Iron – Bloomberg reported that Rio Tinto (NYSE:RIO) has announced record iron ore production for the first quarter of 2014. The increased outputs will add to a rising global surplus, according to Bloomberg.
Articles Tagged "NYSE:RIO"
Coal – Reuters reported today that Rio Tinto (ASX:RIO,NYSE:RIO) lost an appeal to the Australian Supreme Court to expand its Warkworth coal mine in New South Wales, Australia. Managing Director Chris Salisbury told Reuters that Rio Tinto will submit a revised plan for the mine that will include funding for woodland and employment programs and a 1,800 hectare National Park.
Iron – BHP Billiton (ASX:BHP, NYSE:BBL) is looking to "simplify" its portfolio, potentially spinning-off its non-core assets into a new company.
Iron – Bloomberg reported that according to Charles Siwawa, CEO of the Botswana Chamber of Mines, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) may have found "huge" iron ore deposits in the country.
Potash – Rio Tinto's well-kept secret is out. The company is a joint venture partner in a rather large potash deposit in Saskatchewan, not too far from BHP's Jansen mine.
Iron – Mining Weekly reported that the government of Western Australia has okayed Rio Tinto plc's (ASX:RIO,NYSE:RIO,LSE:RIO) expansion of two of its Pilbara-based iron ore operations.
Potash – Shares of Western Potash spiked today, fueled by rumors that the development and acquisitions company could be at the center of a bidding war.
Iron – Mining Weekly reported that Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) Alan Davies said at Investing in African Mining Indaba that the Simandou project, which is expected to put out about 100 million tonnes of iron ore annually, is a "very important investment" for the company.
Diamond – Rav Dhillon, founder of jeweler Dhillon Prestige, spoke with Diamond Investing News about how his company sources diamonds, why it's so important to educate investors and today's most popular diamond colors.
For the first time in three years, Citibank has moved its 12-month sector stance from neutral to bullish. The New York-based bank said it favors diversified miners over pure-play producers this year.