The surge in iron ore prices over the past three years has delivered some spectacular returns for investors.Fortescue Metals Group – a pure-play iron ore stock – and Mineral Resource
Shares in Talisman Mining closed up more than 30 per cent after the company announced its first royalty payment over Mineral Resources' new iron ore mine in the Pilbara.
Prominent Aboriginal mining executive Daniel Tucker has resigned from the company he founded after it scrapped a deal with Fortescue Metals Group in favour of working with Mineral Resources.
Mineral Resources has surprised the market by purchasing an iron ore project from Australian Aboriginal Mining Corporation, and also bought into a legal fight with Fortescue Metals Group.
Australian Aboriginal Mining Corporation chairman Daniel Tucker is confident the company will become the first Aboriginal-owned and operated iron ore miner this year, after signing a mine gate sales deal with Fortescue Metals Group.
Australia is a step closer to its first Aboriginal-owned and operated iron ore mine, after a deal sealed today between Fortescue Metals Group and Australian Aboriginal Mining Corporation.
Daniel Tucker's Carey Mining has emerged as a key backer of a proposed new Pilbara iron ore mine, which has been given the green light by the Environmental Protection Authority.
