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 [...]
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Iron ore prices are expected to be firm. Chris Griffith, chief executive officer of Kumba Iron Ore Ltd., was quoted as saying: Prospects for the iron-ore market remain positive. There is continued strong Chinese demand for steel and upward pressure on iron ore prices. For full story, click here