Iron Investing News

Kilo to Complete Talks Over Iron Ore Mine in Afghanistan

Melissa West — Thu, 02 Feb 2012 22:39:03 +0000

Mining Weekly reported Kilo Goldmines (TSXV:KLG) is the preferred bidder for an iron ore mine in Afghanistan.

Gina Rhinehart is Richest Woman in Asia Thanks to Iron Ore Mine

Melissa West — Thu, 02 Feb 2012 22:36:16 +0000

Forbes reported on Asia's richest woman, Gina Rinehart, whose wealth measure some $18 billion after selling shares of an iron ore mine.

Spot Iron Ore Prices Rise on Signs of Increased Demand

Melissa West — Wed, 01 Feb 2012 23:21:54 +0000

Reuters Africa reported spot iron ore prices rose in China on Wednesday on signs of increased demand.

Cerro Resources Reports on Mt. Philp Haematite Iron Project

Melissa West — Wed, 01 Feb 2012 23:16:58 +0000

Cerro Resources NL (ASX:CJO,TSXV:CJO) announced an updated resources estimate on its Mt. Philp haematite iron project.

West African Iron Ore Rising

Melissa West — Tue, 31 Jan 2012 22:29:07 +0000

Metal Investment News reported iron ore prices in future swaps are rising as investors anticipate Chinese steel mills need to replenish stocks.

Vale Prepares Philippines as Iron Ore Hub

Melissa West — Tue, 31 Jan 2012 22:20:43 +0000

Reuters reported Vale (SAO:VALE5) is creating an iron ore hub in the Philippines.

Exploration Updates on Cerro Ccopane

privera — Tue, 31 Jan 2012 19:05:05 +0000

Updates from the ongoing iron ore exploration program at the Cuervo Resources Inc. (CNSX:FE,FWB:CRR) wholly owned Cerro Ccopane project include diamond drilling showing consistent, high-grade results; ground geophysical surveys identified two additional primary target zones on the property; and a 3-year agreement with the Misanapata community to conduct advanced exploration, including diamond drilling, on the “Bob 1” anomaly.

Iron Ore See Limited Price Rise

Melissa West — Mon, 30 Jan 2012 23:46:22 +0000

Reuters Africa reported iron ore rebar in China saw a rise in trade on Monday although that rise will be limited.

China’s Nanjin Iron & Steel Expects Profit to Fall More Than 50%

Melissa West — Mon, 30 Jan 2012 23:42:55 +0000

Reuters reported Fosun International expects its 2011 profit from Nanjing Iron & Steel subsidiary to fall more than 50 percent.

BHP May Win Iron Ore Mining Rights in Gabon

Melissa West — Mon, 30 Jan 2012 23:40:10 +0000

Bloomberg reported Gabon is close to handing over control of its largest iron ore mine to BHP Billiton Ltd. (NYSE:BHP,ASX:BHP).