Tag: rail line

Mining & Resources

Transport issues kill Rio’s Mozambique dream

Rio Tinto has fessed up, acknowledging for the first time yesterday it is selling its Mozambican coal assets for the bargain-basement price of $50m. Rio’s planned exit from Mozambique was first flagged by Inside Coal in December so the only real surprise was the price. As one industry observer remarked: “$50m is less than salvage…

6 Aug 2014, by test test

Mining & Resources

Galilee Basin development to commence shortly

The Galilee Basin, one of Queensland's most promising yet untapped mining regions, is set to soon see development due to government initiatives to open up the area. On June 16, the Queensland government officially announced the Galilee Basin State Development Area (SDA), a step that will introduce almost 30,000 jobs in the state. As one of…

20 Jun 2014, by test test