Tag: Richards Bay Minerals’
RBM agreements South Africa
Rio Tinto and BHP Billiton’s South African joint venture, Richards Bay Minerals (RBM), has announced that agreements with a Broad-Based Black Economic Empowerment (BBBEE) Consortium have been signed, in which 24% of RBM will be transferred to a group comprising local communities and investors with a further 2% to be transferred to a trust for the benefit of RBM employees.
BHP plans new plant
BHP Billiton Ltd. and Rio Tinto Group's Richards Bay Minerals' titanium venture plans to spend USD 257 million on an ore retreatment plant and a power unit. The power plant will generate 40MW.
