Latest Iron mining Stories

GRAND RAPIDS, Minn., May 21, 2013 /PRNewswire/ -- Magnetation LLC (Magnetation) announced today that it has successfully completed a $325 million senior secured notes offering and has entered into a $50 million senior secured credit facility. The proceeds from the notes offering will be used for capital expenditures to construct a new concentrate reclamation plant northwest of Coleraine, Minnesota and a new manufacturing plant in Reynolds, Indiana to produce high-quality iron ore...

CLEVELAND, March 11, 2013 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it expects to idle its Wabush Pointe Noire pellet plant within the city of Sept-Iles in Quebec by the end of the second quarter of 2013. The Company indicated that its decision to idle its iron ore pellet operation is due to high production costs and lower pellet premium pricing which is expected to persist in certain markets during the year. (Logo:...

GRAND RAPIDS, Minn., Feb. 26, 2013 /PRNewswire/ -- Magnetation LLC (Magnetation) announced today that it has successfully closed $110,000,000 of Senior Secured Credit Facilities (Credit Facilities). The Credit Facilities are comprised of a $25,000,000 Senior Secured Revolving Credit Facility, $50,000,000 Senior Secured Term Loan A and $35,000,000 Senior Secured Delayed Draw Term Loan. The proceeds from the Credit Facilities will be used for growth-related capital expenditures for...

DEERFIELD BEACH, Fla., Feb. 20, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its CDII Minerals subsidiary has begun delivery of 10,000 metric tons of iron ore produced in Ecuador to a major Chinese trading company. The company expects to...

HIBBING, MN, Feb. 11, 2013 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML" or the "Company") is pleased to announce that it has entered into a long term iron ore pellet off-take agreement with ArcelorMittal USA ("AMUSA"). The term of the agreement is ten years and the supply of pellets is expected to commence during the second half of ESML's fiscal year ending March 31, 2014. As per the agreement, ESML will supply 3.5 million metric tonnes of standard and fluxed iron ore...

SHANGHAI, Feb. 7, 2013 /PRNewswire/ -- Linkwell Corporation "Linkwell" (OTCQB: LWLL) announced today its wholly owned subsidiary, Metamining Nevada, Inc., ("Metamining") expects to begin delivery of iron ore from Mobile Alabama to end customers in China in the second quarter of 2013. Metamining has exclusive rights to the management, operations, and resale of approximately five million tons of iron ore in Mobile, Alabama. This iron ore is estimated to have 62% in iron content...

CLEVELAND, Feb. 7, 2013 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it has rescheduled its fourth-quarter 2012 earnings release and conference call dates. The earnings release date has changed from Wednesday, Feb. 13, 2013 to Tuesday, Feb. 12, 2013, after the U.S.-market close, due to scheduling conflicts. The Company will host a conference call with securities analysts and institutional investors to discuss the results at 10:00...

CLEVELAND, Jan. 24, 2013 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that as a result of its goodwill impairment test conducted in the fourth quarter of 2012, the Company has determined that approximately $1 billion of goodwill related to Cliffs' 2011 acquisition of Consolidated Thompson Iron Mines Limited is impaired. The goodwill impairment charge will be recorded as a non-cash expense for the year ended Dec. 31, 2012. The impairment is...

FARMINGTON, Conn., Dec. 20, 2012 /PRNewswire-iReach/ -- The metal powder manufacturing industry is estimated to be worth $6.6 billion. Together the top six or seven companies that are well established in this field make up roughly one-third of the market--the remaining two-thirds being comprised of small and medium-sized companies spread across various countries. In terms of geographical distribution, the U.S. continues to claim a high proportion of the total volume of powder metal...

TSX.V: AWS VANCOUVER, Dec. 11, 2012 /PRNewswire/ - Robert L. Card, President of Arrowstar Resources Ltd., (TSXV: AWS), (the "Company") reports that the Company has  commissioned Inspectorate in Vancouver to complete an analysis of 105 rock samples (that included non-magnetite samples) that were categorized into two batches, the Piling group that is closely located to the ground magnetic survey high identified near claim 14 of the property and the Beach group located near Claim...