Rio Tinto has become the latest mining company to launch a large-scale iron ore replenishment drive in Western Australia, after it announced it would spend US$1.55 billion to maintain production capacity at two projects. The Anglo-Australian major and its joint venture partners Mitsui & Co and...
Vale has revealed plans to operate its Brucutu iron ore mine in Brazil with a fully autonomous fleet of vehicles next year, following a successful trial of driverless technology. The world’s largest iron ore miner conducted a US$62 million trial which involved the deployment of...
BHP has revealed it will pay out a record dividend after full-year underlying earnings jumped by 33% to US$8.9 billion in the 12 months through to June 2018. The world’s top mining company confirmed it will be raising its annual dividend by 42% in its full-year...
Rio Tinto and Vale have both posted rising iron ore shipments in their second quarter operating reports, reflecting a strong environment across the board for the sector. Anglo-Australian mining giant Rio said it enjoyed a ‘solid’ Q2, with iron ore shipments increasing by 14% year-on-year to...
BHP has approved plans to build a US$2.9 billion iron ore project in Western Australia’s Pilbara region, in a move which will add to a growing construction boom in the state. The South Flank iron ore project will replace a depleting mine in the region rather...
Gina Rinehart’s Redstone Corporation has reportedly purchased a significant stake in junior miner Atlas Iron, following in the footsteps of Andrew Forrest’s Fortescue Metals Group (FMG), which made a similar move last week. Redstone, a subsidiary of Rinehart's unlisted firm Hancock Prospecting, has taken a stake...
Fortescue Metals Group (FMG) has bought a 15% stake in Atlas Iron, along with a cash settled swap of 4.9%, taking its overall interest in the Australian iron ore junior to 19.9%. This aggregate physical and economic interest is enough to block a takeover of Atlas...
Fortescue Metals Group has confirmed it will build a new large-scale iron ore mine in the Pilbara region of Western Australia, as part of its plans to increase the average grade of its iron ore output. The Australian mining giant will spend US$1.27 billion on the...
Rio Tinto’s driverless truck fleet in Australia have reached a significant milestone by hauling their one-billionth tonne of material, 10 years after commencing trial operations for the autonomous system. The mining giant first fitted haul trucks with Autonomous Haulage System (AHS) technology in 2008, and now...
Rio Tinto (ASX:RIO) has confirmed it will expand its fleet of autonomous trucks operating in the iron ore-rich Pilbara region of Western Australia, as part of a US$5 billion productivity drive. The mining giant signed deals with mining equipment suppliers Caterpillar and Komatsu, who will retrofit...