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Proposed Lake Torrens Iron Ore Project Knocked Back

An exploration bid by a mining company was shot down by a court in Adelaide as it ruled in favour of native title claimants.

18 Jan 2011

Advanced Explorations Plans for 2011 Iron Ore Drilling Campaign

Advanced Explorations Inc. (TSX VENTURE:AXI) (FRANKFURT:AE6) has announced plans for a 2011 drilling campaign for its Nunavut projects. The Company forecasts that completion of its 2011 feasibility study will involve up to 15,000 metres of infill drilling for its Roche Bay project located on the Eastern coast of the Melville Peninsula. Furthermore, AEI will look at additional drilling along strike with the objective of increasing its NI 43-101 compliant resource estimate to beyond 750 million tonnes.

18 Jan 2011

Champion Minerals Reports Second Series of Assay Results from Fermont Iron Property

CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) today released the second series of assay results from the completed 2010 diamond drill campaign at the Harvey-Tuttle Claim Block of the Fermont Iron Property in northeastern Quebec.

14 Jan 2011

Cliffs Natural Resources Makes Offer for Thompson Iron Mines

Cliffs Natural Resources Inc., a U.S. based international mining giant, on Tuesday made an offer of $4.9 billion for Thompson Iron Mines. The takeover bid raised the shares in the Montreal based Consolidated Thompson Iron Mines by 30%.

From Cleveland-Cliffs Inc 13 Jan 2011

Mindoro Resources to Buy Significant Nickel Laterite Mineralization Area from Corplex Resources

Mindoro Resources Ltd. has announced drilling results of potential economic interest on the Bolobolo and Karihatag nickel targets located in the Surigao nickel district of NE Mindanao, the Philippines.

From Mindoro Resources Ltd. 13 Jan 2011

Iron Ore Boosts Gina Rinehart's Fortune

Gina Rinehart may project herself as a ‘media mogul’ but it is on Hancock Prospecting that her fortune is based. New figures about her flagship company in the mining empire show that the richest woman in Australia is showing a huge increase in revenue.

12 Jan 2011

Shipping Freight Rates Decline on Over Supply

The freight rates for shipping lines are dropping despite record rise in commodity prices. Leasing costs for capesizes, 1000-foot-plus ships, which haul iron ore and coal may go down 34% to their lowest prices since 2002 in the present year as per a survey conducted by Bloomberg.

11 Jan 2011

Nunavut Extends Offer for Baffinland

Nunavut Iron Ore has taken yet another step in the bidding war against ArcelorMittal for Baffinland Iron Mines. It has raised its offer to Canadian $1.45 in cash per share in addition to one exchange right per common share.

From Baffinland Iron Mines Corporation 11 Jan 2011

Magnetation and Cargill Team Up in Iron Ore

Canadian company Magnetation Inc. will team up with Cargill Inc to boost its iron ore production from 150,000 metric tons per year to 450,000 metric tons. The exact details of the deal were not revealed by the two companies but Cargill will help Magnetation to take its proprietary separation technology global.

10 Jan 2011

Northland Resources Submits Exploitation Concession Application for Hannukainen Project

Northland Resources S.A. (TSX:NAU)(FRANKFURT:NPK)(OSLO:NAUR) has announced that on December 20, 2010, the Company submitted an Exploitation Concession application to the Finnish Ministry of Employment and the Economy for the Hannukainen iron Oxide-Copper-Gold project.

3 Jan 2011