CRU’s independent study shows that Black Iron’s projected operating and construction capital costs position the company well in the global iron ore market.
Rio Tinto shareholders that voted in favour of a resolution calling the miner to review its membership of the Minerals Council of Australia (MCA) and other lobby groups.
The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.