Point Roberts WA - September 15, 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.
Rio Tinto (NYSE: RIO) announced that they are planning to spend $833 million ($A813.0 million) on power and fuel infrastructure to boost its iron ore production in Western Australia's Pilbara region.
The investment is part of a five-year program mentioned in 2010 to enhance the mining giant's production capacity in the region by 50% to 333 million tonnes per annum (Mtpa) by the first half of 2015.
TurkPower Corporation (OTC: TRKP) shares jumped 10.53% to $0.21. TurkPower Corporation is a Turkish-American junior mining company. The Company focuses on buying controlling ownership in an operational iron ore mine and several mining projects under development.
FERREXPO (LSE: FXPO.L) closed with a gain of 8.70 (2.36%) to $376.90. The stock has 52-week range of $242.90-$568.33.
United States Steel Corporation (NYSE:X) moved up 0.86% to $28.04
Pacific Iron Ore Corp. (CVE: POC) ended the day with a gain of 0.060 (31.58%) at $0.25 on bounce back.
Steel Dynamics, Inc. (NASDAQ:STLD) ended the day higher by 0.34 (2.95%) to $11.88.
AK Steel Holding Corporation (NYSE:AKS) surged 0.20 (2.38%) to close at 8.59.
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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