Cardero Gets Advance Payment For Pampa De Pongo
VANCOUVER — Cardero Resource (CDU-T, CDY-X) is getting a US$2-million payment for its Pampa de Pongo iron ore project ahead of schedule from Chinese buyer Nanjinzhao. The total purchase price of the …
Iron Ore
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
Rio Tinto enters strategic partnership with Chinalco
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures an…
Nanjinzhao makes advance Pampa payment to Cardero
Vancouver – Cardero Resources (CDU-T) is getting US$2 million of the US$200 million it sold its Pampa de Pongo ir…
Rio Tinto sells more assets, confirms talks with Chinalco
Rio Tinto (RTP-n, RIO-l) continues to hack away at its immense debt load with sales to Vale (RIO-n) of its undevelo…
Northland Upgrades Tapuli Iron Resource
VANCOUVER — Northland Resources (NAU-T, NRSRF-O) has boosted confidence in its Tapuli magnetite deposit, upgrading most of a 10-month-old resource estimate to the measured and indicated category.
Advanced Explorations makes headway in Nunavut
Drill results for Advanced Explorations’ (AXI-V) Roche Bay iron ore project in Nunavut confirm a higher grade…
BHP OKs Aussie Iron Ore Expansion
BHP Billiton (BHP-N, BLT-l) has approved an expansion at its iron ore mining operations in Western Australia, which will raise production by 50 million tonnes to 205 million tonnes per year in 2011.
Vale Scales Back
As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…
Northland upgrades Tapuli magnetite resource
Vancouver – Northland Resources (NAU-T) boosted confidence in its Tapuli magnetite deposit, upgrading most of…
Vale shuts down nickel mine in Sudbury
As the world economy continues to unravel, Vale (RIO-n) is suspending its Copper Cliff South mine in Sudbury, shutt…