Arizona’s Copper Mining Challenges
Copper is a major source of revenue for Arizona, and a step forward in land rights legislation should further the state’s dominance in the red metal market.
Articles Tagged "rio"
Rio Tinto's Mixed Output Half Year
Rio Tinto, currently in the news because of Chinese government claims of bribery of steel industry executives by some of its executives there, is looking at a lower half year profit, judging by the June quarter and first half output review released yesterday. For full story, click here
Rio Tinto has lead a rise in Asia, Europe Stocks
Asian shares ended mostly higher on Friday, led by a rally in Australian mining stocks after Rio Tinto declared a capital raising and a joint venture with BHP Billiton. For full story, click here
Collapse of Rio-Chinalco deal will boost copper tags
China will surging be forced to turn to the spot market to satisfy its appetite for copper following the failure of a controversial investment deal with Rio Tinto Plc, potentially boosting prices of the red metal. For full story, click here
Rio Tinto has forecasted downside copper risk, costs slipped
Miner Rio Tinto has forecasted a risk that a strong rally in copper prices may reverse over the next six to nine months. For full story, click here
Escondida copper output slumps on low grades
Contained copper production at Chile’s Escondida mine, the world’s largest, slumped 45 percent in the first quarter from a year ago to 156,400 tonnes, part owner Rio Tinto Ltd/Plc reported on Wednesday. For full story, click here
Metal prices unlikely to rebound in 2009
Rio Tinto reported that metals prices are unlikely to rebound during 2009 on account of a large stock and production capacity overhang despite an expected improvement in demand over the course of the year. For instance, London Metal Exchange copper prices more than halved, and have since been trading below US$4,000 a metric ton. The [...]
Kennecott Eagle mine project on hold by Rio
Rio Tinto Group puts proposed copper and nickel mine, Kennecott Eagle mine project, on hold due to bad economy. For more information, click here
Rio and BHP battle over world’s biggest copper mine
Rio Tinto, the embattled FTSE 100 mining giant, rebuffed a “low ball” offer from rival BHP Billiton for its stake in the world’s biggest copper mine last month. For full story, click here
