Fortescue Metals Group (ASX: FMG), an Australian iron ore mining company, is calling for other shareholders to share their voices against the super profits tax (SPT). Fortescue chairperson Herb Elliott is quoted saying: “It harms the mining industry and especially Fortescue, and we are urging the government to drop this proposal and to open a [...]
Continue reading "Fortescue Metals Urges Government to Drop SPT"
Thursday, May 20, 2010
Australia’s BC Iron, a new iron-ore producing company is now making its way to develop its Nullagine iron-ore mine. The company’s Nullagine joint venture (JV) is expected to ship its first ore in December. BC Iron MD Mike Young is quoted saying: “The company has strong views on the proposed SPT, and believes that it [...]
Continue reading "BC Iron’s Nullagine Project On Track"
Wednesday, May 19, 2010
Fortescue Metals Group (ASX: FMG), an Australian iron ore mining company has announced that it has delayed its plan for expansion in the Pilbara region worth $15-billion due to super profits tax (SPT). Fortescue CEO Andrew Forrest is quoted saying: “I am a very experienced project financier, and my team is the best project finance [...]
Continue reading "Fortescue Puts $15bn Expansion On Hold"
Wednesday, May 19, 2010
GINDALBIE METALS LTD (GBG:AU), an iron-ore producer, has secured the A$175-million institutional component from its A$206-million capital raising. The company is looking to raise between A$175-million and A$206-million. This amount will be used for the development of the Karara iron-ore project found in Western Australia. MD Garret Dixon was quoted saying: “This new institutional support [...]
Continue reading "Gindalbie Raises A$175m Institutional Support"
Monday, October 5, 2009
By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
Continue reading "Baosteel To Edge Out Xstrata in Anglo American?"
Tuesday, September 29, 2009
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 [...]
Continue reading "KWG Resources appoints engineering firm"
Friday, August 21, 2009
The cash price for Australian iron ore delivered to China, the world’s leading purchaser, slumped 9.3 percent after Chinese steel prices dipped. Mark Pervan, senior commodity strategist at Australia & New Zealand Banking Group Ltd., stated: The steel market is overheated. For full story, click here
Continue reading "Spot Iron Ore Price to China Slumped on Steel Dipped"
Saturday, August 8, 2009
Iron Road Ltd., which gained 84 percent in Sydney trading today has planned to sell new shares this year to develop its iron ore project in South Australia. For full story, click here
Continue reading "Iron Road has planned to Sell New Stock to fund Project"
Monday, August 3, 2009
Atlas Iron Ltd declared that it is on track to become Australia’s fourth leading iron ore miner by 2012 at “ridiculously low capital costs”. For full story, click here
Continue reading "Atlas Iron on Track will Expand"
Sunday, August 2, 2009
Atlas Iron Limited is exporting iron ore through the port of Port Hedland and actively exploring for Direct Shipping Ore in the Pilbara of Western Australia. For full story, click here
Continue reading "Atlas Iron Quarterly Activities Report for June 2009"
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Wednesday, May 26, 2010