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Updated: 36 min 40 sec ago

Iberian Minerals Announces OTCQB Listing

Thu, 2014-10-30 15:56

Iberian Minerals (TSXV:IML) will begin trading in the United states on the OTCQB Venture Marketplace. The listing will be effective October 31.

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Vales Posts Loss as Iron Ore Takes Bite out of Revenue

Thu, 2014-10-30 12:55

Vale released results showing that it had lost $1.44 billion prompted by a fall in the price of iron ore, higher production costs and a slumping Brazilian currency.

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Cliffs Natural Resources Releases Third Quarter Results

Tue, 2014-10-28 18:33

Cliffs Natural Resources (NYSE:CLF) announced that it had generated a consolidated revenue of $1.3 billion, a decrease of $248 million from this time next year. The company said the lower revenues were largely because of the dropping mark price of iron ore and a reduction in market pricing for metallurgical coal.

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Champion Iron Limited Announces JORC Resource and Reserve Statement for Fire Lake North

Mon, 2014-10-27 16:32

Champion Iron (TSX:CIA,ASX:CIA) announced that it has an initial Australasian Joint Ore Reserves Committee (JORC) resource and reserve statements for its wholly owned subsidiary Champion Iron Mines' Fire Lake North Project. The report notes a resource of over 1.2 billion tonnes including 755 million tonnes of measured and indicated metallurgically coarse grained hematite mineralisation. The reserve statement estimates totals of 464 million tonnes with an estimated 23 million in the "Proved" category.

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Shares in Hodges Rise 160 Percent After Buying from Rio

Mon, 2014-10-27 13:55

Hodges Resources has acquired a 60 percent right in for a New Zealand iron sands from from Rio Tinto for roughly $4.5 million, sending share prices up 163 percent closing at $2.90.

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Anglo American Ships First Iron Ore from Minas-Rio

Mon, 2014-10-27 12:00

Anglo American says it has delivered the first iron ore shipment of 80,000 metrics tons from its Minas-Rio project in Brazil.

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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 Mining.com, 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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