Australia delivered a full-year trade surplus of AUS$49.9 billion thanks to record high exports from the resources sector, which has been boosted by higher commodity prices during the last year. Iron ore was again Australia’s biggest single contributor to exports, delivering $77 billion in revenue over...
Rio Tinto and US-based Alcoa Corporation have unveiled a revolutionary new method of producing aluminium that eliminates all direct greenhouse gas emissions from the smelting process. The mining giant and industrial business are joined by technology giant Apple, who have agreed to provide technical support to...
Rio Tinto (ASX:RIO) hopes to finalise the sale of two aluminium smelters in Europe regardless of the recent sanctions imposed on Russian aluminium raw material supplier Rusal by the US. The Anglo-Australian mining giant announced a US$500 million deal to sell its Dunkerque smelter in France...
Glencore will not proceed with a share transaction involving Russian mining giant Rusal and its CEO Ivan Glasberg will step down from the board of Rusal in the face of escalating geopolitical tensions. Rusal is owned by Russian aluminium tycoon Oleg Deripaska, who is known to...
US President Donald Trump has revealed he will stick to the proposed hefty tariffs on steel and aluminium imports, despite the resignation of his top economic advisor Gary Cohn. It is believed that Cohn was staunchly opposed to the controversial legislation that will impose a 25%...
Rio Tinto (LSE:RIO) has received a US$345 million binding offer from Norway’s Norsk Hydro for its European aluminium assets, which include the ISAL Smelter in Iceland. Along with the 205,000 tonnes a year capacity smelter, Hydro also made offers for majority stakes in the mining giant’s...
China will loan Guinea US$20 billion over a 20-year period in exchange for concessions on bauxite, which the West African nation has in abundance, according to Mines Minister Abdoulaye Magassouba. The loan will guarantee the development of three projects in the town of Boffa; China Power...
Rio Tinto (ASX:RIO) has reported reduced iron ore shipments from the Pilbara region of Western Australia in its latest production report for the second quarter of 2017. The Anglo-Australian mining giant shipped 77.7 million tonnes of iron ore from the Pilbara, a 6% decrease on the...
Rio Tinto (ASX:RIO) is expected to begin an official sales process for its Hail Creek and Kestrel coking coal mines in Queensland, and has already attracted scores of potential buyers. A host of private equity and public companies are set to bid for the operations in...
Diversified metals miner Vedanta Resources (NSE:VEDL) has posted record annual production at its aluminium, power and Indian zinc and copper units for the year up to March 2017. Zinc and lead production across the group’s Indian units hit 907,000 tonnes, leaping up 40% in the fourth...