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BHP Billiton Moves Closer to Winning Iron Ore Mining Rights in Gabon

BHP Billiton may steal a deal from China Machinery Engineering Group in Gabon. As per Gabonese officials the mining giant is close to winning the rights to the Belinga iron ore deposit which is one of the largest iron ore projects in the country.

From BHP Billiton Plc 1 Feb 2012

Astra Resources Report Shows Philippine Iron Sands Project Economically Attractive

Astra Resources has announced that it has received a favorable report for its Philippine iron sands project from the Cagayan River Construction & Development Corporation.

31 Jan 2012

Legacy Iron Ore Seeks Funds for Mt Bevan Development

Legacy Iron Ore is currently looking for $200 million to fund the mine development at its flagship project called Mt Bevan. The iron ore project is situated nearly 100 km to the west of Leonora in central Yilgarn region.

30 Jan 2012

Fortescue Metals Eagerly Awaits Approval for 5th Berth at Port Hedland

Fortescue Metals Group is hoping that the government approval for a fifth berth at Port Hedland will come in by next month.

From Fortescue Metals Group Ltd 30 Jan 2012

Vale SA Hit with $5.6 Billion Tax Bill

Brazilian mining giant Vale SA, has been charged with $5.6 billion in unpaid taxes in Brazil. The world’s largest iron ore producing company plans to lodge an appeal against the decision.

From Vale 30 Jan 2012

Posco Buys into Roy Hill, Rinehart’s Wealth Soars

South Korean company Posco has decided to buy a 15% interest in the Roy Hill mining project in the Pilbara region. The steel making giant is investing $1.5 billion in the mine owned and operated by Gina Rinehart’s company, Hancock Prospecting.

From Hancock Prospecting Pty Ltd. 23 Jan 2012

Trafford Resources Sells Stake in Robust Resources

Trafford Resources has sold its 5.89% stake in Robust Resources. This has brought in nearly $7.4 million cash for the company from the sale of its 5.3 million shares at the rate of $1.40 per share.

23 Jan 2012

BHP Billiton Expecting Record Iron Ore Production in 2012

BHP Billiton announced that it was going to set new records in the production of iron ore in 2012. The statement from the mining giant came on Wednesday in light of the expansion of mining operations in the Pilbara region of Western Australia.

From BHP Billiton Plc 22 Jan 2012

Grange Resources Forecasts Iron Ore Production Jump

Grange Resources has raised its full year production output by 15 % after the iron ore grades at Savage River mine took an upturn. The iron ore pellet producer said that the Tasmanian mine would help boost their production in 2012.

From Grange Resources Limited 18 Jan 2012

London Mining to Ship First Ore from Sierra Leone

London Mining is working on expanding the iron ore project it operates in Sierra Leone. The company hopes to load its first shipment from the Marampa mine this month.

From London Mining Plc 18 Jan 2012