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AUSTRALIA – Mining billionaire Gina Rinehart’s Hancock Prospecting has lost an appeal to retain its share in the much-hyped Rhodes Ridge iron ore project in the Pilbara, forecast to be worth billions once developed. Hancock’s appeal was against a 2010 Supreme Court decision that it should honor a decades-old agreement between mining pioneers Lang Hancock [...]
Anglo American is one of the world’s largest mining companies focusing on platinum group metals, diamonds, copper, nickel, iron ore, metallurgical and thermal coal and the Company reported solid operational performance across its operations, with production increases across five of its seven commodities. The company announces that Cynthia Carroll has decided to step down as [...]
SANTIAGO, Chile – Anglo American and Codelco, with assistance from their respective partners, Mitsubishi Corporation (“Mitsubishi”) and Mitsui & Co., Ltd. (“Mitsui”) and within the conciliation proceeding provided for by the 14th Civil Court of Santiago, have settled their respective claims in relation to the AA Sur option agreement as a result of extensive discussion and [...]
Rio Tinto was the London 2012 Olympic and Paralympic Games official supplier of the metals for the 4,700 gold, silver and bronze medals. The world’s 2nd-biggest mining group, Rio Tinto, posted $5.9 billion in net profits compared with $7.6bn a year earlier. While the company expects development of the Oyu Tolgoi copper-gold project in Mongolia remains on schedule for [...]
Anglo American and Codelco have agreed to extend the period for exploring the possibility of negotiating an agreement in relation to Anglo American Sur. To that end, both parties requested the continued suspension of their legal proceedings on Friday 22 June at the 14th Civil Court of Santiago until Tuesday 17 July 2012 to allow [...]
ONTARIO –The Canadian Institute of Steel Construction (CISC) announced the winners of its biennial National Steel Design Awards competition during its Annual General Meeting & Convention in Ottawa last week. The prestigious CISC National Steel Design Awards are open to architects, engineers, developers, owners, contractors and other stakeholders involved with a building, bridge, industrial or [...]
RUSAL is the world’s largest aluminium producer and one of the world’s major producers of alumina. The company was founded in 2000 and, following its merger with SUAL and the alumina assets of Glencore, became the global aluminium industry leader in 2007. The world’s largest aluminum producer Rusal has completed a deal with the leading [...]
Rio Tinto is taking the next steps in its phased investment programme by committing US$4.2 billion (100 per cent basis US$6.2 billion) to develop its tier one iron ore business. The investment covers US$3.7 billion (100 per cent basis US$5.2 billion) for expansion of the industry-leading Pilbara iron ore operations in Western Australia and US$501 [...]
Rio Tinto is to invest US$660 million over the next seven years to extend the life of its Kennecott Utah Copper Bingham Canyon mine in Salt Lake City from 2018 to 2029. The investment includes the construction of mine infrastructure and new equipment to support pushing back the south wall of the mine. First ore [...]
CHILE – Vancouver-based Teck Resources, 76.5% owner of the Quebrada Blanca copper-molybdenum mine 165 km southeast of Iquique in Region I, has filed the latest 43-101 technical report for a project to build a concentrator at the site, a project that has a hefty US$5.594-billion pre-production price tag. The mill will begin operating in 2016, and [...]
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