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Iron Ore Company of Canada (often abbreviated to IOC) (French: Compagnie Minière IOC) is a Canadian-based producer of iron ore. The company was founded in 1949 from a partnership of Canadian and American firms, the largest being the M.A. Hanna Company. It is now owned by a consortium that includes the Mitsubishi and Rio Tinto corporations
Like the Agatha Christie novel And Then There Were None, iron ore miner Rio Tinto is similarly seeing interest in its Canadian iron ore assets die off one by one. The latest potential buyer, China ...
BHP Billiton (BHP) and Rio Tinto (RIO) gave up on plans to form the world's biggest iron-ore exporter, citing regulatory requirements. Regulators in Asia and Europe wanted the companies to ...
On 19 March 2010 Rio Tinto and its biggest shareholder, Chinalco, signed a memorandum of understanding to develop Rio Tinto's iron ore project in the Simandou mine in Simandou, Guinea. [ 35 ] [ 36 ] On 29 July 2010, Rio Tinto and Chinalco signed a binding agreement to establish this joint venture covering the development and operation of the ...
Global miner Rio Tinto said on Wednesday its iron ore shipments in 2023 would be in the same range as this year's forecast, and warned costs would be higher. It forecast unit cost of $21 to $22.5 ...
Iron ore mines in the Pilbara region. Rio Tinto's iron ore operations in the Pilbara began in 1966, [2] with the Mount Tom Price mine opening that year. Mount Tom Price was the company's first mine to open in the Pilbara. [8] The mine has an annual production capacity of 28 million tonnes of iron ore, sourced from open-pit operations.
Rio Tinto broke company records in one of its key products last year, shipping 247 million metric tons of iron ore while producing 253 million metric tons of the material, a new high for the company.
The Paraburdoo mine is an iron ore mine located in the Pilbara region of Western Australia, near Paraburdoo. [1] The mine is owned and operated by Rio Tinto Iron Ore, and is one of twelve iron ore mines the company operates in the Pilbara. [2] [3] In 2009, the combined Pilbara operations produced 202 million tonnes of iron ore, a 15% increase ...