Iron Ore





Macarthur’s $100M Payday Disappears

VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…




Cardero Gets Advance Payment For Pampa De Pongo

VANCOUVER — Cardero Resource (CDU-T, CDY-X) is getting a US$2-million payment for its Pampa de Pongo iron ore project ahead of schedule from Chinese buyer Nanjinzhao. The total purchase price of the …


Chinalco Pumps US$19.5B Into Rio Tinto

China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…


In addition to its US$850-million sale of undeveloped potash assets to Brazil's Vale, Rio Tinto will get US$750 million for its Corumba open-pit iron ore mine (above), in Brazil.

Rio Tinto Sells More Assets To Pare US$37B Debt

Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…




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