TurkPower ($TRKP) just announced its new majority-stake (50.09%) interest in a privately owned iron ore project in Turkey.
Upon complete acquisition of this interest (by year-end), TurkPower will have invested $15 million Euros for 73 million shares in the open-pit Kuluncak mine, which is estimated to have 20 million metric tons of iron ore -- an estimated worth of $3 billion based on current prices.