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Ironing Out The Issues

Thursday, January 21, 2010

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The pricing of iron ore, between mining giants and China, is escalating into a high stakes game. Who stands to benefit? Canadian iron-mining companies, especially producers from Quebec and Labrador. Already, 2010 is looking good.

India’s Iron Fist Thumps In Canada

Wednesday, November 11, 2009

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In a bid to ensure adequate supply to Corus' European plants, India's Tata Steel has signed an C$ 300 million agreement with New Millennium Capital Corp of Canada. Another $5 billion is to be invested in Vietnam.

China & Its Shenanigans

Wednesday, October 21, 2009

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China, the world's biggest steel producer, is flexing its muscles again, eager to replace the benchmark arrangement price for iron ore imports with one that will give it a bigger say. No fear though. BHP, Rio Tinto and Consolidated Thompson are equally adept at sabre rattling.

Baosteel To Edge Out Xstrata in Anglo American?

Monday, October 5, 2009

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The opposition to Xstrata's proposal for a nil-premium merger, which would create a company worth £40 billion, is gathering steam. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30% stake in Anglo American's (AAL.L) Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help Anglo fend off suitor Xstrata (XTA.L), which last week was told to make a formal bid for Anglo by October 20, or walk away for six months.

Is iron ore becoming speculative investment target

Fri, Feb 5, 2010

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The istockanalyst analyses if iron ore is becoming speculative investment target:

Burwill to invest $100 m to increase China mine output

Thu, Feb 4, 2010

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Hong Kong's Burwill Holdings (0024.HK) reported that the company plans to invest $100 million to quadruple its iron concentrate output using ore from a mine it is buying in eastern China's Shandong province.

Cardero Updates Project Development Plan

Tue, Feb 2, 2010

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Cardero Resource Corp. (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) updated on company's corporate strategy and key mineral projects following the recently completed sale of the Pampa de Pongo Iron Deposit in Peru for total gross proceeds of USD 100 million.

Macarthur Minerals Limited: 2010 Activity

Mon, Feb 1, 2010

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Macarthur Minerals Limited (TSX VENTURE:MMS) reported that the company's 2010 field activities have commenced at its 100% owned Lake Giles Iron Ore project located in the Southern Yilgarn Iron Ore Province in Western Australia.

BHP approves $1.93 bln for iron ore development

Fri, Jan 29, 2010

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BHP Billiton Ltd (BHP.AX), the world's biggest miner, reported that the company has approved $1.93 billion of capital expenditure to expedite growth of its Western Australia iron ore business, reflecting continued strong demand for the commodity.

Freewest updates on Cliffs Natural Resources arrangement

Wed, Jan 27, 2010

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Freewest Resources Canada Inc. (TSX VENTURE:FWR) reported that the company obtained a final order from the Ontario Superior Court of Justice in respect of its previously-announced Arrangement with Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF).

Russia Metalloinvest in IPO talks with banks

Tue, Jan 26, 2010

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Metalloinvest, Russia's largest iron ore miner, is reported to be in talks with banks over a possible initial public offering of its shares.

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