Baobab Resources today said it was very pleased with the progress being made at the Ruoni flats part of its flagship Tete iron ore project in Mozambique.

The company’s current drilling programme on the Ruoni flats area has encountered a heavily mineralised package, which it believes is a continuation to the Ruoni North and Tenge resource blocks.

Equatorial Resources is listed on the Australian Stock Exchange and is exploring and developing two large scale, high grade iron ore projects in the investment-friendly Republic of Congo, in Central West Africa. The Mayoko-Moussondji iron project (Mayoko) and the Badondo iron project (Badondo) are both 100% owned by Equatorial.

Last year was described as a "milestone" one for London Mining, in which it moved from developer to producer in Sierra Leone, where it owns the Marampa iron ore project.

It gives Afferro a significant cash boost and allows it to focus on the development of its wholly-owned assets in Cameroon.

It gives Afferro a significant cash boost and allows it to focus on the development of its wholly-owned assets in Cameroon.

Iron ore specialist Strategic Minerals this morning beefed up its board with heavyweight appointment of George Cardona as non-executive director.

Iron ore pellet producer Ferrexpo has been in business for over thirty years but its operations have gathered renewed momentum recently. The question is can it maintain the momentum?

Shares in Strategic Minerals were up strongly after signing a supply agreement with Glencore International, the world’s largest commodity trader. At 2pm the shares were changing hands at 11.75 pence each, up 6 per cent, after peaking earlier in the session at 12.25 pence.

Strategic Minerals this morning received a huge tick in the box for its Cobre iron ore project in New Mexico in the form of a supply agreement with Glencore International (LON:GLEN), the world's largest commodity trader.

Baobab Resources this morning revealed the hotly-anticipated resource statement for the Tenge prospect, part of the company’s Tete iron ore project in Mozambique.

Strategic Minerals announced this morning it earned its first revenue from the Cobre stockpile project in New Mexico. Shipments totalling 1,200 tonnes of magnetite iron ore were made to an agricultural business and concrete manufacturer, both in the US.

Broker Fairfax believes companies involved in developing iron ore mines in west Africa may get re-rated this year if they have the right combination of resources and infrastructure.

Baobab Resources said this morning that International Finance Corporation is supporting the company’s 2012 exploration programme with US$1.9 million of funding.

London Mining announced today a US$90 million financing to speed up production from the Marampa mine. The extra funds mean the expansion can be accelerated to reach 5 million tonnes per annum (Mtpa) by 2014 instead of 4.6 Mtpa, previously targeted

Parys mountain holds promise in a segment of the stock market where there are very few other promising copper development stories, according to Ambrian.

Strategic Minerals underlines that old adage that good things come in small packages. Focused on magnetite, it has a project on the cusp of production, is very close to acquiring development assets and has the all-important blue-sky exploration investors look for.

Afferro Mining is poised for an exciting 2012 as it pushes ahead with the accelerated development of the Nkout iron project in Cameroon.

Afferro shot up over 40 per cent this morning after it revealed a US$115 million deal to sell its stake in the Putu iron ore project to an Severstal Resources associate company, called Lybica Holdings.

Chief executive Ben James is quite confident that the Tete project’s global resource will be knocking on the door of half a billion tonnes. That will be more than enough for the project, he says. The comments come after Baobab smashed its 300 million tonne resource target on Wednesday.

Baobab Resources has comprehensively smashed the 300 million tonne resource target it set for the Tete iron ore, vanadium and titanium project in Mozambique. It follows the completion of the resource estimate on the Ruoni South area, which expands the company’s total resource base to 324 million tonnes from 267 million tonnes previously.

Independent consultants have judged that the base-case scenario for Baobab’s iron, vanadium and titanium project at Tete in Mozambique demonstrates “viable project fundamentals”

Afferro Mining said it will focus on bringing its iron ore assets to feasibility stage “as soon as possible”  and work on further increasing the resource at the Nkout project in Cameroon.

With a 41 per cent uplift in resources Nkout is now estimated to contain 2 billion tonnes of iron ore, with an average grade of 32.2 per cent.

Evolution Securities rates the firm as “a very competitive iron ore producer” and has stuck with its 504 pence per share price target 

Baobab Resources has added more than 100 million tonnes to the JORC compliant resource at its iron ore project in the Tete region of Mozambique.

Shares in Baobab Resources spiked 10 per cent in morning trade after an upbeat set of drilling results from the company’s Tete iron ore project in Mozambique. It said the latest data underlines the quality and scale of the deposit. 

Baobab Resources said its latest drilling results underline the quality and scale of its iron ore project in the Tete region of Mozambique. The data from the Ruoni South deposit returned some significant drill intercepts, including one 136 metre section at 32 per cent iron ore, giving a Davis Tube Recovery grade of 64 per cent. 

The company said it has identified a number of prospective targets at the Ntem iron ore permit in south-west Cameroon. The strongest of these displays magnetic properties similar to those of the company's other projects, Putu and Nkout.