Copper Mines

Rio Tinto may halt work at mine in protest at Mongolian demands

Rio Tinto's mine will be worth a third of Mongolian GDP. Photo: AFP

Rio Tinto Group, based in London and the second-biggest mining company in the world, is discussing the suspension of building to protest at Mongolia's demands for a bigger stake in the project and new mining royalty rates, the sources said.

Friday, 1 February, 2013, 5:23am

Chinalco Mining tumbles 6.3pc on trading debut

Retail investors may have overlooked the fact that copper mining in South America was much more profitable than steel smelting in China, resulting Chinalco Mining's sharp price fall. Photo: Bloomberg

The sharp price fall might have been caused by retail investors, who tended to have a short investment horizon and were not familiar with the company's operations and outlook, analysts said.

1 Feb 2013 - 8:24am

Chinalco Mining plans to raise US$400m in Hong Kong

Chairman Xiong Weiping unveils the offering. Photo: Jonathan Wong

Chinalco Mining Corporation International, an overseas unit of aluminium major Chinalco, aims to raise US$400 million to fund the construction of its copper mine in Peru.

Chinalco is the parent of Hong Kong and Shanghai-listed Aluminum Corp of China. It also controls mainland miner and smelter Yunnan Copper Group as well as rare earth and coal mining assets.

18 Jan 2013 - 5:27am