ARTICLES RELATING TO RIO TINTO

Glencore fulfills pledge with $1bn buyback

52 minutes ago

Commodities group, Glencore, has become the first of the large miners to honour promises to return cash to shareholder.

Rio Tinto sells Mozambique coal assets

2014-07-30 10:15

Global miner Rio Tinto has agreed to sell its coal assets in Mozambique to a joint venture of Indian companies for $50m.

Mining giants warn of job cuts in Australia

2014-05-26 13:22

Mining heavyweights BHP Billiton and Rio Tinto have warned that they could shut operations and slash jobs over Australia's high taxes and costs, a report says.

NUM members march over Rio Tinto miners

2014-02-06 16:34

About 200 NUM members have marched to the Mining Indaba in Cape Town to protest against the alleged ill-treatment of Rio Tinto miners in other countries.

Rio Tinto boosts output forecasts

2013-10-15 10:09

Global miner Rio Tinto has lifted its forecast copper output for 2013 after a better-than-expected recovery at its landside-hit US Kennecott mine.

'Australia's mining boom not yet over'

2013-08-26 13:00

Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over.

Small miners face major headache

2013-07-22 09:35

Opportunities to develop small iron mines are fast disappearing, as cash dries up and miners are unable to compete with the sector's heavyweights.

Rio Tinto suspends Moz coal exports

2013-06-26 08:56

Rio Tinto has suspended coal exports from Mozambique after the opposition party threatened to paralyse the only railway line out of the country's vast coalfields.

Miners 'neglect displaced Mozambicans'

2013-05-23 10:09

Human Rights Watch has accused Mozambique's government and foreign mining firms of "serious shortcomings" in resettling communities to make way for coal mines.

Mine strife a test for private equity

2013-04-29 20:12

With the world's largest miners flocking to sell assets, private equity funds may finally be tempted into a sector long seen as potentially lucrative but risky.

Rio Tinto mine to slash over 250 jobs

2013-03-01 19:34

The Roessing uranium mine in Namibia, a unit of mining giant Rio Tinto, says it plans to cut 17% of its workforce due to slowing demand for nuclear fuel.

Water scarcity threatens mines' ratings

2013-02-14 16:57

The ratings of global mining companies could plunge as competition for limited water resources between mines and people intensifies, says a ratings agency.

Rio Tinto posts mammoth loss

2013-02-14 09:30

Mining titan Rio Tinto has posted a $2.99bn annual net loss after $14.4bn in writedowns on its Mozambique coal assets and fragile aluminium businesses.

Guinea to review mining contracts

2013-02-05 10:10

Guinea will review all of its mining contracts including a 2011 settlement agreement with global miner Rio Tinto, as it conducts an audit of its mining registry.

Rio Tinto writes down $14bn, CEO quits

2013-01-17 10:23

Mining giant Rio Tinto has announced a $14bn writedown related to its Mozambique coal assets and ailing aluminium business, prompting its CEO to resign.

Rio Tinto iron ore output tops target

2013-01-15 10:47

Global miner Rio Tinto aims to boost iron ore output by 15% this year.

Rio Tinto sells small SA coal assets

2012-09-25 11:49

Rio Tinto has agreed to sell two small coal assets in South Africa, the latest move by the global mining giant to up stakes and divest from the country.

Rio Tinto earnings down

2012-08-08 11:43

Global miner Rio Tinto has recorded a 34% drop in underlying earnings to $5.2bn for the first half of the year.

Iron ore prices propped up by output drop

2012-04-19 08:08

Major iron ore producers including Rio Tinto and BHP Billiton have suffered weather-related disruptions, helping to keep iron ore prices resillient.

BHP sees iron ore demand 'flattening'

2012-03-20 08:29

Mining giant BHP Billiton says Chinese iron ore demand seems to be flattening as the world’s second-largest economy slows, but prices are expected to hold up.

Rio dividend surprise masks aluminium hit

2012-02-09 08:41

Rio Tinto has reported a 6% fall in second-half profit, before $9.3bn in writedowns in its aluminium business, but appeased investors with a massive dividend hike.

Mozambique slams foreign mining firms

2012-02-02 08:15

Australian and Brazilian mining giants are moving villagers to land insufficient for farming and far from jobs to make way for coal projects, a new report says.

Rio accepts Chinese offer for Kalahari

2012-01-31 17:35

Miner Rio Tinto has agreed to China Guangdong Nuclear Power Corp’s bid for a stake in Kalahari Minerals, which has interests in one of the world's largest uranim projects.

