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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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Vanadium One Energy Discloses Its Phase 1 Drill Samples Assaying Results and Confirms they Match Historic Findings RE Mont Sorcier Fe-V-Ti Project

Vanadium One Energy Discloses Its Phase 1 Drill Samples Assaying Results and Confirms they Match Historic Findings RE Mont Sorcier Fe-V-Ti Project

Vanadium One Energy Corp. (the “Company”) (TSXV:VONE, FRANKFURT:9VR1), is pleased to announce that its Phase 1 diamond drill results have been analysed and integrated with its ongoing compilations and assessments pertaining to its 273.7 million ton Mont Sorcier Fe-V-Ti project near Chibougamau, Quebec. All drill holes and resulting assays

ArcelorMittal Reports Q3 2017 Results

ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results for the three month and nine month periods ended September 30, 2017.
Highlights:

Health and safety: LTIF rate of 0.67x in 3Q 2017 as compared

Alderon Releases Updated Preliminary Economic Assessment

Alderon Iron Ore (TSX:IRON) (“Alderon” or the “Company”) is pleased to announce that it has received the results of the updated preliminary economic assessment (“Updated PEA”) on the Rose Deposit of the Kamistiatusset (“Kami”) Iron Ore Project in Western Labrador. The Updated PEA is an update to a re-scoped preliminary economic

Black Iron Provides Update on Go Forward Development Plan

The following is an update on the activities Black Iron (“Black Iron” or the “Company”) (TSX:BKI) is undertaking to increase shareholder value and move our flagship Shymanivske iron ore project (the “Project”) forwards towards production.

Black Iron completed a successful initial public offering in 2011 raising approximately $36 million at

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

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

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

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

New Executive Director Appointed at Macarthur Minerals

New Executive Director Appointed at Macarthur Minerals

Macarthur Minerals Limited (TSXV:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce the appointment of Mr Joe Phillips as an executive director of the Company, subject to TSXV approval.

Mr Joe Phillips was previously the Company’s CEO and was responsible for the original funding and development of the Company’s significant

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Black Iron's New Preliminary Economic Assessment Shows Highly Favourable Returns Including 36.1% IRR Post Tax

URL: https://investingnews.com/market-news/black-irons-new-preliminary-economic-assessment-shows-highly-favourable-returns-including-36-1-irr-post-tax/