Tag: iron ore

Essar plans to spend up to USD 4 billion in constructing a steel plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years. According to Welshman Ncube, the industry and commerce minister of Zimbabwe said that this would be the biggest single foreign investment 

Wuhan Iron & Steel Co (WISCO) intends to begin exploratory drilling for iron ore in Madagascar's Soalala region by the end of May 2011. WISCO Madagascar, one of several firms eager to develop the Indian Ocean Island’s mineral resources, paid USD 100 million for exploration permits in 2010. The construction phase will last four years and the actual operation should commence in five years.

On 20 January 2011, Mineração Usiminas (Usiminas) announced that the company's joint venture with Sumitomo resulted in a record production year for Usiminas.

Fortescue Metals Group Ltd (Fortescue) will invest USD 8.4 billion to expand its annual production from 55 million mt to 155 million mt.

Magnitogorsk Iron & Steel contracted Hatch Engineering & Consulting to conduct pre-project development of the Prioskolskoye iron ore field.

Sweden-based LKAB has applied for a permit from the County Administrative Board of Norrbotten, Sweden, to start test mining an iron ore body of 300,000mt in Mertainen, near Svappavaara.

African Iron Ore Investment Ltd, (AIOL) has entered into heads of agreement to acquire 61% of each of two companies which together hold the prospecting rights for a South African iron ore project.

Western Desert Resources has announced that assay results from drilling at its flagship Roper Bar Iron Ore Project in the Northern Territory of Australia have identified a new deposit at Area E.  The high grade Beneficiable ore zone is

Essar Steel has entered into deals with private iron ore miners from Orissa, including the Ahluwalia group and the Mesco group, for supplies over a 10 year period as the company seeks to buy mines overseas and apply for allotment of captive mines from

Emerging Australian iron ore miner Atlas Iron Ltd has shipped the first ore from the new Utah Point port facility, which was commissioned just recently.  The ore was produced at its two North Pilbara iron ore mines, Wodgina and Pardoo.