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
IronClad Mining Limited has signed a MoU with Wuhan Iron & Steel Corporation of China to jointly fund and develop two iron ore projects in South Australia. For full story, click here
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 [...]
Out of the total 105 sponge iron plants operating in Orissa, 14 units have iron ore mines of their own. Out of the remaining 94 units, Orissa Mining Corporation (OMC), the state owned mining company, is supplying iron ore to 29 units. For full story, click here
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 [...]
The world around Palanivel is crumbling. Not long ago, he was a prosperous operator of 10 busy trucks in a booming business environment, but now faces personal ruin. For full story, click here
IronClad Mining Limited has signed a MoU with Wuhan Iron & Steel Corporation of China to jointly fund and develop two iron ore projects in South Australia. For full story, click here
Global mining major Anglo American Plc today said it is keen on roping in local players to forge joint ventures in India’s mining sector, where the UK-based firm intends to be a long-term player.The company is interested in iron ore mining in the country. For full story, click here
Aim-listed mineral exploration company African Minerals on Friday announced that iron-ore miner London Mining had withdrawn its application for an interim injunction against the company, in the Marampa exploration license dispute. For full story, click here
Legend Mining Limited has received encouraging iron results from rockchip sampling over the prospective Cleaverville formation within its Pilbara Project in Western Australia. For full story, click here
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