Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

Former Xstrata chief executive Mick Davis, the current leader of Britain’s ruling Conservative Party, is said to be the frontrunner to become Rio Tinto’s new chairman. People familiar with the matter told Sky News the South African-born businessman has held talks with Rio over the position held until the end of the year by retiring chairman Jan[…]

Australia notified China of Adani coal mine approvals in letter

SYDNEY, Oct 26 (Reuters) – Australian politicians told China of government approvals for a controversial A$16.5-billion ($13-billion) coal mine project being built by Indian conglomerate Adani Enterprises, a panel of senators heard on Thursday. Thousands of people turned out across Australia this month to protest against the project in northeastern Queensland state, which Adani has[…]

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Rio Tinto (ASX, LON:RIO), the world No.2 iron ore miner, is closer than ever to having a network of driverless trains in Western Australia as it has completed its first long-haul journey with a completely autonomous locomotive. The milestone trip, spanning nearly 100 km (60 miles) with trains operated by individuals in an air-conditioned control room[…]

Iron ore nears $80 a tonne

Iron ore prices held steady above $79 per tonne on Tuesday on the back of a strengthening billet market a day earlier, when Chinese steelmakers began stoking production ahead of mandated cuts going into winter. Iron ore is trading higher now than at the beginning of the year. Ore with 62% content in Qingdao traded at $79.65 per[…]