Magnetite iron ore peers include Champion Iron (CIA), which has a market cap of about $3.35 billion (Champion produces iron ore in Quebec, Canada), Hawsons Iron (HIO, about $114 million), Magnetite Mines (MGT, about $95 million) and Magnum Mining (MGU, about $33 million).
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From 1991 to 1992 Falconbridge operated Bell Creek followed by Kinross until the mine''s closure in 1994. Between 1987 and 1994, Bell Creek produced at a rate of 380 tpd and was reported to have produced 576,000 short tons of ore at a grade of 0.197 oz/ton (5.57 g/t) using vertical sublevel retreat, longhole, and shrinkage mining methods.
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Historical Chart. The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. The Steel Index and Metal Bulletin followed suit shortly afterwards. The industry standard specification is 62% Fe (CFR China). JavaScript chart by amCharts 3.20.4.
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