The CEO of world number two miner Rio Tinto said the quality of Chinese mining equipment is catching up and in some instances surpassing that of the major US manufacturers.
The collapse of a leach tank at Australia’s Ranger uranium mine, operated by Rio’s subsidiary Energy Resources of Australia, was the second such incident for the mining giant in less than a week.
Work on half of the giant Simandou concession in Guinea has been halted amid a corruption probe, but the door to a settlement between the Western African nation, Brazil's Vale and Beny Steinmetz's mining arm may be in the offing.
If you are reading this on a tabloid or a smartphone, then you are likely holding bits of so-called “conflict minerals,” mostly used in the manufacturing of mobile phones, tablets and laptops.