Bellzone Mining (AIM: BZM) an iron-ore exploration and development company, has announced that the infrastructure required for its Kalia project, in Guinea will be funded by the China International Fund (CIF). Bellzone MD Nik Zuks is quoted saying: “The $2,7-billion infrastructure project would form the first leg of developing a multiuser railway and port that [...]
Australia’s BC Iron, a new iron-ore producing company is now making its way to develop its Nullagine iron-ore mine. The company’s Nullagine joint venture (JV) is expected to ship its first ore in December. BC Iron MD Mike Young is quoted saying: “The company has strong views on the proposed SPT, and believes that it [...]
Fortescue Metals Group (ASX: FMG), an Australian iron ore mining company has announced that it has delayed its plan for expansion in the Pilbara region worth $15-billion due to super profits tax (SPT). Fortescue CEO Andrew Forrest is quoted saying: “I am a very experienced project financier, and my team is the best project finance [...]
GINDALBIE METALS LTD (GBG:AU), an iron-ore producer, has secured the A$175-million institutional component from its A$206-million capital raising. The company is looking to raise between A$175-million and A$206-million. This amount will be used for the development of the Karara iron-ore project found in Western Australia. MD Garret Dixon was quoted saying: “This new institutional support [...]
Foreign Investment Review Board (FIRB) has approved Emergent Resources Pty Ltd’s A$200-million joint venture (JV) with China’s Beijing China Metallurgical Investment Company (CMIC) on their Western Australian Beyondie iron-ore project. The target for this project between 3,7-billion and 4,2-billion tonnes of iron-ore, grading at between 27% and 28% iron outside the existing resource area. Click [...]
A subsidiary of Canada Chrome Corporation, KWG Resources Inc (TSXV: KWG), has appointed a railroad engineering firm for a new railroad link. The firm has completed several projects with KWG’s principal shareholder Cliffs Natural Resources (NYSE: CLF). The North American business unit of Cliffs Natural is comprised of six iron ore mines owned or managed [...]
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 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 [...]
Iron Road Ltd., which gained 84 percent in Sydney trading today has planned to sell new shares this year to develop its iron ore project in South Australia. For full story, click here
Members of the Iron Workers Local 17 dipped their hardhats and picked up picket signs and marched outside the under-construction Elyria High School in protest of a nonunion company’s work on the project. For full story, click here
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