A REPORT commissioned by the Geraldton Iron Ore Alliance estimates it will cost about $5.5 billion to set up the infrastructure needed to expand the midwest mining industry.
The study was carried out by Economics Consulting Services, and assessed the economic impact for the region and state of seven midwest developments in the process of expanding [...]

Liberia`s Senate has approved a US$1 billion iron ore mining deal signed with the world`s largest steel producer, Arcelor Mittal, opening the way for the start of the project, the government said.
Liberia`s upper house of parliament approved the project in a special session late on Friday and the formal ratification was announced on Monday by [...]

Anglo American plc`s Kumba Iron Ore Ltd is in dispute with Mittal Steel South African Ltd over a plan to expand the mining company`s biggest iron-ore operation.
The dispute centres on the Sishen mine in South Africa`s Northern Cape region, the company said in a statement in its annual report on Wednesday, without [...]

Brazil’s CVRD, the world’s biggest iron ore miner, said on Wednesday it will acquire full control of its iron ore subsidiary, Mineracoes Brasileiras Reunidas (MBR), from Japanese partners.
Companhia Vale do Rio Doce previously held an 89.8 percent stake in MBR, the world’s fourth-largest iron ore producer, with output of 64.6 million tonnes in 2006. MBR [...]

Rio Tinto Group, the world’s second-largest iron ore exporter, is studying expanding annual production of the steelmaking ingredient by 36 percent in Western Australia, amid “tight” global supply.
Output may rise to 300 million tons from 220 million tons in 2009, Chief Executive Leigh Clifford said at a press conference in Perth, Australia. Sam Walsh, Rio’s [...]

A tentative deal has been reached to resolve a strike that idled the Iron Ore Company of Canada mine in Labrador City.
IOC and the United Steelworkers hammered out the deal over the weekend. About 1,000 workers had gone on strike March 9.
“The five-year pact includes base wage increases in each year, increases in pensions, medical [...]

Chhattisgarh has located four new iron ore deposits with an estimated 71 million metric tonnes of finest quality reserves.
The state’s mineral department conducted a widespread survey for a year and located iron ore reserves of over 40 million metric tonnes in Iklama and Sindhari areas in Kawardha district, an official release said Monday.
‘Besides Kawardha, 15 [...]

Anglo American Plc, the world’s second-largest mining company, will pay $1.15 billion for 49 percent of the Brazilian iron-ore project MMX Minas-Rio, the first acquisition by Chief Executive Officer Cynthia Carroll.
Anglo will buy the stake from MMX Mineracao e Metalicos SA, controlled by Brazilian billionaire Eike Batista, and Centennial Asset Mining Fund LLC, the [...]