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In October the Australian junior mining company Riversdale Mining Ltd directed by Hugh Callaghan a former executive of Rio Tinto Plc finalised the acquisition of four blocks for the exploration of coal and other ore in the Zambezi valley

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called Callaghan which was a silver mining company based out of Idaho and Arizona and based on the high prices Of gold in the 1980 s had come in and actually drilled out

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FORTESCUE BUYS % STAKE IN TAKEOVER TARGET ATLAS IRON Iron ore major Fortescue Metals has stepped into the $300M Mineral Res bid for Atlas Iron taking a % stake in the loss making junior WA iron ore miner

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Second potash miner for Republic of Congo

The company formed by Gonneau former Rio Tinto executive Hugh Callaghan and Anton Rosenberg initiated the project when the potash price was at $350/t The project s estimated cash cost per tonne is $120/t implying the mine will remain profitable at much lower than current potash prices

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Explore our database of the salaries of the nation s top chief executives featuring a full breakdown of the remuneration of ASX300 CEOs and the percentage change in their pay from the previous reporting period Data is ranked by $A conversion of total pay conversion rate is taken from annual

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