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"
Tuesday, September 29, 2009
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
Continue reading "WISCO acquires Consolidated Thompson shares"
Tuesday, September 29, 2009
Additional channel sample results with respect to the St. Anthony’s Gold project has been announced by Pacific Iron Ore Corporation (TSX.V: POC). The project has the potential to host gold resources. These results confirm historic grades from the St. Anthony mine area and demonstrate widespread gold mineralization over a large area. In light of the [...]
Continue reading "Pacific Iron Ore provides update"
Wednesday, May 13, 2009
By Kishori Krishnan Exclusive To Iron Investing News Shares in WA’s mid-west iron ore miners and explorers lifted after the Federal Government committed $339 million towards the $4 billion Oakajee port. The government matched funding offered by the WA state government in its 2009/10 federal budget handed down on Tuesday, bringing the total government commitment [...]
Continue reading "Australian Govt. Backing Supports Iron"
Tuesday, January 27, 2009
Nippon Steel Corp and other Japanese steelmakers will press for cuts of 40 percent in iron ore prices and 60-70 percent in coal prices for the next business year due to falling costs of natural resources and weakening steel demand,. For full story, click here
Continue reading "Japan steelmakers seek iron price cuts"
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Tuesday, September 29, 2009