Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.
Iron Ore
Northland Confirms Historic Grades At Tapuli Satellite Target
VANCOUVER– Even as Northland Resources (NAU-T, NRSRF-O) moves along its Tapuli iron ore project in Sweden, the company continues to confirm good iron grades at the nearby Pellivuoma target.
Baffinland reports positive iron feed test from steelmakers
Baffinland Iron Mines (BIM-T) reported test results of a fine iron ore trial batch from large German steelmaker Thy…
Cons. Thompson Gets Chinese Partner
VANCOUVER — Consolidated Thompson Iron Mines (CLM-T) has found itself a partner to develop and run the Bloom Lake iron mine in eastern Quebec.
Consolidated Thompson gets US$240 million and Chinese partner for Bloom Lake
Vancouver – Consolidated Thompson Iron Mines (CLM-T) has found itself a partner to develop and run the Bloom Lake i…
Commodities Forecasted To Rebound In 2010
One of the most anticipated and well-attended sessions at the recent Prospectors and Developers Association of Canada convention in Toronto was a presentation on commodities and the market outlook. Af…
Iron grades strong at Northland satellite target
Vancouver – As Northland Resources (NAU-T, NRSRF-O) moves along its Tapuli iron ore project in Sweden the comp…
Adriana Resources says Lac Otelnuk is world-class iron deposit
Adriana Resources (ADI-V) says its Lac Otelnuk iron project in the Labrador Trough of northern Quebec ranks among t…
Forecasters see most commodities rebounding in 2010
One of the most anticipated, and well-attended, sessions in this year’s PDAC convention in Toronto was headlined Co…
Macarthur’s $100M Payday Disappears
VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…
MacArthur’s $100-million pay day disappears
Vancouver – It seemed too good to be true and it was: MacArthur Minerals (MMS-V) fell 45% on news that a $100-mil…
Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.