Noront’s poor performance presents buying opportunity - analyst

TSX-V-listed Noront Resources, which has projects in Canada’s Ring of Fire region, has seen its share price plummet by 50% over the past year, in an environment of higher commodity prices and bigger risk appetites from investors, leading an...

Best still to come for Ring of Fire discoveries – Noront

Canada's bustling Ring of Fire mining camp is still in its infancy, and the big discoveries there are yet to be unearthed, the CEO of Toronto-based Noront Resources said on Thursday. “It's still a very early stage exploration camp and the major...

KWG defends Spider merger plan

A proposed merger between KWG Resources and Spider Resources is the “logical next step”, the former said in a statement on Monday. The junior company was responding to a statement from US coal- and iron-ore producer Cliffs Resources, which...

KWG, Spider plan merger to fend off Cliffs

KWG Resources and Spider Resources, the Canadian juniors being targeted by US coal and iron-ore miner Cliffs Natural Resources, have agreed on a merger transaction that would give the combined company a controlling stake in an attractive chromite...

Cliffs completes Freewest acquisition

US-based Clifs Natural Resources has completed its acquisition of junior Freewest Resources Canada, the companies announced The transaction, in which Cliffs paid 0,02016 of its shares for each Freewest share, was approved on Monday by Freewest...

Noront out of the running for Freewest

TSX-listed Noront Resources has bowed out of the battle for explorer Freewest Resources Canada, after just 4,5% of the other company's shares were tendered into its hostile offer before it expired on Friday. Noront confirmed that it did not...

Noront bolsters offer for Freewest, topping Cliffs

Toronto-based Noront Resources has jumped back into the fight for Freewest Resources Canada, raising an earlier hostile bid to beat a friendly offer for Freewest from US miner Cliffs Natural Resources. Noront said on Monday that its “final”...

Cliffs prepares to tackle ferrochrome market

Cleveland, Ohio-based Cliffs Natural Resources, which already sells iron ore and coal to steelmakers, now expects to be producing and shipping ferrochrome, an ingredient used to prevent corrosion in stainless steel, by 2015. On Monday, the...

Cliffs agrees to buy Canada's Freewest

US iron-ore and coal miner Cliffs Natural Resources has agreed to buy Montreal-based chromite junior Freewest Resources, the two companies announced on Monday. Freewest is exploring in Canada's 'Ring of Fire' district, an emerging multimetal...