The world’s leading deep-sea mining company last week announced it had “unveiled” (sic) another high grade copper deposit at the bottom of Papua New Guinea’s Bismarck Sea. Dubbing the deposit “Solwara 12”, Nautilus Minerals made the...
The Panguna mine in Bougainville was closed down as a result of armed opposition by Bougainvilleans. The mine is owned by Rio Tinto subsidiary Bougainville Copper Limited. For background, see https://londonminingnetwork.org/?s=Bougainville. THE Bougainville copper...
Rio Tinto, the world’s No 3 miner by market value, produced an astonishing USD 13.7bn in free cash flow for 2010, nearly USD 10bn more than the USD 3.8bn seen in 2009. Free cash flow (operating cash flow less capital expenditure) was assisted mainly by prices:...
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 Australian media report stated. The Australian Financial...
Brazilian steelmaker CSN’s acquisition of additional stakes in Australian coal miner Riversdale Mining is an attempt to hinder the latter’s takeover by multinational resource group Rio Tinto, SLW brokerage analyst Pedro Galdi told BNamericas. See...
Civil society and trade unions have urged the European Commission to introduce new regulation requiring companies in both industrialized and developing countries to report on their environmental, social, human rights and governance impacts. The Global Reporting...