 

SABMiller poaches Rio Tinto chairperson

2014-08-06 14:41

SABMiller has appointed Jan du Plessis as a new independent non-executive director, who will take the reigns from John Manser as chair in July next year.

Rio Tinto pushes on with Russia JV in Canada

2014-06-27 12:19

Global miner Rio Tinto and Russian fertiliser producer Acron OAO are moving ahead with the development of the Albany potash prospect in Saskatchewan, Canada.

Rio Tinto not actively trying to divest

2014-05-16 18:00

Mining giant Rio Tinto says it's not actively trying to divest assets, but will consider any attractive offers.

Strong cyclone hits western Australia

2013-12-31 09:46

A powerful cyclone has lashed Australia's resources-rich west coast, bringing torrential rains and destructive gales that ripped up trees and roofs and closed major global iron ore operations.

Glencore halts $7bn Australian mine

2013-09-11 12:06

Mining giant Glencore Xstrata says it has put its proposed $7bn Wandoan open-cut energy coal project in Australia on hold as oversupply drags on prices.

Job cuts ahead as Rio delays expansion

2013-08-14 18:05

Rio Tinto says it has to cut up to 1 700 jobs in its Mongolian operation, after a more than $5bn underground expansion of the Oyu Tolgoi mine was suspended.

Rio Tinto wins end to US lawsuit

2013-07-01 20:06

Rio Tinto has won the dismissal of a protracted US lawsuit accusing the firm of complicity in human rights abuses on the South Pacific island of Bougainville.

Mozambique's coal railway under threat

2013-06-19 16:36

The Renamo opposition party has threatened to paralyse the only railway line out of Mozambique's vast coalfields, which is mainly used by Vale and Rio Tinto.

Rio Tinto set on iron ore expansion

2013-05-07 10:08

Rio Tinto is set to press on with plans to boost production at its Australian mines by a quarter in 2015.

Shakeup plans for foreign mines in Zim

2013-04-23 18:07

Zimbabwean President Robert Mugabe's party wants a change to laws that will compel mines to turn over majority stakes to local blacks for free, a report states.

Rio Tinto bids for Moz rail project

2013-04-11 10:46

Mozambique has named miner Rio Tinto as one of six preferred bidders for a new $3bn railway and port development project to boost coal exports.

New Rio Tinto CEO unveils strategy

2013-02-14 20:18

Rio Tinto's new chief says he will slash costs, sell weak assets and spend more carefully after the company reported a $3bn full-year loss.

Rio CEO vows cost cuts and disposals

2013-02-14 14:10

Rio Tinto's new chief signalled has he will slash costs, focus on selling weak assets and spend more carefully after the miner reported a $3bn full-year loss.

Global miners to act as profits plunge

2013-02-12 13:00

Global mining firms are set to unveil their biggest profit-falls in more than a decade and are clearing the decks with multi-billion-dollar writedowns.

New Rio chief faces test over plight of alumina refinery

2013-01-31 10:26

Rio Tinto's to decide whether to shut the 1 400-staff Gove alumina refinery in Australia, as under-performing units come under scrutiny after $14bn in write downs.

Anglo, Rio Tinto sell stakes in Palabora

2012-12-11 15:17

Copper miner Palabora Mining says a consortium of South African and Chinese parastatals would buy a 74.5% stake in it from Rio Tinto and Anglo American.

BHP Billiton sells RBM stake

2012-09-07 19:12

Anglo-Australian miner BHP Billiton has said it had completed the sale of its 37% stake in Richards Bay Minerals to rival Rio Tinto for $1.91bn.

Rio Tinto ups Ivanhoe Mines stake

2012-07-31 16:15

Resources group Rio Tinto has raised its stake in Ivanhoe Mines after buying over 133 million shares under Ivanhoe’s rights offering at a total cost of $935m.

Rio unveils $518m automated mining plan

2012-02-20 09:29

Global miner Rio Tinto has accelerated a move towards automation, disclosing a $518m plan to pioneer the use of driverless trains in Australia.

Rio Tinto pumps $3.4bn into Pilbara

2012-02-08 08:12

Miner Rio Tinto says it will pump a further $3.4bn into expanding iron ore operations in the Pilbara region of Western Australia to meet strong demand from Asia.

Rio Tinto iron ore output flattens

2012-01-17 07:57

Rio Tinto has reported near-flat fourth-quarter production growth of iron ore, undershooting market expectations amid concerns of softening Chinese demand.

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