Sailingstone, its second biggest investor, flagged its vote in an open letter last month, citing governance issues and the board's lack of engagement with minority investors.
Rio Tinto Mining News
No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.
Approval is subject to conditions, including the protection of national park water resources and endangered ghost bats.
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
The company says demand for its products had not been impacted by the US-China trade dispute.
Once completed, the mine will have an annual capacity of 43 million tonnes, underpinning output of the Pilbara Blend, Rio Tinto’s flagship iron ore product.
Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program.
Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study.
The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.
The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.
The 28-carat diamond, named Argyle Octavia, will be auctioned in Antwerp, Belgium.
The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.
Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.
Investment will go towards more drilling, orebody studies, infrastructure improvements and permitting activities.
The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
The company does not say whether this would impact shipping of the mineral.
Rio Tinto plans to offer technical consulting advice, as well as contribute $1 million over five years to the program.
The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politician.
Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.
Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.
Rio Tinto on Monday cut its 2019 outlook for iron ore shipments from Australia's Pilbara region due to production disruption and damage caused by tropical cyclone Veronica, which hit Western Australia last week. The world's […]
Businesses affected included those in the iron ore export hubs of the Pilbara region, as well as Rio Tinto's bauxite operations in Weipa to the east.
The suspension comes after Rio, BHP, and Fortescue on Thursday cleared their ships from ports ahead of Cyclone Veronica.