Rio Tinto CEO loses $3.5M over destroyed indigenous sites
Follows the destruction in May of two 46,000-year-old rock shelters in Juukan George in Western Australia state.
St. Lawrence Seaway cargo shipments up 18%
Iron ore shipments grew 68% to meet higher demand from Japan and China for the key ingredient in steelmaking.
Rio Tinto Alcan closing Shawinigan smelter a year early
Closure will affect most of the smelter’s 425 workers.
Chinese trade plunges in June
Caused by weaker demand in major exports markets, export growth falls to 11.3%.
Chinese exports weak despite trade surplus
US and European economic issues and Chinese slowdown weigh on consumer demand.
ArcelorMittal investing $2.1B in iron ore mine
ArcelorMittal is investing $2.1 billion in the expansion of its Mont-Wright mining complex in Quebec, a move that it says will create 8,000 jobs during construction.