After first announcing its plans last December with the inking of a binding agreement, Rio Tinto has completed its A$825 million acquisition of the Rincon lithium project in Argentina from Rincon Mining. Officials for the global miner said it has received approval of the deal from Australia’s Foreign Investment Review Board (FIRB). Rio Tinto chief executive Jakob Stausholm said the takeover…
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Rio Tinto has ended the force majeure that it declared last June at Richards Bay Minerals (RBM) in South Africa following what it called “violent community unrest” in the area. The miner declared the force majeure on 30 June 2021 for all of its customer contracts when there was an “escalation in the security situation” the month after RBM’s general…
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Rio Tinto has taken interest in acquiring the remaining shares it does not already own of Turquoise Hill Resources and the Oyu Tolgoi copper operation in Mongolia in a $2.7 billion cash proposal. Read full article from The Asia Miner.
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Rio Tinto, Turquoise Hill Resources and the Mongolian government have reached an agreement that will move the Oyu Tolgoi project forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia. As part of the deal, Turquoise Hill will waive the $2.4 billion in debt owed to it by the Mongolian government. Commencement of underground…
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Wabtec and Rio Tinto have inked a deal to deliver four of the manufacturer’s battery-electric locomotives to the miner’s rail lines in the Pilbara region of Western Australia, pushing Rio toward its goal to halve its Scope 1 and Scope 2 carbon emissions by 2030. See full article from The Asia Miner.
Read MoreBacTech Environmental Corp. has hired David Tingey as chief operating officer. He will oversee operations development and management across the company, setting and driving strategic recommendations that support immediate shareholder interests in its Ponce Enriquez, Ecuador bioleaching project and its evolving South American growth strategy. The strategic addition of Tingey comes on the heels of the company announcing robust and…
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Rio Tinto announced it has paid $825 million to acquire the Rincon lithium project in Argentina from Sentient Equity Partners’ company Rincon Mining.
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Thousands of people blocked main roads and bridges across Serbia this past weekend to protest the government and a planned $2.4 billion Rio Tinto lithium mine.
Read MoreAustralian engineer Austin Engineering has signed a new five-year contract deal with miner Rio Tinto for products and services at the operator’s mines. Read full article from The Asia Miner.
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Engineering group Monadelphous has picked up more than A$110 million in new contracts and extensions from miners BHP and Rio Tinto for multiple scopes of work in Western Australia.
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