Rio Tinto [ASX:RIO] is set to acquire the Rincon Resources Ltd [ASX:RCR] lithium project in Argentina for $825 million.
All the Latest Iron Ore News and Developments
Australia is the largest iron ore producer in the world. Iron ore is Australia’s biggest export earner. In 2014 it contributed around $75 billion in export revenues, providing a major source of income for the country.
How does a 20% grossed-up yield sound? Canaccord Genuity says that Rio Tinto Ltd [ASX:RIO] is yielding that right now.
Fortescue Metals Group [ASX:FMG] share price was relatively flat on the news, exchanging hands for $14.05 per share at time of writing, up 0.5%.
Iron ore production fell 4% year-on-year and 3% quarter-on-quarter. BHP Group [ASX:BHP] share price are currently exchanging hands at $38.47 per share, a drop of 1.84% at time of writing.
Fenix Resources Ltd [ASX:FEX] share price to rise 8.5%. Fenix noted six shipments of iron ore from its Iron Ridge Project in Western Australia were sold during the quarter, comprising 197,848 wet metric tonnes (wmt) of lump and 143,422 wmt of fines…
QMines Shares up after Hitting High-Grade. The QMines Ltd [ASX:QML] released some results today for their drilling program at their Mount Chalmers Project.