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
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…
Diamond industry forecast for 2021 and beyond
Global diamond production this year fell by more than 20% to about 113 million carats due to planned production declines by the major producers and significant pandemic-related suspensions and curtailments…
Glencore chooses coal head Gary Nagle as new CEO
Mining and commodities trader Glencore (LSE: GLEN) said today that Gary Nagle, the head of its coal division, would replace Ivan Glasenberg as the company’s top boss early next year. Glasenberg, who has…
SolGold delays Alpala prefeasibility study again
Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) said today it won’t be able to complete the prefeasibility study for its Alpala copper-gold project this year as planned. The Australian miner had already…
Mongolia, Turquoise Hill force Rio Tinto into Oyu Tolgoi cost review
The Government of Mongolia and representatives of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) have set up a special board committee to conduct an independent review into the cost overruns and…
Newcrest bets big on Greatland’s Havieron gold-copper project
It has also inked a farm-in and JV agreement with Greatland to access the latter’s Black Hills and Paterson Range East exploration licenses in the Paterson region of Western Australia.
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.
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,…