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The Big Mining Company, Rio sees ops robust to weather crisis
Global miner and takeover target Rio Tinto sees most of its projects in a strong position to weather any economic scenario, with its new ilmenite project on track to produce in 2008, it said on Sunday.
Chief Executive Tom Albanese said the $1 billion ilmenite project in Madagascar was a good example of a project [...]
Tiomin Halts the Development of the Kwale Mineral Sands Project, Kenya
Tiomin Resources Inc. reports that the development of the Kwale mineral sands project (the “Project”) is halted, with the Company remaining in Force Majeure with the Government of Kenya. Delays and rising costs have caused the Project’s lenders to withdraw the US$155 million debt facility that was in place for the Project.
Tiomin anticipates completing the [...]
