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Oceanic Iron Ore Announces Assay Results from Hopes Advance Project

Oceanic Iron Ore has released an additional set of assay results from 32 drill holes across the Zone 4, Castle Mountain, McDonald Zone, Iron Valley and Bay Zones B, C, E and F in the Hopes Advance project region.

15 Feb 2012

IronClad Mining in Trading Halt Pending Capital Raising

IronClad Mining has entered into a trading halt until Thursday as it awaits a capital raising. The funds from the proposed capital raising will be used to begin production at its magnetite iron joint venture project in Australia.

14 Feb 2012

Republicans Push for New Iron Ore Mine in Wisconsin

Republicans in Wisconsin have presented their version of a bill to allow a Florida based mining company to operate an iron ore mine in the far north western part of Wisconsin. The company known as Gogebic Taconite is interested in operating a huge open pit mine in a location just south of Lake Superior.

14 Feb 2012

BHP Planning $80 Billion Spending Spree

BHP Billiton is in the mood to acquire. Chief Executive Officer (CEO) of the largest mining company in Australia, Marius Kloppers said this week that BHP Billiton will be looking to make more acquisitions as the mining industry consolidates.

From BHP Billiton Plc 13 Feb 2012

Cap-Ex Drill Announces Assay Results from Block 103 Iron Property

Cap-Ex Ventures has declared the assay results for three holes from the Northwest Zone on the Block 103 iron property situated roughly 30 km northwest of Schefferville’s mining town in Quebec.

9 Feb 2012

Rio Tinto Expands Pilbara Iron Operations

Rio Tinto is expanding its iron ore operation in Pilbara and is going to spend $3.4 billion to do so. The Western Australia mining operations are to be boosted to help the company meet the target of a 50% increase in iron ore production.

From Rio Tinto plc 8 Feb 2012

Record Earnings for BHP Billiton

BHP Billiton has hit record earnings boosted by iron ore production. The mining giant with a highly diversified portfolio that includes iron ore, coal, copper, zinc, diamonds, oil and natural gas has posted a profit of US$9.9 billion for the first half of the 2012 financial year.

From BHP Billiton Plc 8 Feb 2012