By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
The directors of Crusader Resources Limited announced submition of the financial report of Crusader Resources Limited and its subsidiaries for the half-year ended 31 December 2008. The company’s chief development opportunity is the Posse Iron Project in the south eastern Brazilian state of Minas Gerais. For full story, click here
Advanced Explorations Inc. reported more significant results from their Roche Bay iron ore project in Nunavut, Canada. The company reported an intersection of 218.5 metres of 32.21% iron from what is the most significant results yet from the “C-Zone”. John Gingerich, AEI’s President and CEO is quoted saying: The results, such as those reported here, [...]
Advanced Explorations Inc. have announced significant results from their Roche Bay iron ore project in Nunavut, Canada. One drill hole included almost 100 meters of 27.31% iron and 34 meters of 32.37% iron. Advanced Exploration President and CEO John Gingerich is quoted saying: Previous resource and economic studies focused on the A and B Zones. [...]
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 [...]
Adriana Resources Inc. announced the completion of the 2008 exploration program at the Lac Otelnuk Iron Project located in Labrador Trough, Quebec, Canada. For full story, click here
Profit declined by 24.7% at India-focused miner Vedanta Resources in the 6 months to 30 September and earnings fell 7%. The company posted record volumes in its iron ore business. Anil Agarwal, chairman of Vedanta Resources, said: In these challenging and uncertain markets, the group has produced a strong performance and we continue to make progress on our [...]
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