As per the Reserve Bank of Australia’s Deputy Governor, the mining boom has benefited more than just Western Australia and Queensland.
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.
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.
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.
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.
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.
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.
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.
Engineering company Downer EDI has been awarded a $570 million contract for providing its services at the Karara iron ore project.
IronClad Mining has hired the former Brockman Resources Managing Director, Wayne Richards. Mr Richards is to join IronClad mining six months after an international search was initiated by the company for a new executive.
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