Rio investors asked to push miner to leave Minerals Council of Australia

Shareholders of world’s second largest miner Rio Tinto (ASX, LON:RIO) are being recruited to demand the company quit Australia’s top mining lobby group. The Australasian Centre for Corporate Responsibility (ACCR) is looking to persuade about 100 investors to co-file a resolution at Rio Tinto’s upcoming annual general meeting, in which it will ask the group to leave[…]

These are top-10 global mining trends expected for 2018

To thrive in the mining industry’s historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.) In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably[…]

Rio Tinto autonomous trucks now hauling a quarter of Pilbara material

Mining giant Rio Tinto’s (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia’s Pilbara region last month, the company said. The figure corresponds to roughly 25% of both ore and waste material hauled last year across the company’s five sites in[…]

Union at Colombia's Cerrejon votes to strike after talks fail

BOGOTA, Jan 29 (Reuters) – The largest union at Colombia’s top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday. Cerrejon accounts for 37 percent of Colombia’s coal output, the world’s fifth-largest exporter of the mineral, and a strike is likely to[…]

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials. Still, the mood remains cautious and the focus has been on smaller deals after the damage inflicted by steep[…]

Agarwal plans to keep his Anglo American stake for a long time

(Bloomberg) — Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time. Agarwal surprised Anglo’s management last year when he took a 21 percent stake in the company, becoming its top shareholder.[…]

Union at Colombia's Cerrejon to hear wage offer before possible strike vote

BOGOTA, Jan 19 (Reuters) – The largest union at Cerrejon, Colombia’s top thermal coal mine, was set to meet with the company on Friday to hear a new salary and benefits offer before deciding whether to hold a vote on a possible strike. A work stoppage at the Cerrejon mine, which belongs in equal parts[…]

CHARTS: Big mining's surge in value shames tech giants

Big cap diversified miners are riding a wave of optimism as global growth prospects – especially in manufacturing – continues to strengthen.  Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015. The manufacturing index has now signalled expansion for a record 82 months[…]