Rio Tinto PLC News
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Graham Soko, a shopkeeper whose business straddles the railway line south of Lusaka station in Zambia’s capital, says he’s hoping to reap profits from the government’s plans to rejuvenate the dilapidated railway system.
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Madagascar President Andry Rajoelina registered as a candidate for elections scheduled for July, four months after saying he won’t run as part of an agreement to help restore political stability in the country.
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Mozambique’s central bank cut its growth forecast for this year to 7 percent because of floods that hit the southern and central provinces of the country in January and February, curbing output from mines.
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The U.S. Supreme Court ordered reconsideration of a ruling that would require Rio Tinto Plc to defend against a lawsuit accusing the mining company of contributing to genocide in Papua New Guinea.
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The wife of Madagascar’s former leader, Marc Ravalomanana, will run for president in elections scheduled for July 24, his party announced.
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Mozambique’s Cabinet approved the southern African nation’s petroleum law, which sets out timelines on reporting discoveries and stipulates that some revenue from fields must be allocated to communities.
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Vietnam’s state coal miner may make it onto a list of the world’s top mining companies by just one measure: its workforce. With almost 140,000 staff, it has more than BHP Billiton Ltd. and Rio Tinto Plc combined.
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Canada’s raw-materials stocks are forecast to extend their longest losing streak in more than 20 years, as companies such as Banro Corp. and Teck Resources Ltd. struggle with falling metals prices and concern China’s growth will slow.
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Anglo American Plc., the metals producer with mines from Chile to Zimbabwe, said it will cancel the A$540 million ($562 million) acquisition of a stake in the Revuboe coal project in Mozambique.
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Rio Tinto Plc and Vale SA should consider jointly developing a rail link to haul coal from Mozambique’s northwestern Tete province to the eastern port of Nacala, Mineral Resources Minister Esperanca Bias said.
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