Cliffs to take major hit in Q4
Two years ago when Cliffs Natural Resources (CLF-N) acquired Consolidated Thompson Iron Mines for US$4.97 billion, many critics argued the Cleveland-based company had overpaid.
Iron Ore
Commentary: Is iron ore rally overdone?
Spot prices for iron ore fines delivered to China touched a three-year low of US$87 per tonne in September 2012, before rebounding to US$119 per tonne in December and to the US$158- to US$160-per-tonne level of recent days. The question is:…
Alderon on track for iron ore production at Kami
Vancouver-based Alderon Iron Ore (ADV-T, AXX-X) has passed another milestone in a quest to put its Kamistiatusset (Kami) iron ore project in western Labrador into production by the end of 2015. On Jan. 9, the company announced the results of a…
Is the iron ore rally overdone?
Spot prices for iron ore fines delivered to China touched a three-year low in September 2012 of US$87 per tonne before rebounding to US$119 per tonne in December and to the US$158-US$160 per-tonne level of recent days. The question is, where…
Alderon remains on track for iron ore production at Kami
VANCOUVER — Vancouver-based Alderon Iron Ore (ADV-T, AXX-X) has passed another major milestone in a quest to put its Kamistiatusset (Kami) iron ore project in western Labrador into production by the end of 2015. On Jan. 9, the company…
Superior Copper revisits the old Coppercorp mine
Superior Copper (SPC-V) is hoping to find a new mine beside an old one as it gears up for another round of drilling on its flagship Batchawana copper property.
Anglo American, Cliffs exit Amapa
Miners shed more non-core assets in the new year to help free-up capital, with Anglo American (AAL-L, AAUKY-Q) and Cliffs Natural Resources (CLF-N) selling their stakes in the Amapa iron ore operation in northern Brazil.
Superior Copper revisits the old Coppercorp mine
SAULT STE. MARIE, ONT. — Superior Copper (SPC-V) is hoping to find a new mine beside an old one as it gears up for another round of drilling on its flagship Batchawana copper property.
The tipping point for iron ore
Spot iron ore prices in September 2012 touched a three-year low of US$87 per tonne before rallying to US$120 per tonne in the closing months of the year. The question is where will prices move from here?
Consol Energy sells coal assets in Canada
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada last month for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported today.
ArcelorMittal sells 15% stake in Canadian unit to Asian group
With demand for steel in Europe tumbling about 8% in 2012 and a cumulative 29% since 2007, Luxembourg-based steel maker ArcelorMittal (MT-N) has decided to sell a 15% stake in ArcelorMittal Mines Canada to an Asian consortium including South…
ArcelorMittal sells Canadian stake to Asian consortium
With demand for steel in Europe tumbling about 8% in 2012 and a cumulative 29% since 2007, Luxembourg-based steel maker ArcelorMittal (MT-N) has decided to sell a 15% stake in ArcelorMittal Mines Canada to an Asian consortium — including…