RANKED: World’s top 10 copper mining projects – 2022
Copper, often called the bellwether metal as a barometer of global economic health, is a metal vital to the green energy transition. Demand has been growing for the red metal,…
Rio Tinto
Rio Tinto report reveals culture of sexual harassment, bullying and racism
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has unveiled the results of an unfavourable external report outlining a culture of “systematic” bullying, sexual harassment and racism at the world’s second largest…
US markets fall during the Jan. 10-14 trading week
The Dow Jones Industrial Average fell 319.85 points or 0.88% to 35,911.81 and the S&P 500 dropped 14.18 points or 0.30% to 4,662.85. Spot gold climbed US$21.10 per oz. or…
Talon Metals to supply nickel to Tesla from Tamarack project in Minnesota
Talon Metals (TSX: TLO) has signed a deal with electric vehicle maker Tesla to provide 75,000 tonnes of nickel in concentrate over a six year period from the Tamarack nickel-copper-cobalt…
Rio Tinto to transport iron ore in Pilbara via battery-electric trains
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is buying four battery-electric trains from U.S.-based Wabtec (NYSE: WAB) for use at its Pilbara iron ore mines in Western Australia, as part…
Rio Tinto to buy lithium project in Argentina for US$825M
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is expanding its lithium ambitions beyond the Jadar project in Serbia by agreeing to buy the Rincon brine project, located in the…
Rio Tinto picks outgoing Canadian ambassador to China as chairman
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has picked outgoing Canadian ambassador to China and veteran management consultant Dominic Barton to lead its board as the miner tries to…
Rio Tinto to write off US$2.3B Oyu Tolgoi loan to Mongolia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will cancel a US$2.3 billion debt owed by Mongolia as part of the government’s share of the development costs for the giant…
US markets climb, Dec. 6-10
The Dow Jones Industrial Average rose 4.02% or 13,909.91 points to 35,970.99 and the S&P 500 increased 3.82% or 173.59 points to 4,712.02. Spot gold ended the week at US$1,782.90…
Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
Turquoise Hill okays Oyu Tolgoi US$75M bridging budget
Turquoise Hill Resources (TSX, NYSE: TRQ) has approved a bridging budget of US$75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the…
Six Canadian-listed diamond companies poised to prosper as market recovers
Whether they’re producers, developers or explorers, Canadian-listed diamond companies are a tough lot. Those that have survived the disruptions of the pandemic — and the soft diamond market that preceded…