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Rio Tinto
Rio Tinto

Metso aiming to expand African footprint

Metso Minerals manufactured a 300 t/h crushing and screening plant to Mozambique-based construction company JRC Construction (JRC – Construções e obras púiblicas, SA) last year
With a well-established and strong presence in the African mining industry, comminution solutions company Metso Minerals South Africa, subsidiary of Finland-based Metso Minerals group, plans to further bolster and expand its presence in the...
8th August 2014

Poor coal productivity tackled, Vale’s Africa production rises, Botswana coal, power project

Angl American is pulling out all the stops to improve the productivity of its South African coal assets; Vale is doing well in Mozambique as Rio Tinto pulls out; a junior is raisng money to mine coal and produce power fro export from Botswana.
8th August 2014

Vale’s African production rises, Rio Tinto sells Mozambique assets

Brazilian mining major Vale has reported a stronger performance by its Moatize coal operation in Mozambique during the second quarter of this year (2Q14) in comparison to the first quarter (1Q14). Vale’s Carborough Downs coal operation in...
8th August 2014

Rio Tinto beats cost saving target early, lowers 2014 capex guidance

Rio Tinto CEO Sam Walsh Diversified mining group Rio Tinto has delivered on its targets in the first half of the 2014 financial year, CEO Sam Walsh reported on Thursday, as the company announced a 21% increase in its underlying earnings to $5.1-billion and said it had...
7th August 2014

Port Hedland iron-ore exports to China up 4.8% in July

Australian exports of iron-ore to China from Port Hedland, which handles a quarter of the world's seaborne steelmaking material, rebounded in July to hit a record high in a sign of still robust demand, figures released on Thursday showed....
7th August 2014

Glencore courts Guinea's iron ore treasures – document

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, a presentation obtained by Reuters shows, although the company said it had not pitched for a stake in Simandou, the country's largest deposit. Glencore is the...
6th August 2014

Guinea's Simandou iron-ore trove: huge potential for the hugely patient

In a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest. Buried under its green slopes lies some of the planet's finest iron ore, a treasure long coveted by the world's mining giants. But...
6th August 2014

H2 iron-ore supply to ‘dwarf’ H1 output, says Liberum

Fund manager Liberum Capital expects iron-ore supply in the second half of the year to “dwarf” that of the first six months. Incremental volume growth from the four largest producers in the second half of 2014, at 46-million tons, would be...
4th August 2014

'Big Four' iron-ore miners unlikely to cut off junior producers – Atlas MD

Atlas Iron MD Ken Brinsden on Monday expressed his confidence that the ASX-listed company could maintain its position in the iron-ore market, despite its current higher-cost truck haulage transport solutions. Commenting on speculation that a push...
4th August 2014

Turquoise Hill Resources to sell 29.95% of coal miner SouthGobi

A subsidiary of diversified miner Rio Tinto, Turquoise Hill Resources this week said it would sell 29.95% of Mongolia-focused coal miner SouthGobi Resources to Hong Kong-based National United Resources Holdings. National United will buy...
1st August 2014

Brazil's Vale profit falls; prices undermine record output

Brazilian miner Vale posted a sharp decline in profit from the previous quarter as lower iron-ore prices undermined record production of the steel-making ingredient. Vale, the world's largest producer of iron ore, reported second-quarter net...
1st August 2014

Iron-ore price slide to continue to 2017 – Wood Mackenzie

Wood Mackenzie forecasts significant growth for Australian and South American iron-ore production
The iron-ore price dropped to below $100/t last month, and international research firm Wood Mackenzie forecasts that the price will continue to drop to below $90/t in real terms until 2017, before some light is expected to appear at the end of the...
1st August 2014
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