Fri, 26th Nov 2010 14:53
Anglesey Mining has agreed to acquire a controlling interest in the Grangesberg iron project in Sweden. Prior indications are that Grangesberg, which was closed in 1989, has at least 115m tonnes of iron ore containing around 40% iron, with geological conditions that Anglesey said make the project w
Read moreLONDON (Alliance News) - Anglesey Mining PLC Thursday said it has made an agreement giving it the right to acquire a controlling interest in the Grangesberg Iron project in Sweden from Roslagen Resources AB, a Swedish private company. In a statement, Anglesey said it has initially bought a
Read moreBad weather and delays involving contractors hit Canadian iron ore operations part-owned by Anglesey Mining, knocking its shares. Anglesey, whose major business is its 15% stake in Toronto-listed Labrador Iron Mines (LIM), blamed rough weather in March and April and slower-than-expected contractor
Read moreAnglesey Mining's associate, Labrador Iron Mines (LIM), has signed a two-year agreement with the Iron Ore Company of Canada (IOC) for the sale of all of LIM's iron ore production in the 2013 and 2014 calendar years. IOC will pay for the iron ore progressively, as the ore is resold, with the price
Read moreThe FTSE Small Caps index gains 0.05 percent in morning trade, tracking similar modest gains by the FTSE 250 index, also up 0.05 percent, with the FTSE 100 index flat. Premier Foods gains 2.3 percent as the food producer confirms that fourth-quarter 2012 trading was in line with its expecta
Read moreEmpyrean Energy said the average daily equivalent oil rate at the Tipton Jonas well over the past 30 days was 595 barrels of oil equivalent per day (boe/d), with a total condensate production of 15,101 barrels and total gas production of 16.5m square cubic feet (scf). At the Brysch Jonas B well it w
Read moreAnglesey Mining said a blockade by locals at Labrador Iron Mines (LIM), in which it owns a minority stake, had been lifted after five days. Locals were staging a protest against the Quebec 'resource development plan', also known as Plan Nord. This economic strategy, launched last year by the gover
Read moreInternational Mining and Infrastructure Corporation rose 9% on Wednesday morning after it said its strategic partner had signed an agreement that will see its iron sold to the Chinese market. The firm's partner, African Iron Ore Group, has signed the deal with China Railway Materials Company, one of
Read moreAnglesey Mining gained as much as 8% this morning, before falling back to its overnight closing level, after announcing new drilling at its 100% owned Parys Mountain site in North Wales. The company says it will initially drill 4 holes to assess the remaining copper, zinc and lead resources at the
Read moreA second train is now operating at Anglesey Mining's part-owned James Mine and Silver Yards processing plant in Quebec, enabling its 33%-owned associate Labrador Iron Mines to ramp up the movement of iron ore. "This second train will permit the rapid acceleration of the tonnage of iron ore moving t
Read moreMineral exploration outfit Beowulf has added ground after finishing its 32-hole drill programme on its wholly-owned Kallak iron ore deposit in northern Sweden. "We remain convinced of the quality and quantity of our iron ore assets and firmly believe that Kallak will prove to be a major iron ore bo
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