Delrand Reports Further Iron Ore Exploration Results
Delrand Resources Limited (TSX:DRN,JSE:DRN) announced additional positive drilling results from its iron ore joint venture project.
Articles Tagged "rio tinto"
Rio Tinto Stock Worth $82 Despite Iron Ore Price Volatility
Forbes reported iron ore prices have been sliding in the spot market over the past few months as a result of weak demand.
Nigeria’s Iron Production
Nigeria is looking to diversify its minerals and mining sector to reduce the dependence on oil as a source of national revenue. The West African country is looking to produce 2 million tonnes of iron ore in 2012 through the state owned National Iron Ore mining Co. Ltd.
Rio Tinto’s Aluminum For Iron Ore Tradeoff To Boost Profit
Forbes reported Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) will sell 13 of its aluminum assets while investing in the resource base for its iron ore business.
Rio Tinto Negotiates Portugal Iron Ore Deal
Reuters reported Rio Tinto (NYSE:RIO,LSE:RIO,ASX:RIO) is negotiating with Portugal's government for a concession to mine iron ore in the country.
Rio, BHP Drive Iron Ore Mines Harder in September Quarter
Reuters reported Rio Tinto (ASX:RIO,LSE:RIO) and BHP Billiton (ASX:BHP,LSE:BLT) had record quarterly iron ore shipments.
Expanding Iron Ore Supply Weighs on Price
By 2015 iron ore production is set to grow by 53 percent. This has worried investors that falling prices will hurt the bottom line of some of the world’s largest mining firms. Recent movements in share prices have reflected these concerns. Yet the heads of the BHP, Vale, and Rio Tinto remain confident.
Rio Plans ‘No-Brainer’ 50% Pilbara Expansion
SMH reported Rio Tinto (ASX:RIO) will put $US833 million into power and fuel supply projects for a 50% expansion of its Pilbara iron ore business.
Rio’s Guinea Project on Track Despite Code
SMH reported Rio Tinto's (LON:RIO,NYSE:RIO) ownership of the Simandou iron ore project in Guinea remains unchanged despite the new mining code.
Rio Tinto Pays Highest Fee This Year to Charter Iron Ore-Carrying Capesize
Bloomberg reports Rio Tinto Group (NYSE:RIO,LON:RIO,ASX:RIO) paid this year’s highest rent for a capesize vessel to carry iron ore to China from Australia.
