Mongolia asks Rio Tinto to mutually cancel Oyu Tolgoi’s deal
Mongolia’s government is said to be actively seeking to cancel a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) governing a US$6.75 billion expansion of the Oyu Tolgoi…
Rio Tinto
Turquoise Hill scores win in funding spat with Rio Tinto over Mongolia mine
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has scored a temporary, but key win in its ongoing dispute with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) over funding of…
Turquoise Hill seeks interim order against Rio Tinto over Mongolia mine funding
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) is seeking an interim order in its arbitration against Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) in response to some of the…
Developing a market for scandium oxide
If you blinked you might have missed the news last week but it was extraordinary: Rio Tinto (NYSE: RIO; LSE: RIO) and the Quebec government announced they are building a…
Rio Tinto looming talks with Mongolia to decide Oyu Tolgoi’s fate
The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks…
Rio Tinto to keep New Zealand aluminium smelter until 2024
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a power deal with New Zealand’s Meridian Energy, which will allow the miner to keep its aluminium smelter at the…
Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The Government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today….
US markets mixed, Jan. 4-8
The Dow Jones Industrial Average rose 1.61% to finish the week at 31,097.97 and the S&P 500 declined by 1.83% to 3,824.68. Spot gold dropped US$48 per oz., or 2.53%,…
USA Rare Earth outlines domestic mine-to-magnet strategy
Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare earth elements in the United…
Over 3,000 diamonds recovered from Star-Orion South project in Saskatchewan
Star Diamond (TSX: DIAM) has recovered 3,534 diamonds weighing 210.68 carats from its ninth bulk sample trench excavated on the Star kimberlite at the Star-Orion South project in north-central Saskatchewan,…
Rio Tinto taps finance head as new CEO
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has named finance head Jakob Stausholm as its next chief executive, replacing incumbent Jean-Sébastien Jacques who had to step down following an…
Rio Tinto’s $6.75B Oyu Tolgoi expansion to kick off production in 2022
Rio Tinto (NYSE:RIO; LSE: RIO; ASX: RIO) unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin in October 2022, adding that…