Rio Tinto Group
Rio Tinto Group
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Falling road transport capacity because of border closures and fears about weak health precautions by bulk shipping operators could threaten the hitherto outstanding success of Western Australia’s iron ore mining sector in protecting their workers and the national economy from the worst effects of COVID-19.
It’s kiss and make up time for Rio Tinto and engineer Monadelphous Group over a fire at the global miner’s Cape Lambert sinter fines processing facility in the Western Australian Pilbara region in January 2019.
Rio Tinto launched a writ of summons in June 2020 against Monadelphous, which was undertaking maintenance shutdown work at the time of the fire. Monadelphous denied liability and contested the claim for $A35M in material damage costs and $458M loss of business and work-around solutions.
Rio Tinto has further expanded the exploration program at the Citadel gold-copper-silver-tungsten project in Western Australia’s exciting Paterson province, increasing its 2021 budget to $A24.5M from $13.8M and raising its interest in the JV with Antipa Minerals to 65% from 51%.
The boosted 19,000m drill campaign is targeting mineralisation and resource extensions at the Calibre and Magnum gold-copper deposits while also testing greenfield targets over the 1,300sqkm tenement package 400km E of Port Hedland.
Rio Tinto and its subsidiary Turquoise Hill Resources have reached a ‘constructive and equitable agreement’ to end their long dispute over the funding of the underground development of the Oyu Tolgoi copper-gold mine in Mongolia.
Rio Tinto and its subsidiary Turquoise Hill Resources have finally reached agreement on funding the underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, removing a barrier to the growth of what’s expected to become one of the world’s largest copper mines.
The end of the lengthy stand-off between the two companies comes just over a month after then-Turquoise Hill CEO Ulf Quellman quit under intense pressure from Rio Tinto.
Leading mining services provider Mineral Resources’ CSI Mining Services has won the out load and haul, drill and blast, and short-term mine planning contracts for Rio Tinto’s Brockman 2 iron ore mine in Western Australia’s Pilbara region.
Rio Tinto’s Iron Ore Company of Canada has declared force majeure on contracts and is working with customers to minimise disruption following a fire at reclaimer No 2 at its Sept-Îles port facilities in Quebec, the export outlet for its Labrador City mine and processing plant.
The global miner holds 58.7% of IOC in a joint venture with Mitsubishi (26.2%) and Labrador Iron Ore Royalty Income Corp (15.1%).
Rio Tinto is venturing into a new market sector with agreement with Australian-based 3D printing supplies manufacturer Amaero International to develop a supply chain for Amaero’s high operating temperature aluminium alloy HOT Al.
The global miner has begun construction in Canada of a pilot plant that will be North America’s first producer of high-quality scandium oxide.
Rio Tinto has outlined a $US2.9M investment at its Kennecott copper operation in Utah, USA to create a new North American supply chain for tellurium, a critical mineral used in the manufacture of solar panels.
The plant will have the capacity to recover about 20tpa tellurium as a by-product from the waste streams of copper smelting, with first production due in the Dec 2021 qtr.
Turquoise Hill names ‘independent’ to pursue Oyu Tolgoi expansion funding negotiations with parent company Rio Tinto after chief executive Ulf Quellmann succumbs to pressure and resigns.