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Revolver Resources Looks to Reverse Takeover of Oculus Mining

Revolver Resources is hoping to reverse the takeover deal of Oculus Mining S.A. The Toronto Stock Exchange listed company Revolver Resources has halted trading while the required documentation is filed with the TSX Venture Exchange.

27 Apr 2011

Rio Tinto Now Owns 72% of Riversdale Mining

Rio Tinto finally managed to get its hands on Riversdale Mining after Brazil’s CSN gave up its stake to them. On Wednesday Companhia Siderurgica Nacional or CSN announced that it had sold its 20% holding of Riversdale Mining to Rio Tinto because the price was right.

From Rio Tinto plc 25 Apr 2011

Wayne Swan Says Less Tax Revenue from Mining than Expected

The Australian Treasurer Wayne Swan spoke to the Queensland Media Club and told them that there would be no rivers of gold from the mining industry in the upcoming budget.

21 Apr 2011

Black Iron Begins Initial Diamond Drill Program at Shymanivske Iron Ore Project

Black Iron has begun a preliminary confirmation diamond drill program at its Shymanivske iron ore project in Ukraine. The drilling program consists of the operation of three drill rigs to finish 7,500 metres of drilling in about three months.

15 Apr 2011

Pacific Iron Ore Engages Financial Advisor to Enhance Shareholder Value

Junior Canadian miner Pacific Iron Ore is looking at selling strategic assets to help boost its share price. The company has hired financial advisory firm AltaCorp Capital Inc to help them identify and evaluate alternatives that would enhance its shareholder value.

14 Apr 2011

Fortescue Metals Sees Decline in Iron Ore Shipments Due to Bad Weather

Fortescue Metals Group (FMG) was affected by the recent bad weather in Australia as heavy rains saw it shipping 11.5 % less iron ore in the March quarter this year as compared to the previous year.

From Fortescue Metals Group Ltd 13 Apr 2011

Sundance's Cameroon Iron Ore Project to Cost $4.6 Billion

Sundance Resources announced that developing its Mbalam iron ore project would cost $4.6 billion to develop. The project in central West Africa needs infrastructure and the completion of a definitive feasibility study for the initial stage of the project.

From Sundance Resources Limited 7 Apr 2011

Ban on Karnataka Iron Ore Exports Lifted

The Supreme Court of has asked the state government of Karnataka to lift the ban on export and transportation of iron ore from April 20, 2011.

6 Apr 2011

Mount Gibson Iron Ends Agreement with Shougang Concord

Mount Gibson Iron Ltd has ended its agreement with Shougang Concord International Enterprises. The agreement included the sale of 80% of its mine production to the Chinese steel manufacturing company from the Extension Hill mine. The company did not give any specific reason for the termination of the agreement.

From Mount Gibson Iron Limited 5 Apr 2011

Northland Resources Signs Distribution Agreement for Kaunisvaara Project

Northland Resources has signed a distribution agreement with Pon Mining International - Pon Equipment to supply Caterpillar and Bucyrus mine mobile equipment for the Kaunisvaara Project, which is sited in Northern Sweden, which is around 100 km north of the Arctic Circle, in the municipality of Pajala.

29 Mar 2011