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Largest Discovered Iron Ore Deposit

The new deposit in Mato Grosso state of Brazil may be the largest discovered iron ore deposit in the world. It may potentially be greater than Vale SA’s Carajas mine. The state Secretary Pedro Nadaf said that the new deposit may contain 11.5 billion metric tons of ore with 41% iron content.

6 Sep 2010

China Metallurgical Group To Construct Iron Ore Mine in WA

China Metallurgical Group Corp is planning to start construction on an iron ore mine in Western Australia by mid 2012 and start operations by 2015.

From China Metallurgical Group Corporation 6 Sep 2010

Could Mining Companies Decide Australia's Next Government

With the future of the new mining tax lying undecided, Fortescue has started lobbying the Australian Independent candidates. Andrew Forrest the Chief Executive of the Fortescue Metals Group Ltd. has met with some of the key independent MPs who could influence the fate of the mining tax on Thursday.

From Fortescue Metals Group Ltd 3 Sep 2010

Indian State of Karnataka Clamps Down on Illegal Mining

Keeping illegal mining under check is turning out to be the next big challenge for the Indian state of Karnataka. The government is also going to install more checkposts and increate investigative squads to check the illegal mining and exports of iron ore.

2 Sep 2010

IronClad Mining Seeks Native Title Agreement for Proposed Iron Ore Mine in South Australia

IronClad Mining Ltd is hoping to get the native title agreement for a new magnetite mine in South Australia. This is the second of four new mines that expect to begin operations by the end of 2010 in South Australia.

1 Sep 2010

Rio Tinto Green Light Iron Ore Joint Venture in Western Australia

Despite the uncertainly over Australia's proposed super mining tax, based on the hung parliament following the elections held on August 21, Rio Tinto, the world's second largest iron ore exporter has given the green light to their iron ore joint venture with Hope Downs Iron Ore.

31 Aug 2010

New Iron Ore Mine in South Australia Could be the First of Many

IMX Resources has finally opened its Cairn Hill Mine located 55 km south east of Coober Pedy. The South Australian Premier Mike Rann officially opened the mine which is being seen as the first of the next generation of iron ore miners in South Australia this century.

30 Aug 2010

IMX Resources Hope New Mining Tax Will Not Impact Its New Mine

The uncertainty over the new mining tax does not seem to be affecting the opening of a new mine in Southern Australia. The proposed Mineral Resource Rent Tax and its previous avatar have been held responsible for reduced investments in mines and ongoing projects around the country.

27 Aug 2010

South Africa's Biggest Labor Union Calls for a State Mining Company to Invest in Strategic Minerals

The National Union of Mineworkers (NUM) is in favor of a state mining company to invest in strategic minerals such as platinum, uranium, coal, iron ore and manganese.

26 Aug 2010

Xstrata Make Friendly Takeover Bid for Sphere Minerals

Global mining giant Xstrata has launched a friendly takeover bid for Australian-based Sphere Minerals, valuing them at A $428 million. The iron ore prospector Sphere Minerals is active in Mauritania.

26 Aug 2010