Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Rio Tinto is testing new techniques for underground drifting, mineral exploration and improved recovery of ore in its latest push to develop competitive advantage through its Mine of the FutureTM program. Launched in 2008, the program, covered extensively in articles in International Mining, introduces next-generation technologies for mining operations to reduce costs, increase efficiency and improve health, safety and environmental performance.