Australia imposes 30% mining tax
The Australian Parliament has passed a bill for a 30% mining tax on iron ore and coal mine profits in the country, leaving some miners and state governments threatening to fight back.
Iron Ore
Talon sizes up iron ore at Trairao in Brazil
Talon Metals (TLO-T) has released a slew of drill results from its extensive 2011 exploration program, showing iron content in weathered and fresh rock at its Trairao project in Brazil.
Cap-Ex steps out at Northwest zone of Block 103
Cap-Ex Ventures (CEV-V) has released positive stepout holes from the Northwest zone of its Block 103 iron ore project that show the zone is open to the north, west and south.
Federal gov’t to modernize Port of Sept-les
The Canadian government’s decision to spend up to $55 million building a deep-water, multi-user dock at the Port of Sept-Îles on Quebec’s North Shore that complies with the iron ore industry’s new loading…
Kilo juggles projects on several fronts
In late January Kilo Goldmines (KGL-V) announced that its iron ore joint-venture project with Rio Tinto (RIO-N, RIO-L) in the Democratic Republic of the Congo has the potential to host direct shipping ore. In the same announcement the…
Cerro Resources makes headway at Mt. Philp
A new resource estimate for the Mount Philp hematite iron prospect in Northwestern Australia shifts more inferred resources into the indicated category but has failed to lift the shares of Cerro Resources (CJO-V, CJO-A).
Talon hits iron in fresh and weathered rock at Trairao
Vancouver – Talon Metals (TLO-T) has released a slew of drill results from its extensive 2011 exploration program, showing significant iron content in both weathered and fresh rock at its Trairao project in Brazil.
Cap-Ex steps out at Northwest zone of Block 103
Vancouver – Cap-Ex Ventures (CEV-V) has released positive step-out holes from the Northwest Zone of its Block 103 iron ore project that show the zone is open to the north, west, and south.
Advancing a second key iron ore asset in Nunavut: Tuktu
Advanced Explorations (AXI-V) took another step in its bid to mold itself into a significant iron ore miner in Canada’s Far North.
Giustra shell graduate flops on assays
They say for every mine put into production, a thousand other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of promoters…
Updated resource fails to lift Cerro Resources
A new resource estimate for the Mt. Philp haematite iron prospect in Australia shifts more inferred resources into the indicated category but has failed to lift the shares of Cerro Resources (CJO-V, CJO-A).
Giustra shell graduate flops on Guinea iron ore assays
They say for every mine successfully put into production, 1,000 other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of…