Engineering company Monadelphous has been awarded new construction and maintenance contracts in the resources and infrastructure sectors valued at more than $110 million. In the resources sector, the company won a contract for the provision of electrical and instrumentation construction services at Rio Tinto’s Parker Point Stockyard Sustaining Project near Dampier in Western Australia, with work expected to be completed…
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The board of Rio Tinto has appointed Simon Trott, currently Iron Ore chief executive, to succeed Jakob Stausholm as chief executive, effective August 25. Full story.
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Rio Tinto has awarded NRW Civil & Mining a contract for work at its Brockman Syncline 1 mine development within the Brockman Mine Hub in the Pilbara region of Western Australia. The contract, valued around A$167 million, is scheduled to commence immediately. Under the contract, NRW will be responsible for the construction of earthworks, roadworks and drainage associated with the…
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REMA TIP TOP has secured a significant conveyor maintenance contract with Rio Tinto, covering five key inland mine sites across the miner’s core iron ore network in Western Australia. “We’re proud to begin this partnership with Rio Tinto. It validates the hard work we’ve put into building capability across inland WA and represents a strong foundation for long-term collaboration,” said…
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Rio Tinto has agreed to pay $138.75 million to settle a lawsuit that accused the miner of defrauding investors by concealing problems with its underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, reported Reuters. The lawsuit sought damages on behalf of shareholders of Turquoise Hill Resources between July 2018 and July 2019, when it was majority-owned by Rio…
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Rio Tinto is investing C$7.6 million in an industrial demonstration project to assess the integration of technology that will allow the sorting of ore directly at the source based on titanium and scandium content at its Lac Tio mine located near Havre-Saint-Pierre, Canada. Full story.
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The board of directors for Oyu Tolgoi LLC has approved development work at the Mongolian copper mine to commence under an alternative plan, while engagement continues with Entrée Resources and the government on the transfer of licences to allow mining in a joint venture area.
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Rio Tinto and the Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation have signed a co-management agreement for the iron ore operations on PKKP Country. It formalises how the miner and Traditional Owners engage on proposals affecting heritage and social surroundings throughout the mine lifecycle. “The destruction of the Juukan Gorge rock shelters on the 24th of May 2020 brought…
Read MoreThe U.S. Supreme Court has declined to hear a Native American group’s case to block a land swap for the Resolution Copper project in Arizona, reported Reuters. The government is now free to start a process that would give Rio Tinto and BHP access to the land. Full story.
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After four years at the helm, Rio Tinto Chief Executive Jakob Stausholm will be stepping down later this year. The miner said “a rigorous selection process is already underway” to find his successor. Full story.
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