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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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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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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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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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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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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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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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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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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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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The “cat and mouse” game between Rio Tinto – global number two iron ore producer – and the Guinean regime continues, over control of what the UK company claims is the world’s biggest “undeveloped” iron …
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