How high can iron ore prices go?

How high can iron ore prices go? Iron ore is going gangbusters. Hungry Chinese steel mills, which are producing more than 90 million tonnes a month, pushed iron ore prices to two-month highs on Friday. Prices have now improved for six straight days to around $US130 per tonne. They’re up 10 per cent just in…

Magnetite shifts into high gear after oversubscribed rights issue raises $5.95m

Magnetite shifts into high gear after oversubscribed rights issue raises $5.95m   Special Report: Magnetite Mines has received a resounding vote of confidence from its shareholders after its $5.65m rights issue closed significantly oversubscribed. A further $300,000 was placed to lead manager Mahe Capital in lieu of cash fees payable under the underwriting agreement, taking the…

Magnetite Mines firms up Razorback’s potential for higher grade, lower cost iron ore

Magnetite Mines firms up Razorback’s potential for higher grade, lower cost iron ore Special Report: Studies have shown that selective mining of Magnetite Mines’ 4-billion-tonne Razorback iron ore mine in South Australia could significantly boost the economics of the project. Initial studies have confirmed the lateral continuity of high-grade iron ore horizons within the existing resource are…