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Home » Topics » Rio Tinto

Environmentalists outraged as Rio Tinto mine gets go-ahead

Rio Tinto iron ore chief Sam Walsh said a deal with Guinesa's government cleared the way for a $10 billion venture

Australia on Wednesday gave Rio Tinto the go-ahead for a controversial Aus$1.3 billion (US$1.3 billion) bauxite mine project in a decision environmentalists blasted as “vandalism on a grand scale”. After more than a year of delays, Environment Minister Tony Burke approved Rio Tinto Alcan’s South of Embley bauxite mine and…

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Unprecedented demand for Rio’s rare pink diamonds

file photo shows a woman looking at a 12.04 carat Martian Pink Diamond (front) on display during a Christie's spring auction preview in Hong Kong. Photo via AFP.

Global miner Rio Tinto said on Monday there was unprecedented demand for its rare pink and blue diamonds at its annual sale, with India and Japan among the keen buyers. The 2012 Argyle Pink Diamonds Tender, seen as the world’s most exclusive diamond sale, featured 56 single pink diamonds, including…

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Australian firm plans network of driverless freight trains

Rio Tinto iron ore train AFP

SYDNEY — Miner Rio Tinto will use driverless trains to deliver its iron ore to ports in Western Australia in what it said will be the world’s first automated, long-distance, heavy-haul rail network. Rio said a US$518 million investment would see the launch of the first driverless train in the…

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