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Xstrata to Export Magnetite from Ernest Henry

Xstrata plans to be the first company in Queensland to export magnetite concentrate. The product which is used in steel making will be processed in the brand new magnetite base plant at Xstrata’s Ernest Henry mine located near Cloncurry.

2 Feb 2011

New World Development to Spin-Off Iron Ore Business

New World Development, a Hong Kong based property developer, is planning to spin-off a Chinese iron ore mining business. The new company will be majority owned by its own infrastructure unit NWS Holdings through a listing on the Hong Kong stock exchange.

1 Feb 2011

Safety Shakedown for US Mining Industry

The US mining industry can expect a bit of a shakedown as the mining regulatory agency proposes a new rule that will help to close down mines with health and safety violations faster.

1 Feb 2011

Arcelormittal and Nunavut Iron Ore Acquisition Take-Up Additional Shares of Baffinland Iron Mines

ArcelorMittal and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 8,410,670 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 of Baffinland.

1 Feb 2011

POSCO Makes New Deals in Mozambique, Cameroon, Zimbabwe and Republic of Congo

POSCO, The Pohang Iron and Steel Company, (KRX: 005490) (NYSE: PKX) (TYO: 5412 ) (LSE: PIDD), based in Pohang, South Korea, is taking on African partners to help push forth its development of natural resources in the region.

31 Jan 2011

Radar Iron Finds a Potential 5.3 Billion Tonnes of Magnetite

Radar Iron Ltd (ASX: RAD) listed on the Australian Securities Exchange six weeks ago and it is already looking at a 5.3 billion tonne magnetite prospect.

31 Jan 2011

Weather Affects Vale's Shipments in Australia and Brazil

The rains in Australia and Brazil have played havoc with shipments for mining giant Vale with 600,000 tonnes of iron ore being delayed from Brazil and 500,000 tonnes of coal being delayed from Australia.

From Vale 30 Jan 2011

Kumba Iron Ore to Fight Government Decision on Sishen Mine

Kumba Iron Ore is to fight the South African government decision to reject its mining bid for the Sishen mine. The Department of Mineral Resources called the bid premature and irregular. However company officials at Kumba Iron say that these are unsubstantiated allegations.

From Anglo American South Africa 30 Jan 2011

Peru Looks to Increase Mining Taxes

In Peru the presidential candidate Alejandro Toledo said that the mining companies need to give more of the revenue they generate to support the nation’s social programs.

30 Jan 2011