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...
Ghana has inked a US$10 billion memorandum of understanding (MoU) with China to develop its bauxite industry. Senior Minister Yaw Osafo-Maafo announced the West African nation’s new partnership with China, which will contribute towards the construction of a railway link between bauxite mines and production sites,...
Rio Tinto (LSE:RIO) has awarded contracts worth US$90 million for key projects in Western Australia and Queensland to a Western Australian firm. Construction and engineering firm Decmil won the contracts for mine infrastructure at Rio’s Nammuldi and Silvergrass iron ore mines in the Pilbara and the...