Rio scraps Chinalco deal for iron-ore joint venture with BHP
Rio Tinto (RTP-N, RIO-L) shares surged 10.33% on the London Stock Exchange and 6.23% on the New York Stock Exchange…
Iron Ore
Far West Doubles Santo Domingo’s Size
VANCOUVER — Far West Mining (FWM-T, FWLMF-O) has nearly doubled the size of the Santo Domingo copper-iron project’s resource and announced a breakthrough in iron ore recovery.
Cardero’s Half-Off Sale
VANCOUVER — With a bleak outlook for iron ore markets, Cardero Resource (CDU-T, CDY-X) has announced that it will accept exactly half the original US$200-million sale price for its Pampa de Pongo iro…
Iron Ore: Will Benchmark Pricing Go?
With the growth of spot pricing for iron ore, it looks as if the existing system, based on a benchmark price set by annual negotiations between miners and steelmakers, is coming under increasing press…
Iron Ore’s Cautious Evolution
Iron ore was in the spotlight during the 19th trading week of the year, from esoteric new hedging opportunities to derailed grassroots iron ore deals.
UPDATE: Cardero sells Pampa de Pongo for half price
Vancouver – With a bleak outlook for iron ore markets Cardero Resource (CDU-T, CDY-X) president and CEO Henk van Al…
Chinese firm demands bargain on Cardero’s Pampa de Pongo
Vancouver – After missing a May 17 payment to Cardero Resources (CDU-T, CDY-X) for the Pampa de Pongo iron-ore pr…
Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.
Northland Confirms Historic Grades At Tapuli Satellite Target
VANCOUVER– Even as Northland Resources (NAU-T, NRSRF-O) moves along its Tapuli iron ore project in Sweden, the company continues to confirm good iron grades at the nearby Pellivuoma target.
Baffinland reports positive iron feed test from steelmakers
Baffinland Iron Mines (BIM-T) reported test results of a fine iron ore trial batch from large German steelmaker Thy…
Cons. Thompson Gets Chinese Partner
VANCOUVER — Consolidated Thompson Iron Mines (CLM-T) has found itself a partner to develop and run the Bloom Lake iron mine in eastern Quebec.
Consolidated Thompson gets US$240 million and Chinese partner for Bloom Lake
Vancouver – Consolidated Thompson Iron Mines (CLM-T) has found itself a partner to develop and run the Bloom Lake i…