Copper mining has been taking place in Africa for thousands of years and still occurs today. Here's a look at three companies that are currently mining the red metal on the continent.
Articles Tagged "LSE:RIO"
Diamond – The Telegraph reported that at its annual Argyle Pink Diamonds Tender, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) will put the 1.56-carat Argyle Phoenix, the largest red diamond ever produced by its Australia-based Argyle mine, up for sale.
Iron – Rio Tinto, (NYSE:RIO, ASX:RIO, LSE:RIO) a major producer of iron ore, said it expects Chinese demand for the steelmaking commodity to rise this year, Reuters reported.
Gold – Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.
Iron – EPC Engineer reported that Rio Tinto has installed a new shiploader at the new wharf at Cape Lambert. The shiploader is a major part of the company's Pilbara expansion, which is progressing on schedule, and has a nominal annual capacity of 55 million tonnes.
Diamond – Colin Ferguson of Rare Investment believes that prices for brown diamonds will rise dramatically in the next five years.
Copper – MINING.com reported that the United States' refusal to vote on World Bank funding aimed at expanding Rio Tinto's (ASX:RIO,LSE:RIO,NYSE:RIO) Oyu Tolgoi copper-gold mine has thrown a wrench in the company's plans as it has created pressure for the company to substantially change the project. Among other things, the US is reportedly concerned that the project's Environmental and Social Assessment "has gaps in critically important information."
Iron – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has responded to allegations from China's National Development and Reform Commission that the top three iron ore miners — BHP, along with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Vale (NYSE:VALE) — and some traders manipulated the markets to show a shortage of iron.
Iron – A brief overview of iron price developments, supply and demand and significant market movers.
Diamond – Here's a look back at what happened in the diamond market in 2012.