Rio closer to selling $6bn stake in Iron Ore of Canada

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 29 August 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Rio Tinto closer to selling $6bn stake in Iron Ore of Canada Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC. read » Baffinland submits environmental update for May River project to Nunavut authorities Document proposes replacing the road connecting the mine to a port with a railway, to reduce dust and sediment in the water. read » Indian miner sues Uruguay for $3.5 billion Zamin Ferrous alleges that the passing of a new mining law turned out to be a major change in the game rules in the South American country. read » Rio Tinto down despite $7.2bn cash return to investors Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts. read » Caterpillar says tariffs will wipe out up to $200M Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019. read » Environmentalists worried about prospecting in New Zealand's South Island The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island. read » 'I was cheated' – Tales from the collapse of a commodity giant A former Singapore civil servant recounts how he's lost almost $36,600 in the implosion of Noble Group Ltd. read » Vale's iron ore output will rise only if prices increase -CEO Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise. read » Planes and trains oust miners from top ranks of Canada benchmark Companies that make and move things are now a bigger part of Canada's stock market than those that dig them up. read » Russian ministries reject proposed windfall tax on metals and mining firms Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate. read » Brazil's Samarco mine unlikely to restart in 2019 -BHP There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses. read » BHP's costs crash diet is running out of steam: David Fickling Going on a crash diet seems great while you're shedding the pounds. The problem is sticking with it for the long term. read » Anglo Pacific buys iron ore royalty stake, seeks more deals Anglo Pacific shares were up 2.5 percent by 1053 GMT, while the wider sector had gained 1 percent. read » Canada to consider steel safeguard response to US tariffs Canada will consider a safeguard action on seven steel products to protect domestic producers from imports since the United States imposed tariffs in March. read » How Canada's mining sector impacts the economy Canada is one of the world's largest exporters of minerals and metals, supplying approximately 60 different mineral commodities to over 100 countries. read » Brazil steelmaker Usiminas resumes some operations after plant blast Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA will resume partial operations on Monday at its Ipatinga plant after an explosion injured 34 workers. read » L&M Coal Holdings wins $40m NZ high court action against Bathurst Resources LMCH successfully argued that further payment for West Coast coal assets that it sold to Buller in 2010 in a deferred settlement agreement was due because Buller had triggered agreed production levels. read » Soviet collapse echoes in China's Belt and Road Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers. read » Read more Iron Ore news on MINING.com » Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Iron Ore News Digest". You mayunsubscribe at any time. The information contained in “Iron Ore News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Iron Ore News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.