A subsidiary of Canada Chrome Corporation, KWG Resources Inc (TSXV: KWG), has appointed a railroad engineering firm for a new railroad link. The firm has completed several projects with KWG’s principal shareholder Cliffs Natural Resources (NYSE: CLF). The North American business unit of Cliffs Natural is comprised of six iron ore mines owned or managed [...]
Anglo American Plc.’s Kumba Iron unit, the leading African producer of the steelmaking ingredient, said profit for the six months through June will climb as much as 22 percent. For full story, click here
Anglo American, the mining company that rejected Xstrata Plc’s proposed merger two days ago, may seek a partner to invest in its $3.6 billion Minas-Rio iron ore mine in Brazil. For full story, click here
Anglo American plc. declared that it’s Production Report for the January to March quarter of 2009, which shows iron ore production during the period totalled 9.992 million tonnes a surge of 1.802 million or 22% from 8.190 million tonnes produced in the previous corresponding period. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
Global mining major Anglo American Plc today said it is keen on roping in local players to forge joint ventures in India’s mining sector, where the UK-based firm intends to be a long-term player.The company is interested in iron ore mining in the country. For full story, click here
Anglo American Plc’s Kumba Iron ore agreed to raise pay at its biggest mine, Sishen, by as much as 13 percent. For full story, click here
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