ARTICLES RELATING TO 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.

Rio Tinto gives up 51% in Zimbabwe

2011-10-09 21:00

Mining multinational RioTinto's Zimbabwean subsidiary Murowa Diamonds has ceded 51% of its equity to comply with a new law giving local blacks majority shares in foreign companies.

Rio Tinto ups its stake in Ivanhoe

2011-09-27 08:02

Global resources giant Rio Tinto has acquired an additional 3.7 million shares in Ivanhoe Mines, increasing its ownership to 49%.

Anglo and Rio to sell Palabora stake

2011-09-05 08:32

Resources giants Anglo American and Rio Tinto plan to sell their combined 74.5% stake in Palabora Mining, the owners of South Africa's largest copper mine.

Down in the dumps

2011-03-24 00:00

Anglo American is selling its Kleinkopje multi-product colliery – which still has up to 20 years of economic life left – in the latest example of disinvestment by a major mining group from South Africa’s coal sector.

Striking Exxaro union eyes Rio stoppage

2010-08-23 11:35

The National Union of Mineworkers says more than 600 workers had downed tools at Exxaro Sands and is planning to strike at Rio Tinto in Richards Bay.

Australia 'nearly there' on mining deal

2010-07-01 10:09

Australia is close to a compromise deal on the proposed 40% mining tax after its government made concessions on key issues, says a report.

Rio Tinto exec won't appeal

2010-04-08 19:08

A jailed Australian former Rio Tinto executive has opted not to appeal his 10-year sentence for bribery and commercial spying in a case that has rattled foreign businesses in China.

 

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.

Global mining splurge in 2011

2011-12-08 11:13

The China-driven commodities boom transformed economies worldwide and saw cashed-up mining giants invest record amounts this year.

Zimbabwe to probe foreign firms on BEE

2011-09-27 14:40

An official says foreign firms operating in Zimbabwe will soon be investigated over compliance with a law requiring them to sell at least 51% to locals.

Num accuses Rio, Anglo of ducking BEE

2011-09-19 09:20

The National Union of Mineworkers says Rio Tinto and Anglo American have bowed out of Palabora Mining without making any meaningful empowerment deal.

Rio Tinto books record earnings

2011-08-04 10:41

Mining giant Rio Tinto has reported record underlying first-half earnings of $7.8bn, a 35% increase on-year due to strong Asian demand for its commodities.

Asian shares mixed after Wall St gains

2010-12-23 10:04

Asian stocks are mostly higher, tracking a rally in US markets spurred by news that the US economy fared better than expected in the third quarter.

Rio, BHP merger talks still on

2010-08-20 11:50

Mining giant Rio Tinto has dismissed speculation that its proposed iron ore joint venture with BHP Billiton is on the brink of collapse due to regulatory disapproval.

Rio Tinto to lift Ivanhoe stake

2010-06-30 09:23

Anglo-Australian miner Rio Tinto says it will spend $393m acquiring more shares in Canada's Ivanhoe Mines to progress a landmark copper-gold project in Mongolia.

Aus to hit miners with new tax

2010-05-02 12:17

Australia's government has angered its booming resources sector by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul.

Rio Tinto verdict worries Aus

2010-03-30 08:32

Australian Prime Minister Kevin Rudd says secrecy surrounding China's trial of four Rio Tinto workers for commercial espionage leaves room for doubt about the convictions.

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