Mongolia's new legislation that removes distinction between domestic and foreign companies when it comes to investing in the country will help attract more investment, miners with projects in the region said Friday. From November 1, ...
Tags: Miners, Mining Sector
Rio Tinto and China's Chinalco have signed a memorandum of understanding to develop new mining technology and further develop Rio Tinto's mine of the future programme, Rio said Friday. Speaking at an event in Beijing Friday, Rio Tinto's ...
Tags: iron, Metallurgy, Mineral, Energy
In the week ended October 21, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 3.21 million mt, according to Newcastle Port Corporation. The figure constitutes an increase of 0.6 ...
Tags: Coal
Chalco Hong Kong Ltd, has agreed to sell its equity stake in Chalco Iron Ore Holding to Chinalco Overseas Holdings to ease funding pressure from the joint venture Simandou iron ore project in Guinea, Chalco said in a filing to the Hong Kong ...
Tags: Iron Ore Project, Chalco
In the third quarter of the current year, the global iron ore production of Australia-based Rio Tinto, the world's second biggest iron ore producer, increased by two percent to 68.3 million mt compared to the third quarter of 2012, setting ...
Tags: Rio Tinto, Iron Ore Output
The mining giant Rio Tinto announced to pour nearly €80 million in its Dunkirk aluminum plant in the past 18 months. It's learned that the company plans to invest at least that much again over the next five years on energy saving and ...
Tags: Aluminum Plant, Metallurgy, Mineral, Energy
Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over. For him its just moved north. As some mining firms clock up billions of dollars in ...
Tags: Mining Boom, Chemicals
Australian port and rail company Asciano Wednesday posted a 41.2% year-on-year rise in net profit to A$342 million ($311 million) for the fiscal year to June 30, due in part to new rail contracts to haul coal in the state of Queensland and ...
Tags: Coal, Chemicals, Metallurgy, Mineral, Energy
Reportedly, the mining giant Rio Tinto hit a five-month high amid speculation that the miner was moving closer to selling its Alcan aluminum division. Rio Tinto’s management was now focused on understanding the business. While ...
It’s reported that China’s Hebei Steel has completed the project of buying PMC. Now it becomes the largest shareholder of South African miner Palabora Mining Co (PMC). It buys the 74.5% stake of PMC which was owned by Rio ...
Tags: Hebei Steel
In the week ended August 5, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 2.26 million mt, according to Newcastle Port Corporation. The figure constitutes a decrease of 23 percent ...
Tags: Coal Exports
Australian iron ore giant Rio Tinto has announced its financial results for the first half of 2013, registering decreased earnings amid lower average market prices and a higher effective tax rate. However, the decrease in the company's ...
Tags: Net Profit, Rio Tinto
The Australian share market has outperformed others in the Asian region, as strength in the banking sector pushed it higher. Commonwealth Bank shares closed at a record high, and its three rivals also posted strong gains. That helped ...
Tags: share market
Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian sharemarket finish higher. At 4.15pm AEST, the benchmark S&P/ASX200 index was up 18 points, or 0.36 per cent, at 5035.1. The broader All ...
Tags: Chinese Woes
Trimet Aluminium SE, one of Germany’s leading aluminum manufacturers, has made a binding offer to take over two production plants of Rio Tinto Alcan in France. With the new locations, Trimet intends to expand on the successful ...
Tags: Aluminium Plants