Century Iron Mines, an iron ore miner with projects in Quebec and Newfoundland and Labrador, has reached a $120 million development cope with WISCO Resources, among the third largest steel producer in China.

WISCO Resources, which holds an approximate 25% interest in Century Iron, invested $120 million in return for a 40% fascination with three of Century Iron Mines’ projects, Duncan Lake, Attikamagen and Sunny Lake. Funds might be used for exploration and development.&nbs ... Read More

They were supposed to be the vessels that will ferry iron ore from the world’s largest exporter to the world’s largest customer of the crucial steelmaking ingredient. Instead, Vale’s new fleet of iron ore carriers could remain moored at home docks because the Chinese don’t want them.

 

Bloomberg reports that the Vale Brasil, the largest bulk carrier ever built, was designed to carry iron ore to China from Vale’s mines in South America, but it has not made on ... Read More

The price of iron ore spiked to a one-month high today, with benchmark Australian iron ore rising to $140 a tonne.

 

FT (sub required) reports that Chinese steelmakers, which halted spot market purchases last month amid concerns about an economic slowdown and tight credit conditions, are able to obtain import financing. That, combined with higher steel prices, is boosting iron ore prices.

 

MINING.com argued last week that although iron ore ... Read More

Rescuers make their way into a mine after it collapsed in Heshan in Guangxi Province, China, where rescuers found three bodies at the site of the accident on Saturday. China suffered two mining accidents that left three workers dead and 42 people trapped underground, state media said, the latest incidents to hit the nation’s dangerous collieries.

A buildup of volatile gas hampered ... Read More

XSD Series High-efficient Gravel Washer, which is used for washing away the stone powder and impurity in the sand made by the Sand Making Machine, to increase the sand quality, is an equipment to wash sand in coordination with the sand making machine. The Gravel Washer is widely used in washing, grading and dehydrating quartz sand in Sand stone factories, Construction site, Glass Factory and so on.

Features Of The Gravel Washer in my company ... Read More