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Baffinland Iron Mines concludes record-setting shipping season with 4.1 million tonnes of iron ore shipped over 75 days

October 18, 2017 |

Baffinland Iron Mines (Baffinland) announced today the conclusion of its 2017 open-water shipping program. From August 2 to October 17, Baffinland shipped approximately 4.1 million tonnes of iron ore from its Milne Inlet Port to markets in Germany, the United Kingdom, and Japan.

Fifty-six panamax vessels were deployed, carrying an average of 72,600 tonnes of  … Read More

Champion Iron Subsidiary Quebec Iron Ore Signs Rail and Port Access Agreement With Societe Ferroviaire et Portuaire de Pointe-Noire

October 13, 2017 | Champion Iron (ASX: CIA) (TSX: CIA) (the “Company,” or “Champion”) is pleased to announce that its subsidiary Québec Iron Ore Inc. (“QIO”) has entered into a rail transportation and port-facilities access agreement (the “Agreement”) with the Société Ferroviaire et Portuaire de Pointe-Noire (“SFPPN”) for the transportation, unloading, stockpiling and loading of iron  … Read More

Cleveland-Cliffs Announces Acquisition of Remaining Equity Interest in the Tilden Mine

October 2, 2017 | Cleveland-Cliffs (NYSE:CLF) announced today that it has acquired United States Steel Corporation’s 15 percent equity interest in the Tilden Mining Company for $105 million in cash. Cliffs previously owned an 85 percent interest in the joint venture and now has 100 percent ownership of the mine. The transaction closed on September 29, 2017.

With the closing of this  … Read More

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