Friday, 27 Jan 2012
Canadian junior miner Kilo Goldmines Ltd said it found high grade iron ore at the Asonga Prospect in the Republic of Congo, sending its shares up 14%
The company said Rio Tinto, its joint venture partner for Asonga, drilled five holes in the mine and found 73.5 meters of iron ore containing 66.6% iron.
Kilo said the drill results indicated the area may contain direct shipping iron ore a high grade ore variety that requires less processing and is therefore cheaper to mine.
(Sourced from Thomson Reuters)
Showing posts with label Canadian iron ore resources. Show all posts
Showing posts with label Canadian iron ore resources. Show all posts
Friday, January 27, 2012
Saturday, November 12, 2011
Alderon Iron Ore project in northeastern Canada advancing
Saturday, 12 Nov 2011
It is reported that an iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward.
Alderon Iron Ore Corp has begun filing material to start the federal and provincial environmental assessment process. The application would allow Alderon to double future annual production at its Kami Project in Quebec-Labrador to 16 million tonnes of iron ore concentrate annually.
Alderon's plan is to ship the material to the port of Sept Îles for export to Asia via common rail carrier. Powerlines running from Churchill Falls hydroelectric power station are located 15 kilometres from the Kami property. A preliminary economic assessment released in September envisions an 8 million tonne per year open cast mine operation with a minelife of 15.3 years. Production is slated to start in 2015.
(sourced Provider.mining.com)
It is reported that an iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward.
Alderon Iron Ore Corp has begun filing material to start the federal and provincial environmental assessment process. The application would allow Alderon to double future annual production at its Kami Project in Quebec-Labrador to 16 million tonnes of iron ore concentrate annually.
Alderon's plan is to ship the material to the port of Sept Îles for export to Asia via common rail carrier. Powerlines running from Churchill Falls hydroelectric power station are located 15 kilometres from the Kami property. A preliminary economic assessment released in September envisions an 8 million tonne per year open cast mine operation with a minelife of 15.3 years. Production is slated to start in 2015.
(sourced Provider.mining.com)
Sunday, November 6, 2011
Canada’s Salmon River Resources signs iron ore partnership with Chinese holding company
Sunday, 06 November 2011
Vancouver, British Columbia-based Salmon River Resources announced Friday that it has signed a non-binding Memorandum of Understanding (MOU) with Beijing, China-based General Steel Holdings Inc. regarding rights to purchase part of any future iron ore production from properties currently under option to and/or to be acquired by Salmon River, and to provide assistance to Salmon River in raising up to C$110 million (US$108 million) in private placement financings as well as committing to fund future capital expenditures and other development costs.
The MOU is intended to lay the groundwork for Salmon River to fund the exercise of its exclusive option to acquire 100 percent of Treppo Grande Iron Pty Ltd. and to fund future development costs of the Treppo Grande iron ore project. Under the MOU terms, the GS Group has also committed to fund future capital requirements as well as provide project management and coordination services to the Company in return for compensation equal to up to a 51 percent profit interest in the Treppo Grande project, on terms to be mutually agreed in the final definitive agreements.
In return for providing financing and management assistance, the GS Group will be granted a right to acquire up to 2 million metric tons per annum of hematite ore production from the properties acquired by Salmon River under the Treppo Grande Option or other properties acquired by Salmon River in the future, at 95 percent of prevailing market prices once production has commenced.
Tags: iron ore , Canada , China , raw mat , East Asia and Pacific , Far East , North America , mining , M&A
Vancouver, British Columbia-based Salmon River Resources announced Friday that it has signed a non-binding Memorandum of Understanding (MOU) with Beijing, China-based General Steel Holdings Inc. regarding rights to purchase part of any future iron ore production from properties currently under option to and/or to be acquired by Salmon River, and to provide assistance to Salmon River in raising up to C$110 million (US$108 million) in private placement financings as well as committing to fund future capital expenditures and other development costs.
The MOU is intended to lay the groundwork for Salmon River to fund the exercise of its exclusive option to acquire 100 percent of Treppo Grande Iron Pty Ltd. and to fund future development costs of the Treppo Grande iron ore project. Under the MOU terms, the GS Group has also committed to fund future capital requirements as well as provide project management and coordination services to the Company in return for compensation equal to up to a 51 percent profit interest in the Treppo Grande project, on terms to be mutually agreed in the final definitive agreements.
In return for providing financing and management assistance, the GS Group will be granted a right to acquire up to 2 million metric tons per annum of hematite ore production from the properties acquired by Salmon River under the Treppo Grande Option or other properties acquired by Salmon River in the future, at 95 percent of prevailing market prices once production has commenced.
