Iron ore production in the country has almost doubled during the past five years, with the private sector’s share in total production showing marked improvement.
Exports up 260 pc
Exports also have gone up by around 260 per cent during this period, according to the figures placed by the Ministry of Mines in Parliament on Wednesday.
According […]
Australian iron ore miner Mount Gibson Ltd. launched a scrip takeover offer on Monday for fellow miner Aztec Resources Ltd. , valuing Aztec at about A$200 million ($150 million).
Mount Gibson said a successful takeover would create an independent iron ore company with the potential to produce 9.5 million tonnes a year of hematite ore from […]
When Robert Martin discovered the LabMag iron ore project in 1960, he found a deposit laced with enough iron that a magnet would stick to some parts of the ground.
But the deposit was low grade and considered worthless at the time. Mr. Martin went on to a lengthy career with Iron Ore Co. of Canada […]
CLIVE Palmer is a different kind of businessman. If you were told he was from the Gold Coast you wouldn’t be surprised.
Then there’s that property developer/National Party background and a truckload of cash from China in his bank account thanks to the recent sale of an iron ore project in the Pilbara to CITIC.
You […]
Bolivia’s government is expected in the next six weeks to approve a 2.3 bln usd bid by Jindal Steel and Power of India to extract one of the world’s largest untapped iron ore deposits, the Financial Times reported.
It is the most significant example of a country with no record of financial involvement with Bolivia voicing […]
A junior mining exploration company plans to compete with the big players after buying a $5.5 million iron ore portfolio.
Under the deal, Polaris Metals will acquire Heron’s Western Australian iron ore project.
It consists of 50 tenements covering 4,000 square kilometres, including the Poondano project about 25 kilometres from Port Hedland in north-west WA.
IRON ore developer Fortescue Metals Group has signed a $536.01 million deal with a New York group after breaking off talks with Noble Group.
Leucadia National Corporation has agreed to pay $402.01 million for a placement of 26.4 million Fortescue shares, or nearly 10 per cent of the miner.
It will also invest a further $134.0 […]
ADELAIDE company Centrex Metals has locked in sales of about half the potential production from its Wilgerup iron ore project on Eyre Peninsula before even listing on the stock exchange.
It’s due to list today, after announcing yesterday it had signed an in-principle supply deal with Chinese company Shenyang Orient and Steel for $390 million […]