Tycoon Usmanov’s firms to build plant for greener iron products

“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.

According to the company's CEO, exploration is expected to start shortly in the form a ground magnetic survey over portions of the project.

According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.

BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.

Under the terms of the collective agreement, employees do not get paid when work is not available.

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

The mining giant will add those jobs during the next 12 months.

The three-year wage agreement was signed by all three unions, the company said.