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Objective News on Iron ore mining, exploration, and iron industry investing
Updated: 29 min 21 sec ago

India Removes Ban on Iron Ore Mining in Goa, Iron Prices Continue Decline

52 min 4 sec ago

Iron ore prices have lost 16 percent so far this year, and that trend does not look ready to change anytime soon.

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Vale to Expand Operations at Carajas with $2.8 Billion Loan

Thu, 2014-04-17 13:04 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

Wed, 2014-04-16 12:40

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

Tue, 2014-04-15 12:02

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

Thu, 2014-04-10 11:25

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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Kumba and Assore Stocks Bounce Back

Tue, 2014-04-08 14:29

Reuters Africa reported that South African iron ore producers Assore and Kumba have seen their stocks come back with roughly 3.5 percent gains on spiking iron futures.

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Port Hedland Iron Ore Exports to China Rising

Fri, 2014-04-04 18:23

Bloomberg reported today that Australia's Port Hedland reported record iron ore shipments to China last month on the back of signs of increased steel production in the Asian nation.

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Is BHP Billiton Shedding More Assets?

Wed, 2014-04-02 07:30

BHP Billiton (ASX:BHP, NYSE:BBL) is looking to "simplify" its portfolio, potentially spinning-off its non-core assets into a new company.

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BHP Billiton Considering Significant Asset Sales

Tue, 2014-04-01 14:45

The Wall Street Journal reported that BHP Billiton Ltd. (ASX:BHP) signaled it may pursue a new wave of asset sales in order to focus on commodities such as iron ore and petroleum, which make up the lion's share of its earnings.

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Champion Iron, Mamba Minerals Complete Plan of Arrangement

Mon, 2014-03-31 11:59

Champion Iron Mines Ltd. (TSX:CHM) and Mamba Minerals Ltd. (ASX:MAB) announced the completion of an arrangement under which Mamba and subsidiary Champion Exchange will acquire all of Champion Iron Mines' outstanding common shares.

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Steel Industry Clean Up Not Likely to Impact Iron Ore Demand

Mon, 2014-03-31 11:52

Mining Weekly reported on Friday that according to Wood Mackenzie, China's efforts to make its steel industry more environmentally friendly are not likely to have a short-term impact on iron ore demand.

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Alderon Iron Ore Signs Agreement, Receives Permission for Mineral Extraction

Fri, 2014-03-28 11:52

Alderon Iron Ore Corp. (TSX:ADV,NYSEMKT:AXX) announced that The Kami Mine Limited Partnership, an affiliate of Alderon, has signed a Grant-in-lieu of Municipal Taxes Agreement with the Town of Wabush with respect to the development of the Kami iron ore project, located in Western Labrador.

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India’s Iron Imports Down Significantly in 2013-2014

Fri, 2014-03-28 11:41

Business Standard reported that India's iron ore imports have dropped to a five-year low so far in 2013-2014.

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Maiden Indicated Resource for Carpentaria’s Hawsons Totals 215 Million Tonnes

Thu, 2014-03-27 11:04

Carpentaria Exploration Ltd. (ASX:CAP) announced that the maiden indicated resource for its Hawsons iron project sits at 215 million tonnes at 16.2-percent mass recovery. It contains 35 million tonnes of premium-grade magnetite concentrate.

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Sundance Subsidiaries Sign 10-year Offtake Agreement with Noble Resources

Tue, 2014-03-25 15:01

Sundance Resources Ltd. (ASX:SDL) announced that its subsidiaries, Cam Iron SA and Congo Iron SA, have signed a 10-year offtake agreement with Noble Resources International Pte Ltd., a global commodities trader.

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Solid Resources Acquires Cehegin Iron Ore Concessions in Spain

Tue, 2014-03-25 10:41

Solid Resources Ltd. (TSXV:SRW), thru its wholly-owned subsidiary, Solid Mines España, S.A.U., has acquired all of the issued and outstanding shares of Lorente y Pallares, S.L., a private Spanish company that holds all of the rights and interests associated with the Cehegin 62 iron ore concessions in south-eastern Spain. The purchase price for the acquisition was EUR135,000, plus the repayment of mortgage debt in the amount of EUR45,000.

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Using the Baltic Dry Index as a Market Indicator

Mon, 2014-03-24 07:30

The Baltic Dry Index, which assesses the price of moving major raw materials by sea, is a leading market indicator.

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Rinehart’s Roy Hill Iron Ore Project Achieves Funding Record

Fri, 2014-03-21 18:18

Mineweb reported that the West Australia-based Roy Hill iron ore project has been given the largest funding package a land-based mining project has ever received.

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Rio Tinto Uncovers “Huge” Botswana-based Iron Ore Deposits

Thu, 2014-03-20 19:05

Bloomberg reported that according to Charles Siwawa, CEO of the Botswana Chamber of Mines, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) may have found "huge" iron ore deposits in the country.

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Iron in the United States

Thu, 2014-03-20 07:15

The United States is far from being the world's biggest producer of iron ore, but it does have a long history of mining the metal.

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