Fortescue sets up new mining pact with Aboriginal group
Fortescue Metals Group (FMG.AX) has reached a deal with the Wintawari Guruma Aboriginal Corporation (WGAC) to oversee development of new mines at its Solomon Hub iron ore operations in Western Australia, the groups said in a statement.
Fortescue posts record profit, dividend but cuts management bonuses
Fortescue Metals Group Ltd (FMG.AX) reported its highest ever annual profit and dividend on Monday due to sky-high iron ore prices but senior management received a surprise cut to bonus payments.
Oyu Tolgoi review raises doubts over Rio Tinto stance on cost overruns
Turquoise Hill Resources (TRQ.TO) said an independent review of$1.4 billion in cost overruns at the Oyu Tolgoi mine in Mongolia suggested that the project’s troubles were not caused by the geology issues that mine operator Rio Tinto blamed in 2019.
Rio Tinto’s South African mineral sands project remains shut
JOHANNESBURG, July 12 (Reuters) – Rio Tinto (RIO.AX) on Monday said operations at its Richards Bay Minerals (RBM) project in South Africa, which had been hit by violent community unrest, would remain closed despite talks with government. Rio Tinto was last month forced to declare a force majeure on customer contracts at RBM due to what it […]
