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Fri,27Apr2018

Rio Tinto

Mining: Rio Tinto says still lacks funding for huge Guinean iron ore project

Rio Tinto CEO Jean-Sebastien Jacques. Photo©Via Rio TintoRio Tinto's CEO said on Wednesday there was no progress for now on finding infrastructure financing for the massive Simandou iron ore project in Guinea even after more than 200 meetings with possible backers.

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Mining: Rio Tinto submits feasibility study for Guinea's giant iron ore deposit

Photo©ReutersAnglo-Australian mining giant Rio Tinto has submitted feasibility studies to the Guinean government for its massive Simandou project, considered the world's biggest untapped iron ore deposit.

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Mining: Rio Tinto submits feasibility study for Simandou project in Guinea

Simandou site. Photo©Rio TintoAnglo-Australian mining giant Rio Tinto said on Monday it had submitted feasibility studies to the Guinea government for its massive Simandou iron ore project, considered the world's biggest untapped iron ore deposit.

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Mining: Attractiveness is more important than short-term fluctuations

Alan Davies Chief executive for diamonds and minerals, rio TintoRio Tinto's chief executive for diamonds and minerals, Alan Davies, explains how he sees the company's future in Africa.

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Mining: End of the supercycle

Photo©Charles O’rear/COrbisMany commodity prices have dropped since 2014 and companies are scrambling to deal with the aftermath and plot a path to long-term growth in African mining projects.

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Guinea Country Profile 2015: Ebola casts a long shadow

altThe 2014 Ebola epidemic started in Guinea and is the single most important factor in the country's political and economic future.

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Mining: Rio Tinto exits Zimbabwe

Rio Tinto, one of the biggest mining conglomerates in the world has exited Zimbabwe after disposing of its diamond and coal mining assets.

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Guinea's Latest Dictatorship

President of Guinea, Alpha Condé. Photo©ReutersIf ever there was a time for the World Economic Forum on Africa (WEF) to show leadership, it is now.

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Bleak outlook for West Africa's iron ore dreams

A 60 percent slump in iron ore prices over the past year, amid a slowdown in Chinese consumption, has brought a bonanza that had been expected to last 60 years to a screeching halt.

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Mining: Zimbabwe says to merge all diamond mines under one company

Photo©ReutersZimbabwe is planning to merge all diamond mining companies, including the local unit of Rio Tinto, into one big firm in which the state will own half of the shares, the minister of mines said on Thursday.

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A new mining landscape

Coal prices are down, but companies like Vale take a longer term, cyclical view©Marcelo coelho/valeThe rise and rise of global commodity prices is over, but it's not all gloom and doom in the mining sector. What we can expect in the coming year is a geographical shift in both the African countries offering the best investment environment and the global players looking to profit.

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Guinea's Simandou iron ore trove: huge potential for the hugely patient

Photo©Rio TintoIn a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest. Buried under its green slopes lies some of the planet's finest iron ore, a treasure long coveted by the world's mining giants.

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Simandou is our flagship in Africa - Rio Tinto

Alan Davies, Rio Tinto's chief executive in charge of diamonds and minerals. Photo©Rio TintoOn 26 May, mining giant Rio Tinto's chief executive in charge of diamonds and minerals was in Conakry with the Aluminium Corporation of China and the International Finance Corporation to sign the Simandou iron-ore project's investment framework. In an interview with sister publication Jeune Afrique, Alan Davies talked about the challenges the company has faced in order to carry out the continent's largest iron-ore project.

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Rio Tinto set to sell ill-fated Mozambique coal venture

Photo©ReutersRio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector.

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Guinea mine scandal: Frenchman jailed in the US

A former adviser to mining giant BSG Resources was sentenced in New York federal court on Friday to two years in prison for obstructing a criminal probe in connection with a bribery investigation in Guinea.

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Guinea hopes for first iron ore from Simandou in 2018

Photo©ReutersGuinea said on Wednesday it hopes a new deal signed with Rio Tinto and Chinalco will allow the giant Simandou iron ore mine to start production in 2018 after it set the conditions for $20 billion of investment.

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Guinea signs framework deal with Rio, Chinalco for $20 bn project

The project requires the construction of a 650-km railway. Photo©ReutersGuinea signed a deal with Rio Tinto, Chinalco and the International Finance Corporation on Monday, setting out conditions for massive infrastructure investment to revive the giant $20 billion Simandou iron ore project.

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Projects and prospects in the pipeline for 2014

Companies are lining up their investment and acquisition programmes for 2014. Firms from Africa and abroad are aiming to expand their activities in high growth sectors.

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Mozambique must add up to 100 MW power capacity a year -official

Mozambique must add up to 100 megawatts of electricity generation capacity a year to keep up with the power demands of its fast-growing economy, a senior energy official said on Tuesday.

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Row over vast iron deposit looms over Guinea's bid to woo Gulf investors

A bitter row with Israeli billionaire Beny Steinmetz over an iron ore licence risks complicating Guinea's efforts to persuade deep-pocketed Gulf investors to commit the cash needed to get the country's economy moving.

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