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

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.

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

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.

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Global Mining: Vale makes boldest iron ore oversupply move yet

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.

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The Economist: “Overblown expectations of the mining sector”

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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