Rio Tinto plc
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COPPER: Larger share of Grasberg to cost Inalum $3.9B
INDONESIA – There is now a non-binding heads of agreement covering the Grasberg copper mine in Papua state. When the details are worked out it will be signed by Freeport-McMoRan, Rio Tinto, the PT-FI joint venture, and state-owned Inalum. Inalum…
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COPPER: Inalum said close to acquiring Rio interest in Grasberg mine
INDONESIA – The rumours are flying this week concerning who might buy out Rio Tinto’s share of the giant Grasberg copper mine in the province of Papua. Rio let it be known several weeks ago that it wanted to sell…
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DIAMONDS: Star Diamond files PEA for Star-Orion South project
SASKATCHEWAN – Star Diamond Corp. of Saskatoon has filed the preliminary economic assessment for its Star-Orion South project 60 km east of Prince Albert. The report estimates that 66 million carats of diamonds could be recovered from an open pit…
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COPPER-GOLD: Grasberg talks underway says Rio
INDONESIA – Rio Tinto of Melbourne, Australia, has confirmed that it is in talks with several parties concerning the sale of its interest in the Grasberg copper-gold mine in the province of Papua. Historically, the project has been owned 40%…
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IRON ORE: Rio Tinto to double autonomous drills
AUSTRALIA – London, England’s Rio Tinto is almost doubling its fleet of autonomous production drills at its iron ore mines in Western Australia. All drills are monitored by the company’s operations centre in Perth, 1,500 km away. Four additional drills,…
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ALUMINUM: Rio Tinto first in world to get stewardship certification
MONTREAL – Rio Tinto Aluminium is the first company in the world to be certified under the Aluminum Stewardship Initiative (ASI). This is the highest international standard for environmental, social and governance practices across the aluminum lifecycle – production, use…
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COMMENT: What does Rio Tinto know about coal?
One of the largest miners in the world, Australia’s Rio Tinto plc, is shedding its coal assets at a surprising rate over the last year. To wit: Rio divested its interest in its wholly-owned subsidiary Coal & Allied Industries in…
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HAULING: Rio Tinto’s autonomous Komatsu trucks reach 1B-tonne milestone
AUSTRALIA – Rio Tinto’s fleet of autonomous haul trucks achieved a significant milestone at the company’s world-class operations in Australia last week by moving their one-billionth tonne of material. Since commencing trial operations in 2008, haul trucks fitted with autonomous…
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VIRTUAL REALITY: Worksite VR training at Oyu Tolgoi mine
AUSTRALIA – Immersive Technologies developed a series of WorksiteVR Quest virtual reality scenarios designed to facilitate a blended learning model in conjunction with eLearning and practical activities. Mine site inductions are necessary however often dry, boring, and forgettable. Mining operations are now…
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COPPER-GOLD: Indonesian government to pick up Rio’s share of Grasberg
INDONESIA – If the Indonesian government wants 51% of your mine, what can you do? Freeport McMoRan of Phoenix, Ariz., has caved to the demand and agreed to divest its interest in one of the world’s richest copper-gold mines in…
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ALUMINUM: Rio Tinto wins Can-Am award for Kitimat smelter
BRITISH COLUMBIA – Rio Tinto has won the Canadian-American Business Council’s Corporate Leadership Award for the $6-billion modernization of its BC Works smelter at Kitimat. The smelter produces some of the world’s lowest carbon aluminum. The Corporate Leadership Award is…
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SEC charges Rio Tinto with fraud
The U.S. Securities and Exchange Commission (SEC) has charged Rio Tinto (NYSE: RIO; LON: RIO) and two of its former executives with fraud for inflating the value of coal assets the company acquired in Mozambique for $3.7 billion in 2011 and sold…
