Vale Sees Iron Ore Making Rebound
Bloomberg reported Vale SA (SAO:VALE3) expects the steel-making ingredient to rebound this year because current prices aren’t profitable for producers in China and other countries.
Bloomberg reported Vale SA (SAO:VALE3) expects the steel-making ingredient to rebound this year because current prices aren’t profitable for producers in China and other countries.
Altius Minerals Corporation (TSX:ALS) reported net earnings of $2,461,000 or $0.08 per share for the three months ended January 31, 2012.
Cuervo Resources Inc. (CNQ:FE,FRA:CRR) announced the election of Mr. Erwin Speckert to its Board of Directors.
Advanced Explorations Inc. (CVE:AXI,FRA:AE6) provided an update on its progress relating to the 2011 Roche Bay iron project program.
ProspectingJournal.com reported China has recently pushed into West Africa to gain better control over iron ore supply.
Reuters reported China's Sichuan Hongda Co. Ltd.(SHA:600331) has signed a $3 billion deal with Tanzania to mine coal and iron ore.
Central Iron Ore Ltd. (CVE:CIO) announced the completion of a Helimag and radiometric aerial survey flown over its iron ore hub.
Century Iron Mines Corporation (TSE:FER) announced its common shares will start trading on the Toronto Stock Exchange today under "FER".
Bloomberg reported OAO Magnitogorsk Iron & Steel (RTC:MAGN) formed a mining unit in Luxembourg, called MMK-Mining Assets Management SA.
Globe and Mail reports India’s iron ore exports could halve over the next five years as the country grows its steel industry.
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