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 [...]
Undaunted by plummeting ore prices and a faltering steel industry, several multimillion dollar mining initiatives continue to march forward on Minnesota’s Iron Range. As tough as conditions may be at present, the ongoing interest in new Iron For full story, click here
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