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Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says
4+ hour, 5+ min ago (323+ words) By Amy Lv and Lewis Jackson BEIJING, March 23 (Reuters) " Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to "rise, a senior executive at Australia's Fortescue said on "Monday. The…...
Rio shuts bauxite mines as cyclone hits northeast Australia
3+ day, 5+ hour ago (173+ words) March 20 (Reuters) " Rio Tinto, the world's largest iron ore producer, temporarily shut its Amrun "and Andoom bauxite mines in "Northern Queensland as tropical cyclone Narelle battered northeast Australia. Those mines produce about 30 million metric tons of bauxite a "year, "a…...
Rio Tinto gains control of Resolution Copper acreage after years-long court fight
6+ day, 10+ hour ago (478+ words) March 16 (Reuters) " Rio Tinto said on Monday it has gained control of acreage in Arizona needed to build the Resolution Copper mine, a project slated to become one of the largest U.S. sources of the critical mineral but one "that Native…...
Australia’s Lynas inks US rare earth oxide supply deal
1+ week, 11+ hour ago (252+ words) March 16 (Reuters) " Australia's Lynas Rare Earths said on Monday its unit Lynas USA LLC has signed a binding letter of intent "with the U.S. government to finalise "a rare earth oxide supply agreement. Under the deal, the Pentagon will allocate about…...
Rio Tinto to restart $473 million South African mineral sands project
3+ week, 1+ hour ago (154+ words) March 2 (Reuters) " Rio Tinto has approved the restart of Richards Bay Minerals" $473 million Zulti "South project in South Africa, "the company said on Monday, six years after halting the venture due to community unrest. Richards Bay Minerals, 74%-owned by "Rio…...
Ecuadorean lawmakers pass reform geared at driving mining investment
3+ week, 3+ day ago (229+ words) QUITO, Feb 26 (Reuters) " Ecuador's National Assembly on Thursday'approved reforms proposed by President Daniel Noboa aimed at boosting the nation's mining sector, but that have been criticized "by environmentalists and indigenous groups. The changes include modifications to "environmental permitting processes, part…...
Exclusive-Glencore to buy almost $115 million of cobalt from industry veteran Weisfisch, sources say
3+ week, 6+ day ago (492+ words) LONDON, Feb 24 (Reuters) " Glencore has agreed to buy nearly 2,000 metric tons of cobalt worth almost $115 million at current prices from industry veteran Rami Weisfisch in a landmark deal, two sources with knowledge of the matter said. The material, "which is…...
Australia’s Santos signs gas supply agreement for Whyalla Steelworks
1+ mon, 3+ day ago (151+ words) Feb 20 (Reuters) " Australia's Santos said on Friday it has signed an agreement "with the South Australian "government to supply 20 petajoules (PJ) of gas annually over 10 years to help transform Whyalla Steelworks "into "a low-emissions green "iron facility. Santos said "it…...
Chilean authorities raid homes of former Codelco executives in El Teniente investigation
1+ mon, 3+ day ago (176+ words) SANTIAGO, Feb 19 (Reuters) " Chilean authorities on Thursday raided the homes of two recently dismissed executives "of state copper miner "Codelco as they continue their investigation into a deadly collapse at the El Teniente mine last year. Officials during the "searches…...
Rio Tinto annual earnings flat as iron ore weakens, copper cushions blow
1+ mon, 4+ day ago (515+ words) By Melanie Burton and Roushni Nair MELBOURNE, Feb 19 (Reuters) " Rio Tinto on Thursday reported flat annual earnings that missed expectations as its mainstay iron ore business suffered from lower prices, though this was offset by a strong performance from its…...