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New Chinese Deals for Rio Tinto

Rio Tinto is all set to embark on a new Chinese joint venture and expand an existing one in place with Sinosteel. The Sinosteel deal involves extending the existing Channar iron ore joint venture in Australia. The expansion will help produce an extra 50 million tonnes of iron ore.

6 Dec 2010

Discovery of Ancient Mine in Chile

Archaeologists in Chile say they have discovered the oldest mine in the Americas, an iron oxide mine in northern Chile dating back to 12,000 years.

6 Dec 2010

Rio Tinto Looks to Acquire Riversdale Mining

Rio Tinto is about to make a bid for Riversdale Mining at $15 per share. This would be a $3.5 billion takeover bid made by the British company. There is a likelihood of the move attracting a counter bid from the Brazilian mining giant Vale.

From Vale 6 Dec 2010

Rio Tinto CEO Warns Australian Government on Mining Tax Changes

Mining giant Rio Tinto said that the Australian government should not make changes to the mining tax as the resources sector will remain vulnerable to political attention especially since commodity prices remain high.

From Rio Tinto plc 5 Dec 2010

Mauritania Issues New Mining Permits

Mining is getting a solid boost in Mauritania with the government handing out a license for a new phosphate mine.

5 Dec 2010

Nevado Resources Reports Additional Assay Results from La Blache Property, Quebec

NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) has announce additional Iron, Titanium and Vanadium assay results from the recently discovered massive magnetite-ilmenite E. Girard Occurrence found during the summer-fall 2010 exploration program on the Company's wholly-owned 646 claims / 355 km2 La Blache Iron-Titanium-Vanadium Property.

4 Dec 2010