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Updated: 36 min 43 sec ago

BHP CEO Defends Iron Ore Strategy

Thu, 2014-10-23 14:30

The CEO of BHP Billion (ASX:BHP) said the company's strategy of high-volume iron ore production is the best way to make a profit in less than desirable market climes.

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Odisha Sees Iron Ore Output Falling 23 Percent

Tue, 2014-10-21 18:48

Odisha, India's largest iron ore producing state, expects production to fall 23 percent to 60 million tonnes due to court shutdowns of mines.

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Champion Iron Partners Up to Advance Rail Feasibility

Tue, 2014-10-21 18:42

Champion Iron Limited (TSX:CIA) announced that the Government of Québec and Lac Otelnuk Mining Ltd., a joint venture between Adriana Resources ("Adriana") and WISCO International Resources Development & Investment Limited, have formed a partnership for the advancement of a feasibility study for a new rail line in the Labrador Trough. The partnership is called "La Société ferroviaire du Nord québécois," or the SFNQ.

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Mexico’s War on Drugs Weighing on Iron-Ore Trade with China

Mon, 2014-10-20 10:53

Mexico's exports of iron ore have dropped as authorities crackdown on iron ore shipments to China which have links to drug cartels.

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Cliffs To Take Billion Dollar Writedown With Iron Ore Fall

Fri, 2014-10-17 14:31

Cliffs Natural Resources, the largest U.S. iron ore producer, has said it expects ti take a writedown of $6 billion as iron ore prices continue to slump on the back of softening demand.

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Northern Iron Enters Investment Agreement

Fri, 2014-10-17 12:12

Northern Iron Corp. (TSXV:NFE,FWB:N8I) has entered an investment agreement with Hong Kong's OMC Investments Ltd..

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Inland China Steel Mills Could Increase Iron Ore Demand

Thu, 2014-10-16 12:57

According to, a report from Nick Pickens of Minerals Value Service stated that inland steel makers in China could have a capacity for up to 300 million tonnes of iron ore demand. Though that supply could also come from longer term agreements or captive mines, there is some possibility that those producers could look to seaborne supply as a competitive alternative, according to Pickens.

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Rio Tinto Looks to Assauge Investors’ Fears Over Iron Ore Prices

Wed, 2014-10-15 12:51

Rio Tinto's chief executive officer spoke to reporters in Sydney on Wednesday as he looked to ease investors' concerns about free falling iron ore prices.

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Ebola Outbreak Hurting West Africa’s Iron Ore Companies

Tue, 2014-10-14 19:15

Low iron ore prices and the recent Ebola outbreak are causing big problems for West African companies focused on the metal. Is there any way for investors to escape unscathed?

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Iron Ore Imports Dropped for China in August

Fri, 2014-10-10 12:31

China's imports of Iron ore dropped this August compared to the previous month, Reuters reported. The decline was due to a slump in demand and growing supply.

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Oceanic Iron Closes Private Placement

Thu, 2014-10-09 18:18

Oceanic Iron Ore (TSXV:FEO,OTCQX:FEOVF) announced it has closed a private placement, raising gross proceeds of $3,049,750. The company had issued 15,248,750 units with each unit consisting of one common share and one share purchase warrant allowing the holder to purchase an additional common share for $0.30 until April 9, 2017.

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Glencore-Rio: “Wrong Deal at the Right Time” says Russell

Thu, 2014-10-09 13:30

In an article for Reuters, Clyde Russell suggested that the proposal recently announced by Glencore (LSE:GLEN) to merge with Rio Tinto (NYSE:RIO) could have some difficulties.

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Rio Tinto Sees Strong Iron Ore Demand

Thu, 2014-10-09 13:18

The Australian reported that Rio Tinto (NYSE:RIO) says it is seeing high demand for its iron ore, in spite of falling prices. The mining giant forecast demand from China to continue, expecting crude steel production to clock in at 1 billion tonnes by 2030.

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Cap-Ex Iron Ore Signs Agreement For Road Access, DSO Exploration

Wed, 2014-10-08 13:01

Cap-Ex Iron Ore (TSXV:CEV) has entered an agreement with Tata Steel Minerals Canada to allow Tata Steel to construct a roadway and conduct DSO exploration on Cap-Ex's 100 percent owned block 103 property.

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Glencore Eyes Rio Tinto Acquisition; Largest Integrated Mining Company Ahead?

Mon, 2014-10-06 19:09

Rumor has it that commodities giant, Glencore is honing in on is next acquisition target: Rio Tinto.

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BHP Billiton Cuts Iron Ore Production Costs, Market Takes a Hit

Mon, 2014-10-06 18:30

BHP Billiton has cut iron ore production costs as it looks to become the lowest cost producer of iron ore in Australia. The news has done little to help the iron ore market.

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Alderon Iron Ore Makes Progress With Kami Project Transmission Line

Thu, 2014-10-02 11:04

Alderon Iron Ore Corp. (TSXV:ADV) gave an update on the construction of a new transmission line that will power its Kami iron ore project as well as other users in the area. Newfoundland and Labrador Hydro have cleared 20 kilometers to prepare for the installation of a third transmission line from Churchill Falls to Labrador West.

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Anglo Secures Operating Permit for Minas-Rio Iron Ore Project

Wed, 2014-10-01 12:30

The Globe and Mail reported that Anglo American Plc (LSE:AAL.OTCMKTS:AAUKY) has obtained an operating license for its $14 billion Minas-Rio iron ore mining project in Brazil.

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Alderon Iron Ore Announces Board Changes

Tue, 2014-09-30 13:13

Alderon Iron Ore (TSX:ADV,MYSE MKT:AXX) announced that since Ms Diana Walters has recently left Liberty Metals and Mining Holdings (LMM), she has resigned from Alderon's board of directors in her capacity as LMM's appointee.

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Clive Palmer Embroiled in Dispute with Citic Pacific

Mon, 2014-09-29 00:35

Australian billionaire Clive Palmer is in a contract dispute with Citic Pacific. The news comes amidst Australia’s ongoing struggle with the iron ore market.

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