Monthly archives: July, 2013

Development of Oyu Tolgoi underground mine delayed

Rio Tinto has been notified by the Government of Mongolia that the terms of the project financing provisionally secured for the underground development of Oyu Tolgoi will need to be approved by the Mongolian Parliament. The Mongolian Parliament is currently in summer recess and the parliamentary approval process may take some time to work through. …

Gender Diversity – Is Indian Real Estate Ready?

Gagan Singh, CEO – Business & Chairperson – Sri Lanka Operations, Jones Lang LaSalle India A close look at the Indian real estate industry and its various stakeholders reveals that this sector, which was once largely male-dominated, is slowly waking up to the imperative for greater gender diversity. It is not only International Property Consultancies …

Kashima Works Iron-making Area Center to Be Rebuilt

—Pilotis Construction Strong against Tsunami— On July 22, we started rebuilding the Iron-making Area Center (administration building) of Kashima Works. The Works sustained damage to part of the production and shipping facilities from the Great East Japan Earthquake. In order to ensure the safety and security of people working in and around the iron-making area …

Rio Tinto agrees sale of interest in Northparkes

Rio Tinto has reached a binding agreement for the sale of its 80 per cent interest in Northparkes to China Molybdenum Co., Ltd. (CMOC) for US$820 million. Rio Tinto chief financial officer Chris Lynch said “The sale of Northparkes represents great value for our shareholders and demonstrates our continued focus and discipline in the way …

Resumption of Israeli-Palestinian Direct Final Status Negotiations

Jen Psaki Spokesperson, Office of the Spokesperson Washington, DC July 28, 2013 Today, Secretary Kerry spoke with Palestinian Authority President Mahmoud Abbas and Israeli Prime Minister Netanyahu and personally extended an invitation to send senior negotiating teams to Washington to formally resume direct final status negotiations. Initial meetings are planned for the evening of Monday …

Near East: Situation in Egypt

Situation in Egypt John Kerry Secretary of State Washington, DC July 27, 2013 I spoke this morning with Interim Vice President Mohamed ElBaradei, Interim Foreign Minister Nabil Fahmy, and European Union High Representative Catherine Ashton and expressed our deep concern about the bloodshed and violence in Cairo and Alexandria over the past 24 hours that …