International news within the industry of mining and metal, Jan, 18 2019
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Canadian miner accepts Venezuelan $1.28BN deal

Photo: Rusoro Mining
Photo: Rusoro Mining
Published by
Jaroslaw Adamowski - 18 Oct 2018

Agreement on project Canada’s Rusoro Mining has agreed a US$1.28 billion deal with the Venezuelan government which is to pay for the seizure of the firm’s gold projects.

"We are very pleased that we have agreed on terms of a settlement with Venezuela," Vladimir Agapov, the chairman of Rusoro, said in a statement. "We look forward to the execution of the Settlement Agreement and towards our continued relationship with Venezuela in assessing two of Rusoro's former gold projects regarding a potential partnership to restart production of the Choco 10 and San Rafael - El Placer mines."

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...