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Rio Tinto’s US$338 million Silvergrass iron ore mine officially open

August 30, 2017 | Rio Tinto today officially opened its Silvergrass iron ore mine in Western Australia.

The US$338 million project is the 16th mine at Rio Tinto’s world-class iron ore operations and will produce low-phosphorous ore crucial to maintaining Rio Tinto’s premium Pilbara Blend product.

Rio Tinto chief executive J-S Jacques said:
“Silvergrass is a great  … Read More

Sama Reports Recovery Rates of 92% Nickel and 85% Iron Metal Powders

August 28, 2017 | Sama Resources (“Sama” or the “Company”) (TSX-V: SME) is pleased to announce that recent tests conducted by CVMR Corporation (“CVMR”) on Samapleu mineralized material returned recovery rates of 92% and 85% nickel and iron, respectively.

The quality nickel produced will be suitable for a wide range of end-use applications, including rechargeable batteries,  … Read More

Chatham Rock Phosphate: Trans-Tasman Resources makes history

August 11, 2017 | Chatham Rock Phosphate (NZ: CRP) (“CRP” or “the Company”) congratulates Trans-Tasman Resources (TTR) for gaining a Marine Consent from the Environmental Protection Authority (EPA). In conjunction with the Mining Permit granted several years ago this environmental consent enables TTR to progress towards development of a multi-billion dollar business which will  … Read More

Labrador Iron Ore Royalty – Results for the Second Quarter Ended June 30, 2017

August 3, 2017 | Labrador Iron Ore Royalty (“LIORC”, TSX: LIF) announced today its operation and cash flow results for the second quarter ended June 30, 2017.

Royalty revenue for the second quarter of 2017 amounted to $33.8 million as compared to $25.3 million for the second quarter of 2016. The shareholders’ cash flow from operations for the second quarter  … Read More

Rio Tinto announces cash generation of $6.3 billion and cash returns to shareholders of $3.0 billion

August 2, 2017 | First half 2017 highlights

Generated operating cash flow of $6.3 billion, EBITDA1 of $9.0 billion and EBITDA margin2 of 45 per cent.
Delivered underlying earnings of $3.9 billion and net earnings of $3.3 billion.
Achieved $2.1 billion of pre-tax sustainable operating cash cost improvements3 in 2016 and 2017 first half,  … Read More

Prophecy to Acquire Fourth Vanadium Project – Targets Production in 2017

July 21, 2017 | Prophecy Development (“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) has entered into a binding letter agreement (the “Letter Agreement”) with Fairmont Resources (“Fairmont”) to acquire the fully-permitted Buttercup Iron-Titanium-Vanadium (Fe-Ti-V) project in Quebec, Canada (the “Buttercup Project”).

Prophecy is initiating discussions with several potential dense aggregate buyers and has targeted for production to commence by the  … Read More

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

July 19, 2017 | 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  … Read More

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

July 18, 2017 |

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  … Read More