Northern Iron Corp.

Re-starting a past producing iron-ore mine and forging a future built on hot briqueted iron

Northern Iron Corp. (NFE.V) is a Canadian junior exploration company publicly traded on the Venture Exchange.  The company is focused on developing high quality iron ore opportunities in the Red Lake Mining Division of Ontario, Canada in order to produce merchant Hot Briquetted Iron (HBI) for the export market.

HBI is a value added ore based metallic product with guaranteed specifications that is used as a  supplement to scrap in the steel making process.

The use of HBI allows steelmakers with Electric Arc Furnaces to produce grades of steel not possible with scrap charges alone.

Iron Ore News

  • 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.

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  • 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.

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  • 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.

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  • 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.

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