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The Panic Down Under: Australia’s Increasingly Uneasy Relationship with Iron

Wed, 2014-11-26 17:00

Iron ore prices are down 50 percent since January and continue to slump. Iron Investing News takes a look at the metal's close ties to Australia and how further price drops could impact the country.

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Iron Ore Drops Below USD $70 Per Ton for First Time in Five Years

Wed, 2014-11-26 11:57

The price of iron ore has slipped below USD $70 per ton for the first time in more than five years as a weakening Chinese demand for iron looks set to take hold.

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BHP Billiton Says Era of Free-Spending Iron Companies is Over

Thu, 2014-11-20 15:40

BHP Billiton says the era of iron ore freely spending money on projects is over as companies try to deal with the fallout of iron ore prices.

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Chinabank to Provide US$8-million Loan for TVI’s Philippine Affiliate

Thu, 2014-11-20 12:03

TVI Pacific Incorporated (TSX:TVI,OTCQX:TVIPF) and its affiliate received a US$8-million term loan from the China Banking Corporation to support operations and exploration work at the Agata project located in Northern Mindanao, the Philippines.

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Cliffs Natural Resources Looks at Closing Bloom Lake

Wed, 2014-11-19 14:20

The chief executive officer of Cliffs Natural Resources announced on Wednesday morning that the company is looking at closing its Bloom Lake project in Eastern Canada, sparking a slump in share price.

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Centaurus Inches Forward

Tue, 2014-11-18 18:38

Centaurus Metals (ASX:CTM) continued inching out of survival mode by announcing the addition of an iron ore exploration deal adjacent to its existing Candonga DSO project in Minas Gerias State, Brazil.

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Alderon Iron Ore Named 2014 Developer of the Year

Tue, 2014-11-18 12:36

Alderon Iron Ore Corp (TSX:ADV) has received the 2014 Developer of the Year award from the Canadian Institute of Mining, Metallurgy and Petroleum, Newfoundland Branch.

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Iberian Minerals’ $275,000 Non-Convertible Secured Debentures Now Closed

Mon, 2014-11-17 12:50

Iberian Minerals Ltd. (TSXV:IML,OTCQB:SLDRF) closed its non-convertible secured debentures in the principal amount of CDN $275,000, which was previously announced on November 5, 2014, subject to final approval of the TSX Venture Exchange.

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Iron Ore Mine Closures Could Create $70 Bottom, says ANZ

Thu, 2014-11-13 13:51

The Australia and New Zealand Banking Group has come out warning that iron ore mine shutdowns in China could help prices fall to $70 a metric ton.

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Alderon Iron Ore Appoints Two Hebei Directors to Board

Thu, 2014-11-13 13:39

Alderon Iron Ore (TSX:ADV,NYSE MKT:AXX) has appointed Liu Jian, chairman and general manager of Hebei Iron and Steel Group and Wang Jinhui, president of HBIS International Holding to its board of directors.

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As Iron Ore Price Collapse Progresses, How Did It Happen?

Mon, 2014-11-10 12:37

As the spot price of iron ore continues to drop, how are companies managing to stay sustainable in the market?

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Vale Says Global Iron Ore Oversupply Won’t Be Norm

Fri, 2014-11-07 11:21

Vale SA says iron ore prices of $90 to $100 a metric ton are sustainable over the long term and the oversupply currently seen won't last forever.

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Iberian Minerals Announces $275,000 Financing

Wed, 2014-11-05 12:12

Iberian Minerals (TSXV:IML) is proposing a debt offering of secured non-convertible debentures of the company. The offering will raise gross proceeds of up to C$270,000.

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Iron Drops to Lowest Price in 5 Years as China Demand Dwindles

Wed, 2014-11-05 11:24

Iron ore declined to its lowest level since 2009 as China ordered some of its steel mills to reduce production.

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African Minerals Looks to Blend Iron Ore and Beat a Stagnant Market

Mon, 2014-11-03 17:50

African Minerals announced plans to blend its iron ore with that of Timis in a move aimed at producing a higher grade of iron. The companies also hope to become more competitive in the European steel industry.

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African Minerals Looks to Europe with Iron Ore Deal

Mon, 2014-11-03 12:01

African Minerals is looking at blending its iron ore with products from another mine in Sierra Leone to produce higher grade iron ore to sell in Europe.

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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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