Company Announcement: JORC Hematite resource at Mayoko increased 267% to 121 Million Tonnes

Australian based iron ore development company, African Iron Limited is pleased to announce a 121 million tonne mineral resource update at its 92% owned Mayoko Iron Ore Project, located in the Republic of Congo, West Africa

Noble wrapping up acquisition of Territory

Commodities trader Noble has reached a 90.5% ownership of ASX-listed Territory Resources, allowing it to proceed with the compulsory acquisition for the outstanding shares in the iron-ore miner. The board of Territory had backed Noble’s rival...

Exxaro says still keen on iron-ore as it bows out of Territory takeover

South African diversified miner Exxaro Resources said on Thursday that it would not increase or extend its 46c-a-share takeover offer for Australian iron-ore miner Territory Resources. Exxaro, which was trumped by Territory shareholder Noble with...

Exxaro reviewing its options after Noble trumps Territory bid

South African diversified miner Exxaro on Thursday urged Territory Resources shareholders not to take any action on the A$132.6-million offer from Hong Kong-based Noble Group. Exxaro, which is offering A$123-million for Territory, is reviewing...

Exxaro makes A$123m takeover offer for Australian miner to boost iron-ore profile

Territory is the owner and operator of the Frances Creek mine, in the Northern Territory of Australia, which produces between 1,6-million tons and 1,8-million tons a year of direct shipping ore. The company also owns rights to iron-ore tenements...

Master removes gold liquidators, Exxaro bids for iron-ore asset

The Master of the High Court of South Africa has removed Pamodzi Gold liquidators Enver Motala and Gavin Gainsford and South African diversified miner Exxaro has announced a A$123-million takeover offer for Australian iron-ore miner Territory...

Exxaro bids A$123m for Australian miner to boost iron-ore profile

South African diversified miner Exxaro aims to produce ten-million tons a year of iron-ore over the next five to ten years, CEO Sipho Nkosi said on Monday, as the company announced a A$123-million takeover offer for Australia’s Territory...

Territory’s interim profit falls on wet weather

Iron-ore-miner Territory Resources’ interim profit fell by 27%, as wet weather impacted on its operations. Profit fell to A$9,93-million in the six months ended December, compared with the A$13,6-million in the previous corresponding period.

Territory Resources Q2 iron-ore output down 30%

Iron-ore-miner Territory Resources on Monday reported a 30% drop in its second-quarter production, owing to an “intense” wet season, which impacted on operations at its Frances Creek mine. The mine, in the Northern Territory, produced a...

Territory commissions beneficiation plant at Frances Creek

ASX-listed Territory Resources has started the commissioning of its A$4,3-million iron-ore beneficiation plant at the Frances Creek mine. Territory said in a statement on Tuesday that 800 000 t of 51% iron scalp ore have been stockpiled near the...

Territory says shipments, production below forecast

Iron-ore-miner Territory Resources said that its ore production and shipments were below its forecast in the quarter ended September, falling by 14%. The company produced 463 510 t of high-grade lump and fine material from its Frances Creek mine...

Territory posts A$41m profit on Frances Creek turnaround

Australian iron-ore producer Territory Resources swung back into the black in the 2010 financial year, announcing a A$41,3-million net profit after tax for the 12 months ended June 30. This represented a A$112,7-million turnaround in its...