Rio Tinto opens new office in Mongolia
The office is to employ approximately 80 pe...
The Australian-British miner, Rio Tinto, has opened a new office in Mongolia’s capital city, Ulaanbaatar.
The office is to employ approximately 80 people by the end of 2018, and will focus on exploration, technology, and building local relationships.
“We are demonstrating the deepening of our commitment to Mongolia through the establishment of a new country office under new Mongolian leadership,” commented Jean-Sebastien Jacques, Chief Executive of Rio Tinto.
“Mongolia is one of Rio Tinto’s most strategically important markets and we are here to stay,” Jacques added.
The firm has appointed Munkhtushig Dul as Rio Tinto’s Country Director, which includes leading the new office.
Rio Tinto’s latest office is seperate the Oyu Tolgoi copper and gold mine, which the company operates but is co-owned by the Mongolian government, who have 34% shares, and Turquoise Hill Resources, with 66%.
However, the Country Director will work in coordination with the Oyu Tolgoi LLC team, led by Armando Torres, the Managing Director.
Since 2010, the firm has invested over US$7bn in Mongolia, which has been spent on salaries, supplier payments, and taxes and royalties.
Unmanned train to allow Vale to reopen iron ore plant
Brazilian miner Vale SA will be able to resume operations at its Timbopeba iron ore dry processing plant in up to two months thanks to the use of an unmanned train, the company said in a statement this week.
Vale - Timbopeba iro ore plant
With the train, Timbopeba will be able to operate at least at 80% of its capacity of 33,000 tonnes of iron ore “fines” per day, reports Reuters.
Vale was forced to shut down the plant in the Alegria mine complex recently after labor authorities in Minas Gerais state banned activities close to the Xingu dam due to concerns of a risk of collapse.
Vale said access by workers and vehicles continues to be suspended in the flood zone of the dam due to the ban even though it remains at emergency level 2, which means there no imminent risk of rupture.
But some workers are allowed entry under strict security precautions and they will get the unmanned train going once it has been tested, which would take between one and two months, the company said.
The unmanned train will travel automatically along 16 kilometers (10 miles) of track operated by a system that can control the speed and activate the brakes, Vale said.
Vale announces first ore at Voisey’s Bay mine extension
Vale has reached the milestone of first ore production at the Reid Brook deposit at the Voisey’s Bay mine expansion project in Northern Labrador, Canada - recognised as the safest mine in Canada.