Articles Tagged "LSE:RIO"

Diamond Miners Form Organization to Support Sector Development

Diamond – Rapaport reported that major diamond companies have created an organization aimed at supporting development in the diamond sector. That support will include engaging in category marketing.

China Looking to Grow its Stake in the Uranium Market

Uranium – More than one big announcement from China hit the uranium space this week. First, China National Nuclear and China General Nuclear Power Group announced plans to obtain stakes in French nuclear company Areva. Then CNNC subsidiary CNNC International said it plans to seek acquisition opportunities to help meet growing Chinese uranium demand.

Rio Tinto, Mongolia Reach Agreement for Massive Oyu Tolgoi Expansion

Rio Tinto and the government of Mongolia have reached an agreement to move forward with a massive underground expansion at the Oyu Tolgoi copper mine. Development of the $5-billion underground mine has been stalled since 2013 due to disagreements between Rio and the government over taxes and costs for the project.

Australia Halves Iron Ore Price Forecast in 2015 Federal Budget

Iron – The slumping iron ore price has hit those involved in the space hard in the last year, with many companies reducing production and halting new construction. Now the Australian government has gone into defense mode with its Federal Budget 2015 report, which includes a conservative 12-month iron ore price estimate of $48 per tonne.

Iron Ore Price on the Rise Again

Iron – Iron ore has finally started to pick up after what seemed like an endless stretch of bad news. While it seemed that the industries biggest producers had no intention of slowing down their production in an attempt to muscle out the smaller companies, they are finally starting to let up a little and it's already beginning to show in the price. The price gains on Tuesday have been mainly attributed to an increase in China's demand for high-grade cargoes, which in turn, reduced stockpiles of the raw material at its ports to the lowest level since February.