Articles Tagged "rio tinto"

Rio Tinto Closes Deal for Guinea Iron Ore Project

Iron – The Financial Times reported that Rio Tinto (NYSE:RIO) has struck a deal with the government of Guinea for a $20 billion iron ore development project. Rio Tinto plans to push ahead with the Simandou project now that its rights have been returned, according to the Times. The company's mineral rights were previously stripped and sold to BSG Resources and Vale (NYSE:VALE).

Rio Tinto Loses Legal Fight to extend Australian Coal Mine

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.