Canadian Mining Journal

Iron Ore

  • News

    IRON ORE: Arcelor Mittal suspends Mt. Wright mine expansion

    June 6, 2016 by Canadian Mining Journal

    QUEBEC – With no thanks to poor markets, ArcelorMittal announced late last week that is suspending an expansion project at the Mt. Wright iron mine. It has cancelled an overburden removal program that was to have started this month and

  • IRON ORE: Champion Iron closes acquisition of Bloom Lake property

    April 12, 2016 by Canadian Mining Journal

    QUEBEC – Champion Iron of Montreal has completed a $30 million financing and closed the acquisition of the Bloom Lake iron ore mine 400 km north of Sept-Iles. The deal included includes the former producer, related rail assets, and the

  • News

    IRON ORE: Rockex signs LOI for Lake St. Joseph project

    February 11, 2016 by Canadian Mining Journal

    ONTARIO – Rockex Mining Corp. of Thunder Bay, ON, has signed a letter of intent with Diversified Innovative Marketing Enterprises (DIME) to advance the Lake St. Joseph iron ore project 100 km northeast of Sioux Lookout. Rockex will spend $30

  • News

    IRON ORE: Adriana secures its share of Lac Otelnuk JV

    January 5, 2016 by Canadian Mining Journal

    QUEBEC – Adriana Resources of Toronto is committing $3.1 million to the Lac Otelnuk iron ore joint venture with WISCO. Wisco is investing $4.6 million as its share of the project. The total will supply approximately $660,000 per year through

  • Feature

    R&D provides much needed boost in the east

    January 1, 2016 by Phil Saunders

    Newfoundland and Labrador is one of the foremost producers of iron and nickel in Canada, ranking second in production of both metals among Canadian jurisdictions in 2014. It also produces, or has significant resources of a wide range of other

  • News

    Champion Iron buys Bloom Lake

    December 16, 2015 by Canadian Mining Journal

    Champion Iron (TSX:CIA; ASX:CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine for a fraction of its previous purchase price. Champion recently agreed to buy the mine, related rail and mineral assets in

  • News

    Cliffs closes Northshore operation amid weak iron ore demand

    November 23, 2015 by Canadian Mining Journal

    Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, said it was temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record high inventory levels amid weaker iron ore demand in the U.S. and

  • NICKEL-IRON: First Point regains 100% of Decar project

    November 19, 2015 by Canadian Mining Journal

    BRITISH COLUMBIA – First Point Minerals Corp. of Vancouver has competed the transaction to regain 100% control of the Decar nickel-iron project 80 km north of Fort St James. First Point has paid US$4.75 million to repurchase the 60% of the

  • News

    IRON ORE: Another way to approach mine development

    November 10, 2015 by Canadian Mining Journal

    MONTREAL – “I believe the traditional model for project assessment and development that relies on a net present value economic assessment based solely on economic inputs and outputs as the standard units of measure is no longer viable, nor sustainable,

  • BHP and Vale scramble to cope with Samarco disaster

    November 10, 2015 by Canadian Mining Journal

    VANCOUVER — Mining giants BHP Billiton (NYSE: BHP; LON: BLT) and Vale (NYSE: VALE) haven’t offered much detail relating to a large scale tailings dam breach at the Samarco iron ore joint venture in Brazil’s Minas Gerais State, but reports already indicate it will likely

  • News

    IRON ORE: Rockex updates Lake St. Joseph PEA to $9.4B NPV before tax

    October 15, 2015 by Canadian Mining Journal

    ONTARIO – Toronto-based Rockex Mining Corp. has updated the preliminary economic assessment for its Lake St. Joseph iron project 100 km northeast of Sioux Lookout. At a pre-tax, 6% discount the project could have a net present value of $9.42

  • News

    Oceanic Iron Ore gets interest from China’s Sinohydro

    October 7, 2015 by Canadian Mining Journal Editor

    Sinohydro, one of China’s oldest state-owned enterprises set up shortly after Chairman Mao Zedong’s Communist party swept to power in 1949, says it is “willing and ready” to become an equity shareholder in Oceanic…