Consolidated Thompson Iron Mines Ltd. (TSX:CLM) reported the appointment of Bernard R. Wilson to the new position of Lead Director. The press release is quoted as saying: Consolidated Thompson Iron Mines Limited is a development and exploration mining company. The Company is presently developing at the expected initial rate of 8.0 million tonnes per year [...]
China Armco Metals, Inc. (OTCBB: CNAM), a distributor of imported metal ore with plans launched a new state of the art scrap metal recycling facility in China. The company also announced that it has received approval to list its common stock on NYSE Amex. The press release is quoted as saying: China Armco Metals, Inc. [...]
Net income at Vale (VALE5.SA)(VALE.N), the world’s largest iron ore producer, is reported to rise in the fourth quarter as production and freight costs remained subdued. The press release is quoted as saying: Rio de Janeiro-based Vale is expected to report profit of $1.57 billion for the quarter, an increase of 15 percent from $1.37 [...]
Adriana Resources Inc. (TSX VENTURE:ADI) reported that the company has closed the second tranche of a non-brokered structured private placement by issuing 4,270,000 flow-through common shares at $0.89 per share for gross proceeds of $3.8 million. All securities issued under the Second Closing will be subject to a four-month hold period expiring on June 6, [...]
The istockanalyst analyses if iron ore is becoming speculative investment target: The iron ore produced by China itself, expectations on future steel production in China, and the US and Europe, have been taken as major factors in the analytic model of many investment banks. Click here to access the entire press release
Hong Kong’s Burwill Holdings (0024.HK) reported that the company plans to invest $100 million to quadruple its iron concentrate output using ore from a mine it is buying in eastern China’s Shandong province. The press release is quoted as saying: Burwill will build new ore dressing plants, taking the mine’s production to 700,000 tonnes of [...]
Cardero Resource Corp. (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) updated on company’s corporate strategy and key mineral projects following the recently completed sale of the Pampa de Pongo Iron Deposit in Peru for total gross proceeds of USD 100 million. The press release is quoted as saying: An exploration drill program is currently underway on the Company’s Baja Iron [...]
Macarthur Minerals Limited (TSX VENTURE:MMS) reported that the company’s 2010 field activities have commenced at its 100% owned Lake Giles Iron Ore project located in the Southern Yilgarn Iron Ore Province in Western Australia. The press release is quoted as saying: The priority and focus for the exploration activities for the March 2010 quarter will [...]
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