Articles Tagged "NYSE:RIO"

Why Commercial Coal Mining Won’t Solve India’s Energy Problems

As many investors have no doubt heard, there have been indications that the Indian government may break state behemoth Coal India's monopoly on the domestic coal market by allowing foreign miners to set up shop in India. However, some believe the move may not be the answer to India's energy woes.

India May Open Commercial Coal Mining to Foreign Companies

In a bid to tackle the India's coal supply shortage - which happens despite the country sitting on the world's fifth largest coal reserves - Prime Minister Narendra Modi is considering opening up commercial coal mining to foreign companies, according to Reuters. Companies like Rio Tinto (NYSE:RIO) would be allowed to operate in India if they set up units in the country.

Bacanora Minerals Looks to Expand Sonora Lithium Project, Mexico

Canada's Bacanora Minerals, is up 190 percent so far in 2014, and the company has plans to continue moving full steam ahead with the development of its Sonora lithium project. Bacanora announced on Tuesday that it would begin a "significant drilling and exploration program" to expand its resources at the Mexican project, already ranked among the largest bedrock resources in the world.

Rio Tinto Loses Legal Fight to extend Australian Coal Mine

Reuters reported today that Rio Tinto (ASX:RIO,NYSE:RIO) lost an appeal to the Australian Supreme Court to expand its Warkworth coal mine in New South Wales, Australia. Managing Director Chris Salisbury told Reuters that Rio Tinto will submit a revised plan for the mine that will include funding for woodland and employment programs and a 1,800 hectare National Park.