The South Australian Government has already given the company approval to begin operations. The Iron Chieftain Mine is located 40 km west of Whyalla.
Atlas Iron, an Australian iron ore producer, with a number of key projects located within 150 km of the port of Port Hedland in Western Australia is closing in on consolidating a deal which would allow it to use one of BHP Billiton's Pilbara railway lines.
Mining company Gogebic Taconite wants to develop an open pit mine for iron ore in north Wisconsin. The project would cost about $1 billion and the company has bought an option to lease the mineral rights on 22,000 acres in Ashland and Iron counties.
Indian steelmaker Adhunik Metaliks said that it had commenced operations at three mines in the Indian state of Orissa despite not having received all regulatory approvals to begin the development of the iron ore deposits in the state. The three mines in question are Tentulidihi, Sanpatholi and Kusunidihi.
Brockman Resources has decided to reject the offer made by the Chinese company Wah Nam International. The iron ore producing company chairman Barry Cusack said that the board of directors would be calling unanimously for share holders to refuse the $930 million offer from the Hong Kong listed company.
CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) has announced new assay results from the extension of diamond drill hole FL10-21 on the Fire Lake North Claim Block from the Company's Fermont Iron Property in northeastern Quebec.
Eagle Plains Resources Ltd. (EPL:TSX-V) and Providence Capital Corp. (TSX-V:PV) have now completed six diamond drill holes for a total footage of 2368.0m.
Mining giant Xstrata is all set to invest $6 billion in three iron ore projects located in Mauritania. The investment of the Zug, Switzerland based mining giant will be made through Sphere Minerals Ltd. The investment will help Mauritania to produce 50 million metric tons of the steel making ingredients annually.
Anglo American has made £589 million from the sale of two steel processing plants. This is part of a series of sales that it is initiating to reduce businesses which are not essential to its growth. The two steel plants sold to the Australian company One Steel are located in Chile and Canada.
BHP Billiton is trying to salvage the situation after its Canadian Potash bid fell through. The Chief Executive Officer Marius Kloppers must be disappointed after this third failed proposition. The first two being related to the hostile bid for Rio Tinto and the following iron ore joint venture with Rio Tinto in the Pilbara region of Australia.
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