Rio Tinto-Chinalco partnership fo rmining technology
Rio Tinto chief executive Sam Walsh and Chinalco president Sun Zhaoxue captured their intent in a Memorandum of Understanding (MoU) signed in Beijing.Under the MoU, the parties aim to draw on their respective strengths to expedite the development of new mining technology and further develop Rio Tintoâ€™s Mine of the Future programme.
Mining industry in doldrums, M&A deal volumes fall sharply
Days ago B2Gold (BTG, BTO.to) announced the friendly acquisition of Volta Resources (VTR.v) for $63 million. This will be B2's second acquisition in the last 12 months. In the first quarter of this year the company closed its acquisition of CGA Mining, which cost the company $1.1B.