iron Mining News

Rinehart would pass government test for media ownership

Mining magnate Gina Rinehart would pass a proposed public interest test for ownership of media outlets according to the Australia government's Communications Minister Stephen Conroy.

Northern Iron surges as Indians fatten offer

Shares in Australia's Northern Iron (ASX:NFE) surged by around 38% in Tuesday trading, on news that India's Aditya Birla Group had increased its takeover offer by 4%, bringing the bid to USD$532 Million.

Calls for fundamental reform of Australian mining tax

One of Australia's leading intellectuals and a former adviser to the country's incumbent Labor Party has called for far-reaching reforms to the resource giant's mining tax and GST.

Australia's former China ambassador concedes errors in Rio Tinto's actions

Geoff Raby, Australia's former ambassador to China, has conceded that mining giant Rio Tinto (NYSE:RIO) committed errors in the lead up to a Chinese bribery scandal several years ago that strained relations between the two countries.

Jupiter Mines announces $125 million capital raising to support manganese and iron ore ops.

Jupiter Mines, headed by former BHP Billiton chief Brian Gilbertson, has announced plans to raise AUD$125 million for the expansion of South African and Western Australian resource projects.

Fortescue Metals posts record iron ore output amidst surging debt

Fortescue Metals (ASX:FMG) has posted a record-breaking 17.8 million tonnes of output for the June quarter, representing a rise of 42%, while its debt volume has also surged, swelling by a billion dollars to hit the USD9 billion mark.

BHP Billiton logs record performances for past fiscal year

BHP Billiton (ASE:BHP) has logged a remarkable performance over the past twelve months, with the release of its production report for the year ended 30 June 2012 indicating that the diversified mining giant achieved record results across a broad gamut of operations, and maintained its record-breaking run in iron ore output.

Cardero maintains it followed best business practices regarding acquisition of the Sheini Hills iron ore project, Ghana

Cardero works with RCMP and begins private investigation after allegations that it used improper business practices to secure iron ore concessions in Ghana.

Rio Tinto gets the early go-ahead for Richards Bay purchase

A Competition Tribunal is set to rule this Tuesday on Rio Tinto's hopeful acquisition of Richards Bay Mining from BHP Biliton.

Myanmar: what investors need to know

American based sanctions removed, over $2 billion invested and host to the South Asian Games.

Millrock and Vale enter option agreement concerning the AUDN copper-gold Porphyry project, Alaska

Vale is providing funding to Millrock for research and exploration along the Alaska Peninsula porphyry belts. Vale may earn 65% interest by expending US$3.5 million for exploration on the project over a three-year period.

First Point begins field exploration on its 100%-owned properties in British Columbia and Yukon in preparation for drilling

The Klow project in central British Columbia is1,800-metre drilling campaign that is expected to get underway towards the end of June.

Jet Gold grants stock options

500,000 incentive stock options have been granted to directors, officers and consultants at an exercise price of $0.15 for a period of 2 years in accordance with Jet Gold's stock option plan.

Rio Tinto unit charged in Canada for 2010 death

Representatives of Rio Tinto’s Iron Ore Company of Canada (IOC), the country’s biggest producer of the steel-making ingredient, appeared in court yesterday as it is facing five charges related to a fatal accident in 2010.

African Iron shareholders back $338m takeover

African Iron's board has recommended shareholders accept a $338 million takeover offer from Exxaro first announced on Jan. 11, The Australian reports:

Legend Mining iron hits point to large potential of Ngovayang Project in Cameroon

Legend Mining ( ASX: LEG ) has returned more wide iron intersections after completing a seven hole drilling program at the Melombo West target within the Ngovayang Project in Cameroon, indicating the large scale potential of the project. The best

Carpentaria Exploration Limited announce a $3.5 million budget to boost exploration projects

Carpentaria Exploration Limited today announces a plus A$3.5 million budget for greenfields exploration in the 2011/12 financial year, continuing its aggressive exploration programs across eastern Australia

Goldrea Enters Into an Agreement to Purchase Wigwam Magnetite Prospect

Larry W. Reaugh, President & C.E.O. of Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") is pleased to report the company has entered into an agreement to purchase 100% (subject to a 2% NSR) of the WigWam Magnetite, Iron, Titanium, Vanadium and Silver Project (1237 hectares/3056.8 Acres), located at WigWam Bay, 8 Kilometers southwest of the head of Seymour Inlet, British Columbia from John Thom Shearer of Coquitlam, B.C.

Mikhailovsky GOK launched a unique production

Mikhailovsky GOK launched the unique product for Russian market – hematite concentrate. The new technology is based on the flotation plant usage and suggests processing of the current output tails. Due to it the amount […]

ABB wins Rio Tinto contract

ABB has been awarded a $5.9 million substation upgrade contract by Hamersley Iron. The substation is located at the Paraburdoo iron ore mine in the Pilbara region of Western Australia. The upgrade will enable a new […]

Rio Tinto attacks Chinese steelmakers over iron ore contract tactics

LONDON (Thomson Financial) – Rio Tinto Plc. has hit back at Chinese steelmakers over increasingly aggressive negotiating tactics, after the China Iron & Steel Association called for its members to boycott the mining group's sales […]

Atlas Iron awards Pardoo mining contract

Atlas Iron Limited (ASX CODE: AGO) is planning to commence operations and export of iron ore in October this year from its Pardoo Project located 75 kilometres east of Port Hedland in the Pilbara of […]

Vale to spend US$4.4 billion on iron ore expansion in 2008

Mining Journal (May 13, 2008) - Cia Vale do Rio Doce (Vale), the world`s biggest iron ore producer, is due to invest US$4.4 billion this year to expand its iron ore business and boost output by 50% by 2013, the company said.

Brazil to double iron ore output

Iron ore rival Brazil has challenged Australia, unveiling a $US27 billion plan to nearly double production of the steel-making ingredient amid surging Chinese demand.

Metso to supply iron ore induration machine to Essar Steel Ltd in India

Metso Corporation: Press release on May 14, 2008 at 2.00 p.m. local time Metso Minerals will supply an iron ore induration machine to Global Supplies Ltd., a member of the Essar Group. The machine will […]