Anglo to halt Minas Rio in Brazil if expansion licence delayed further

Analysts said Baja is done.

For US$22 million.

Through a subsidiary, Rio owns 19% of Northern Dynasty, making it the largest single investor.

Once confined to Peru and Colombia, the shady business has spread out to neighbouring countries and is generating up to five times more revenue than drug trafficking.

Canada's United Steelworkers union is asking the British Columbia Supreme Court to revoke the HD's exploration permit, alleging local authorities granted it without addressing safety concerns.

Work is likely to restart within the next 90 days, a top government official said following a public meeting with local residents.

With the announced capacity of 18 million pounds U308 per year, Cigar Lake will only marginally lag behind the world’s biggest uranium mine, the McArthur River in Saskatchewan.

Environmentalists argue the approval will see 3 million tonnes of dredge spoil will be dumped in the Great Barrier Reef.

It has extended Drummond port improvement deadline, but it will charge the company daily fines.