Commodities
Rio Tinto iron ore investment
(Posted on 03/12/18)Rio Tinto is to develop its most technologically advanced mine following the full approval of a $2.6 billion1 (A$3.5 billion) investment in the Koodaideri iron ore mine in Western Australia.Koodaideri will deliver a new production hub for Rio Tinto’s world-class iron ore business in the Pilbara, incorporating a processing...
Australian woodchip exports soar
(Posted on 27/11/18)Assistant Minister for Agriculture and Water Resources, Senator Richard Colbeck, welcomed the continued growth in the forestry sector as outlined in the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) report.Minister Colbeck said the forestry sector was experiencing a strong surge in confidence and...
Rio Tinto agrees Rössing stake sale
(Posted on 27/11/18)Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited ("CNUC") for the sale of its entire 68.62 per cent stake in Rössing Uranium Limited ("Rössing"), owners of the Rössing mine in Namibia, for up to $106.5 million.The total consideration comprises an initial cash payment of...
New carbon capture report
(Posted on 15/11/18)The World Coal Association (WCA) has launched a new report calling for a step-change in international action to advance carbon capture, use and storage (CCUS) technologies.The World Coal Association is the only body acting internationally on behalf of coal, with a mission to demonstrate and gain acceptance for the fundamental role...
Importing grain for stock feed
(Posted on 15/11/18)With many parts of Australia in drought, the Department of Agriculture and Water Resources has been getting a significant number of enquiries about importing processed plant-based stock feed, whole grain and hay. Imported stock feed is a high biosecurity risk because it provides a direct pathway for the introduction and spread...
Rio Tinto completes lease and sale
(Posted on 15/11/18)Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million.LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS entered into an Option Agreement with Rio Tinto in 2014 for various options to lease or...
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