Rio Tinto plc
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COPPER-GOLD: Turquoise Hill updates progress of underground development
MONGOLIA – As the pit exhausts it resources, mining is moving underground at the Oyu Tolgoi copper-gold mine in the South Gobi area. Owner Turquoise Hill Resources of Vancouver updates the progress. Rio Tinto, holder of a 51% interest in…
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DIAMONDS: Stars of the Arctic – Vega, Altair and Capella
NORTHWEST TERRITORIES – Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds ever recovered from the Diavik mine near Lac de Gras. Collectively known at the Diavik Stars of the Arctic, the Stars will…
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COPPER-GOLD: Rio Tinto signs binding agreement for Grasberg sale
INDONESIA – British-based Rio Tinto has signed a binding agreement for the sale of its interest in the Grasberg copper-gold mine in Papua state. PT Indonesia Asahan Aluminium (Persero) (a.k.a. Inalum), the country’s state run mining company, is buying into…
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DONATION: Rio Tinto pledges $120,000 to fight B.C. wildfires
KITIMAT, B.C. – Rio Tinto will donate $100,000 to Burns Lake and District Community Foundation, a non-profit group leading emergency relief effort in Burns Lake and Lakes District communities in northwest British Columbia. Rio Tinto has also contributed $20,000 to…
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DIAMONDS: Diavik celebrates fourth pipe opening
NORTHWEST TERRITORIES – Mining has begun on the A21 – the fourth kimberlite pipe to be put into production at the Diavik diamond mine near Lac de Gras. The new pit will supply kimberlite to the processing plant for the…
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EDITORIAL: Expect copper price rise
Recent events are conspiring to push up the price of copper significantly. Lack of new discoveries and labour action at the world’s largest copper mine make both the short and long term outlook for copper prices rosy. First is the…
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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…
