Rio Tinto board gives go-ahead on Simandou iron ore project
"The board yesterday approved the largest mining project in the world," CEO Stausholm told the Financial Times.
Latest Stories
China’s top coal producing region tells miners to curb overproduction
Coal miners in Shanxi were asked to reduce output and carry out safety checks from March to May.
AMG cuts 2024 profit target as low lithium prices weigh
The lithium supplier said it would reduce its headcount by around 200.
China lithium futures ride environmental rollercoaster
The most-active July contract on the Guangzhou Futures Exchange surged by 10%.
SQM makes $9.4m follow-on investment in UK battery recycling firm
Since SQM's initial investment of $2.57 million last year, Altilium has hit a number of key development milestones.
Aluminum price surges as White House plans fresh sanctions on Russia
President Joe Biden said the US plans to unveil a “major” sanctions package against Moscow on Friday.
In election year, South African mines bleed cash, jobs
The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.
Rio Tinto reports 12% profit drop but returns more cash to investors
The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.
Burkina Faso suspends export permits for small-scale gold production
Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020.
