Page 44 - Peter Oconnor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff (Adds South 32 comment) MELBOURNE Feb 5 (Reuters) - An Australian planning body on Friday blocked global miner South32 Ltd’s planned coal mine extension in New South Wales state, citing concerns over its potential irreversible impact to Sydney’s water resources. The decision by the New South Wales Independent Planning Commission halts South32’s plans to extend the life of its underground Dendrobium metallurgical coal mine to 2048. In its ruling, the commission found “the risks of adverse impacts on the environment are high, and that those impacts are not appropriately...

Rio Tinto board could face pressure on Indigenous broken promise claim FILE PHOTO: FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia MELBOURNE (Reuters) – Rio Tinto chairman Simon Thompson is set to face further pressure over the board’s handling of the destruction of sacred rock shelters in Australia after an Indigenous group accused him of breaking a personal promise, analysts said. The traditional owners of the rock shelters said Thompson had told them Rio’s acting head of iron ore, Ivan Vella, who had led reconcili...

Chairman Andrew Forrest let the cat out of the bag on the miner’s profits, forcing the company into an update that has raised hopes of a whopper full-year dividend if iron ore prices stay high.

Rio Tinto’s biggest profit in nine years could be just the start, with the miner signalling it could capitalise on stratospheric iron ore prices by shipping record volumes of the steelmaking commodity this year. Australia’s biggest iron ore miner is on track to post a full year underlying profit of close to $US12 billion next ...

Valhalla, N.Y.: There are plenty of people and institutions to be held to account for the horrible, un-American, unpatriotic, deplorable acts that we witnessed in the Capitol.