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Philippines Cancels 500 Inactive Mining Permits

The Philippines government seems to be set on putting its mining industry in order with the President Benigno Aquino III declaring an indefinite ban on logging nationwide and Environment Secretary Ramon Paje saying that almost 500 inactive mining permits had been suspended.

7 Feb 2011

Iluka Resources Gets Massive Boost from BHP Royalties

Iluka Resources survived the global financial crisis on the basis of its mining royalties from BHP Billiton.

From BHP Billiton Plc 6 Feb 2011

Talon Metals Receives Initial Drilling Results from Trairão Iron Project in Brazil

Talon Metals Corp. (TSX: TLO) has announced the initial results of the drilling program on Target Area 2 at its 100% owned Trairão Iron Project, located in Pará State, Brazil.

From Talon Metals Corp. 5 Feb 2011

Pacific Iron Ore Announces Increase in Iron Resources Within Bugaboo Creek Project

Pacific Iron Ore Corporation (TSX.V: POC), announces that inferred resources have nearly doubled to 14.3 million tonnes grading 60 percent recoverable magnetite within in the Bugaboo Creek iron deposits. A cut-off of 20 percent magnetite was used in the determination of this resource.

3 Feb 2011

New Look to Baffinland's Board

The Baffinland Iron Ore company has a set of new owners and several new faces on its board of directors. The company which was recently taken over by ArcelorMittal and Nunavut Iron Ore has seen five of its old board member resign. The board has also been increased in size from 9 to 11 members.

From Baffinland Iron Mines Corporation 2 Feb 2011

Xstrata to Export Magnetite from Ernest Henry

Xstrata plans to be the first company in Queensland to export magnetite concentrate. The product which is used in steel making will be processed in the brand new magnetite base plant at Xstrata’s Ernest Henry mine located near Cloncurry.

2 Feb 2011

New World Development to Spin-Off Iron Ore Business

New World Development, a Hong Kong based property developer, is planning to spin-off a Chinese iron ore mining business. The new company will be majority owned by its own infrastructure unit NWS Holdings through a listing on the Hong Kong stock exchange.

1 Feb 2011

Safety Shakedown for US Mining Industry

The US mining industry can expect a bit of a shakedown as the mining regulatory agency proposes a new rule that will help to close down mines with health and safety violations faster.

1 Feb 2011

Arcelormittal and Nunavut Iron Ore Acquisition Take-Up Additional Shares of Baffinland Iron Mines

ArcelorMittal and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 8,410,670 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 of Baffinland.

1 Feb 2011

POSCO Makes New Deals in Mozambique, Cameroon, Zimbabwe and Republic of Congo

POSCO, The Pohang Iron and Steel Company, (KRX: 005490) (NYSE: PKX) (TYO: 5412 ) (LSE: PIDD), based in Pohang, South Korea, is taking on African partners to help push forth its development of natural resources in the region.

31 Jan 2011