Copper – Bloomberg reports that mining giant Rio Tinto (ASX:RIO, LON:RIO) has rejected another request from the Mongolian government to regotiate their position in a $6.2 billion mine that Rio, together with Turquoise Hill Resources Ltd., (TSX:TRQ) plans to start next year.
Iron – Nigeria is looking to diversify its minerals and mining sector to reduce the dependence on oil as a source of national revenue. The West African country is looking to produce 2 million tonnes of iron ore in 2012 through the state owned National Iron Ore mining Co. Ltd.
Silver – Recognized as one of the world’s top resource producing and exporting nations, Australia is well-known for its vast wealth of metals and minerals that includes coal, uranium, copper and gold. Lesser known is the significant role silver mining has had in the country’s history.
Iron – By 2015 iron ore production is set to grow by 53 percent. This has worried investors that falling prices will hurt the bottom line of some of the world’s largest mining firms. Recent movements in share prices have reflected these concerns. Yet the heads of the BHP, Vale, and Rio Tinto remain confident.
Aluminum – The outlook for aluminum is more positive than the steep drip in price since April may suggest. The world’s largest producers of the metal are confident that 2012 will see robust demand growth, and some have even invested millions in upgrading production capacity. Automotive production will be the main catalyst for growth.
Iron – SMH reported Rio Tinto's (LON:RIO,NYSE:RIO) ownership of the Simandou iron ore project in Guinea remains unchanged despite the new mining code.
Diamond – Bloomberg reported Rio Tinto Plc (NYSE:RIO,LON:RIO,PINK:RTPPF)’s Murowa diamond mine has been eclipsed as by private company Mbada Mines Ltd.
Iron – Bloomberg reports Rio Tinto Group (NYSE:RIO,LON:RIO,ASX:RIO) paid this year’s highest rent for a capesize vessel to carry iron ore to China from Australia.
Diamond – Bloomberg reports Rio Tinto Group (LON:RIO,PINK:RTPPF) has partial approval from the Zimbabwean government to increase black citizens ownership of a diamond mine.
Iron – Forbes reports experts expect strong results on account of high commodity prices and stable production for Rio Tinto (NYSE:RIO,LON:RIO,ASX:RIO).
Get our independent commentary on resource trends and companies delivered to your inbox.
