ArcelorMittal Mines Canada

Cap-Ex’s iron ore discovery grabs market’s attention

Vancouver – Just two short months ago, Cap-Ex Ventures (CEV-V) was the smallest explorer by market cap looking for iron ore in Eastern Canada’s Labrador Trough. But as the first assays from the company’s main Block 103 iron ore property near…

Champion Minerals shares jump on ArcelorMittal rumour

As rumours swirl that Champion Minerals (CHM-T) might become a takeover target for ArcelorMittal (MT-N), the junior has adopted a shareholder rights plan. The news sent the company’s shares up 20%, or 30¢ apiece, on July 4 to close at…

Majors pour billions into Eastern Canada

It’s not quite as exciting as a new mine built from scratch on a substantial mineral discovery but, in dollar terms, the recent expansions announced by majors active in eastern Canada all add up significant economic activity.

ArcelorMittal invests $2.1B in Quebec

ArcelorMittal (MT-N) is spending $2.1 billion to expand its Mont-Wright mining complex and Port-Cartier pellet plant near Fermont in northern Quebec. 

The beneficiation plant at the Silver Yard, part of Labrador Iron Mines' Schefferville iron ore project in the Labrador Trough. Photo by Labrador Iron Mines

Forging deals in the Labrador Trough (May 23, 2011)

As the acquisition of Quebec-focused iron ore producer Consolidated Thompson Iron Mines (CLM-T) by resource giant Cliffs Natural Resources (CLF-N) finally comes to a close, investors can’t help but wonder which company in the area is next in…

Baffinland reports high-grade assays at Mary River

Five days after ArcelorMittal (MT-N) sweetened its takeover bid for Baffinland Iron Mines (BIM-T) by 15¢ per share, high-grade assay results from nineteen additional holes at the Mary River project on Baffin Island in Nunavut suggest the…

CONSOLIDATED THOMPSON IRON MINESIron ore assets in the southern Labrador Trough.

Cons Thompson seeks control of Wabush Mines

Toronto-based junior Consolidated Thompson Iron Mines (CLM-V, CLMZF-O) has struck a deal to buy from steelmakers Cleveland-Cliffs (CLF-N) and Stelco (STE-T, SECNF-O) their combined 71.4% interest in t…

QCM strike ends, iron demand stays high

An 8-week strike at Quebec Cartier Mining‘s Mont-Wright iron operations, about 300 km north of Pont Cartier, Que., ended shortly after former Quebec premier Lucien Bouchard entered…

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