Progress on Simandou mine will aid Guinea's president

2016 ◽  
Keyword(s):  
Ethnic Group ◽  
Presidential Elections ◽  
Iron Ore ◽  
Content Type ◽  
Rio Tinto ◽  
Public Corruption ◽  
Río Tinto

Subject Simandou corruption allegations. Significance In October 2016, Rio Tinto announced it would sell its 46.6% stake in the Simandou iron ore project to China's Chinalco for between 1.1-1.3 billion dollars, giving Chinalco control of some 87% of Simandou. Once fully operational, Guinea's Simandou mine should account for 7% of the world's annual iron ore output. Notwithstanding its promise, the Simandou mine has been hampered by persistent allegations of public corruption, which culminated in the arrest of Beny Steinmetz, head of BSG Resources and Israel's richest man, on December 19. Impacts Chinalco will move quickly to begin production at Simandou, which will entail a massive infrastructure campaign. New corruption revelations could undermine Conde's reputation as a reformer and prompt popular unrest. The Fulani ethnic group will mobilise ahead of the 2020 presidential elections and protest if Conde attempts to secure a third term.

Copper prices will edge higher due to labour disputes

2017 ◽  
Keyword(s):  
Solar Power ◽  
Fourth Quarter ◽  
Content Type ◽  
Bear Market ◽  
Supply Disruptions ◽  
Rio Tinto ◽  
The Government ◽  
Labour Disputes ◽  
Río Tinto ◽  
Capital Reserves

Subject The outlook for copper prices. Significance Having seen prices halve over five years, the copper market has stabilised since the fourth quarter of 2016. The long bear market forced the industry to cut exploration and capital reserves, and demand rebounded in 2016, growing by 1.8%. This year the market has started to tighten as there have been supply disruptions. Impacts Chile’s output could rise in coming years as the government will inject 975 million dollars to bolster state-owned Codelco’s growth. In six years, Rio Tinto and Chinalco found no copper in China and have stopped looking, so China will remain the world’s largest importer. Chile’s miners, reliant on costly coal and gas, are reviewing bids from wind and solar power producers, which may dramatically cut costs. To increase its stake in two Congolese mines, Glencore spent more than 500 million dollars to buy out Israeli financier Dan Gertler.

Rio Tinto enters lithium production in Argentina

2021 ◽  
Keyword(s):  
Content Type ◽  
Rio Tinto ◽  
Río Tinto

Headline ARGENTINA: Rio Tinto enters lithium production

Supply constraints boost long-term copper projections

2018 ◽  
Keyword(s):  
Copper Price ◽  
Content Type ◽  
Dollar Bill ◽  
Rio Tinto ◽  
Downward Pressure ◽  
Market Outlook ◽  
Near Term ◽  
Río Tinto ◽  
Weak Dollar

Subject Copper market outlook. Significance The combination of solid Chinese growth and the weak dollar drove the copper price 32% higher in 2017 and the metal has held on to its gains this year, oscillating around 7,000 dollars per tonne. Global consumption has been falling in recent months, and major customers have been paying lower premiums over benchmark prices to secure long-term contracts. This downward pressure on the price has been offset by supply concerns as the leading mines struggle to replace reserves. This leads miners towards lower grades, where they must process higher volumes of material, raising costs. Impacts Adding to near-term supply constraints, First Quantum will expand its Cobre Panama project by 15% but delay initial output to after 2018. Boosting supply, Peru is set to allow the Tia Maria project, recognising Southern Copper’s efforts to solve its legal dispute. Rio Tinto will negotiate a tax settlement with Mongolia after the company was hit with a 155-million-dollar bill for its Oyu Tolgoi mine.

RIO TINTO ALLOY 242.2

Alloy Digest ◽  
2020 ◽  
Vol 69 (4) ◽  
Keyword(s):  
Corrosion Resistance ◽  
Shear Strength ◽  
Physical Properties ◽  
Elevated Temperatures ◽  
High Strength ◽  
Casting Alloy ◽  
Permanent Mold ◽  
Rio Tinto ◽  
Permanent Mold Castings ◽  
Río Tinto

Abstract Rio Tinto Alloy 242.2 is a heat-treatable, aluminum-copper-magnesium-nickel casting alloy. It is available in the form of ingots to be remelted for the manufacture of sand and permanent mold castings. Alloy 242.0 is used extensively for applications requiring high strength and hardness at elevated temperatures. This datasheet provides information on composition, physical properties, elasticity, tensile properties, and shear strength as well as fatigue. It also includes information on corrosion resistance as well as casting, machining, and joining. Filing Code: Al-463. Producer or source: Rio Tinto Limited.

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