Advanced Explorations announced this morning that Jim Excell has joined the company as a Special Advisor. Excell lead the construction and operation of the EKATI Diamond mine and has served as chairman of BHP Billiton Diamonds Inc. John Gingerich, president and CEO of AEI is quoted as saying: Having a person like Jim on the [...]
Baffinland Iron Mines Corp (TSX:BIM) reported today on drill results from the 2008 drilling program. A total of 26 holes were reported on including cumulative 2,680 metres of 66% iron. Hole MR1-08-154 intersected a true width of more than 196 meters grading 66.5% iron. Baffinland has reported in the past that much of this is [...]
By Kishori Krishnan Exclusive to Iron Investing News The second week of February brings some cheer for the iron ore sector. There are very initial signs that contrary to analysts’ expectations at the start of the year of a drop of about 40 per cent in iron ore prices this year, improving sentiments may not see [...]
Venezuelan Guayana Corporation (CVG) Orinoco Iron Mining workers at the San Isidro mine, in Ciudad Piar, have stopped work to force payment of production bonuses. For full story, click here
Baffinland Iron Mines Corp today udpated investors on 2009 drilling plans and a general corporate update, including an update on the bulk sample sent to European customers. Gordon McCreary, President and CEO is quoted saying: As we emerge from January as a leaner organization with an approved and fully funded budget for 2009, we remain [...]
Usha Martin Ltd expects cost of steel production to fall to 16,000 rupees per tonne from 27,000 rupees a tonne by the end of February, a top official said. Managing Director Rajeev Jhawar, said: We expect cost of steel production to fall with complete use of expensive raw materials bought earlier. For full story, click [...]
Rio Tinto said has shelved a plan to extend its Northparkes mine in Australia as it slashes capital spending. For full story, click here
By Melissa Pistilli – Exclusive to Silver Investing News Traditionally, the price of iron ore has been calculated using a global benchmarking system that typically involved one of the three major producers of seaborne iron ore-Vale, Rio Tinto, BHP Billiton-negotiating annual prices. This system often takes months to reach a final resolution. This year, however, [...]
Brazilian steelmaker CSN reported that it expects to sell part or all of its Namisa iron ore mine by early October. Companhia Siderurgica Nacional spokeswoman Flavia Ferreira said: The final bids for the mine should be in by mid-September and that the sale of part or all of the mine should be announced no later than early October. [...]
Three people reported to have died and two are still missing after an iron ore mine collapsed in east China’s Anhui Province. For more information, click here
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