Rio Tinto’s Simandou project to cost over $18 billion
Chinese giant Chalco, in the process of is selling its stake in the project to parent Chinalco, said it will get a bit over $2bn for the transaction.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Gabriel Resources says troubled Rosia Montana project cost up about $100 million
Europe's largest gold mine will cost Gabriel Resources US$15 billion.
Mining sector fall weighs negatively on US industrial output
First drop in mining ouput in seven months.
US closing eight coal-fired power plants in Tennessee
Decision was driven by a combination of environmental requirements, the age of the plants, competition from natural gas and declining electricity consumption in Tenessee.
World’s largest gold miners put Nevada mine up for sale
Barrick and Goldcorp said to be ready to wave their Marigold mine good-bye.
World’s largest orange diamond breaks record: sold for $36m
The gem set a world record price per carat for any diamond sold at auction, as well as a world record price for an orange diamond.
Study links copper intake to cancer cells growth
Researchers probed that copper in drinking water – given at the maximum levels permitted in public water supplies – accelerated the growth of tumours in mice.
Lawmakers stall vote on bill that will open door to US largest copper mine
Resolution Copper mine —a 55%-45% joint venture between Rio Tinto and BHP— is expected to create 3,700 direct and indirect jobs and bring over $61 billion in economic benefits to Arizona over its 66-year life.
Gold demand plummets to four-year low
It dropped 21% in Q3, marking what several analysts consider a solid proof of the end of gold’s decade-long bull run.
Codelco to be one of the world’s top ten silver producers
The miner, already the world’s No. 1 cooper producer, will become one of the world’s ten largest silver producers as soon as its Ministro Hales mine begins production next year.
How Rio–Glencore talks fell apart
In the end it wasn't about copper, iron ore or coal, but who was paying more.
