Rio Tinto Group
Rio Tinto Group
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Rio Tinto has awarded a contract to Southern Cross Electrical Engineering’s overhead powerline construction business, KJ Johnson & Co, to design and construct a 33kV distribution overhead line for the Yandi Sustaining Project in the Pilbara region, Western Australia.
The upgrade of the existing 33kV overhead line supplying various mine facilities from the Yandi 220kV switchyard and installation of new sections of powerlines will run for six months from June.
Rio Tinto Alcan suspended operations on the Roberval-Saguenay railway in Quebec, Canada following the death of an employee who was reportedly struck by a train on Sunday.
The 160km railway, first built over 100 years ago to service a local pulp mill, was purchased by Alcan in 1925 to service its plants in northern Quebec.
Cockatoo Coal has extended Industrea Mining Services’ whole of mine contract at the Baralaba South mine in the Bowen Basin of Queensland, Australia by two years to the end of 2013. The contract offers expected revenue of $38M a year, with an option to continue into 2014 subject to mine production levels.
Hathor Exploration received Canadian Competition Bureau clearance for Rio Tinto’s all-cash offer to acquire all common shares.
The Commissioner of Competition issued a "no action letter", which constitutes compliance with all requirements of the Competition Act.
Rio Tinto through an indirect wholly-owned Canadian subsidiary last week increased its offer to C$4.70 per share, trumping Cameco Corporation's unsolicited revised offer of $4.50.
The Rio Tinto offer values Hathor at $654 million on a fully-diluted basis.
Rio Tinto reached agreement with Fleetwood Corporation to take minimum 350 rooms at Searipple Village, Karratha, for 12 months from July 2011, with rolling options to extend six monthly. No price details announced.
Fleetwood notes new construction projects placing additional pressure on accommodation in Karratha region.