MGX Resources Ltd
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Mt Gibson Iron Moves into Gold with Central Tanami Acquisition from Northern Star
Mount Gibson Iron (ASX: MGX) is looking to add gold production to its portfolio with an agreement signed to acquire a 50% interest in the Central Tanami Project Joint Venture (CTPJV) from Northern Star Resources (ASX: NST). The iron ore company will pay $50 million for the interest in the CTPJV and a number of […]
Have iron ore miners been oversold or should investors ‘steel’ for more ferrous pain?
The pundits were right, for once: the laws of market gravity were always going to catch up with the price of iron ore, which in a matter of weeks has tumbled more than 50% from its nosebleed territory of US$220 a tonne. Still, no-one quite predicted the extent of the rout which stems from the […]