The istockanalyst analyses if iron ore is becoming speculative investment target: The iron ore produced by China itself, expectations on future steel production in China, and the US and Europe, have been taken as major factors in the analytic model of many investment banks. Click here to access the entire press release
Hong Kong’s Burwill Holdings (0024.HK) reported that the company plans to invest $100 million to quadruple its iron concentrate output using ore from a mine it is buying in eastern China’s Shandong province. The press release is quoted as saying: Burwill will build new ore dressing plants, taking the mine’s production to 700,000 tonnes of [...]
Cardero Resource Corp. (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) updated on company’s corporate strategy and key mineral projects following the recently completed sale of the Pampa de Pongo Iron Deposit in Peru for total gross proceeds of USD 100 million. The press release is quoted as saying: An exploration drill program is currently underway on the Company’s Baja Iron [...]
Macarthur Minerals Limited (TSX VENTURE:MMS) reported that the company’s 2010 field activities have commenced at its 100% owned Lake Giles Iron Ore project located in the Southern Yilgarn Iron Ore Province in Western Australia. The press release is quoted as saying: The priority and focus for the exploration activities for the March 2010 quarter will [...]
BHP Billiton Ltd (BHP.AX), the world’s biggest miner, reported that the company has approved $1.93 billion of capital expenditure to expedite growth of its Western Australia iron ore business, reflecting continued strong demand for the commodity. The press release is quoted as saying: Analysts forecast contract iron ore prices under negotiation with steel mills could [...]
Freewest Resources Canada Inc. (TSX VENTURE:FWR) reported that the company obtained a final order from the Ontario Superior Court of Justice in respect of its previously-announced Arrangement with Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF). The press release is quoted as saying: Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern [...]
Metalloinvest, Russia’s largest iron ore miner, is reported to be in talks with banks over a possible initial public offering of its shares. The press release is quoted as saying: Metalloinvest could take a decision on the listing at the end of the first quarter. Click here to access the entire press release
On Thursday, it was reported that Fortescue Metals Group(FMG.AX), third largest iron ore miner, will increase the output as it plans to look beyond China for new growth in Asia. The press release is quoted as saying: Fortescue, like its bigger rivals Rio Tinto (RIO.AX)(RIO.L) and BHP Billiton (BHP.AX)(BLT.L), has stoked output to keep pace [...]
Central Iron Ore Ltd. (TSX VENTURE:CIO) reports that the company has applied for 2 new tenements that are considered prospective for the occurrence of Iron Ore. The press release is quoted as saying: The applications have been made through its 100% owned subsidiary Central West Resource Pty Ltd. and are located within the Yilgarn Iron [...]
International Gold Mining Limited (TSX VENTURE:IGL) reported that the company has changed its name to “Central Iron Ore Limited” and it has completed its previously announced consolidation of its common share capital on a ten (10) old for one (1) new basis. The press release is quoted as saying: At the opening of markets on [...]
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