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Violent protests shut down key Rio Tinto mine in South Africa
Violent protests, often characterized by deadly shootings and barricades of burning tires, are making it harder for the world’s biggest mining companies to operate in South Africa. Rio Tinto Group shuttered its Richards Bay Minerals (RBM) unit on Wednesday and paused...
New Gruyere mine officially opens in Australia
Australia’s newest gold operation — the Gruyere mine located 200 kilometres northeast of Laverton — has officially opened and is safely ramping up to an average annual production of 300,000 ounces. The project is a 50:50 joint venture between Gold Road Resources and...
rebuffs $1.9 billioCentamin n takeover bid from Endeavour Mining
Egypt-focused gold miner Centamin has rejected the $1.9 billion (£1.5 billion) all-stock takeover bid from Canada’s Endeavour Mining released earlier on Tuesday, saying it did not offer enough value to the company’s shareholders. Centamin also said that the terms of...
US copper frenzy grows as Rio Tinto plans $1.5 billion Utah mine expansion
Rio Tinto Plc said on Tuesday it would spend $1.5 billion to expand its Kennecott copper mine in Utah, part of a growing trend by miners to invest in strategic mineral projects across the United States. The move more than doubles the mining industry’s recent...