Rio Tinto inaugurates A21 diamond pipe at Diavik Diamond Mine in Canada

(adsbygoogle = window.adsbygoogle || []).push({}); Global mining company Rio Tinto has officially opened a new diamond pipe named A21, built with an investment of $350 million, at the Diavik Diamond Mine in Canada. A21 is now the fourth diamond pipe at the Diavik Diamond Mine which is located is located on a 20 km2 island at the Lac de More...

by Soujanya Ravi | Published 10 months ago
By businessnewstoday On Sunday, August 26th, 2018

Tahoe Resources cuts 200 more jobs at Escobal silver mine in Guatemala

Tahoe Resources, a US-based precious metals producer, said that it has dismissed nearly 200 employees at its troubled Escobal silver mine in Guatemala where mining operations had been suspended for more than a year. The More...

By businessnewstoday On Sunday, July 1st, 2018

Tata Steel, thyssenkrupp sign deal to form European steel joint venture

Indian steel company Tata Steel and German multinational conglomerate thyssenkrupp have signed agreements to merge their European steel businesses – Tata Steel Europe and thyssenkrupp Steel Europe, respectively More...

By businessnewstoday On Wednesday, June 20th, 2018

BHP to divest Cerro Colorado copper mine in Chile to EMR Capital

Mining industry news : BHP , an Australia-based global resources company will sell its Cerro Colorado copper mine in Chile to EMR Capital, a Hong Kong-based specialist resources private equity manager to potentially More...

By businessnewstoday On Sunday, June 17th, 2018

BHP and partners to proceed with South Flank iron ore project in Australia

Mining industry news : Australian mining company BHP is all set to move ahead with the development of the South Flank iron ore project in the central Pilbara region in Western Australia after its board approved More...

By businessnewstoday On Saturday, April 7th, 2018

SoftBank to invest $77m in Canadian lithium mining company Nemaska Lithium

Mining industry news : Japan’s SoftBank Group has agreed to acquire a stake of up to 9.9% in Nemaska Lithium, a Canadian lithium mining company for C$ 99.1 million ($77.7 million). Through the investment in the More...

By businessnewstoday On Sunday, April 1st, 2018

Rio Tinto to exit coal mining business with sale of Kestrel coal mine for $2.25bn

Mining industry news : Rio Tinto is all set to exit from coal mining business by selling its 80% stake in the Kestrel coal mine in Queensland to a consortium of EMR Capital and Indonesian coal producer Adaro Energy, More...

By businessnewstoday On Thursday, March 22nd, 2018

Rio Tinto to sell Queensland coal mine stakes to Glencore for $1.7bn

Mining industry news : Australian-British mining giant Rio Tinto has made a $1.7 billion deal to exit from two Queensland coal mines – the Hail Creek coal mine and the Valeria coal mine in Australia by selling More...

By businessnewstoday On Saturday, February 17th, 2018

Mitsui to buy additional stake in Collahuasi Copper Mine in Chile

Japanese conglomerate Mitsui has agreed to buy an additional stake of 3.60% in the Collahuasi Copper Mine in Chile from JX Nippon Mining & Metals for an undisclosed price. The transaction will increase the overall More...

By businessnewstoday On Sunday, February 11th, 2018

De Beers’ Namdeb JV to sell Elizabeth Bay diamond mine in Namibia

Mining industry news : De Beers Group’s 50/50 joint venture with the Namibian government – Namdeb has put up its Elizabeth Bay diamond mine for sale. De Beers Group says that it is pursuing the sale of the Namibian More...