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Northland Resources Gets Exploitation Privilege for Sahavaara Magnetite Deposit

Northland Resources S.A. (TSX:NAU)(FRANKFURT:NBS)(OSLO:NAUR) has announced today it received from the Mining Inspectorate of Sweden the exploitation concession for the Sahavaara magnetite deposit.

29 Oct 2010

Cliffs Natural Resources Misses Q3 Estimates, Profits Still Soar

Cliff Natural Resources (NYSE:CLF) has cut its full year coal sales forecast and missed the third quarter profit that analysts had estimated. However that does not mean that the company is not doing well. The Cleveland based company is the largest producer of iron ore in North America.

From Cleveland-Cliffs Inc 29 Oct 2010

Iron Ore Drives Record Profits for Vale

A rise in demand for iron ore along with a new price regime brings the world's second-largest mining company Vale record profits and revenue in the third quarter for 2010.

From Vale 29 Oct 2010

Southern Hemisphere Mining Secures A$20 Million for Exploration at South American Copper-Gold Projects

Southern Hemisphere Mining Limited (TSX VENTURE:SH)(ASX:SUH) has announced that it has arranged a A$20 million share placement to underpin a significant new phase of exploration across its portfolio of copper and copper-gold projects in South America as well as initial testing of a newly acquired iron sands project.

From Southern Hemisphere Mining Limited 28 Oct 2010

Xstrata Targets Sphere Minerals

Xstrata may make an unconditional offer for Sphere Minerals Ltd (ASX:SPH) at $428 million if it manages to gain a 50% stake in the company as per Xstrata Coal chief executive Peter Freyberg.

28 Oct 2010

Rogue Resources Begins Drilling to Test Iron Potential at Radio Hill Iron Project, Ontario

Rogue Resources Inc. (TSX VENTURE:RRS) has announced the start of diamond drill program to test the iron potential on its wholly-owned Radio Hill Iron-Ore project, located 80 km southwest of Timmins, Ontario.

27 Oct 2010

Iron Glen Holdings Intersects Magnetite Resources at Iron Ore Tenement in Queensland

Queensland based explorer Iron Glen Holdings Limited has announced that the initial drilling program of its Iron Ore tenement, located in Townsville, Queensland, has successfully delineated a Magnetite resource.

26 Oct 2010

Tom Albanese Confident on Mining Tax Resolution

Tom Albanese Chief Executive Officer of Rio Tinto said that the company was confident that the Australian mine tax issue would be resolved soon. He expects the government's transition committee to put the finishing touches to the proposed mining tax and work through any remaining disagreements.

From Rio Tinto plc 25 Oct 2010

Indian Iron Ore Exports Drop by 47%

Iron ore exports in India saw the sharpest monthly drop that they have had in 2 years in September as exports dropped by 47%. India shipped 3.02 million tonnes of iron ore in September 2010 as compared to 5.7 million tonnes in September 2009.

22 Oct 2010

Moly Mines Enters Iron Ore Sales Agreement with Hanlong Metals

Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that it has today in Chengdu, China, executed an iron ore sales agreement for 100% of its production from the Spinifex Ridge Iron Ore Project with Hanlong Metals Limited, an entity associated with Hanlong Mining Investment Pty Ltd.

From Moly Mines Limited 21 Oct 2010