Iron ore prices hit new record
The price for iron ore surged to a record US$237.57 per tonne on May 12 as strong Chinese demand continued to outpace supply. The record price levels are supported by…
Rio Tinto
Barksdale acquires Arizona copper projects from Rio Tinto
Barksdale Resources (TSXV: BRO) has entered an definitive agreement to acquire two copper exploration projects located in Santa Cruz County, Arizona, from Kennecott Exploration Company, a wholly owned subsidiary of…
Rio Tinto shareholders reject former CEO’s exit package
A majority of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) shareholders oppose the exit package handed to former chief executive Jean-Sébastien Jacques, ousted after the destruction of sacred rock shelters in…
US markets mixed, April 12-16
The Dow Jones Industrial Average rose 1.18% to finish the week at 34,200.67 and the S&P 500 fell 0.77% to 3,913.10. Spot gold rose US$32.30 per oz., or 1.85%, to US$1,776.50…
Rio Tinto kicks off lithium production in the US
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has kicked off lithium production from waste rock at a plant located at a borates mine it controls in the state of…
Canadian First Nation challenges DeBeers’ mine waste plans
Canada’s Attawapiskat First Nation it’s challenging the construction of a new mine landfill near the community in the province of Ontario, which is being proposed by diamond miner giant DeBeers….
Stars are aligning for uranium price rally
The uranium market is emerging from years in the doldrums as the overhang from the nuclear disaster in Japan is cleared and global demand picks up steam. The spot price…
Talon’s Tamarack could become the only high-grade nickel mine in the U.S., the company says
Within the next few years, Talon Metals’(TSX: TLO) Tamarack nickel-copper-cobalt project in Minnesota, 210 km north of Minneapolis and 89 km west of Duluth, could be the only source of high-grade…
Fortescue fast-tracks zero emissions target to 2030
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by ten years to 2030, about two decades earlier than its…
Rio Tinto to recover tellurium from waste at Kennecott mine for solar market
Rio Tinto (NYSE: RIO; LSE: RIO) is investing $2.9 million in a new plant at its Kennecott copper mine in Utah to recover tellurium, a critical mineral used to make…
Matthew Fenton and Maggie Layman named Young Mining Professionals of the Year
The winners of the Young Mining Professionals (YMP) awards this year are Maggie Layman of Osisko Development (TSXV: ODV) and Matthew Fenton of privately held Magris Resources. The YMP awards,…
Turquoise Hill CEO quits on Rio Tinto meddling
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) announced on March 4 that its CEO Ulf Quellmann is leaving the company after majority-owner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) told…