Articles Tagged "Rio Tinto"

India One Step Closer to Allowing Commercial Coal Mining

The Indian government moved forward with a bill to open up commercial mining in the country when the Lok Sabha passed the Coal Mines (Special Provisions) Bill, 2014 on Thursday. The bill includes the Coal Mine Nationalisation Act, which will allow companies to mine coal in India "in any form either for own consumption, sale or for any other purpose."

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.

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.