Tags: iron ore , Canada , China , raw mat , East Asia and Pacific , Far East , North America , mining , M&A
Friday, September 2, 2011
Beadell Resources inks maiden iron resource in Brazil
Friday, 02 Sep 2011
Beadell Resources has achieved a better than expected maiden JORC itabirite iron ore resource estimate of 209.1 million tonnes at 36.1% iron from the Tap Norte Banded Iron Formation in Brazil. The estimate was conducted by independent consultant SRK and includes Measured and Indicated Resources of 75.4 million tonnes at 37.3% Fe.
Potential extensions from Tap Sul and Tap Leste areas alone are estimated to contain an additional 120 million tonnes to 180 million tonnes of itabirite iron ore, which are currently being aggressively drilled. This maiden iron ore resource is the culmination of a major drilling and resampling program completed over the last 15 months.
Mr Peter Bowler MD of Beadell said that “This is an outstanding maiden iron ore resource which will grow significantly over the coming months. We are in discussions with Anglo Ferrous in relation to these iron ore resources on our Mining Concession to either continue on with negotiations centred around a Joint Operating Agreement whereby Anglo pay for iron ore extracted out of our gold pits or, our preferred outcome, to go it alone if the parties are unable to reach agreement on the terms of such a Joint Operating Agreement in respect of Beadell’s Mining Concession."
The company will now commence a detailed Scoping Study which will include a beneficiation plant and all associated logistics.
Beadell is bullish that the outcome of negotiations will either materially improve the economics of the gold project or, alternatively, enable the company to proceed with a substantial iron ore business on a standalone basis.
(sourced Proactiveinvestors)
Beadell Resources has achieved a better than expected maiden JORC itabirite iron ore resource estimate of 209.1 million tonnes at 36.1% iron from the Tap Norte Banded Iron Formation in Brazil. The estimate was conducted by independent consultant SRK and includes Measured and Indicated Resources of 75.4 million tonnes at 37.3% Fe.
Potential extensions from Tap Sul and Tap Leste areas alone are estimated to contain an additional 120 million tonnes to 180 million tonnes of itabirite iron ore, which are currently being aggressively drilled. This maiden iron ore resource is the culmination of a major drilling and resampling program completed over the last 15 months.
Mr Peter Bowler MD of Beadell said that “This is an outstanding maiden iron ore resource which will grow significantly over the coming months. We are in discussions with Anglo Ferrous in relation to these iron ore resources on our Mining Concession to either continue on with negotiations centred around a Joint Operating Agreement whereby Anglo pay for iron ore extracted out of our gold pits or, our preferred outcome, to go it alone if the parties are unable to reach agreement on the terms of such a Joint Operating Agreement in respect of Beadell’s Mining Concession."
The company will now commence a detailed Scoping Study which will include a beneficiation plant and all associated logistics.
Beadell is bullish that the outcome of negotiations will either materially improve the economics of the gold project or, alternatively, enable the company to proceed with a substantial iron ore business on a standalone basis.
(sourced Proactiveinvestors)
Monday, August 22, 2011
Innu protests against iron ore exploration project by Cap Ex Ventures
Monday, 22 Aug 2011
It is reported that one of the largest Innu communities in Quebec in eastern Canada is embroiled in a row with an iron ore mining company.
The company, Cap Ex Ventures, is exploring for iron ore in an area known as the Labradar Trough, a rich seam of minerals that stretches for hundreds of miles along the provincial border between Quebec and Labrador, the heart of Innu territory.
The long history of mining in this area has already taken a huge toll on the rich hunting grounds, with many of the rivers dammed for hydro power to feed the smelters needed to turn the ore into iron and steel. A railway was built into the region in the 1950s to transport the ore.
One of the largest Innu communities that uses this area for hunting, gathering and trapping is the Innu band known as Uashat mak Mani Utenam (also known as Sept Iles). They do not want Cap Ex Ventures to enter their hunting grounds until the company has formally committed to allow full environmental monitoring of their operations, but the company has gone ahead anyway.
Mr Armand MacKenzie, a spokesman for the Innu, said that "We expressed serious environmental, social and cultural concerns to the company: they’re showing a disrespectful attitude. We are open to constructive dialogue, but any exploration activity or mining activity on our lands, that affects our natural resources, needs our consent, that' a fundamental principle."
In a statement, Cap Ex Ventures said that "The company remains committed to discussions with the Innu of Sept Iles. The Company will continue to inform the Innu of Sept Iles of its activities."
(sourced SurvivalInternational)
It is reported that one of the largest Innu communities in Quebec in eastern Canada is embroiled in a row with an iron ore mining company.
The company, Cap Ex Ventures, is exploring for iron ore in an area known as the Labradar Trough, a rich seam of minerals that stretches for hundreds of miles along the provincial border between Quebec and Labrador, the heart of Innu territory.
