Alwyn Vorster has joined the board of graphite hopeful Mozambi Resources but will continue in his role as chief executive of API Management, which owns the West Pilbara iron ore project.
BC Iron executive director Alwyn Vorster has resigned from the company's board, following his appointment as general manager iron ore at Baosteel's majority-owned Aquila Resources.
Iron Ore Holdings confirmed today that its second-largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty's investment vehicle, has accepted BC Iron's $256 million takeover bid for IOH.
Iron Ore Holdings' Buckland project has been deemed technically and commercially viable following the completion of a feasibility study at a cost of about $30 million.
Iron Ore Holdings has taken another step towards the commencement of its Buckland iron ore project in the Pilbara, gaining environmental approval from the state government for its mine and associated infrastructure and haul roads.
Iron Ore Holdings had mixed news for shareholders yesterday, with lower costs likely to bolster its major project but heritage issues causing delays at a second project involving Mineral Resources.
