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

  • Vale to Expand Operations at Carajas with $2.8 Billion Loan reported that top iron ore producer Vale SA (NYSE:VALE) will expand operations at its mine in Carajas, Brazil. The mine is currently the world's largest iron-ore complex.

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  • BHP Billiton Increases Iron Ore Production, Vies for China Market Share

    Reuters reported that BHP Billiton plans to raise its production of iron ore this year in an attempt to acquire more of the Chinese market for the metal.

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  • Record First Quarter Iron Ore Output for Rio Tinto

    Bloomberg reported that Rio Tinto (NYSE:RIO) has announced record iron ore production for the first quarter of 2014. The increased outputs will add to a rising global surplus, according to Bloomberg.

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  • China Iron Stockpiles Overestimated: Macquarie

    Bloomberg reported that although iron prices have been falling on weak economic growth from China, a report from Macquarie Group Ltd. (ASX:MQG) suggests the metal could be slated for a price rise.

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