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Rio and Hancock to front $2.4bn for Hope Downs 2

The Hope Downs joint venture (JV) is about to get stronger, with Rio Tinto and Hancock Prospecting to invest $US1.6 billion ($2.4 billion) in the development of the Hope Downs 2 iron ore project. Located in the Pilbara region of Western Australia, the Hope Downs 2...
Congo extends cobalt export ban by three months

Congo extends cobalt export ban by three months

The Democratic Republic of Congo has extended by three months a ban on exports of cobalt intended to curb oversupply of the electric vehicle battery material, a regulatory agency said on Saturday. The world’s top cobalt supplier imposed a four-month suspension...
Governments hold talks to secure Mount Isa’s future

Governments hold talks to secure Mount Isa’s future

The Federal and Queensland Governments are holding high-level discussions to find a long-term solution for Glencore’s Mount Isa copper smelter. Federal Industry, Innovation and Science Minister Tim Ayres and Queensland Resources and Mines Minister Dale Last met with...