Iron Ore News

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Cap-Ex Ventures Extends Green Bush Magnetite Zone

Cap-Ex Ventures has expanded the length of the strike of the Green Bush magnetite zone through the step-out drill program.

11 Oct 2011

Alderon Iron Ore Announces Initial Drilling Results from Kamistiatusset Project

Alderon Iron Ore has reported the primary drilling results from the current campaign conducted at the Kamistiatusset (Kami) iron ore project, west Labrador.

10 Oct 2011

Riverside Resources, Choice Gold Announce Discovery of Oxide Zone at Sugarloaf Peak

Riverside Resources and Choice Gold have announced a new oxide gold zone discovery at the Sugarloaf Peak project in Arizona.

10 Oct 2011

Champion Minerals Reports New Assay Results from Fancamp's Moire Lake Project

Fancamp Exploration has announced that Champion Minerals has reported the new assay results from its Moire Lake project, in which Fancamp has 17.5% interest.

From Fancamp Exploration Ltd 10 Oct 2011

Albania Looks to Reform Mining Sector and Issue New Leases

Albania is looking to give its mining industry a major boost as it plans on issuing 151 mining licenses this year. The Ministry of Economy, Trade and Mining said on Thursday that they planned to allocate 20 of these mining licenses in weekly competitions.

9 Oct 2011

AK Steel Makes New Coal and Iron Ore Deals

AK Steel has taken over a coal company for $36 million as per a statement it released this Tuesday. The American steel company also formed a joint venture with another company to produce iron ore concentrate.

6 Oct 2011

Sundance Resources Moves Closer to a Takeover by Hanlong Mining

Sundance Resources is likely to accept the takeover offer initiated by Hanlong Mining. The board of directors of Sundance Resources, have endorsed the $1.65 billion takeover plan of the Chinese company.

From Sundance Resources Limited 5 Oct 2011

ECR Minerals Updates on Unchimé Iron Ore Project

ECR Minerals has got additional 60 days from the date of paying a US$1.3 million of cash to the Unchimé iron ore project’s proprietors in Argentina, to obtain a 70% primary possession interest in the Unchimé project.

4 Oct 2011

ArcelorMittal South Africa Still Seeking Partner

ArcelorMittal South Africa has still to find a black empowerment partner as it breaks off talks to sell 26% interest in the company to a group of black investors known as the Ayigobi Consortium, which included a son of the South African President Jacob Zuma.

28 Sep 2011

NMDC to Acquire Half of Australia's Legacy Iron Ore

Indian government-owned NMDC is to buy 50% stake in the Australian Legacy Iron Ore. The Rs 92 crores investment, roughly equal to Australian $19 million, will make it the first Navratna company to get into an overseas project of this magnitude.

25 Sep 2011