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Tag: iron ore

Iron may be found in rocks and minerals in a variety of forms including magnetite, hematite, geothite, limonite and siderite. The base metal is key in the construction of machinery, tools, automobiles, ships, buildings, and more due to its strength and low cost.

Due to the fact that pure iron is very soft, it is most commonly used in the production of steel. Metallic iron is extracted from iron ore and its properties can be modified by alloying it with carbon and various other metals to create steels.

China is the top iron-producing country, and also the largest consumer of the metal.

Unlike most commodities, the majority of iron ore trades under contracts in which major counterparties negotiate annual changes in prices. Vale  (NYSE:VALE), the world’s largest iron ore miner, along with the other industry giants Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) and Australia’s Fortescue Metals Group (ASX:FMG) currently dominate the seaborne iron ore market and often set the price for the entire industry when they negotiate large supply contracts. These four companies have been flooding the market and attempting to push higher-cost producers out as they all continue to ramp up production despite the detrimental affects it has had on the iron ore price.

 

 

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Supreme Metals Update on Activity in the Bloom Lake East Area

Supreme Metals (the “Company”) (CSE: ABJ)(FSE:A68) is pleased to congratulate its neighbor, Champion Iron Ore Limited for its recent USD180M debt financing on its Bloom Lake Iron Ore Mine production restart.

The restarting of this mine and the recent rise in iron prices should enhance the economics of the iron ore occurrences existing on

Champion Iron Subsidiary Enters Into Settlement Agreement Providing for the Conditional Settlement of a Contractual Dispute with the Port of Sept-Iles

Champion Iron (ASX: CIA) (TSX: CIA) (the “Company” or “Champion”) is pleased to announce that its subsidiary Champion Iron Mines (“CIML”) has entered into a settlement agreement providing for the conditional settlement, without admission, of its dispute with the Port of Sept-Îles concerning the July 13, 2012 agreement entered into between the

Champion Iron Subsidiary Enters Into Settlement Agreement Providing for the Conditional Settlement of a Contractual Dispute with the Port of Sept-Iles

MONTREAL, QC–(Marketwired – July 18, 2017) – Champion Iron Limited (ASX: CIA) (TSX: CIA) (the “Company” or “Champion”) is pleased to announce that its subsidiary Champion Iron Mines Limited (“CIML”) has entered into a settlement agreement providing for the conditional settlement, without admission, of its dispute with the Port of

Champion Iron Subsidiary Signs Rail Transportation Contract

Champion Iron (ASX: CIA) (TSX: CIA) (the “Company”, or “Champion”) is pleased to announce that its subsidiary Québec Iron Ore (“QIO”) has entered into a transportation agreement (the “Agreement”) with the Quebec North Shore and Labrador Railway Company, (“QNS&L”) for the transportation of iron ore concentrate which would be generated

Cliffs Natural Resources Commends the Trump Administration for the United States’ Withdrawal From the Paris Climate Accord

Cliffs Natural Resources (NYSE: CLF) today issued the following statement regarding President Trump’s decision for the withdrawal of the United States’ participation in the Paris climate accord.

Lourenco Goncalves, Cliffs’ Chairman, President and Chief Executive Officer, said:
“Cliffs applauds President Trump for his decision to withdraw from the Paris climate accord. The

Champion Iron Completes Sale of $10 Million Convertible Debenture

Champion Iron (asx:CIA) (CIA) (“Champion” or the “Company”), is pleased to announce that it has completed the previously announced non-brokered sale of a $10 million unsecured subordinated convertible debenture (the “Debenture”) to Altius Minerals (“Altius”).

The sale of the Debenture is a component of a CDN$40 million debt and equity bridge

Macarthur Minerals discovers new Lithium Pegmatite swarms at Marble Bar in the East Pilbara Region of Western Australia.

Macarthur Minerals discovers new Lithium Pegmatite swarms at Marble Bar in the East Pilbara Region of Western Australia.

Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce it has identified a number of significant lithium bearing, spodumene and lepidolite mineralised pegmatites at its new Marble Bar Lithium Project Joint Venture in the Pilbara region of Western Australia.

David Taplin, President, CEO and Director of

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