For Rio, optimism is made in China

Rio Tinto is pressing ahead with plans to expand its iron ore business despite concerns about a slowdown in China. Our biggest iron ore producer has shrugged off pessimism over a slowdown in the economic growth of its major customer. Rival BHP Billiton said this month...

AngloGold Ashanti buys up Brazilian mine

Kinross Gold Corp has agreed to sell its stake in the Crixas gold mine in Brazil for $220-million (U.S.) as the miner focuses on key assets, including a massive gold deposit in Mauritania that has come under fire after a major writedown. Toronto-based Kinross, the...

Vedanta deprived of awards

Vedanta Aluminium’s Indian safety record is tarnished: Now it won’t get two prestigious UK awards A subsidiary of  controversy-dogged UK mining company Vedanta Resources has suffered not just one – but two – serious setbacks in its attempts to...