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

  • China Industry Official Sees Iron Staying at $80

    According to Reuters, Li Xinchuang, deputy secretary general of the China Iron and Steel Association, sees iron ore prices hovering around $80 per tonne, calling for slowing growth from China's steel sector. The official saw China steadily producing 800 million tonnes of crude steel per year for the next ten years, putting a limit on its need for iron.

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  • Fortescue Metals Sees Iron Ore Demand Increasing on China Urbanization

    According to Bloomberg, Fortescue Metals Group (ASX:FMG) chairman Andrew Forrest believes that long term iron ore demand is set to rise on the back of widespread urbanization in China.

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  • Labrador Iron Mines Holdings Reports Positive Drill Results from Howse Deposit

    Labrador Iron Mines (TSX:LIM) has reported results from its exploration program at the Howse Deposit this summer. The deposit is held in joint venture with Tata Steel Minerals Canada.

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  • BHP Billiton Could Cut More Jobs in Western Australia

    The AAP reported that, although BHP Billiton (NYSE:BHP) hasn't confirmed that it has already let more of its staff go, the miner has said that it does plan to make some staff at its Nelson Point operations redundant in coming months.

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