Vale has announced a landmark agreement with Anglo American to acquire a 15% ownership stake in Anglo American Minério de Ferro Brasil, marking a strategic partnership that encompasses the renowned Minas-Rio complex and Vale’s Serra da Serpentina resources in Brazil. This significant move, valued at US$ 157.5 million, includes a supplemental cash disbursement by Vale […]
Alien Metals Ltd (AIM: UFO), a prominent minerals exploration and development company, has recently announced the results of its Development Study for the Hancock Iron Ore Project located in the Pilbara Region of Western Australia. The study, a collaborative effort with Mining Plus Pty Ltd, Burnt Shirt Pty Ltd, and internal UFO personnel, highlights the […]
Rio Tinto has authorized a significant investment of $77 million (A$110 million) for a pre-feasibility study (PFS) on the Rhodes Ridge iron ore project in the East Pilbara region of Western Australia. This project is recognized as one of the world’s premier undeveloped iron ore deposits. Exploration and Development Plans for Rhodes Ridge Following the […]
Juno Minerals has executed a non-binding Memorandum of Understanding (MOU) with the Southern Ports Authority (SPA), securing a proposed 1.5 million tonnes per annum (mtpa) capacity allocation through the Esperance Port’s iron ore circuit. This pivotal step finalizes the logistics supply chain needed for the progression of the Mount Mason DSO Hematite Project in Western […]
NRW Holdings Limited announced that its wholly owned subsidiary, Primero Group Limited, has been awarded a significant contract by Rio Tinto for work at the Western Range Mine Site in the Pilbara region of Western Australia. The contract, valued at approximately AUD 54 million, further strengthens NRW Holdings’ position in the mining and construction industry […]
Australian iron ore company Fortescue Metals, through its joint venture company Ivindo Iron, has signed the Mining Convention with the Gabonese Republic for the Belinga Iron Ore Project in Gabon. The Mining Convention facilitates the first mining of ore in the second half of 2023 and unlocks growth opportunities for Fortescue Metals and Fortescue Future […]
Anglo-Australian multinational mining company Rio Tinto has agreed with Wright Prospecting to update a five-decade old joint venture to develop the Rhodes Ridge iron ore project in Australia. Rio Tinto and Wright Prospecting own a 50% stake each in the joint venture that was set up back in 1972. The agreement is aimed at modernizing […]
Jindal Steel & Power Limited (JSPL) has secured the mining lease of the Kasia iron ore mine in Odisha from the state government. The company has been declared by the Odisha government as the preferred bidder for the iron and dolomite mine at a premium of 118.1%. According to Jindal Steel & Power, the Kasia […]
Godawari Power and Ispat Ltd (GPIL) said that it has secured permission from the Chhattisgarh Environment Conservation Board for boosting iron ore production from its Ari Dongri Iron Ore Mines in the state to 2.35 million tonnes per year (MTPA). The approval is for the company’s existing mining lease area of 138.96 hectares in Kachche […]
TerraCom Limited said that its fully-owned subsidiary has signed a memorandum of understanding (MoU) with Bellzone Holding for acquiring the Kalia iron ore project in Ghana. The exclusive non-binding MoU is contingent on preceding customary conditions, which include due diligence, regulatory approvals, and others. The Kalia iron ore project is located in the Faranah prefecture. […]