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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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Macarthur Minerals Adds New Potential High Grade Iron Ore Project and Attempts to Save Jobs in Western Australia After Cliffs Announces Closure of Australian Iron Ore Operations at End of 2018

Macarthur Minerals Adds New Potential High Grade Iron Ore Project and Attempts to Save Jobs in Western Australia After Cliffs Announces Closure of Australian Iron Ore Operations at End of 2018

Macarthur Minerals Limited (TSXV:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that through its wholly owned subsidiary, Esperance Iron Ore Export Company Pty Ltd, it has added potential high grade hematite Mt Manning Iron Ore Project to the Company’s adjacent Ularring Hematite Iron Ore Project.

Macarthur Minerals Announces Proposed Extension of Warrant Term

Macarthur Minerals Announces Proposed Extension of Warrant Term

Macarthur Minerals Ltd (TSXV:MMS) (the “Company” or “Macarthur Minerals”) will be applying to the TSX Venture Exchange for approval to extend the expiry date of 33,408,479 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in July/August 2017.

Nautilus Granted New Exploration License; Includes New Targets

Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the “Company” or “Nautilus”) is pleased to announce that the Government of Papua New Guinea has granted a two year Exploration License to Nautilus which will allow the Company to conduct exploration activities on this area within the southeast Bismarck Sea.

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Acquisition Complete for Tenement in Pilbara for Gold

Acquisition Complete for Tenement in Pilbara for Gold

Macarthur Minerals Limited (TSXV:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce it has acquired 100% of granted exploration license E45/4685 covering an area of 35 square kilometers in the Pilbara region of Western Australia (“Tenement”), as previously announced on November 6, 2017. The Tenement forms part of the

Macarthur Minerals Company Update

Macarthur Minerals Company Update

Macarthur Minerals Limited (TSXV:MMS) is pleased to provide an update to shareholders to highlight a very active year during 2017 with the development of its lithium and gold tenement and claims portfolio within the very prospective regions of the Pilbara (Western Australia) and Railroad Valley (Nevada, USA).

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Macarthur Minerals Adds New Potential High Grade Iron Ore Project and Attempts to Save Jobs in Western Australia After Cliffs Announces Closure of Australian Iron Ore Operations at End of 2018

URL: https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/macarthur-minerals-adds-new-potential-high-grade-iron-ore-project-attempts-save-jobs-western-australia-cliffs-announces-closure-australian-iron-ore-operations-end-2018/