Articles Tagged "iron ore company news"

Rio Tinto Restarts Iron ore Expansion with $400M Investment

Iron – Rio Tinto Ltd (RIO:ASX) has announced the continuation of the Iron Ore Company of Canada (IOC) operations programme to increase its annual concentrate capacity by four million tonnes to 22 million tonnes by 2012. IOC Chairman and Rio Tinto chief executive, Iron ore Sam Walsh is quoted saying: “Some uncertainty and potential volatility remain about global economic [...]

Fortescue Metals Urges Government to Drop SPT

Iron – Fortescue Metals Group (ASX: FMG), an Australian iron ore mining company, is calling for other shareholders to share their voices against the super profits tax (SPT). Fortescue chairperson Herb Elliott is quoted saying: “It harms the mining industry and especially Fortescue, and we are urging the government to drop this proposal and to open a new forum [...]

Rio Tinto’s $400M Iron Ore Expansion in Canada

Iron – Rio Tinto has announced the beginning of the expansion program in its Iron Ore Company of Canada (IOC) operations.  The new investment is worth $401 million which was approved by the Board of IOC. IOC Chairman and Rio Tinto chief executive, Iron ore Sam Walsh are quoted saying: “Some uncertainty and potential volatility remain about global economic [...]

Chinese Iron Ore Boycott Unsustainable

Iron – Iron ore demand is increasing among Chinese steel makers and the CISA lead boycott is simply not credible. Iron mining companies recognize this and will not relent from their position, which grows stronger every day that global demand recovers and ore prices rise.