Rio Tinto

Mozambique Mining: Rio Tinto’s Thompson deals with misconduct allegations at AGM

Posted on April 13, 2018April 13, 2018 by Mozambique Resources Post

Former Rio Tinto coal assets, now acquired by India consortium Mining major Rio Tinto has again denied allegations of withholding information from shareholders regarding its Mozambican coal assets, with chairperson Simon Thompson saying that the company would “vigorously” defend itself against these allegations.

Global Mining: Rio Tinto becomes first aluminium producer certified under new sustainability benchmark

Posted on April 12, 2018 by Mozambique Resources Post

Mining giant Rio Tinto has become the first company in the world to be certified under the Aluminium Stewardship Initiative (ASI) – a new benchmark for healthy environmental, social and governance practices across the aluminium lifecycle of production, use and recycling, the company announced on Tuesday.

Mozambique Mining: Australia takes Rio Tinto to court over Moz coal deal

Posted on March 3, 2018 by Mozambique Resources Post

Australia’s corporate watchdog is taking Rio Tinto’s (ASX, LON:RIO) former chief executive Tom Albanese and chief financial officer Guy Elliott to court for allegedly misleading investors in relation to the miner’s botched coal investment in Mozambique.

Africa Mining: Nigeria-based AFC sees opportunity in mining infrastructure

Posted on December 27, 2017 by Mozambique Resources Post

(Reuters) – With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with investment funds to help fill the gap.

Africa Mining: Rio Tinto throws its weight behind Africa as mining central

Posted on November 22, 2017 by Mozambique Resources Post

Africa, as the largest untapped source of growth in the mining sector, is pivotal in helping Rio Tinto and other resources companies to supply the changing needs of the huge Asian market, a senior company official said on Wednesday.

Global Mining: Vale opens world’s largest iron ore mine

Posted on December 20, 2016 by Mozambique Resources Post

Vale opened this weekend the S11D iron ore mine in Brazil – its biggest project ever, adding 75M metric tons of production when it reaches peak output in four years and firmly lifting Vale over Rio Tinto as the world’s top iron ore producer.

Africa Mining: World Bank walks out of Simandou untapped iron reserves

Posted on October 13, 2016 by Mozambique Resources Post

The World Bank’s International Finance Corporation is leaving the project, according to reports, having exercised a right to ask Rio Tinto (LN:RIO) and partner Chinalco to buy out its 4.6% holding in the joint venture.

Global Mining: Vale makes boldest iron ore oversupply move yet

Posted on September 15, 2016 by Mozambique Resources Post

The import price of 62% Fe content ore at the port of Tianjin declined more than 2% to trade at $56.20 per dry metric tonne on Wednesday, a near-eight week low, according to data supplied by The Steel Index.

Global Mining: Vale output expects record levels despite dam disaster

Posted on July 21, 2016 by Mozambique Resources Post

Vale SA’s relentless expansion is expected to keep the world’s biggest iron-ore miner near record output levels despite the hobbling effects of last year’sSamarco dam burst on its Brazilian operations.

The Economist: “Overblown expectations of the mining sector”

Posted on February 11, 2016 by Mozambique Resources Post

The government of Mozambique remains confident that its mining boom is set to accelerate in the coming years, despite weak sentiment in the global mining industry. Rising coal production and an eventual rebound in global prices will spur some growth in Mozambique’s mining sector in 2016‑20 but we expect that, weighed down by infrastructure deficits and non-competitive policies, it will remain a relatively small contributor to GDP growth.

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