Point Roberts WA - July 8, 2011 (Investorideas.com Mining Newswire) – www.Investorideas.com, a leader in sector research for investors including mining and resource stocks, issues a trading alert for iron ore stocks.
Brazil's Vale (NYSE: VALE), the world's top iron ore miner, expects prices of the steelmaking raw material to remain above $150 a tone for at least the next five years on tight global supplies, the Financial Times reported on Thursday.
TurkPower Corporation (OTC: TRKP) shares jumped 1.24% to $0.40. The stock has moved over 40% in the past one week. On Jul 05, 2011, the company announced the purchase of 50.09% working interest in Maksor Madencilik Sanayi Ve Ticaret Anonim Sirketi (hereafter "Maksor"), the 100% private owner of the Kuluncak iron ore project in Turkey.
FERREXPO (LSE: FXPO.L) closed with a gain of 3.58% to $485.90.
Black Iron (BKI.TO) announced earlier this week that Former Ukraine Prime Minister's Advisor Jaroslav Kinach was appointed to their Board. Mr. Kinach is the former Ukraine Country Head of the European Bank of Reconstruction and Development
Iron Ore Stocks Snapshot:
BLACK IRON INC COM NPV ( Toronto: BKI.TO) surged 8.33% to $0.91
OCEANIC IRON ORE CORP (TSXV: FEO.V ) ended the day with a gain of 7.69% at $0.42.
Mechel OAO (ADR) (NYSE:MTL) jumped 3.84% to $24.62.
LEGACYIRON FPO (ASX: LCY.AX ) ended the day flat at $0.10.
TurkPower Corporation (OTCBB: TRKP) closed at $0.40
Showcase Iron Ore Stock:
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 directors, management team and employees have extensive experience and relations in the Turkish mining industry, as well as ongoing relations with the relevant government agencies, allowing TurkPower to participate in the major opportunities currently developing in Turkey.
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