Topic: Materials Sector
Rio 'in talks' with Chinalco over huge Africa field
AFP Global Edition
Rio Tinto is in talks with China's Chinalco on a massive mining project in Guinea, reports said Tuesday, raising hopes of a rapprochement that could unlock one of the world's biggest iron ore fields. The mining giant is in "advanced" discussions with its former Chinese suitor, the Wall ...
Rio, Chinalco in talks on 12 bln dlr Guinea mine: report
AFP Asian Edition
Anglo-Australian miner Rio Tinto is in talks with China's Chinalco on jointly developing the Simandou iron-ore field in the West African nation of Guinea, the Sydney Morning Herald reported Tuesday. Negotiations on developing the 12 billion US dollar (8.75 billion euro) mine had been taking place in Beijing ...
POSCO breaks ground for steel plant in India
AFP South Asian Edition
South Korea's largest steelmaker POSCO said it broke ground Monday on a plant in western India that will produce galvanised steel sheets for automobiles and electronic goods. The world's fourth largest steelmaker said it would spend about 240 million dollars to build the plant with an annual capacity ...
Australia urges China to keep out of iron ore talks
AFP Global Edition
Australia on Monday urged China stay out of difficult iron ore price negotiations with global mining giants after steel mills lobbied Beijing to intervene. Trade Minister Simon Crean gave assurances Australia would also keep away from the fraught process in which steelmakers aim to strike annual contracts with Anglo-Australian firms ...
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