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For investors following iron ore stocks, the China Iron & Steel Association (CISA), is in stages of getting approval to publish an iron ore index. Since China is one of the largest driving factors in the sector, the data will be critical to investors .
http://www.chinaisa.org.cn/index.php
TurkPower Corporation (OTC:TRKP) shares ended flat to $0.30. On Tuesday, the company announced the signing of a cooperation agreement between its subsidiary Maksor Madencilik Sanayi Ve Ticaret Anonim Sirketi (hereafter "Maxore") with the Austrian beneficiation plant manufacturer.
Oceanic Iron Ore Corp (CVE:FEO) closed with a gain of 2.50% to $0.40. The company announced the appointment of SGS in Lakefield to conduct bench scale metallurgical testing, including head assays, Wilfley table gravity testing and Davis tube testing, on some 800 samples from the Company's Hopes Advance Bay project.
BLACK IRON INC COM NPV ( Toronto: BKI.TO ) surged 0.92% to $28.49. The company is schedule a conference call for Wednesday, August 3, 2011 at 10:00 a.m. Central (11:00 Eastern) to discuss fourth quarter and fiscal year 2011 results.
Advanced Explorations Inc (CVE:AXI) rose 1.03% to $0.49. The company updated progress on its metallurgical test work completed on the A/B Zone of its Roche Bay Iron Project. The A/B Zone is located on strike with the Company's Roche Bay Project C-Zone on the east coast of the Melville Peninsula in Nunavut, Canada.
Iron Ore Stocks Snapshot:
- Mechel OAO (ADR) (NYSE:MTL) jumped 1.75% to $25.62.
- Champion Minerals Inc. (TSE:CHM) ended lower by 5.14% to $1.66.
- Labrador Iron Mines Holdings Limited (TSE:LIM) fell 2.30% to $11.49.
- Adriana Resources Inc. (CVE:ADI) fell 3.03% to $0.96.
TurkPower Corporation (OTCBB:TRKP) is a Turkish-American junior mining company that is acquiring controlling ownership in an operational iron ore mine and several mining projects under development in Turkey. TurkPower's sole focus is on the booming Turkish mining industry, where it aims to become a leader in developing, operating and owning base metal mines by acquiring and consolidating operational mines with proven reserves, utilizing economies of scale to increase returns as well as developing new mining assets. TurkPower's board of
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