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Iron Ore News

 
Drilling indicates ‘significant’ chalcopyrite discovery (7/08/2002)
... the Far North Zone to delineate the extent of the new discovery.Ivanhoe is a diversified mining company, producing iron ore products from ABM Mining's Savage River mine in Australia, and gold and silver from its Silver Hill (Eunsan) mine in ...
 
Aztec Resources sells Langer Heinrich uranium project (2/08/2002)
... its primary focus on the Koolan Island iron ore project and the Brockman tantalum/polymetallic project, Aztec Resources has reached agreement with Paladin Resources for the sale of its interest in the Langer Heinrich uranium project in Namibia, ...
 
Rio Tinto earnings down in soft market (26/07/2002)
... result of favourable working capital movements.Also during the last quarter first shipments from the company’s new iron ore mine at West Angelas were made in June. The recently announced projects, Comalco's alumina refinery and the Hail Creek ...
 
Portman doubles ore shipments (25/07/2002)
... has notched up a record performance from its Koolyanobbing project in Western Australia, almost doubling June quarter iron ore shipments on a year-on-year basis.The above-budget performance for the period to 30 June 2002 saw ore shipped reach ...
 
HWE completes Yandi crusher construction (24/06/2002)
... Walker Eltin has completed the design and construction of an additional crushing plant at the Yandi iron ore mine in the Pilbara region of Western Australia.The new crushing facility, (to be known as the Interim Crushing Plant) was designed ...
 
Hamerlsey formalises Baosteel iron ore JV (24/06/2002)
... Iron (RioTinto 100%) has signed an agreement with China’s Shanghai Baosteel Group Corporation to form an unincorporated iron ore joint venture operation in Western Australia.Under the agreement Hamersley will supply Baosteel with 200mt of iron ...
 
Aztec closer to mining Koolan Island (30/05/2002)
... Resources Ltd wants to buy the 30% interest of the Koolan Island iron ore project in Western Australia that it does not already own from un-named vendors.An $100,000 option agreement will give Aztec Resources the right to acquire the remaining ...
 
Iluka and Outokumpu develop new synthetic rutile process (29/05/2002)
... leach.The low temperature hydrogen based CFB reduction process has been proven on an industrial scale with fine iron ore in Trinidad in the West Indies.Successful pilot testwork with Murray Basin ilmenites utilising the complete process ...
 
Central Exchange acquires Juniper Resources (27/05/2002)
... Central Exchange Ltd has acquired Juniper Resources Ltd. Juniper is involved in six gold, base metal, copper and iron-ore resource projects in Western Australia.As part of the acquisition two of the Directors of Juniper, will also join the ...
 
BHP profits drop by a third (2/05/2002)
... recently, BHP Billiton announced a joint venture with major customer POSCO and approved the development of a new iron ore mine at Mining Area C and an expansion of its Port Hedland port and rail facilities (US$514m), both in the Pilbara region of ...
 
MGI gains exclusive access to AusIron Technology (2/05/2002)
... access its AusIron technology for the production of pig iron. The technology for direct smelting of both lump and fines iron ore is a variant on Ausmelt's operating furnaces for smelting of base metals, and is currently undergoing trials at a ...
 
Gov’t backs Geraldton harbour deepening (29/04/2002)
... for the deepening of Geraldton harbour at a cost of $100m. The commitment is however, contingent on the Mt Gibson iron ore project.Mount Gibson Iron Ltd (MGI) also confirmed it would now develop the Tallering Peak iron deposits it intends to ...
 
BHP finds the coal market gone soft (26/04/2002)
... decrease production at Escondida (Chile) and Tintaya (Peru), following the deterioration of global copper markets.Iron ore production was 8% higher than the March 2001 quarter and 5% lower than the December 2001 period. Lower iron ore ...
 
HIsmelt plant for Rio and Kwinana (24/04/2002)
... Tinto in Australia.Rio says the HIsmelt process has the potential to increase demand for Australia's reserves of iron ore by consuming the unsaleable higher phosphorous fines found in vast quantities in the Pilbara; encourage a cleaner steel ...
 
Portman extends iron exploration (23/04/2002)
... Ltd's wholly owned subsidiary, South Australian Iron Ore Group Pty Ltd (SAG), has expanded its iron ore exploration in South Australia, through a joint venture with Centrex Resources Ltd.Centrex Resources Ltd is an unlisted public company ...
 
