Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
Traditional Aboriginal owners in the Pilbara stand to receive more than $2 billion over 40 years under a watershed agreement with Rio Tinto that sets a new standard for negotiations between miners and indigenous Australia.
Seven years in the making, the land-use agreement with five Aboriginal groups will allow about 40 new iron ore mines to proceed in an area of 70,000sqkm