Articles Tagged "rio tinto"

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.

World’s Biggest Mining Companies Betting on Copper

Copper – There's still some uncertainty regarding how soon copper will shift into a deficit. However, positive arguments for the copper price got some support on Friday when a report from Bloomberg stated that five of the world's largest mining companies have all said good things about the red metal over the last month.

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.