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Over 40% of minority shareholders of Turquoise Hill oppose independent directors

By: Reuters     14th May 2019 A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of... 

BHP to keep Nickel West, Rio looks to Serbian lithium deposit for battery boom

By: Reuters     14th May 2019 Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to... 

Green light for Rio Tinto’s West Angelas expansion in the Pilbara

By: Esmarie Iannucci     14th May 2019 The Western Australian Environmental Protection Authority has approved plans by mining major Rio Tinto to expand opencut mining at its West Angelas mine, in the Pilbara. Rio, and its joint venture partners Mitsui and Nippon Steel & Sumitomo Metal, in October last year approved a $579-million... 

Rio Tinto partners with junior to explore Saskatchewan copper project

By: Creamer Media Reporter      13th May 2019 Diversified mining group Rio Tinto has been granted an option to acquire a majority interest in the Janice Lake copper project, in Canada’s Saskatchewan. Rio Tinto Exploration Canada (RTEC) has to commit to spending $3-million on exploration at the Janice Lake project over the next... 

Mining industry’s image in tatters following deadly Brazilian tailings dam collapse

By: Rebecca Campbell     10th May 2019 At 1.00 PM, local time, on January 25 this year, the deactivated Tailings Dam 1 of the Córrego do Feijão (“Bean Stream”) iron ore mine, owned by Brazil’s world-renowned mining group Vale and located near the small town of Brumadinho in the Brazilian State of Minas Gerais, suddenly collapsed. The... 

Does it matter who owns our mines?

10th May 2019 “Capital goes where it is welcome and stays where it is well treated,” said former Citibank CEO, the late Walter Wriston more than 30 years ago. That sentiment remains even more relevant as global capital has become increasingly mobile. The extractive resources industry, even in Africa, is now... 

Mining industry’s image in tatters following deadly Brazilian tailings dam collapse

By: Rebecca Campbell     10th May 2019 At 1.00 PM, local time, on January 25 this year, the deactivated Tailings Dam 1 of the Córrego do Feijão (“Bean Stream”) iron ore mine, owned by Brazil’s world-renowned mining group Vale and located near the small town of Brumadinho in the Brazilian State of Minas Gerais, suddenly collapsed. The... 

Rio Tinto shipping more aluminium to Europe as US demand slows

By: Reuters     9th May 2019 Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the US partly caused by the trade dispute between China and the US, CEO Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto's products had not been impacted by the... 

Rio awards landmark contract

By: Esmarie Iannucci     9th May 2019 Mining major Rio Tinto has awarded a A$20-million, five-year contract with Yurra Pty Ltd to provide civil maintenance services around the company’s Pilbara rail network. Yurra is majority owned by the Yindjibarndi Aboriginal Corporation (YAC), the appointed representative of the Yindjibarndi... 

Big Four miners languish amid demand, ESG, capex concerns

By: Reuters     8th May 2019 The world's biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and... 

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