The Dow index gave up last week's success and slipped back slightly over the weekend. US and European stock markets closed lower on Friday after the latest US corporate results disappointed high hopes and pushed Wall Street back down through the key 10,000 points level.
A group of junior miners in Pilbara region have formed an alliance to develop an independent iron ore export terminal at Australia's Port Hedland, while the big miners have dominated their own infrastructure projects.
Brockman Resources Limited (ASX:BRM) Delivers 40% Increase In Marillana Iron Ore Resource To 1.6 Billion Tonnes
Western Australian iron ore company, Brockman Resources Limited (ASX:BRM), has firmly cemented the world-class credentials of its flagship Marillana Iron Ore Project in the Pilbara region of Western Australia, today announcing another major increase in the JORC Code compliant resource estimate to 1.6 billion tonnes of haematite mineralisation.