Rio Tinto approves $1.6 bln for new iron ore mine
Rio Tinto on Monday signalled it was pushing ahead with its expansion plans in iron ore while it awaits competition authority clearance to form a partnership with rival BHP Billiton in Australia. The world no. 2 producer of the steel making raw material said it had approved $1.6 billion to expand its Hopes Downs iron [...]
Australian Aboriginal communities want a stop to new uranium mining
As BHP Billiton prepares to open a major uranium mining site in Western Australia next year, the clamour for the state to once more ban mining of the radioactive mineral has become louder. In fact, the Wongatha Aboriginal clan that calls this region its home does not see any wisdom in having uranium mining in [...]
Client Earth report on Rio Tinto
London law firm Client Earth has recently published a critique of Rio Tinto’s corporate reporting in the light of the Companies Act 2006 requirements, comparing Rio Tinto’s record with its reporting, and referring the company to the Financial Reporting Review Panel, which is responsible for ensuring full and honest reporting by UK listed companies. See [...]
Australian Miners’ Union launches Fair Go For Billionaires Campaign
By Andrew Vickers, General Secretary of the Australian CFMEU Mining and Energy Division Fair Go for Billionaires is the CFMEU Mining and Energy’s new ground-breaking campaign to focus public attention on Tony Abbott’s absurd promise to repeal the Australian Labor Party’s new Resources Tax and hand billions of dollars back each year to the rich and powerful [...]
Rio Tinto subsidiary ERA says Q2 uranium output fell 44% year-on-year
Energy Resources of Australia said it will need to buy uranium to meet sales commitments. It posted a 44 percent drop in second quarter uranium oxide output and said it will need to buy uranium to help meet sales commitments after cutting its full-year production guidance. See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=107858&sn=Detail&pid=92730.
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