Labrador Iron Mines falls on hard times
Despite having the distinction of being Canada’s newest and only independently owned iron ore producer Labrador Iron Mines’ (LIM-T) has been on a rough ride over the last while.
Iron Ore
Here comes Oceanic Iron Ore
When Steven Dean stepped down in late 2002 as president of Teck Cominco, now Teck Resources (TCK.B-T, TCK-N), his motivation was pretty simple: he just wanted to spend more time with his family after spending years on the road, a fact…
Advanced Explorations drops on feasibility study
Shares of Advanced Explorations (AXI-V) plunged 37% following the results of its feasibility study on the Roche Bay iron project on the Melville Peninsula in Nunavut.
Miners endorse CN Rail plan for Labrador Trough
In the grand scheme of things Canada isn’t known as a great power in the iron ore business, but a group of forward-thinking mining companies have come together with the Canadian National Railway (CNR-T, CNI-N) to explore igniting a true…
Hecla withdraws US Silver bid
Hecla Mining’s (HL-N) attempt to derail a merger agreement reached last month between U.S. Silver (USA-T, USSIF-O) and RX Gold & Silver (RXEXF-O) has fallen short. Both U.S. Silver and RX Gold shareholders have voted in favour of a…
Miners endorse CN Rail plan for Labrador Trough
VANCOUVER — In the grand scheme of things Canada isn’t known as a great power in the iron ore business, but a group of forward-thinking mining companies have come together with the Canadian National Railway (CNR-T, CNI-N) to explore…
Rio Tinto opens wallet wide for asset upgrades
Rio Tinto (RIO-N, RIO-L, RIO-A) will spend billions of dollars to advance and upgrade some of its highest-profile assets.At its sprawling Pilbara iron-ore operation Western Australia, the company has committed US$3.7 billion to boost capacity,…
Oil Can’s iron ore lifts Champion Minerals
Champion Minerals (CHM-T) has traded higher on news that its 100%-owned Oil Can iron ore deposit, 6 km north of its flagship Fire Lake North project in the southern end of the Labrador trough, contains nearly 1 billion tonnes of…
RCMP investigates Cardero’s activities in Ghana
Despite promising early results from its Sheini iron ore project in Ghana, Cardero Resource (CDU-T) could be facing a few legal headaches.The Royal Canadian Mounted Police (RCMP) has launched an investigation into how Cardero won the…
Oil Can resource lifts Champion Minerals
Champion Minerals (CHM-T) is trading higher on news that its 100%-owned Oil Can iron-ore deposit, six km north of its flagship Fire Lake North project in the southern end of the Labrador Trough, contains nearly one billion tonnes of…
Vale secures license for Serra Sul mega development
VANCOUVER — Brazilian mining giant Vale SA (VALE-N) has received its preliminary environmental license for what will be the world’s largest iron-ore project. Serra Sul, or Carajas S11D, is a US$20-billion expansion initiative at the…
RCMP looks at Cardero’s activities in Ghana
Despite promising early results from its Sheini Iron Ore project in Ghana, Cardero Resources (CDU-T) could be facing some legal headaches over the project.