R/€ = 16.20 Change: -0.12
R/$ = 14.34 Change: -0.02
Au 1387.80 $/oz Change: 44.32
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Rio Tinto renews work on giant Guinea iron-ore deposit

By: Bloomberg     Updated 7 hours ago Rio Tinto Group is looking at new ways to develop the giant Simandou iron-ore deposit in Guinea that it almost sold last year, according to people familiar with the matter. Simandou is one of the world’s biggest untapped mineral deposits, but has a controversial past. For more than a decade, it... 

Rio Tinto cuts 2019 iron-ore guidance

By: Simone Liedtke     19th June 2019 Mining major Rio Tinto on Wednesday said that it was experiencing operational challenges at its iron-ore mines, particularly in the Greater Brockman hub in the Pilbara, resulting in another revision of its guidance for the year. The miner lowered its Pilbara shipment guidance to between... 

Vale to restore full Brucutu mine output after court ruling

By: Reuters     19th June 2019 Brazilian miner Vale said on Wednesday that it would fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam. In a corporate filing, Vale also reaffirmed its 2019... 

Modi intervenes to reopen closed Goa iron-ore mines

By: Ajoy K Das     18th June 2019 Indian Prime Minister Narendra Modi has stepped in to find a political and legislative solution for the 88 iron-ore mines that have been closed in the western coastal state of Goa since last year. Goa Chief Minister Pramod Sawant said in a statement that in the course of a meeting of the National... 

PFS supports new South Australia copper/gold mine

By: Creamer Media Reporter      18th June 2019 ASX-listed Havilah Resources on Tuesday published the prefeasibility study (PFS) for its Kalkaroo project, which indicates that a new openpit mine producing 30 000 t/y of copper and 72 000 oz/y of gold was feasible. The study was previously prepared for potential partner Wanbao Mining by... 

Vale says hopes to reach dam burst global settlements by year-end

By: Bloomberg     14th June 2019 Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020. Vale is scrambling to deal with the fallout from the disaster, which killed at least 246... 

Rio Tinto’s AutoHaul brings freight rail into 21st century

By: Esmarie Iannucci     14th June 2019 Mining major Rio Tinto on Friday officially rolled out its $940-million AutoHaul rail technology programme, marking the world’s first automated heavy-haul long distance rail network. Rio’s 2.4 km-long trains, running a network of 1 700 km of track, has now safely travelled more than 4.5-milion... 

Higher prices drive BCI earnings

By: Esmarie Iannucci     14th June 2019 Higher iron-ore prices and lower exchange rates have seen ASX-listed junior BCI Minerals update its earning expectations for its Iron Valley mine, in the Pilbara. BCI Minerals had previously estimated that earnings before interest, taxes, depreciation and amortization (Ebitda) from the mine would... 

Fortescue ventures into South Australian copper

By: Esmarie Iannucci     14th June 2019 Iron-ore major Fortescue Metals has struck farm-in and joint venture (JV) agreements with two ASX-listed juniors in South Australia, as it hunts for copper and gold in the region. Tasman Resources on Friday announced a farm-in and JV agreement over its Vulcan exploration licence, which adjoins... 

Defining the heavy-haul railway of the future

14th June 2019 Heavy-haul railways are under constant pressure to optimise operational efficiency, a factor that has led the sector to spearhead many new technologies. Michael Roney, special advisor to the International Heavy Haul Association (IHHA), explains in this article, originally published in the... 

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