US fund threatens Rio Tinto with legal action over Oyu Tolgoi finances
Pentwater Capital has joined ongoing spat over over how to finance the underground copper project in Mongolia, with “oppression” order warning.
Rio Tinto
The View from England: Time for a mining miracle
I speak mining, and have done so for over 45 years. For most of that time, I have defended the industry from those ignorant or ill-informed of our activities. I…
Guinea approves railroad and port plan for large-scale Simandou project
Guinea’s government has approved a multinational group’s plan to build a railroad and deep-water port to export from the large-scale Simandou iron ore deposit to key markets, including China, the…
Alrosa pink diamond sets record price at auction
An extremely rare, purple-pink diamond mined and polished by Russia’s Alrosa (MCX: ALRS) has set a record price for a gem of that colour sold at an auction after fetching…
Rio Tinto, Bluejay sign JV on nickel project in Finland
Explorer and developer Bluejay Mining (LSE: JAY) has inked a joint venture and earn-in agreement with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to advance the Enonkoski nickel project,…
Australia greenlights human rights complaint against Rio Tinto
Australia’s Human Rights Law Centre has issued a statement saying that the residents of Bougainville in Papua New Guinea have welcomed this week’s decision by the Australian government to accept…
Rio Tinto closes Argyle diamond mine after 37 years
Pink diamonds, already rare, are about to get scarcer as Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has closed its iconic Argyle diamond mine, the world’s biggest and the…
Rio Tinto invests US$51M in Canadian alumina refinery
The world’s second largest miner Rio Tinto (NYSE: RIO; LSE: RIO) is investing US$51 million to upgrade facilities at its Vaudreuil alumina refinery in Quebec. The company said three new…
BHP scraps US$2.5B Olympic Dam expansion plan
Mining giant BHP (NYSE: BHP; LSE: BHP) has shelved a planned US$2.5 billion expansion of its Olympic Dam copper, gold and uranium mine in South Australia, after studies of the…
BHP strikes heritage deal ahead of annual meeting
BHP (NYSE: BHP; LON: BHP) has reached an eleventh-hour deal with a coalition of Aboriginal land councils, as shareholders were pushing for a halt to all mining on sacred Indigenous…
License to operate still top concern for miners: EY report
License to operate (LTO) remains, for the third consecutive year, the number one issue for miners, according to a survey by Ernst & Young with over 250 executives, while a…
BHP halts expansions on heritage sites in Australia
BHP (NYSE: BHP; LSE: BHP) acknowledged on Thursday it was aware of Australian Aboriginal groups’ concerns about the future of dozens of heritage sites before it sought and obtained approval…