A subsidiary of Canada Chrome Corporation, KWG Resources Inc (TSXV: KWG), has appointed a railroad engineering firm for a new railroad link. The firm has completed several projects with KWG’s principal shareholder Cliffs Natural Resources (NYSE: CLF). The North American business unit of Cliffs Natural is comprised of six iron ore mines owned or managed [...]
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
Additional channel sample results with respect to the St. Anthony’s Gold project has been announced by Pacific Iron Ore Corporation (TSX.V: POC). The project has the potential to host gold resources. These results confirm historic grades from the St. Anthony mine area and demonstrate widespread gold mineralization over a large area. In light of the [...]
Baffinland Iron Mines (TSE:BIM) announced today that they have signed a memorandum of understanding with the Qikiqtani Inuit Association. This is an early step in negotiating a Inuit Impact and Benefits Agreement covering employment, training, education, contracting, workplace conditions and other issues concerning the Inuit community in the area of the Mary River Project. Gordon McCreary, [...]
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 [...]
Undaunted by plummeting ore prices and a faltering steel industry, several multimillion-dollar mining initiatives continue to march forward on Minnesota’s Iron Range. For full story, click here
Venezuela, with help from China, reopened on Friday the country’s biggest iron mine and began construction on a nearby steel mill set to begin production in the fourth quarter of 2011. 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 [...]
China’s ministry of land and resources has approved the application Hebei Iron & Steel Group’s Mining Co filed for the mining right of the south district of Sijiaying iron mine. For full story, click here
Consolidated Thompson Iron Mines Limited and Quinto Mining Corp. announced that and Quinto has obtained Final Court approval in respect of the arrangement with Consolidated Thompson, and the parties have now completed the arrangement initially announced on April 21, 2008. For full story, click here
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