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Casablanca Capital Wins Battle for Cliffs Natural Resources

Wed, 2014-07-30 16:15

At Cliffs Natural Resources' annual general meeting, held yesterday, six of Casablanca Capital's nominees were elected to the board of directors. The so-called activist investor plans to make Lourenco Goncalves, one of the nominees, CEO of Cliffs.

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Casablanca Capital Claiming Victory in Cliffs Natural Resources Dispute

Wed, 2014-07-30 15:06

Mineweb reported today that fund manager Casablanca Capital has stated that its six nominees have been elected to the board of directors of Cliffs Natural Resources. Casablanca has been locked in a battle with Cliffs for some time, citing cost overruns and accusing the company of destruction of shareholder value.

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Alderon Iron Ore Enters Off-take Agreement with Glencore

Tue, 2014-07-29 12:29

Alderon Iron Ore Corp. (TSX:ADV,NYSE MKT:AXX) announced that its affiliate, the Kami Mine Limited Partnership, has entered into an off-take agreement with a subsidiary of Glencore plc (LSE:GLEN). Under the terms of the agreement, Glencore will acquire all production from the Kami Project that has not been allocated to Hebei Iron and Steel Group (SHE:000709).

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Big 3 Iron Miners Keeping Up Volume, Price Balancing Act

Mon, 2014-07-28 12:18

Reuters columnist Clyde Russell wrote today that iron ore miners BHP Billiton (NYSE:BHP) Rio Tinto (NYSE:RIO) and Vale (NYSE:VALE) are bent on keeping their dominant position in the market by increasing low cost production. The strategy will depend on whether demand from China will continue to support prices, according to the author.

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Vale Reports Best Iron Ore Production Performance Ever For Q2

Fri, 2014-07-25 13:27

Mineweb reported today that Vale (NYSE:VALE) has reported its strongest ever iron ore production for the second quarter of 2014. Operational performance was bolstered by good weather and plant ramp-ups, according to Mineweb.

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Rio Tinto’s New Iron Mine To Overtake BHP’s Mt Whaleback as Largest in Australia

Thu, 2014-07-24 19:07

Iron ore prices may be down, but that hasn't stopped Rio Tinto (NYSE:RIO) from making plans for the biggest iron ore mine in Western Australia's Pilbara region. According to Mining Australia, the new pit at it's Yandicoogina operation could produce 70 million tonnes per year.

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India Not Planning to Restrict Exports of Iron Ore

Tue, 2014-07-22 11:56

The Deccan Chronicle Reported that although India is attempting to curb illegal money, the country will not restrict its exports of iron ore. According to the Chronicle, Minister of State for Steel Vishnu Deo Sai has stated that the country will still have enough ore to supply domestic steelmakers.

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Indonesia Resumes Export of Some Metal Ore Concentrates

Mon, 2014-07-21 12:23

Mineweb reported today that shipments of iron ore, lead, and zinc have left Indonesia following the implementation of a mineral export ban from the country in January. Two firms, Sebuku Iron Lateritic Ores and Lumbung Mineral Sentosa, agreed to pay a controversial 20 percent export tax, according to Mineweb.

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Long Term Iron Price Will Be $110 a Ton, Vale CEO

Fri, 2014-07-18 12:25

Bloomberg reported this week that Vale CEO, Murilo Ferreira sees iron ore prices coming back up to $110 a pound on growing demand from China. Together with fellow major miners like Rio Tinto (NYSE:RIO), Vale is upping its mine production on the belief that higher volumes will balance lower prices, according to Bloomberg.

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Fortescue Metals Forecasts Hike in Iron Ore Shipments

Wed, 2014-07-16 12:57

The Wall Street Journal reported today that Australia's Fortescue Metals Group (ASX:FMG) will increase its iron ore shipments by up to 29 percent over the coming year. The company hopes to bring down costs as it increases production, according to the Journal.

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Investors Buying Vale Bonds on Speculation of Iron Ore Price Rebound

Mon, 2014-07-14 15:01

Bloomberg reported on Sunday that investors have been buying bonds sold by Vale SA (NYSE:VALE) on the back of news that iron ore prices may soon be on the rise again. Vale's stock price has gone up 8.4 percent since June 16, according to Bloomberg.

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JSW Steel to Raise Iron Ore Imports From Zero to Six Million Tonnes

Wed, 2014-07-09 17:12

Reuters reported today that India's JSW Steel (NSE:JSWSTEEL) plans to import six million tonnes of iron ore this fiscal year. Last year, the steel giant imported almost no iron ore as a result of production cutbacks

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Century Iron Mines (TSX:FER) CEO Sandy Chim Sees a Healthy Long Term Outlook for Iron Ore

Wed, 2014-07-09 16:57

Iron Investing News had the chance to speak with Century Iron Mines (TSX:FER) CEO Sandy Chim last month. In this video, the CEO talks about Century Iron's activities, the future of the iron market, and important factors for investors to consider when looking at iron ore companies.

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Century Iron Mines Corporation CEO Sandy Chim (TSX:FER)

Tue, 2014-07-08 09:00

Century Iron Mines Corporation (TSX:FER) CEO Sandy Chim talked to Resource Investing News about its flagship project - Joyce Lake - in Quebec. Investors can expect a Bankable Feasibility Study in the first quarter of 2015.

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China’s Iron Ore Production May Fall Less than Forecast, Goldman

Mon, 2014-07-07 12:42

Bloomberg reported today that Goldman Sachs has softened its outlook in terms of the extent to which China will cut its iron ore production.

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Financial Flexibility Could Be a Saving Grace for Iron Miners, S&P Credit Analysts

Fri, 2014-07-04 11:23

Mineweb today drew attention to observations from Standard & Poor’s Ratings Services that iron ore prices could hurt some iron miners if they end up staying at $90 a ton for 2015. S&P analysts said that although larger companies would likely be able to adapt while some smaller, more iron focus companies might be put at a greater risk, either might just be able to weather the storm with good management and financial strategies.

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Labrador Iron Mines Won’t Restart Mine Operations at James Deposit in 2014

Thu, 2014-07-03 20:00

Iron ore prices have fallen 30 percent so far in 2014, and that drop means some iron-focused companies have their work cut out for them.

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Port Hedland Iron Ore Shipments Drop from Last Month High

Thu, 2014-07-03 14:38

Bloomberg reported today that exports of iron ore from Australia's Port Hedland to China declined last month. Though export numbers had previously hit an all time high, demand from China has fallen due to high domestic stockpiles.

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Black Iron Inc. (TSX:BKI) VP Corporate Development Aaron Wolfe Talks Iron in the Ukraine

Thu, 2014-07-03 13:49

Black Iron Inc. VP Corporate Development Aaron Wolfe (TSX:BKI) spoke to Resource Investing News about the Shymanivske Project located in Krivyi Rih, Ukraine.

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Rio Tinto Makes Sale of Rare Pilbara Blend Iron Ore

Wed, 2014-07-02 18:00

Platts reported today that Rio Tinto (NYSE:RIO) has sold a rare shipment of iron ore via a spot tender. This is the first time that Rio Tinto has sold iron through a spot tender, Platts reported.

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