The long history of mining in this area has already taken a huge toll on the rich hunting grounds, with many of the rivers dammed for hydro power to feed the smelters needed to turn the ore into iron and steel. A railway was built into the region in the 1950s to transport the ore.
One of the largest Innu communities that uses this area for hunting, gathering and trapping is the Innu band known as Uashat mak Mani Utenam (also known as Sept Iles). They do not want Cap Ex Ventures to enter their hunting grounds until the company has formally committed to allow full environmental monitoring of their operations, but the company has gone ahead anyway.
Mr Armand MacKenzie, a spokesman for the Innu, said that "We expressed serious environmental, social and cultural concerns to the company: they’re showing a disrespectful attitude. We are open to constructive dialogue, but any exploration activity or mining activity on our lands, that affects our natural resources, needs our consent, that' a fundamental principle."
In a statement, Cap Ex Ventures said that "The company remains committed to discussions with the Innu of Sept Iles. The Company will continue to inform the Innu of Sept Iles of its activities."
(sourced SurvivalInternational)
Thursday, August 18, 2011
IOC considers doubling iron ore production capacity
Thursday, 18 August 2011
The Iron Ore Mining Company of Canada, a subsidiary of global mining giant Rio Tinto, reported Tuesday that it is in the midst of a study to pursue expanding its mining and infrastructure assets in Labrador City, Newfoundland and Labrador and Sept Iles, Quebec.
The study will evaluate options to initially increase production to 50 million metric tons per year by 2016. The IOC is already in the process of increasing iron ore capacity to 26 million metric tons per year by 2013. The integrated study will consider multiple alternatives for the expansion, which may include new concentrators, mining pits and related mine, rail, stock handling, and port infrastructure.
"The timing is right for us to look at a project of this magnitude. With the strong market demand for iron ore, the abundance of IOC's resources and the success of our ongoing concentrate expansion program, it is clear that we need to look at how we further grow the business," commented Zoë Yujnovich, President and CEO of the Iron Ore Mining Company of Canada.
(sourced steelorbis)
The Iron Ore Mining Company of Canada, a subsidiary of global mining giant Rio Tinto, reported Tuesday that it is in the midst of a study to pursue expanding its mining and infrastructure assets in Labrador City, Newfoundland and Labrador and Sept Iles, Quebec.
The study will evaluate options to initially increase production to 50 million metric tons per year by 2016. The IOC is already in the process of increasing iron ore capacity to 26 million metric tons per year by 2013. The integrated study will consider multiple alternatives for the expansion, which may include new concentrators, mining pits and related mine, rail, stock handling, and port infrastructure.
"The timing is right for us to look at a project of this magnitude. With the strong market demand for iron ore, the abundance of IOC's resources and the success of our ongoing concentrate expansion program, it is clear that we need to look at how we further grow the business," commented Zoë Yujnovich, President and CEO of the Iron Ore Mining Company of Canada.
(sourced steelorbis)
Friday, July 29, 2011
Central Iron Ore commences field work in Yilgarn iron ore project
July28, 2011 |By Steelorbis
Canadian iron ore miner Central Iron Ore Ltd announced on July 27 that it has commenced to field mapping and sampling in the Yilgarn iron ore project in Western Australia, with the field work expected to continue over the next few months.
Central Iron Ore now has a total of 10 tenements covering 652 km2 that are located within the Yilgarn Iron Ore Province. According to the statement released by Central Iron Ore, the initial strategy and objective is to evaluate the occurrence of both magnetite ore and direct shipping ore within the above tenements.
Canadian iron ore miner Central Iron Ore Ltd announced on July 27 that it has commenced to field mapping and sampling in the Yilgarn iron ore project in Western Australia, with the field work expected to continue over the next few months.
Central Iron Ore now has a total of 10 tenements covering 652 km2 that are located within the Yilgarn Iron Ore Province. According to the statement released by Central Iron Ore, the initial strategy and objective is to evaluate the occurrence of both magnetite ore and direct shipping ore within the above tenements.
Saturday, February 26, 2011
Cap-Ex Ventures acquires four iron ore properties in Labrador
Saturday, Feb26, 2011
Vancouver, British Columbia-based Cap-Ex Ventures Ltd., a Canadian resource company focused on exploration and development of iron ore projects in the Labrador Trough, will acquire four new iron ore properties in the Labrador Trough near Schefferville, Quebec (Redmond Properties).
The new acquisition holds strategic high-grade iron ore deposits, and sits directly below Labrador Iron Mines Holdings Ltd., which owns the main Redmond deposits.
Tags: iron ore , raw mat , Canada , North America , M&A , mining, Redmond deposits, Labrador Iron Mines Holdings Ltd, high grade iron ore deposits
Subscribe to:
Posts (Atom)
Posts
