Rio Tinto
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COPPER: Rio Tinto invests US$1.5 billion to extend Kennecott operations
UTAH – Rio Tinto has announced a US$1.5 billion investment over the next six years to extend production at its Kennecott copper operation to 2032. The funds will allow for development of the second phase of the South Wall Pushback…
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Turquoise Hill faces legal challenge at Oyu Tolgoi
Last week, Turquoise Hill Resources reported that a lawsuit previously lodged by a Mongolian non-governmental organization (NGO) group was apparently upheld by the country’s Administrative Court. The challenge, brought by NGO group Darkhan Mongol Nogoon Negdel, alleges due process was not properly…
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DIAMONDS: Shore finds potential partner in Rio Tinto
As recently as 2012, mining giant Rio Tinto had been publicly considering exiting the diamond space. But the company, which operates and owns 60% of the Diavik mine in the Northwest Territories, as well as the Argyle mine in Australia, was unable…
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ALUMINUM: NRC promotes more use of aluminum
A newly formed alliance called ALTec Industrial Research R&D Group is consolidating research efforts in the Canadian aluminium sector to develop innovative aluminium products for ground transportation vehicles. As a cost-effective and sustainable material, aluminum is increasingly being used to…
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Erdene rises on Bayan Khundii gold discovery in Mongolia
VANCOUVER — Erdene Resource Development’s (TSX: ERD; US-OTC: ERDCF) interest in Mongolia dates back to the late 1990s, and so it has experienced the good and bad times in the oft-volatile country. The company’s dedication may be about to pay off, however, due to its wholly owned Bayan Khundii…
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Rio Tinto could be ready for a Turquoise Hill takeover, analysts say
VANCOUVER — It’s not a secret that many in the mining community are pretty bullish on copper’s long term prospects. There’s some disagreement over the timeline for recovery, but typical analyst models assume a supply deficit for the red metal…
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Forum CEO touts ‘very exciting’ year on the Athabasca
VANCOUVER — It’s not shaping up to be a particularly active year for the exploration community, but Forum Uranium (TSXV: FDC; US-OTC: FDCFF) is bucking the trend with a pair of drill programs it hopes will lead to another major…
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ALUMINUM: Modernized Kitimat smelter begins production
BRITISH COLUMBIA – International diversified miner Rio Tinto is preparing the first shipments of aluminum from its modernized Kitimat smelter.
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DIAMONDS: IamGold sells Diavik royalty to Sandstorm for US$56.8M
NORTHWEST TERRITORIES – IamGold Corp. of Toronto is selling its 1% gross proceeds royalty that includes the Diavik diamond mine near Lac de Gras to Sandstorm Gold of Vancouver. The Diavik mine is owned 40% by Dominion Diamond and 60% by a…
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DIAMONDS: Diavik output to fall 7.5% in 2015
NORTHWEST TERRITORIES – The Diavik diamond mine near Lac des Gras produced 7.24 million ct of diamonds during calendar year 2014, but according to information provided by Dominion Diamond Corp. output is to fall 7.5% this year to 6.70…
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COMMENT: Innu $900M lawsuit against IOC can proceed
The Innu First Nations of Uashat Mak Mani-Utenam and Matimekush-Lac John, whose traditional territory (Nitassinan) covers a large part of northeast Quebec and Labrador, have won the right to sue Iron Ore Co. of Canada (owned by Rio Tinto)…
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HSBC cuts forecasts for iron ore prices
The current iron ore market “looks like a game of chicken where no player has blinked,” says the Hong Kong and Shanghai Banking Corporation.
