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Rio injects extra $200 million in Jadar lithium project
Rio Tinto said on Thursday it approved nearly $200 million for its Jardar lithium project in Serbia that will be used to fund its feasibility study. The Anglo-Australian miner has already invested $450 million into the project and is hoping to complete the study and...
Vale eyes mine expansions – Samarco restart
Brazilian iron ore miner Vale SA is sending a proposal this month to the board for further expansion at its Northern System mining complex, and the company expects to restart operations at its Samarco complex in December, executives said on Thursday. Speaking to...
Newmont tops profit estimates on gold price surge
Newmont said on Wednesday that higher gold prices helped generate significant free cash flow in the second quarter. The world’s largest gold miner’s adjusted net income for the June quarter was $261-million, or $0.32 per diluted share, compared with $92-million, or...
Rio Tinto set on building long-delayed Simandou
Rio Tinto is suddenly in a rush to develop the giant and controversial Simandou iron ore project in Guinea, as half-year earnings support an investment case for the steel-making material. Iron ore accounted, once again, for the lion’s share of the second-biggest...