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Macarthur Minerals Reports RC Drilling Results from Lake Giles Project

Macarthur Minerals has received the first 36 Reverse Circulation (RC) drill hole assay results from Lake Giles project, present in Western Australia.

From Macarthur Minerals Limited 29 Mar 2011

Brazil's MMX Expands Iron Ore Production, Profits

Brazilian iron ore miner MMX Mineracao e Metalicos SA (MMX) which is controlled by Eike Batista posted a profit for the second consecutive quarter as it expanded its iron ore production.

27 Mar 2011

Progress for Ironclad Mining at Wilcherry Hill Iron Ore Project

Ironclad Mining is making great progress on developing the Wilcherry Hill Iron Ore Project in South Australia. There has been an estimated 69.3 million tonnes of near surface crystalline magnetite ore discovered at Wilcherry Hill. Of this 48 million tonnes is indicated and 21 million tonnes is inferred.

27 Mar 2011

BHP Billiton Plans Massive Australian Invesments

Australian resources company BHP Billiton is going to make a capital investment of $9.5 billion to expand its Australian iron ore and coal mining operations. The largest miner in the world has now planned to expand its own mines after it failed to take over three acquisition targets in the last year.

From BHP Billiton Plc 27 Mar 2011

Hanlong Mining Acquires Ken Talbot's Stake in Sundance Resources

The late Ken Talbot’s Talbot Group has sold its stake in Sundance Resources to a Chinese company. The 15.95% stake in Sundance Resources was sold for $19.08 million by the group to iron ore explorer Hanlong Mining. The shares were sold at 44c each.

From Sundance Resources Limited 24 Mar 2011

Cap-Ex Ventures Completes Redmond Properties Acquisition

Cap-Ex Ventures has closed the option agreement with Kal Malhi to acquire Redmond Properties.

24 Mar 2011

Adriana Resources Receives Drilling Results from Lac Otelnuk Iron Project

Adriana Resources has reported all evaluation results from the diamond drill program at Lac Otelnuk iron project, Northern Quebec.

24 Mar 2011

Cliffs Natural Resources Aims to Raise $1 Billion

Cliffs Natural Resources Inc is hoping to raise $1 billion by selling senior notes. Bonds that carry a coupon rate of 4.8% that will mature in April 2021 will be issued for $700 million worth of notes. These will be offered on March 23, 2011. An additional $300 million worth of notes will be issued on April 1, 2011 and these will be with a coupon rate of 6.25% that will mature in October 2040.

From Cleveland-Cliffs Inc 20 Mar 2011

Sundance Resources Upgrades Mbalam Iron Ore Reserves

Shares in Sundance Resources, an international resources company developing the Mbalam Iron Ore Project in the Republic of Cameroon and the Republic of Congo, in central west Africa, shot up by almost 7% once it reported finding high quality iron ore at Mbalam.

From Sundance Resources Limited 17 Mar 2011

Congress Goes After Karnataka Ministers Involved in Illegal Mining

In the Indian state of Karnataka the opposition Congress has again raised the issue of illegal mining in the assembly leading to the continued embarrassment of the BJP led government. Congress MP Sanjay Nirupam took on the BJP saying that they should initiate action against Karnataka ministers allegedly involved in illegal mining in Bellary.

17 Mar 2011