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Rio Tinto
Rio Tinto

BHP and Rio stand to lose most in EPA saga

Mining majors BHP Billiton and Rio Tinto were likely the companies with the most to lose following the Western Australian government’s introduction of a Bill to validate environmental approvals made by the Environmental Protection Authority...
11th September 2014

Rio Tinto sees 125Mt of iron-ore capacity being cut in 2014

World no.2 iron-ore miner Rio Tinto expects other miners worldwide to cut 125-million tonnes of iron-ore capacity in 2014, roughly equal to the amount of new supply expected to come on stream from Australia and Brazil. Iron-ore prices have...
10th September 2014

Oyu Tolgoi concentrate thickener rake arms fail again

Turquoise Hill Resources, a subsidiary of diversified major Rio Tinto, on Tuesday reported that the rake arms in one of the two tailings thickeners at the Oyu Tolgoi copper/gold mine  had failed again. Having started production during last year,...
10th September 2014

Rio includes CCS in climate change arsenal

Mining giant Rio Tinto has touted carbon capture and storage (CCS) as a viable solution to climate change, with Rio’s energy CEO Harry Kenyon-Slaney saying that further CCS milestones could be expected as the technology continues to prove...
9th September 2014

Deloitte index falls in August

Advisory firm Deloitte’s Western Australian (WA) Index fell during August, with the market capitalisation of Western Australia-listed companies falling 1.9%. Deloitte clients and markets partner for Western Australia, Tim Richards, said that...
8th September 2014

Oz Minerals names successor for Burgess

Copper/gold miner Oz Minerals on Friday announced the appointment of Andrew Cole as MD and CEO, to replace Terry Burgess. Cole would start on December 3, and would be relocating from Canada where he had served as COO of mining giant Rio Tinto’s...
5th September 2014

Bank’s R854m aluminium fraud exposure, considerations for shale gas exploration, copper awaits R9.3bn shareholder nod

Standard Bank's aluminium fraud exposure and loss on related disposal; considerations when exporing for shale gas; and R9.3-billion decision pending on copper expansion
5th September 2014

Guinea hopes for $50bn in mining investment in next decade

Guinea hopes to attract $50-billion of investment into its mining sector in the next decade, the country's minister of mines said on Thursday, an ambitious goal for a country with GDP of about $7-billion currently. The West African country is...
4th September 2014

Rio Tinto appoints new chief of Mongolia Oyu Tolgoi copper mine

Global mining giant Rio Tinto has appointed a new chief executive for the $6.5-billion Oyu Tolgoi copper-gold deposit in Mongolia as it bids to restart construction for the long-postponed second phase of the project. Rio Tinto executive Andrew...
4th September 2014

Mining firms urged to help fight deadly Ebola outbreak

Mining companies have been urged to become partners in the global fight against the Ebola epidemic sweeping through West Africa. Speaking at the second day of Paydirt’s Africa Downunder conference, in Perth, head and senior fellow of Chatham...
4th September 2014

Dominion Diamond Corp swings to Q2 profit as revenues rise

Canadian diamond producer Dominion Diamond Corp on Wednesday reported a profit for the three months ended July of $26.6-million, or $0.31 a share, compared with a net loss of $13.9-million, or $0.16 a share, in the prior-year period. Consolidated...
4th September 2014

Lacklustre Chinese demand drives iron-ore prices to 5-year low

Benchmark iron-ore prices, which had fallen by more than one-third since the start of the year, last week breached the $90/t level and continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the...
2nd September 2014
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