Cleveland-Cliffs Inc. (NYSE: CLF) is pleased to announce today that it has entered into a definitive agreement for the sale of substantially all of the assets of its Asia Pacific Iron Ore business to Mineral Resources Limited, a leading Australian mining services company with a portfolio of existing mining operations across multiple ...
Mining in Iran is underdeveloped, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014.
BHP has warned of rising cost pressures as it and Fortescue Metals Group push ahead with $6 billion of new iron ore projects in Western Australia, with the scramble for workers and equipment set to intensify should Pilbara rival Rio Tinto pull the trigger on its own expansion.
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