Sphere Minerals Limited: ASX:SPH, a West African focused Iron ore company, has announced that it has agreed to place 20,654,000 shares at A$1.60. This share will raise gross proceeds of to a total of $33,046,400. Alexander Burns, Managing Director of Sphere Minerals Limited is quoted saying: “The Placement was jointly managed by GMP Securities Europe [...]
Continue reading "Sphere Raises $33M for Askaf Project"
Tuesday, September 29, 2009
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
Continue reading "WISCO acquires Consolidated Thompson shares"
Saturday, August 8, 2009
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
Continue reading "Iron Road has planned to Sell New Stock to fund Project"
Monday, June 15, 2009
Australian iron ore producer that commenced shipping to China last year Atlas Iron Ltd will sell shares worth as much as AUD 117 million to help fund expanded production. For full story, click here
Continue reading "Australian Iron Ore producer will raise $117 mln to expand output"
Thursday, February 26, 2009
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
Continue reading "Uptick From China Bolsters Hope for Iron"
Thursday, February 12, 2009
By Kishori Krishnan Exclusive to Iron Investing News The second week of February brings some cheer for the iron ore sector. There are very initial signs that contrary to analysts’ expectations at the start of the year of a drop of about 40 per cent in iron ore prices this year, improving sentiments may not see [...]
Continue reading "Improving sentiments help iron prices"
Thursday, February 5, 2009
Ferraus Limited announced the issue of 5,357,731ordinary share at an issue price of $1.15 per share. full story, click here
Continue reading "Ferraus Limited announced the issue of ordinary share"
Wednesday, December 17, 2008
Noranda Inc. announced that it will not be proceeding with its bid to acquire the outstanding shares of Rio Algom Limited. For full story, click here
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Friday, May 21, 2010