By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
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 [...]
Adriana Resources Inc. declared that it has granted incentive stock options to an officer of the Company to purchase up to 2,000,000 common shares in the capital stock of the Company pursuant to a Share Option Plan approved by shareholders. For full story, click here
The country’s second most-valued firm, NMDC, on Tuesday declared its shareholders have approved the merger of Sponge Iron India Ltd. with itself. For full story, click here
Pallinghurst Resources, the investment fund chaired by South African & Ex BHP Billiton CEO Brian Gilbertson, and Red Rock Resources will assume control of iron ore company Jupiter Mines. Jupiter said: We would ask shareholders to consider the vending of a portfolio of Australian iron ore, manganese and liquid assets into Jupiter in exchange for an issue [...]
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