Rio Tinto has inked a joint venture agreement to progress development of one of the world’s largest undeveloped copper deposits, the La Granja copper project in Peru. Under the proposed transaction, First Quantum will acquire a 55% stake in the project for $105 million. It will also further invest up to $546 million into the JV for capital and operational…
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Audit finds shortcomings in Rio Tinto cultural heritage management
Rio Tinto has published an independent report based on a global audit of its cultural heritage management compliance and performance – one of a number of steps it is taking to continue to find better ways to manage and protect heritage. Full story.
Read MoreOyu Tolgoi owners mark start of underground production
Rio Tinto and the Mongolian government – both owners of the massive Oyu Tolgoi copper-gold mine in the South Gobi region of Mongolia – have officially commemorated the start of underground production from the operation. Full story.
Read MoreRadioactive density gauge component missing in WA: report
Emergency crews are on the hunt for a pea-sized radioactive capsule along a 870-mile/1,400-kilometre route in Western Australia after the tiny device went missing while being transported from Rio Tinto’s Gudai-Darri mine in the Kimberley region. Full story.
Read MoreRio Tinto told to keep Oyu Tolgoi within budget
Mongolia has asked its partner Rio Tinto to stay within an estimated $7.06 billion budget for the Oyu Tolgoi copper and gold mine’s underground expansion, reported Reuters. Full story.
Read MoreRio Tinto testing renewable diesel at U.S. ops
Another decarbonization step is being taken, this time by Rio Tinto at its United States operations: the operator is planning to swap out its conventional diesel fuel for renewable fuel across its haul truck fleet. Full story.
Read MoreArizona Sonoran plans for the new year
Arizona Sonoran Copper Company has announced its 2023 work plan for the Cactus Property, inclusive of the Cactus and Parks/Salyer projects near Casa Grande, Ariz. Full Story.
Read MoreCivmec scores A$330 million Rio Tinto contract
Civmec has secured a major contract worth more than A$330 million for the Rio Tinto Western Range iron ore project in the Pilbara region of Western Australia. Read more.
Read MoreSimandou infrastructure plan moves forward
Rio Tinto’s Guinea subsidiary and joint venture partners have agreed to terms on developing infrastructure for the Simandou iron ore project, reported Reuters.
Read MoreEuromines welcomes new members
Euromines has welcomed five new members after their official approvals by the groups Extraordinary General Assembly. The additions include two international mining companies, Anglo American and Rio Tinto; two exploration companies, Kingsrose Mining and Savannah Resources; and the French national association A3M, which focuses on the extraction, production, processing and recycling of industrial metals and minerals. “These members will bring…
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