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Rio Tinto
Rio Tinto

Mining majors prioritising value over volume as profits, valuations sag

Bruised and battered, the global mining industry today is undergoing a sea change. Practises and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be...
4th April 2014

Mozambique expects capital gains tax on mining transactions

Mozambique’s Tax Authority is still pursuing capital gains on the sale of the Benga project to Anglo-Australian mining major Rio Tinto. This was affirmed recently by Tax Authority President Rosário Fernandes at a press conference in Maputo....
4th April 2014

EMED receives signed unified environmental authorisation for Rio Tinto

TSX- and LSE-listed EMED Mining on Tuesday reported that it had received a signed copy of unified environmental authorisation (AAU) for its flagship Rio Tinto copper mine, in Spain’s Andalucia region. Environment and Spatial Planning Minister...
1st April 2014

China’s environmental policy will not curb iron-ore demand – analyst

China’s drive to clean up its steel industry’s environmental act was expected to have little impact on iron-ore demand in the short term, advisory firm Wood Mackenzie said on Friday. While China has instituted a number of emergency measures...
28th March 2014

Most coal miners in Mozambique not yet meeting social obligations

Only one of the multinational coal miners operating in the Moatize district of Mozambique’s Tete province has so far honoured its obligations to use part of its income to fund local community development. The companies concerned are India’s...
28th March 2014

Glencore suspends Australia coal mine as market worsens

Glencore Xstrata will suspend operations at its Ravensworth underground coal mine in Australia following a plunge in coal prices due to a supply glut. The move underscores the plight of coal miners operating in Australia, including AngloAmerican,...
27th March 2014

TSX listing approval moves Mamba/Champion merger forward

The proposed merger of Labrador Trough iron-ore project developers Champion Iron Mines and Australia-based Mamba Minerals this week moved another step closer to closing after the TSX had granted Mamba conditional approval to list its common...
21st March 2014

Rio moves to save Mount Thorley Warkworth

Mining major Rio Tinto’s coal division is looking to avoid a lengthy court process to appeal against the New South Wales Land and Environment Court’s decision to overturn a 2012 development consent for its Mount Thorley Warkworth extension...
21st March 2014
Editorial Insight

Concerted effort needed to turn Congo-Cameroon-Gabon iron-ore belt into African Pilbara

A concerted effort is needed to turn the Congo-Cameroon-Gabon region, often likened to Australia’s iron-ore-rich Pilbara, to positive account.
21st March 2014

Australia’s EFIC grants loan for Escondida expansion

Australia’s Export Finance and Insurance Corporation (EFIC) has granted mining giants BHP Billiton and Rio Tinto a $100-million loan for the Escondida mine, in Chile. The loan will help finance Escondida’s organic growth 1 project, which...
18th March 2014

Rio opts out of Vulcan exploration

Junior Tasman Resources on Monday reported that the exploration arm of diversified miner Rio Tinto has withdrawn from a farm-in agreement over Vulcan copper-gold-uranium project, in South Australia. The farm-in between Tasman and Rio Tinto...
17th March 2014

Rio Tinto pays $7.5bn in taxes, warns on new compliance costs

Despite reporting a 29% decline in its tax payments in 2013, compared with the previous financial year, mining giant Rio Tinto has expressed its concern about compliance costs associated with the proliferation of new regulatory initiatives around...
17th March 2014
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