Iron – Reuters reported that iron ore price forecasts fall below $100/ton on slow demand and increasing supply, causing mining stocks to decline further. But the world’s biggest iron ore miners remain bullish.
Iron – Mining Weekly reported that Iron Ore Holdings (IOH) has signed an agreement with Mineral Resources, which may result to the development of its Iron Valley project, which is located in Western Australia.
Iron – Australia’s proximity to China has helped its iron ore miners post big profits in the past few years — but what will happen now that the Asian giant’s economy is slowing?
Iron – Bloomberg reported Neville Power is the new chief executive officer of Fortescue Metals Group Ltd. (ASX:FMG), whose one-time penny stock has soared.
Iron – SMH reported Andrew Forrest has continued to buy large volumes of shares in Fortescue Metals (ASX:FMG).
Iron – Caterpillar Inc. (NYSE:CAT) and Cat Dealer WesTrac have partnered with Fortescue Metals Group (ASX:FMG) at Fortescue's Solomon iron ore mine.
Iron Investing News reports price of iron ore will be staying at a low mark. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. For complete story, click this [...]
Iron Investing News reports production cutbacks combined with bleak economic outlook investors in iron ore do not see a bright outlook ahead. Customers of the world’s three largest iron ore producers have asked for shipment deferrals leading the big miners to consider production cutbacks. For complete story, click this link. Follow developments in resource mining and exploration [...]
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