Rio scraps Chinalco deal for iron-ore joint venture with BHP
Rio Tinto (RTP-N, RIO-L) shares surged 10.33% on the London Stock Exchange and 6.23% on the New York Stock Exchange…
Rio Tinto plc
Mongolian Election Causes Market Jitters
Sometimes the market gets it right, and sometimes it doesn’t.
Cardero’s Half-Off Sale
VANCOUVER — With a bleak outlook for iron ore markets, Cardero Resource (CDU-T, CDY-X) has announced that it will accept exactly half the original US$200-million sale price for its Pampa de Pongo iro…
Iron Ore: Will Benchmark Pricing Go?
With the growth of spot pricing for iron ore, it looks as if the existing system, based on a benchmark price set by annual negotiations between miners and steelmakers, is coming under increasing press…
UPDATE: Cardero sells Pampa de Pongo for half price
Vancouver – With a bleak outlook for iron ore markets Cardero Resource (CDU-T, CDY-X) president and CEO Henk van Al…
Rio Tinto-Chinalco Mega-Deal Clears Its First Hurdle
Australia’s competition regulators aren’t objecting to a US$19.5 billion investment in Rio Tinto (RTP-N, RIO-L) from state-owned Aluminum Corp. of China (ACH-N), or Chinalco.
Rio Tinto To Idle Diavik, QIT-Fer
Autumn’s global collapse in diamond demand continued to ripple through Canada’s diamond mines during the thirteenth trading week of the year, as the lively Canadian diamond scene grapples with its fir…
Temporary Shutdowns Planned For Diavik
To deal with a global drop in diamond demand, Rio Tinto (RTP-N, RIO-L) is planning two shutdowns at the Diavik mine in the Northwest Territories in the coming months, as well as further delays to the …
Rio Tinto Alcan cutting 120 to 140 head office jobs in Montreal
Rio Tinto Alcan, a subsidiary of Rio Tinto (RTP-N), is cutting 120 to140 jobs at its Montreal head office, the Cana…
Mining’s Carbon-Taxed Future
While many in the mining industry still have serious doubts about global warming and our species’ part in it, that isn’t stopping any of the top companies from preparing for what is being seen as the …
IBI Corp. is banking on uranium in Uganda
Less than 8% of Uganda’s 30 million population has access to electricity and power shortages have severely curtaile…
Xstrata Throws Wrench In The Works At Cobalt Project
VANCOUVER — Rarely do mining companies make headlines for objecting to a competitor’s mine development based on its potential environmental impact.