Компаниуд
CEO Sam Walsh announces Rio Tinto will cut costs
Rio Tinto CEO Sam Walsh announced that the company will seek to cut costs as demand for industrial commodities has dropped. The announcement comes as growth in China has slowed more than expected, declining to 7.7% from 7.9% the previous quarter.
Power problem could delay OT progress
OyuTolgoi looms as one of Rio Tinto’s most exciting growth projects on the back of the company’s recent takeover of the project’s majority owner Ivanhoe Mines, but difficulties in delivering power to the mine’s remote location are continuing to fester, with Ivanhoe confirming that a deal to import power from China had still not been reached.
Centerra Gold violated laws, NGOs tell Canadian Govt
A consortium of Canadian and Mongolian organisations has filed a complaint with the Canadian government over apparent violations of Mongolian law and international corporate responsibility guidelines by Centerra Gold Inc. in its Mongolian operations.
Chalco to buy up to 60% of SouthGobiin $926- million deal
Chinese aluminium giant Chalcohas agreed to pay $926 million for a controlling stake in SouthGobi Resources in a deal with Robert Friedland’s Ivanhoe Resources.Ivanhoe said a sell-down would free up capital that could be invested in the OyuTolgoi mine.Under the deal, state-owned Chalco plans to buy up to a 60 percent stake in SouthGobi for C$8.48 per share.
