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Macarthur Minerals Announces 57% Increase in Inferred Resource Estimate for Lake Giles DSO Projects

Macarthur Minerals Limited (TSX VENTURE:MMS) has released a 57% increase in the Hematite-Goethite Inferred Mineral Resource estimate for its Lake Giles DSO projects located in Western Australia.

From Macarthur Minerals Limited 26 Nov 2010

FerrAus Knocks Back Wah Nam Offer

Australian mining company FerrAus has rejected the takeover bid from Hong Kong based Wah Nam International.

25 Nov 2010

Moly Mines Begins Drilling Operations at Spinifex Ridge

Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that it has commenced mining iron ore at Spinifex Ridge, 50km northeast of Marble Bar in the Pilbara of Western Australia.

From Moly Mines Limited 25 Nov 2010

Baffinland Makes New Iron Ore Discovery

Baffinland Iron Mines Corporation’s value has shot up again as the company claims fresh high grade deposits of iron ore in Nunavut. This new discovery is part of the company’s 2010 plan for regional exploration of its Mary River project. The find comes from No.9 deposit where surface sampling had an average of 70.3% iron in an east south easterly striking zone.

From Baffinland Iron Mines Corporation 24 Nov 2010

Rogue Resources Reports Initial Visual Results from Radio Hill Iron-Ore Project

Rogue Resources Inc. (TSX VENTURE:RRS) has announced preliminary visual results from the first hole drilled on the Radio Hill iron-ore project.

24 Nov 2010

Iron Ore Holdings Extends Bid for Baffinland Until December

Iron Ore Holdings had made a bid for Baffinland Iron Ore Mines offering 80 cents a share for Baffinland on September 22. The original deadline which was due to expire has been extended to December 2, 2010.

From Baffinland Iron Mines Corporation 23 Nov 2010

China Cuts Back on Indian Iron Ore

China seems to have reduced its iron ore imports from India over the last few months. The general trend has been emerging in the global markets but now facts have come to light with concrete data to support it.

23 Nov 2010

WPG Resources Raises $85 Million for Peculiar Knob

WPG Resources Ltd (ASX:WPG) announced that it had raised $85 million to develop the flagship project of the company, Peculiar Knob. The company formerly known as Western Plains Resources is also looking forward to raising an additional $75 million by placement of 110.3 million ordinary shares at 68 cents each.

23 Nov 2010

Iron Mining Group Completes Initial Acquisition of La Serena Iron Sands Mine

Iron Mining Group, Inc. (OTCBB:IRNN), a global iron ore mining and investment company, announced that its wholly-owned subsidiary, Chile Inversiones de Minerales, Ltda. has completed the initial acquisition of 50% of the La Serena Iron Sands Mine with which will automatically increase to 70% upon the repayment of $1,040,000 of pre-existing debts through the sales iron ore from the property.

23 Nov 2010