By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Continue reading "Strong Signs Spur Iron Talks"
Wednesday, April 15, 2009
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
Continue reading "Iron Market: Heading For A Glut?"
Tuesday, March 31, 2009
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, [...]
Continue reading "Baffinland announces deal with Inuit at Mary River"
Tuesday, March 24, 2009
Mining giant Rio Tinto Ltd/Plc announced that its proposed deal with Chinese state-owned Chinalco would not influence iron ore contract price negotiations for the year ahead. For full story, click here
Continue reading "Rio Tinto reported that Chinalco deal won’t affect iron ore talks"
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Monday, September 21, 2009