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 [...]
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 [...]
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, [...]
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
India’s iron ore prices were steady from a week ago as Chinese buying persisted after a revival in December, exporters and a trade body official said . 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
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