Forbes reported on Asia's richest woman, Gina Rinehart, whose wealth measure some $18 billion after selling shares of an iron ore mine.
Metal Investment News reported iron ore prices in future swaps are rising as investors anticipate Chinese steel mills need to replenish stocks.
Reuters reported Fosun International expects its 2011 profit from Nanjing Iron & Steel subsidiary to fall more than 50 percent.
Bloomberg reported Russia's Metalloinvest said output rose 9 percent last year to 40.1 million metric tons.
Atlas Iron (ASX:AGO) reported it has cut its production targets for the financial year because of the impact of Tropical Cyclone Heidi.
Reuters reported spot iron ore prices are unlikely to change with China away on Lunar New Year holiday.
Mining Weekly reported BHP's (NYSE:BHP,ASX:BHP) proposed iron ore mine expansion in Western Australia has been approved by the EPA.
Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) announced its Ghanaian joint venture partner, Emmaland, has received three prospecting licenses.
Reuters reported spot iron ore prices fell to a two-week low as trading thinned in China.
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).
Thursday, February 2, 2012