Content about Rio Tinto

Henk Pauw, CEO of Sohar Aluminium, talks to Gay Sutton about the company’s role in promoting industry in Oman and creating jobs for local people.

From the earliest days of exploration around Lac de Gras in Canada’s Northwest Territories, the Diavik Diamond Mine has worked closely with the Aboriginal people to protect their environment and share the revenue from the mine. Gay Sutton reports

Ivanhoe Mines, Rio Tinto and the government of Mongolia have reached an agreement on the stakeholding of the Oyu Tolgoi project in the Asian country.

The government was seeking to raise its stake in the mine, which is expected to go into production during the third quarter of next year, from 34 per cent to 50 per cent.

The government has now agreed for its stake to remain at 34 per cent.

Ivanhoe Mines and Rio Tinto have already invested $2.6 billion into the project, with significant additional funds also committed to bring Oyu Tolgoi into production.

Mining giant Rio Tinto has announced its intention to sell its shareholding in South Africa’s Palabora Mining.

Rio Tinto currently holds a 57.7 per cent share in Palabora, whose primary asset is a copper mine in the Ba-Phalaborwa area of Limpopo, South Africa.

The mine has a current mine life until early 2016, and studies are underway for a potential extension to 2030.

International mining group Rio Tinto has now acquired 99.74 per cent of the shares of Riversdale Mining Limited after Tata Steel today allowed its 26.28 per cent stake into Rio Tinto's takeover offer.

Riversdale has hard coking-coal projects in Mozambique and also owns an underground coal mine in South Africa—Zululand Anthracite Colliery. Mozambique is strategically well placed to supply hard coking coal to India and Brazil, where the steel industry is growing and a number of new coal-fired power stations are being built.

Anglo-Australian mining giant Rio Tinto has made another increased bid for Riversdale Mining in an effort to convince shareholders to accept its acquisition proposal.

The new bid values the Australian owned coal miner at $4 billion. Rio first offered $3.5 billion last December, before improving the offer slightly later the same month.

The new bid represents an increase from $16 a share to $16.50, but Rio wants more than 50 per cent of shareholders to accept the bid by 23 March.

Anglo-Australian mining giant Rio Tinto has increased its offer for Riversdale Mining to £2.5 billion (A$3.9 billion), after initially offering £2.2 billion earlier this month.

Riversdale's directors said the offer provided "immediate value" and that they would recommend it to shareholders.

London-based miner Rio Tinto has said it will spend £518 million expanding its diamond operations.

The mining group’s diamond business is often overlooked, due to the success of its primary iron ore, copper and coal operations. However, its diamond unit is the third-largest in the world behind industry leaders De Beers and Alrosa.

Rio Tinto’s diamond division is based on three mines, including Argyle in the north-western desert area of Australia.

By positioning itself in a region already rich in mineral assets and infrastructure, Labrador Iron Mines is reviving a historic mining operation within the heart of Canada’s prolific Labrador Trough iron range. Keith Regan learns how this first mover of high-quality DSO product envisions a growing production profile at its deposits along the Quebec-Labrador border.

Glittering prospects
Cyprus-based EMED Mining has two exciting prospects on its hands: a copper development mine in Spain and a gold deposit in Slovakia. Developing both sites will require local expertise and a sensitive approach, as Becky Done finds out from Harry Anagnostaras-Adams.
Established in 2004, EMED Mining is a minerals developer focusing on copper and gold in the tectonic belt that extends 3,000 kilometres across Europe and the Middle East. The region is rich in deposits such as sulphide copper-gold, epithermal gold and porphyry copper-gold; and although the area has already undergone extensive mining over the years, EMED Mining has recognised that an abundance of opportunities still exists there.