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Brazil's Mineracao Usiminas Signs Iron Ore Mining Lease with MBL for 30 Years

Mineracao Usiminas, the iron-ore unit of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA has leased mining rights from MBL Materiais Basicos. Mineracao Usiminas has also compiled an iron ore stockpile that will let it meet its iron ore production target.

17 Jul 2011

Fortescue Ponders Hong Kong, Shanghai Listings

The Fortescue Metals Group is now considering a listing on the Hong Kong or Shanghai stock exchanges as per its Chief Executive officer Andrew Forrest. The third largest iron ore mining firm in Australia has decided that it would be the best way to cement ties with steel mills in China.

From Fortescue Metals Group Ltd 17 Jul 2011

Advanced Explorations Reports First Drilling Results from Tuktu Iron Project

Advanced Explorations (AEI) has reported the preliminary drilling results from its Tuktu iron project, which is situated in Nunavut, Canada.

16 Jul 2011

Beaufield Resources Begins Summer Field Program at Schefferville Iron Exploration

Beaufield Resources has started a summer field program at its Schefferville Iron property, Quebec. Funds of around $1,500,000 have been allotted to perform a wide soil sampling, prospecting and drilling program at the property.

14 Jul 2011

Zone Resources Signs Diamond Drilling Contract for Labrador Trough Iron Properties

Zone Resources has entered into a diamond drilling contract to conduct drilling at its Nunavik district, Northern Quebec-based Labrador Trough iron properties.

13 Jul 2011

Australian Miners Will Lose Competitive Edge: Gina Rinehart

Gina Rinehart said that the international competitiveness of Australia would be impaired by the proposed mining and carbon taxes. The iron ore heiress was speaking on the sidelines of the Boao Forum for Asia business conference in Perth.

12 Jul 2011

Sylvania Platinum to Offload South African Iron Ore Assets

Sylvania Platinum announced on Friday that it was going to dispose of its iron ore assets in South Africa. The assets in the Bushveld Complex would be sold to focus on expansion and meeting production targets. The board issued a statement saying that it did not believe that any value was being ascribed to the company by the iron assets.

11 Jul 2011

Cap-Ex Ventures Announces Drilling Program at Redmond and Block 103 Properties

Cap-Ex Ventures has awarded a contract to Sunrise Drilling to drill up to 15,000 m at Cap-Ex’s Redmond and Block 103 properties. Sunrise Drilling has moved the workers and drill rigs to a location at Schefferville and will immediately start the drilling program.

11 Jul 2011

Braemar Iron Alliance to Make $7 Billion Investment in Rail Infrastructure

Braemar Iron Alliance is likely to invest more than $7 billion at a new iron ore project near Broken Hill. As per the company the area between Peterborough in South Australia to Broken Hill is likely to become Australia's next major iron ore province.

10 Jul 2011

Mindoro Resources Reports Positive Drilling Results from Agata South

Mindoro Resources has announced encouraging results from the drilling program at the Agata South nickel laterite mineralization, having intersected strong iron and nickel grades at surface and broader than the anticipated profiles of saprolite and limonite.

8 Jul 2011