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Cliffs Natural Resources Releases Third Quarter Results
Cliffs Natural Resources (NYSE:CLF) announced that it had generated a consolidated revenue of $1.3 billion, a decrease of $248 million from this time next year. The company said the lower revenues were largely because of the dropping mark price of iron ore and a reduction in market pricing for metallurgical coal.Continue reading...
Champion Iron Limited Announces JORC Resource and Reserve Statement for Fire Lake North
Champion Iron (TSX:CIA,ASX:CIA) announced that it has an initial Australasian Joint Ore Reserves Committee (JORC) resource and reserve statements for its wholly owned subsidiary Champion Iron Mines' Fire Lake North Project. The report notes a resource of over 1.2 billion tonnes including 755 million tonnes of measured and indicated metallurgically coarse grained hematite mineralisation. The reserve statement estimates totals of 464 million tonnes with an estimated 23 million in the "Proved" category.Continue reading...
Shares in Hodges Rise 160 Percent After Buying from Rio
Hodges Resources has acquired a 60 percent right in for a New Zealand iron sands from from Rio Tinto for roughly $4.5 million, sending share prices up 163 percent closing at $2.90.Continue reading...
Anglo American Ships First Iron Ore from Minas-Rio
Anglo American says it has delivered the first iron ore shipment of 80,000 metrics tons from its Minas-Rio project in Brazil.Continue reading...
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