Two of the world’s three biggest mining companies – BHP Billiton and Rio Tinto – are currently “dialing down their risks and the pace of their previous dash for growth”. This is in order that …
Read more
London Calling muses on the future of Mining’s Giants
Rio wields the diamond blade
About three months after BHP Billiton announced it was reviewing the future of its diamonds business with a view to selling it, Rio Tinto has followed suit with its own strategic review. The decisions of …
Read more
Wikileaks reveal true nature of Ivanhoe-Rio Tinto’s Burmese deal
Recently-released “wikileaks” have confirmed that an arrangement, by which Ivanhoe supposedly transferred its 50% stake in Burma’s Monwya copper mine to an independent “third party” trust, was nothing of the kind. As well as breaching …
Read more
China gives miners another scare as $58 billion monthly swing hands it largest trade deficit in 12 years
Losses for mining and energy companies were almost across the board on Monday after trade data from China showed a deficit that was the largest in 12-years. Investors in world number one BHP Billiton and …
Read more
Wish you were mine
The true extent of Africa’s vast wealth of resources is hard to guess. Geologists have picked over most of the rest of the globe in search of minerals, yet huge swathes of Africa remain largely …
Read more
Namibian uranium saga heats up
Consolidation continues to be a key theme in the uranium sector. Shortly after Rio Tinto Ltd. took control of Hathor Exploration Ltd., Chinese nuclear giant China Guangdong Power Group has made a friendly offer for …
Read more
Rio Tinto, Chinalco finalize exploration joint venture
The new company’s priority will be exploring in China for copper, with plans to expand into coal and potash.
See http://www.mining-hub.com/2011/11/rio-tinto-chinalco-finalize-exploration-joint-venture/
Keeping Tabs on Sarawak’s “corrupt” chief minister
A massive Malaysian conglomerate, headed by the chief minister of Sarawak, Abdul Taib Mahmud (“Taib”), is now being investigated by the country’s Anti-Corruption Commission. Cahya Mata Sarawak (CMS), which is controlled by Taib and his …
Read more
Move Beyond Coal, Now
The coal industry is racing to ensure its place in our world’s future before safer, healthier and cheaper clean energy takes hold.
Ill-equipped to compete and survive in the emerging clean energy economy it must …
Read more
Rio Tinto Plans To Sell ‘A Lot’ Of Oyu Tolgoi Output To China
Rio Tinto plans to sell “a lot” of the output from the Oyu Tolgoi copper and gold project in Mongolia to China, and is in discussions with smelters in China, Rio Tinto’s U.S. Copper Chief …
Read more
Borneo tribe loses Bakun dam case: Rio Tinto implicated in deal
A tribal group in the Malaysian state of Sarawak has lost a decade-long struggle to assert that a massive government land seizure violated its rights. The tribe had tried to overturn a decision which opened …
Read more
London Calling sees Rio Tinto take it on the Chinalco
As reported last week, Vale of Brazil has just secured a big chunk of one of the world’s most-criticised new hydro dams. Now, China’s biggest aluminium producer, Chinalco, has signed a JV deal with a …
Read more