Rio Tinto, Japanese firms pour $733M into Pilbara mine
Rio Tinto (ASX: RIO) and its Japanese joint-venture partners will invest $733 million to extend the life of the West Angelas iron ore hub in Western Australia’s Pilbara region by…
Iron Ore
Fatal accident forces WCS to halt iron site at Simandou
Winning Consortium Simandou (WCS), the company that’s developing Blocks 1 and 2 of the massive Simandou iron ore project in Guinea, has halted operations after a fatal accident killed three…
Seabed miners face squeeze under oceans law
A newly ratified treaty to safeguard life at sea is expected to intensify opposition to deep-sea mining at a United Nations climate summit this week in New York, running alongside…
BHP eyes Geraldine Slattery as CEO, FT reports
BHP (ASX, NYSE, LSE: BHP) could appoint Geraldine Slattery, president of its Australia operations, as the company’s first female chief executive in its 140-year history, the Financial Times reported on…
Brazil arrests mining agency head in corruption probe
Authorities in Brazil arrested the head of the country’s mining agency (Agência Nacional de Mineração, or ANM) as part of a wide-ranging federal operation targeting corruption, environmental crimes and illegal…
Rio Tinto, partners score major tax break on Simandou
Rio Tinto (ASX, LSE: RIO) and its partners in Guinea’s Simandou iron ore project have reportedly secured corporate tax concessions worth more than half off the standard rate for key…
Guinea junta warns Rio of smelter cost whack
Rio Tinto (ASX: RIO) may be forced to make expensive downstream investments in Guinea as the military-led government pushes for local refining tied to the giant Simandou iron ore project….
Rio to buy carbon credits with Caisse backing
Canada’s second-largest pension fund and Australia’s Clean Energy Finance Corp. (CEFC) are investing in a carbon credits platform helping Rio Tinto (NYSE, LSE, ASX: RIO) cut its emissions footprint. La…
China’s steel demand share to plunge 36% by 2050
China’s steel consumption is projected to decline steadily over the next decade, marking a structural shift in global demand dynamics, according to a new report from Wood Mackenzie. The country…
Anglo sells rest of Amplats
Anglo American (LSE: AAL) sold its final stake in Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), as part of restructuring it began last year. The deal for the…
Vale to spend $12.2B in Brazil as Capanema reopens
Vale (NYSE: VALE) has officially reopened the Capanema iron ore mine in Brazil after a 22-year halt as part of a 67-billion real (US$12.2-billion) investment strategy through 2030. The reactivated…
MinRes posts A$904M loss as Ellison exit drags on
Mineral Resources (ASX: MIN) has plunged to its worst financial result in company history as the debt-heavy iron ore and lithium producer struggles to convince investors it has a clear…