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…
Iron Ore
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…
Commodities Forecasted To Rebound In 2010
One of the most anticipated and well-attended sessions at the recent Prospectors and Developers Association of Canada convention in Toronto was a presentation on commodities and the market outlook. Af…
Iron grades strong at Northland satellite target
Vancouver – As Northland Resources (NAU-T, NRSRF-O) moves along its Tapuli iron ore project in Sweden the comp…
Adriana Resources says Lac Otelnuk is world-class iron deposit
Adriana Resources (ADI-V) says its Lac Otelnuk iron project in the Labrador Trough of northern Quebec ranks among t…
Forecasters see most commodities rebounding in 2010
One of the most anticipated, and well-attended, sessions in this year’s PDAC convention in Toronto was headlined Co…
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…
MacArthur’s $100-million pay day disappears
Vancouver – It seemed too good to be true and it was: MacArthur Minerals (MMS-V) fell 45% on news that a $100-mil…
Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.
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…