Stellantis, a Dutch automaker, will acquire a 14.2% equity stake in McEwen Copper for $155 million, becoming the second largest shareholder along with Rio Tinto. McEwen Copper is a subsidiary of Canadian mining company McEwen Mining and holds a 100% stake in the Los Azules copper project in San Juan, Argentina and the Elder Creek […]
Anglo-Australian multinational mining company Rio Tinto has agreed with Wright Prospecting to update a five-decade old joint venture to develop the Rhodes Ridge iron ore project in Australia. Rio Tinto and Wright Prospecting own a 50% stake each in the joint venture that was set up back in 1972. The agreement is aimed at modernizing […]
Rio Tinto has wrapped up the commissioning process of its AUD 2.6 billion ($1.9 billion) worth Amrun bauxite mine on the Cape York Peninsula in Queensland, Australia. Amrun bauxite mine Construction work on the Rio Tinto bauxite mine in Australia was initiated in 2016 and about two years later, the first bauxite was produced. The […]
Mining giant Rio Tinto is all set to move ahead with the development of its 100% owned Koodaideri iron ore mine in Australia with an investment of A$3.5 billion ($2.6 billion) with an objective to draw 43 million tons of iron ore a year. Koodaideri iron ore mine The Koodaideri iron ore mine is located […]
Global mining company Rio Tinto has officially opened a new diamond pipe named A21, built with an investment of $350 million, at the Diavik Diamond Mine in Canada. A21 is now the fourth diamond pipe at the Diavik Diamond Mine which is located is located on a 20 km2 island at the Lac de Gras […]
Mining industry news : Rio Tinto is all set to exit from coal mining business by selling its 80% stake in the Kestrel coal mine in Queensland to a consortium of EMR Capital and Indonesian coal producer Adaro Energy, for a sum of $2.25 billion. Rio Tinto’s Recent Deals to Exit Coal Mining Business in […]
Mining industry news : Australian-British mining giant Rio Tinto has made a $1.7 billion deal to exit from two Queensland coal mines – the Hail Creek coal mine and the Valeria coal mine in Australia by selling its stakes to Swiss natural resource company Glencore. Rio Tinto has been looking to divest all of its […]