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Fortescue Metals Sees Decline in Iron Ore Shipments Due to Bad Weather

Fortescue Metals Group (FMG) was affected by the recent bad weather in Australia as heavy rains saw it shipping 11.5 % less iron ore in the March quarter this year as compared to the previous year.

From Fortescue Metals Group Ltd 13 Apr 2011

Sundance's Cameroon Iron Ore Project to Cost $4.6 Billion

Sundance Resources announced that developing its Mbalam iron ore project would cost $4.6 billion to develop. The project in central West Africa needs infrastructure and the completion of a definitive feasibility study for the initial stage of the project.

From Sundance Resources Limited 7 Apr 2011

Ban on Karnataka Iron Ore Exports Lifted

The Supreme Court of has asked the state government of Karnataka to lift the ban on export and transportation of iron ore from April 20, 2011.

6 Apr 2011

Mount Gibson Iron Ends Agreement with Shougang Concord

Mount Gibson Iron Ltd has ended its agreement with Shougang Concord International Enterprises. The agreement included the sale of 80% of its mine production to the Chinese steel manufacturing company from the Extension Hill mine. The company did not give any specific reason for the termination of the agreement.

From Mount Gibson Iron Limited 5 Apr 2011

Northland Resources Signs Distribution Agreement for Kaunisvaara Project

Northland Resources has signed a distribution agreement with Pon Mining International - Pon Equipment to supply Caterpillar and Bucyrus mine mobile equipment for the Kaunisvaara Project, which is sited in Northern Sweden, which is around 100 km north of the Arctic Circle, in the municipality of Pajala.

29 Mar 2011

Macarthur Minerals Reports RC Drilling Results from Lake Giles Project

Macarthur Minerals has received the first 36 Reverse Circulation (RC) drill hole assay results from Lake Giles project, present in Western Australia.

From Macarthur Minerals Limited 29 Mar 2011

Brazil's MMX Expands Iron Ore Production, Profits

Brazilian iron ore miner MMX Mineracao e Metalicos SA (MMX) which is controlled by Eike Batista posted a profit for the second consecutive quarter as it expanded its iron ore production.

27 Mar 2011

Progress for Ironclad Mining at Wilcherry Hill Iron Ore Project

Ironclad Mining is making great progress on developing the Wilcherry Hill Iron Ore Project in South Australia. There has been an estimated 69.3 million tonnes of near surface crystalline magnetite ore discovered at Wilcherry Hill. Of this 48 million tonnes is indicated and 21 million tonnes is inferred.

27 Mar 2011

BHP Billiton Plans Massive Australian Invesments

Australian resources company BHP Billiton is going to make a capital investment of $9.5 billion to expand its Australian iron ore and coal mining operations. The largest miner in the world has now planned to expand its own mines after it failed to take over three acquisition targets in the last year.

From BHP Billiton Plc 27 Mar 2011

Hanlong Mining Acquires Ken Talbot's Stake in Sundance Resources

The late Ken Talbot’s Talbot Group has sold its stake in Sundance Resources to a Chinese company. The 15.95% stake in Sundance Resources was sold for $19.08 million by the group to iron ore explorer Hanlong Mining. The shares were sold at 44c each.

From Sundance Resources Limited 24 Mar 2011