WA approves A$400m Rio Tinto railway line, power investment

The Western Australian state government on Thursday cleared the way for a A$400-million rail and power investment by diversified giant Rio Tinto. Premier and State Development Minister Colin Barnett reported that the government had granted Rio a...

Hope Downs 4 iron-ore project, Australia

Rio Tinto has approved an investment of $1,6-billion to develop the Hope Downs 4 project.

Rio Tinto awards $1,3bn Hope Downs 4 EPCM contract

Diversified resources group Rio Tinto has awarded a $1,3-billion engineering, procurement and construction management (EPCM) contract to Texas-based engineering firm KBR for the Hope Downs 4 iron-ore mine, in Western Australia. Construction on...

Rio Tinto opens 22Mt/y iron-ore mine in Pilbara

Diversified miner Rio Tinto on Thursday officially opened its Brockman 4 iron-ore mine, in the Pilbara region of Western Australia. The $1,5-billion mine would initially produce 22-million tons a year of high-grade iron-ore, with the opportunity...

‘Provisional' iron-ore prices poised to become settlement prices – analysts

There may not be an iron-ore price settlement at all this year, and the "provisional" prices that are being charged by iron-ore producers may become the effective benchmark settlement prices, analysts tell Mining Weekly Online. Drama clouded this...

Floods disrupt Rio Tinto’s Pilbara iron-ore operations

London-based diversified miner Rio Tinto has suspended all operations at its Pannawonica and Brockman/Nammuldi iron-ore operations, in the Pilbara region of Western Australia, owing to heavy rains. Pit operations at the Tom Price and Paraburdoo...

Rio Tinto earnings down 50% on aluminium writedown

London-based Rio Tinto’s profit took knock in the 2008 financial year, after the company had to write down the value of its aluminium business. Rio Tinto, one of the world’s top diversified mining companies, reported that net earnings for the...

Rio Tinto settles price increases with Asian steelmakers

Diversified-miner Rio Tinto announced on Tuesday that it reached an agreement with all its customers in Asia for iron-ore deliveries from Hamersley Iron, Robe River and Hope Downs for the contract year commencing April 1, 2008. The new...

Company Announcement: Rio Tinto announces further iron ore price settlements

Attached please find a press release on: Rio Tinto announces that it has reached agreement with all of its customers in Asia for iron ore deliveries from Hamersley Iron, Robe River and Hope Downs for the contract year commencing 1 April 2008.

Consumption of iron ore skyrocketing

A worldwide iron-ore supply deficit of between 20-million tons and 25- million tons is likely in 2008, international financial services group Credit Suisse states. This deficit comes on the back of a high demand from steel mills. Credit Suisse...

Consumption of the ferrous metal skyrocketing

A worldwide iron ore supply deficit of between 20-million tons and 25-million tons is likely in 2008, international financial services group Credit Suisse states. This deficit comes on the back of a high demand from steel mills.

Hope Downs 4 expansion project, Australia

The project will involve a feasibility study to expand the Hope Downs 4 project.