Magnitogorsk May Sell Iron Ore Project
Bloomberg reported a Russian steel company, Magnitogorsk (LSE:MMK) may sell its iron ore property.
Bloomberg reported a Russian steel company, Magnitogorsk (LSE:MMK) may sell its iron ore property.
Bloomberg reported Russia's Metalloinvest said output rose 9 percent last year to 40.1 million metric tons.
Platts reported Cliffs Natural Resources (NYSE:CLF) is expecting sales to drop in Canada and Asia through 2012.
Mining Weekly reported Kilo (TSXV:KGL) shares are 13% higher after announcing promising iron ore results from its joint-venture project.
Resource Investing reported Amine Bouchentouf's recommendations of iron ore companies to watch in 2012 including Vale (NYSE:VALE) and Cuervo Resources (CNSX:FE,FWB:CRR).
Mining Weekly reported Exxaro’s (FWB:LCQ) offer for African Iron (ASX:AKI) is one of the worst kept secrets on the ASX.
Bloomberg reported iron ore production is down 20% in Brazil, according to Vale (SAO:VALE5).
Reuters reported Russia's VTB Bank has bought a 20% stake in Metalloinvest.
Reuters UK reported Anglo American (LSE:AAL) is considering selling its stake in the Ampapa iron ore operation in Brazil.
Platts reported Forge Resources (ASX:FRG) will purchase Atlas Iron's (ASX:AGO) vanadium/titanium/iron project.
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