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 [...]
The Financial Express declared that India’s iron ore business faces a major challenge. It is a challenge for survival. 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, [...]
Iron Head Mining Corporation declared that the challenges of acquiring funds for the mining business in the current marketplace have resulted in the company evaluating its business models and developing a new model that is better suited for growth in the present environment. For full story, click here
Goa’s iron ore industry which was badly affected due to global meltdown, is making a turnaround and exports may come close to last year’s though the revenue is expected to fall by nearly 50% for the current fiscal year. For more information, click here
Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers for $1.6 billion, aiming to boost business with Asian customers. For full news, click here
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