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UPDATE 2-Rio Tinto moves to majority stake in Ivanhoe
Global miner Rio Tinto has raised its stake in Canada's Ivanhoe Mines, owner of Mongolia's massive Oyu Tolgoi copper-gold project, to a majority holding but said on Tuesday it had no current plans to buy more shares.
Rio, which has built its stak...
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Why UC Rusal Counts So Heavy In Russian-Guinean Relations?
In Guinea, Russia has more valuable commercial interests than in any other country on the African continent. The Russian beneficiary is United Company Rusal, one fifth of whose bauxite reserves are in Guinea. Rusal’s voyage in Guinea has started in 2002 w...
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New alert over Rio Tinto threat to Great Barrier Reef
RIO Tinto's $1.4 billion bauxite mine expansion on Cape York has become the latest flash point over the threats caused by increased shipping in the Great Barrier Reef due to the mining boom.
The federal government has been forced to reopen consid...
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No mining rush: Minister
The environment and forest minister, Mr Satru-charla Vijayaramaraju, said that government will not go ahead on the proposed bauxite-mining project in the Visakhapatnam Agency without considering the opinions of locals and environmentalists besides a prope...
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