Rio Tinto Ltd (RIO:ASX) has announced the continuation of the Iron Ore Company of Canada (IOC) operations programme to increase its annual concentrate capacity by four million tonnes to 22 million tonnes by 2012. IOC Chairman and Rio Tinto chief executive, Iron ore Sam Walsh is quoted saying: “Some uncertainty and potential volatility remain about [...]
Continue reading "Rio Tinto Restarts Iron ore Expansion with $400M Investment"
Wednesday, May 26, 2010
Fortescue Metals Group (ASX: FMG), an Australian iron ore mining company, is calling for other shareholders to share their voices against the super profits tax (SPT). Fortescue chairperson Herb Elliott is quoted saying: “It harms the mining industry and especially Fortescue, and we are urging the government to drop this proposal and to open a [...]
Continue reading "Fortescue Metals Urges Government to Drop SPT"
Monday, May 24, 2010
Rio Tinto has announced the beginning of the expansion program in its Iron Ore Company of Canada (IOC) operations. The new investment is worth $401 million which was approved by the Board of IOC. IOC Chairman and Rio Tinto chief executive, Iron ore Sam Walsh are quoted saying: “Some uncertainty and potential volatility remain about [...]
Continue reading "Rio Tinto’s $400M Iron Ore Expansion in Canada"
Monday, May 3, 2010
Iron ore demand is increasing among Chinese steel makers and the CISA lead boycott is simply not credible. Iron mining companies recognize this and will not relent from their position, which grows stronger every day that global demand recovers and ore prices rise.
Continue reading "Chinese Iron Ore Boycott Unsustainable"
Friday, April 30, 2010
Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) provided its shareholders with the following corporate update on activities of the company.
Continue reading "Apella Resources Inc.: Corporate Update"
Friday, April 30, 2010
Rare Earth Metals Inc (TSX VENTURE:RA) reported assay results from the 4 remaining drill holes on the Clay-Howells Prospect in northern Ontario.
Continue reading "Rare Earth Metals : Results From the Clay-Howells Drill Program"
Wednesday, April 28, 2010
CHAMPION MINERALS INC. (TSX VENTURE:CHM)(FRANKFURT:P02) reported that the company has engaged BBA Inc. to commence a Preliminary Assessment Study of the Bellechasse and Fire Lake North Iron Prospects from the Fermont Iron Property.
Tuesday, April 27, 2010
Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ)on 06 April 2010 had indicated that the company would terminate the Agreement with Alca Gold Limited, to sell Ecometals' shares in Condormining Corporation S.A. and Condorview S.A. to Alca for US$9,000,000 to be satisfied in cash, if the closing payment was not made on 23 April 2010.
Monday, April 26, 2010
Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) provided an update on the metallurgical work performed on the drill core composite samples of its Roche Bay Project located on the coast of the Melville Peninsula, Nunavut.
Wednesday, April 21, 2010
Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) reported that the recent change in management was necessitated by the need to have hands-on expertise at the mining locale, while maintaining administrative functions in the U.S.
Continue reading "Jaguar Mining Enterprises Clarifies Management Transition"
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Thursday, May 27, 2010