West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners …
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West Africa emerging as the new Pilbara
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 …
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Guinea Passes New Mining Code
New legislation promises to maximise revenues and tighten regulation.
Guinea’s new mining code, passed on September 9, promises to maximise the public revenues generated by foreign deposits and impose stricter regulations upon mining companies operating …
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Rio’s $657m payment to Guinea government faces scrutiny
THE end use of a $US700 million ($657m) payment Rio Tinto has made to the Guinea government will be independently audited but is expected to face increased scrutiny as British and US regulators toughen their …
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Rio seals Guinea iron ore deal
Mining giant Rio Tinto says it will pay the government of Guinea $US700 million ($A652.4m) after reaching an agreement to resolve all outstanding disputes over blocks three and four of its Simandou iron ore project. …
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Rio Tinto gets 3-month extension to mine rights at Simandou
Anglo-Australian miner Rio Tinto has been granted a three-month extension before it must formally give up its rights to part of Guinea’s giant Simandou iron ore concession.
Rio, which invested $680 million in what it …
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Guinea may increase stake in Simandou project
Diversified miner Rio Tinto might have to be content with a smaller stake in the Simandou iron-ore project, as the Guinean government is reportedly looking to more than double its share in mining projects, an …
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Iron ore contretemps in Guinea: Rio risks forfeit of Simandou
The Guinea government appears to be playing hardball with Rio Tinto over what the latter claims is the world’s largest undeveloped iron ore deposit.
See http://www.mineweb.com/mineweb/view/mineweb/en/page39?oid=112263&sn=Detail&pid=92730.…
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Chinalco, Rio Tinto Dig for New Era in Africa
A new era dawned for Aluminum Corp. of China (Chinalco) when its officials recently signed a contract with Rio Tinto to develop an iron ore mine and infrastructure deep in West Africa’s jungles. Chinalco agreed to …
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Blood and Iron: Rio Tinto heads to the top
Rio Tinto is talking up its future prospects, in advance of its London annual general meeting next month.
A huge nickel mine is slated for Indonesia; the company is about to take over a vast …
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London Calling deplores the gilding of Tata’s tarnished image
New York-based Rainforest Alliance has certified Tata (Tetley brand) teas as “sustainable”. The first products carrying this highly sought-after stamp of approval will be selling in the UK before April, and throughout the world over …
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Guinea regime says it will audit global miners
Recently, the government of DR Congo announced results of an audit of mining contracts signed with the former military regime, mostly by foreign companies. Arguably, it took the return of a fragile democracy (though certainly …
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