Company Announcement: Rio Tinto completes formation of Simandou joint venture with Chalco

Rio Tinto and Chinalco's listed subsidiary, Chalco, have completed the formation of their joint venture (JV) to develop and operate the Simandou iron ore project in Guinea, following the completion of all Chinese regulatory approvals.

Ivanhoe reassures minorities after Rio says to seek changes

Ivanhoe Mines, now majority owned by Rio Tinto, said on Friday an agreement with the diversified major stipulated that a majority of its 14-member board had to be independent directors. Rio Tinto bought an additional 2% of Ivanhoe’s stock this...

Simandou mega iron-ore project, Guinea

Rio Tinto is accelerating the development of the Simandou iron-ore project.

Rio Tinto approves another $1.3bn for Simandou

Diversified miner Rio Tinto has approved another $1.328-billion for its Simandou iron-ore project in Guinea, bringing the total commitment to the project to $3-billion. The miner said on Tuesday it was accelerating the development of the project,...

Rio's $700m tax to boost Guinea's infrastructure

he government of Guinea will use 35% of a $700-million windfall from Anglo-Australian miner Rio Tinto to rebuild the mineral-rich West African nation's broken infrastructure, a Guinean official said on Sunday. Rio struck a deal with Guinea in...

Company Announcement: World Risk Development September 2011-Spotlight on resource nationalism

This month's issue of EFIC’s newsletter, World Risk Developments, focuses on so-called resource nationalism.

Rio partners with Chinalco to explore in China

Diversified miner Rio Tinto has formed a joint venture (JV) partnership with Chinese major Chinalco to explore mineral deposits in mainland China. The JV vehicle, which would operate under the name Chinalco Rio Tinto Exploration (CRTX), would...

Rio Tinto exports 1-billionth ton of iron-ore to China

Diversified miner Rio Tinto on Thursday shipped its one-billionth ton of iron-ore from its operations in Western Australia to customers in China. The billionth ton was loaded onto the Yi Da at its Cape Lambert port operations with a cargo of 205...

The rise, and rise, of illegal mining

Ever since 33 miners were rescued from a Chilean mine last year, the spotlight has been firmly trained on the Latin American mining industry. And with it, a crackdown on illegal mining operations.

Simandou iron-ore project, Guinea

The current plan for the Simandou iron-ore project includes the construction of a mine with a capacity of 95-million tons a year of high-grade iron-ore.

Monax buys bauxite tenements in Queensland

ASX-listed Monax Mining has bought two prospective bauxite tenement in Queensland’s Cape York, following a due diligence. Monax signed an option agreement with Delminco for five tenements within the Pretender Creek area early last year. At the...

Lack of skilled labour increases costs to mining industry

As the mining industry continues to wrestle with skilled and experienced workers, what does it mean for mining companies’ bottom line - particularly in Chile where cooper mining accounts for 49 percent of exports?