Seeking a balance in Iron Ore Usage
A debate that refuses to die away is whether irrespective of its being richly endowed with minerals, the country should persist with exports of iron ore. For full story, click here
Articles Tagged "minerals"
MMG will pursue Iron Ore Assets
Mr Andrew Michelmore former head of OZ Minerals Limited declared that Minerals and Metals Group, or MMG the Australian unit of China Minmetals Corporation may pursue iron ore assets. For full story, click here
Champion Minerals provided updates on Attikamagen Iron Property
Champion Minerals Inc declared results from recently completed geophysical Magnetic Inversions, Magnetic Volumetric Estimates and Taconite Tonnage Potential Estimates at the Company’s wholly owned Attikamagen Iron Property located in western Labrador and north eastern Quebec, 15 kilometer northeast of Schefferville in Quebec. For full story, click here
Macarthur increases resource to 341 million tonnes
Macarthur Minerals (CVE:MMS) reported today that the resource estimate at the Lake Giles project in Western Australia by 73 per cent to 341 million tonnes. The iron ore resource is only in the inferred category and averages 26.1% iron. The company’s press release states that more drilling will start this month and is designed with [...]
Iron Ore Prices To Linger Low
By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
Templar Minerals started work on Rio Paranaiba iron project
Templar Minerals Limited announced that it has started phase 1 exploration works on the Rio Paranaiba project, a new iron ore discovery in the Brazilian state of Minas Gerais. For full story, click here
Rio Tinto Deal with Chinalco in Australian Hands
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
Macarthur Extends Lake Giles Iron Ore Project
Macarthur Minerals (CVE:MMS) reported today new drill results that significantly increase the extent of the magnatite iron ore mineralization at the Moonshite area of the Lake Giles project in Western Australia. The results include several intervals over 100m thick all with Davis Tube concentrations of over 64% iron. The company goes on to report that [...]
Baltic dry index: Iron market revival
By Melissa Pistilli-Exclusive to Iron Investing News The Baltic Dry Index (BDI), what has been referred to as the “canary in the coal mine” for global trade health, rose 7.5 per cent on Friday. This latest development has injected a dose of optimism into the iron ore market. “Indications are that miners have been [...]
BHP’s takeover of Rio dies
By Melissa Pistilli-Exclusive to Iron Investing News BHP Billiton’s hostile takeover bid for rival Rio Tinto finally came to an end last week. On November 25, BHP announced it was dropping its $66 billion bid for Rio due to the current global economic crisis and Rio’s $42.1 billion in debt. The takeover process had begun [...]