Rio Tinto realises record $1.6b year (18/04/2002)
... main source of improvement for the Rio was its bulk commodities, due mainly to acquisitions and higher prices for iron ore and coal. The Energy and Iron Ore product groups reported a 38% increase in earnings over the previous year. Aluminium and ...
 
Portman posts record profit and shipments (18/04/2002)
... Ltd has posted a 48% increase in iron ore shipments for the March quarter from its Koolyanobbing operations in Western Australia. The increase was announced at the company’s AGM in Perth, and follows from a record profit result of $21.041m for the ...
 
Allied and Iron Ore Australia sign agreement (15/04/2002)
... Mining & Processing Ltd has signed a agreement with Iron Ore Australia Pty Ltd (ICA) to progress the company's Mt Nicholas iron ore project to full feasibility study.Mt Nicholas is located 100km northeast of Newman and east of the major ...
 
Mount Gibson moves in on Kingstream Steel (11/04/2002)
... gain access to Kingstream's technical and commercial information relating to the potential for secondary processing of iron ore (including iron pelletising) from Tallering Peak and other iron deposits held by Kingstream in the Mid-West region. The ...
 
Equinox hold key to Swedish iron giant (10/04/2002)
... Resources Ltd may have the opportunity of involvement in a major iron ore project in northern Sweden. The Swedish iron ore mining company, LKAB, has advised Equinox that the Kiruna orebody extends downdip onto Equinoxs Luossajoki exploration ...
 
A focus on teams, maintenance and safety has driven major gains (10/04/2002)
... being one of Australia's oldest iron ore operations, Hamersley's Mt Tom Price mine has been extracting major gains in efficiency and safety in the past year.Hamersley Iron's manager - Tom Price mine operations, Kim Truter, tells Australian ...
 
Ivanhoe closes financing (5/04/2002)
... Myanmar, and Eunsan in South Korea. The company produces LME Grade A copper from its Monywa joint venture in Myanmar, iron ore products from ABM Mining's Savage River mine in Australia, and gold from the Bakyrchik Mine in ...
 
BHP approves $billion Pilbara project (3/04/2002)
... Billiton has approved the development of a new iron ore mine at Mining Area C and an expansion of its Pt Hedland port and rail facilities, both in the Pilbara region of north Western Australia.Capital costs for the two projects are expected to ...
 
Ivanhoe secures $69.2m commitment from underwriting syndicate (20/03/2002)
... in Myanmar and Eunsan in South Korea. The company produces LME Grade A copper from its Monywa joint venture in Myanmar, iron ore products from ABM Mining's Savage River mine in Tasmania, and gold from the Bakyrchik mine in ...
 
Henry Walker Eltin extends Orebody 25 contract (18/03/2002)
... Walker Eltin Group Ltd has been awarded an extension of the contract it has to mine the BHP Billiton Iron Ore (BHPBIO) Orebody 25 deposit near Newman, in WA’s Pilbara region, for a further 13 months.The extension will enable BHPBIO to optimise ...
 
Mineral resources exports fall in December quarter (13/03/2002)
... down $100m (5%) to $1,998m. Commodities that recorded falls of $15–100m were: refined gold, nickel, steaming coal, iron ore, uranium, titanium dioxide pigment and refined silver.However, some major export commodities recorded increases in ...
 
Portman prepares for Capesize ships after $54m Esperance upgrade (26/02/2002)
... first Capesize vessel to service Portman Ltd’s Koolyanobbing iron ore project in WA is due to arrive in the port of Esperance within a fortnight, following today's official opening of the port's $54m upgrade by WA Premier Dr Geoff Gallop and ...
 
Boomer for BHP Billiton (15/02/2002)
... the diversity of the group's earnings base with stronger prices recorded for metallurgical coal, energy coal, gas and iron ore.The overall net decline in prices was substantially offset by the contribution from acquisitions and new operations, ...
 
Australia boasts lowest iron ore production costs in 2001 (4/02/2002)
... boasted the lowest iron ore production costs in the world in 2001, with costs having fallen by 27% since 1997.According to an iron ore cost report from researcher AME Mineral Economics, Australia not only benefited from the fall in its ...
 
BHP launches new iron ore project (30/01/2002)
... Billiton has approved a $27.5m project to produce a new, high value lump Pisolite iron ore product at its Yandi mine in Western Australia.This follows the recent signing of letters of intent with a number of major Japanese customers to ...
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