Rio Tinto names Shell’s Katie Jackson as new copper chief
Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.
Powerful Korean conglomerate Samsung Group is said to be considering a $2.2 billion investment in an Australian nickel and cobalt mine, The Australian is reporting.
The newspaper reports that the owner of the mine, Mine X, has had discussions with Samsung “and other entities” regarding the Wingellina project located in a remote location in the Australian outback.
According to Metals X, the mine could produce 40,000 tonnes of nickel and 3000 tonnes of cobalt concentrates for 40 years, although the remoteness of its location means the mine would be expensive to develop, says the story.
Samsung image is by pcruciatti / Shutterstock.com
2 Comments
Pedro Bottesi Neto
For nearly 2 years I was part of the Samsung Mining Division team based in the UK (business development/M&A in mining) but we did not look at investments of such magnitude.
Congrats Samsung…
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