October 26, 2011

Advanced Explorations Inc. reports 63.85% iron discovery at Tuktu project

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2011) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) today announces the first set of assay results from the 2011 geophysical prospecting program…

October 26, 2011

China steel mill destocking hurting iron ore prices – Fortescue

Fortescue's CEO, Nev Power, told a media conference on Wednesday that iron ore prices will continue to plummet as long as Chinese steel mills continue destocking inventories. Iron ore prices…

October 26, 2011

Fortescue secures $1.5bn for expansion

The company said Wednesday it has raised $1.5 billion worth of senior unsecured notes which will pay 8.25% per annum, to help fund its infrastructure expansion. (Reuters) - Fortescue Metals…

October 26, 2011

Iron ore falls as China cuts steel production

The price of iron ore in the spot market plummeted on Tuesday to the lowest level since July 2010, dropping a hefty 7.2%

October 26, 2011

China iron ore destocking could take months-Fortescue

Global iron ore prices, down nearly 30 percent since early September, could take months to recover as Chinese steel mills work off inventories, Australian miner Fortescue Metals Group said on…

October 25, 2011

Canadian iron ore project advancing

An iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward. Alderon Iron Ore Corp. (TSE:ADV) announced today it has…

October 25, 2011

Significant Federal Government milestone achieved for Lincoln Minerals’ proposed Gum Flat iron ore mine on SA’s Eyre Peninsula

Lincoln Minerals Limited (ASX Code: LML) is pleased to advise that it has recently received the decision from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities that the…

October 25, 2011

Arcelor dumps dearer Macarthur on Peabody

Reuters reports ArcelorMittal has pulled out of its joint $5 billion bid with US giant Peabody Energy for Australian coking coal miner Macarthur, just days after the target's top shareholder…

October 25, 2011

FairStar to spend $300 million to build mining operations at its Steeple Hill iron ore project

FairStar Resources (ASX:FAS) will spend $300 million to build a a mining operation at its Steeple Hill iron ore project in Western Australia. The company, which made the announcement on…

October 25, 2011

BlackRock sees opportunities in “oversold” mining equities

The asset manager sees big opportunities in oversold mining equities, as "valuations are at very low levels" and predicts the recent fall in iron ore prices could lead to drop…