Billion-pound cash infusion clears path for UK potash mine
The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.
The chances of a potash mine taking shape on the Yorkshire moors just got a whole lot better, thanks to a major financing.
Diavik mine, owned by Dominion Diamond with a 40% stake and Rio Tinto holding the remaining 60%, has been affected by mayor changes as of late.
Diavik mine, owned by Dominion Diamond with a 40% stake and Rio Tinto holding the remaining 60%, has been affected by mayor changes as of late.
Before moving on to discuss the details of what is happening, I want to make clear my reasons for writing. Most importantly is a hope that a re-evaluation of policies within Rio Tinto-Iron Ore Canada (IOC) might alleviate some of the suffering and worst outcomes.
World’s second largest miner Rio Tinto is cutting more jobs across its iron ore division in Western Australia as part of a major restructuring of its most profitable division, announced in June.