Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

Company Announcement:AIOG and SOGUIPAMI form JV for 51% ownership of Simandou South Infrastructure Company SPV Simfer

Conakry, Geneva and London: African Iron Ore Group Limited and Société Guinéenne du Patrimoine Minier, the Government of the Republic of Guinea’s investment vehicle, are pleased to announce their agreement to form a joint venture company,...

Rio's Zimbabwe spin-off covets Murowa diamond mine

Zimbabwe's RioZim Limited has opened talks with Rio Tinto in a bid to take full control of the Murowa diamond mine as the global mining major seeks to leave the gem business, a key shareholder said on Thursday. Rio Tinto has a 78% stake in...

$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

China's top aluminium province idles plants as demand slows

China's top aluminium-producing province has idled about 700 000 t of capacity in recent months, a senior industry official said, further evidence that slower growth in the world's No. 2 economy is denting the country's appetite for commodities....

Qld pushes Burke for clarity on Rio's bauxite expansion

The Queensland government has called on Federal Environment Minster Tony Burke to deliver a timeframe for his decision on diversified miner Rio Tinto’s bauxite mine expansion plans, in Cape York. The state’s Deputy Premier and Minister for...

Rio upbeat about Pilbara’s iron-ore future

Diversified miner Rio Tinto has moved to allay fears that it was close to depleting its iron-ore deposits in the Pilbara, with iron-ore CEO Sam Walsh saying that the company was expecting growth in output. “Our mine plan presently extends to...

Ivanhoe to launch $1.8bn rights offering

TSX-listed Ivanhoe Mines, which is majority owned by Rio Tinto, said on Wednesday it would launch a rights offering to raise about $1.8-billion. The rights offering to existing shareholders formed part of a funding agreement to enable Ivanhoe to...

Company Announcement: Rio Tinto confirms support for Ivanhoe Mines comprehensive financing package and agrees to amend certain terms of memorandum of agreement

io Tinto and Ivanhoe Mines Ltd. (Ivanhoe) have agreed to amend certain terms of the memorandum of agreement announced on 18 April 2012, under which Rio Tinto has agreed to support and provide certain elements of a comprehensive funding package for...

Rio Tinto offloads aluminium cable business for $185m

Rio Tinto has agreed to sell its Atlanta, Georgia-based wire and cable business Alcan Cable to NYSE-listed General Cable for $185-million, the companies said on Monday. The diversified mining giant has sold off noncore operations from the...

West Africa emerging as the new Pilbara – West African Minerals

West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners are...

Vale to build second iron ore storage ship in Asia

Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships. China, the...