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Rio Tinto Extends Life of Marandoo Iron Ore Mine

The Marandoo iron ore mine owned by Rio Tinto has seen developments which would possibly extend its life by another 16 years. The mining giant has now approved a $933 million investment in to the mine which will see its life span extended to 2030.

From Rio Tinto plc 9 Feb 2011

Iron Ore Company of Canada Restarts Phase II Concentrate Expansion Program

Iron Ore Company of Canada announced the resumption of Phase two of its Concentrate Expansion Program (CEP2).

9 Feb 2011

MACA Wins Peculiar Knob Mining Contract from Western Plains

Western Plains Resources has given a $285 million mining contract for the Peculiar Knob high grade iron ore project in South Australia to MACA Ltd. The mine is located 90 km south east of Coober Pedy, a town known as the opal capital of the world.

8 Feb 2011

African Aura Mining Announces Updated NI 43-101 Mineral Resource Estimate for Putu Iron Ore Project

African Aura Mining Inc., the TSX-V (AUR) and AIM (AAAM) listed exploration and development company has announced an updated independent National Instrument 43-101 compliant Mineral Resource Estimate at its 38.5% owned Putu iron ore project in Liberia.

8 Feb 2011

Adverse Australian Weather Impacts India's Steel Industry

Last week's cyclone Yasi has compounded the floods from December for Australia’s Queensland coal mines. The economic impact of the natural disaster is now being felt on foreign shores, specifically India.

7 Feb 2011

Philippines Cancels 500 Inactive Mining Permits

The Philippines government seems to be set on putting its mining industry in order with the President Benigno Aquino III declaring an indefinite ban on logging nationwide and Environment Secretary Ramon Paje saying that almost 500 inactive mining permits had been suspended.

7 Feb 2011

Iluka Resources Gets Massive Boost from BHP Royalties

Iluka Resources survived the global financial crisis on the basis of its mining royalties from BHP Billiton.

From BHP Billiton Plc 6 Feb 2011

Talon Metals Receives Initial Drilling Results from Trairão Iron Project in Brazil

Talon Metals Corp. (TSX: TLO) has announced the initial results of the drilling program on Target Area 2 at its 100% owned Trairão Iron Project, located in Pará State, Brazil.

From Talon Metals Corp. 5 Feb 2011

Pacific Iron Ore Announces Increase in Iron Resources Within Bugaboo Creek Project

Pacific Iron Ore Corporation (TSX.V: POC), announces that inferred resources have nearly doubled to 14.3 million tonnes grading 60 percent recoverable magnetite within in the Bugaboo Creek iron deposits. A cut-off of 20 percent magnetite was used in the determination of this resource.

3 Feb 2011

New Look to Baffinland's Board

The Baffinland Iron Ore company has a set of new owners and several new faces on its board of directors. The company which was recently taken over by ArcelorMittal and Nunavut Iron Ore has seen five of its old board member resign. The board has also been increased in size from 9 to 11 members.

From Baffinland Iron Mines Corporation 2 Feb 2011