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Mining

Rio Tinto faces rising costs

Rio Tinto warned that costs at its iron ore mine would rise more than expected this year due to wage and part inflation. Anglo-Australian said unit costs for the Pilbara Mine in Australia, the place where the group makes most of its…

Glencore shutters nickel mine

Glencore has stopped its Koniambo Nickel project in New Caledonia after investing $4 billion since 2013 without making a profit. The FTSE-100 miner and commodities dealer said that it would cease operations on the South Pacific island…