Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]

As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the Company provided commentary on expected pricing for its North American [...]

DMC Mining released the findings of the scoping study completed by GRD Minproc on its 80% owned Mayoko Iron Ore Project in The Republic of the Congo, reporting that the Mayoko Iron Ore Project is at an early stage of development. Preliminary economics appear attractive and justify advancing to a more detailed level of assessment. [...]

Stellar Resources provided an update on its iron ore project at Tarcoola in central South Australia, reporting that Hole PD007 has extended the width of the main body of iron rich magnetite mineralisation by some 30% on Section 6609770N. Hole PD007 also intersected a 37m wide zone of hematitemagnetite-quartz mineralisation within the magnetite zone. It [...]

China’s Sinosteel Corp. said Wednesday it has boosted its stake in Australian iron ore miner and developer Midwest Corp. to 28.4 percent, from 19.9 percent.
The Chinese metals trader, which is battling Murchison Metals Ltd. for Midwest, is bidding 1.36 billion Australian dollars (US$1.3 billion; ?830 million) in an offer that ends June 13.
Sinosteel had 60.4 [...]

Ironclad Mining advised that the Company continues to make good progress towards the development of the Wilcherry Hill Crystalline Magnetite Project to export iron ore to China and other East Asian customers. The Company reported more excellent results from resource extension and exploration drilling; South Australian Government moves to establish bulk commodities port for iron [...]

Black Fire Energy announced that they have entered into a conditional Heads of Agreement to acquire a 100% interest in AICO Ado Ibrahim Mining Company in Kogi State, Nigeria. The Company reported it is to acquire advanced package of iron deposits; and package contains six projects containing magnetite style mineralisation - potential for hematite mineralisation [...]

Pilbara explorer, Warwick Resources Limited announced its largest iron ore target to date following a detailed mapping and sampling programme at its Woggaginna project in Western Australia’s Pilbara region.
Woggaginna is located 55km southeast of Newman and 35km south of BHP Billiton’s Jimblebar iron ore mine and railway.
The Woggaginna project contains an extensive cluster of [...]