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Rio Tinto

Rio Tinto 27/03/2012

22:46 : Diamonds not forever: Rio Tinto may sell business - MELBOURNE/SYDNEY (Reuters) - Rio Tinto , the world's third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at 752.1 million pounds, and joined rival BHP Billiton in backing ...
Source : reuters-com
18:11 : Rio Tinto ponders sale of its diamond interests - Rio Tinto is thought to be looking at possibilities short of a full sale or floating the business on the Hong Kong stockmarketMining giant Rio Tinto is considering a sale of its diamond interests for up to $2bn (£1.25bn) ...
Source : guardian-co-uk
16:59 : Petra shines on talk of Rio diamond disposal but FTSE 100 fails to sparkle - Rio move prompts interest in diamond sector but downbeat US data leaves markets flaggingNews that Rio Tinto may follow BHP Billiton's example and put its diamond operations up for sale has put a sparkle into other gem companies.Analysts ...
Source : guardian-co-uk
12:06 : Rio Tinto, CMS scrap 1.25 billion pounds smelter project in Malaysia - KUALA LUMPUR (Reuters) - Rio Tinto , the world's third largest miner, and Cahya Mata Sarawak have scrapped plans for a $2 billion (1.25 billion pounds) aluminium smelter project in Malaysia's Borneo island of Sarawk as power supply terms ...
Source : reuters-com
11:00 : Rio Tinto, CMS scrap $2 bln smelter project in Malaysia - KUALA LUMPUR, March 27 (Reuters) - Rio Tinto , the world's largest miner and Cahya Mata Sarawak have scrapped plans for a $2 billion aluminium smelter project in Malaysia's Borneo island as power supply terms could not be finalised, CMS ...
Source : reuters-com
08:20 : Rio Tinto to sell diamond business - Rio Tinto, the world's third-largest miner, is considering selling its $1.2bn diamond business to focus on more profitable commodities such as iron ore, copper and uranium.
Source : telegraph-co-uk
03:24 : Diamonds no longer Rio Tinto's best friend - MELBOURNE (Reuters) - Rio Tinto , the world's third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at $1.2 billion (752 million pounds), and joined rival BHP Billiton in backing ...
Source : reuters-com

Rio Tinto 20/03/2012

03:28 : Rio Tinto says iron ore expansion plans on track - PERTH, March 20 (Reuters) - Rio Tinto , the world's second-largest iron ore producer, said that its plans to expand production were well advanced for completion next year despite concerns over cooling demand in China,
Source : reuters-com

Rio Tinto 05/03/2012

11:57 : Rio Tinto to invest $2 billion in Indian iron ore project - NEW DELHI (Reuters) - Rio Tinto plans to invest $2 billion (1.3 billion pounds) in an iron ore project in the eastern Indian state of Orissa to supply Indian and overseas clients, Sam Walsh, head of the miner's Australia-based iron ore ...
Source : reuters-com
10:08 : Rio Tinto to invest $2 bln in Indian iron ore project - NEW DELHI, March 5 (Reuters) - Rio Tinto plans to invest $2 billion in an iron ore project in the eastern Indian state of Orissa to supply Indian and overseas clients, Sam Walsh, head of the miner's iron ore division, told reporters.
Source : reuters-com

Rio Tinto 04/03/2012

23:58 : Rio Tinto may cut output at Tasmania aluminium smelter - MELBOURNE, March 5 (Reuters) - Rio Tinto may cut output at one of its Australian aluminium smelters which is losing money due to the strong Australian dollar, high production costs and weak aluminium prices, the global miner ...
Source : reuters-com

Rio Tinto 20/02/2012

09:21 : Rio Tinto bets on future of automated mining - MELBOURNE (Reuters) - Global miner Rio Tinto has accelerated a move toward automation, unveiling a $518 million (327 million pound) plan to pioneer the use of driverless trains in Australia and increasing its bet on a ...
Source : reuters-com

Rio Tinto 10/02/2012

08:31 : Unions cleared to recruit at Rio Tinto iron ore mines - MELBOURNE (Reuters) - World no.2 iron ore miner Rio Tinto lost a court fight on Friday which could see unions regaining power at the company's highly profitable iron ore mines in Western Australia as well as at rival BHP ...
Source : reuters-com
08:19 : Questor share tip: Rio Tinto is a buy - Yesterday's $9bn writedown by Rio Tinto on its aluminium assets draws the line under a long and difficult saga. Senior management's decision not to take their bonuses is an honourable move.
Source : telegraph-co-uk
08:05 : UPDATE 1-Unions win fight v Rio on Pilbara agreement - MELBOURNE, Feb 10 (Reuters) - World no.2 iron ore miner Rio Tinto lost a court fight on Friday over an old non-union agreement at its highly profitable iron ore mines, ending a three-year-old battle rendered moot by changes in Australian ...
Source : reuters-com

Rio Tinto 09/02/2012

18:42 : Tom Albanese didn't deserve a bonus. But he does deserve a little credit - Rio Tinto took a big hit from Albanese's ambitious dealmaking – even current success can't disguise thatMany would say Tom Albanese, chief executive of Rio Tinto, received a bonus when he kept his job. His bet on Alcan ...
Source : guardian-co-uk
15:13 : Rio Tinto chief executive continues to pay high price for Alcan acquisition - The aluminium firm that has cost Tom Albanese his bonus was the subject of a hard-fought battle in 2007Alcan, formerly known as the Aluminium Company of Canada, became the subject of a fierce bidding war in the summer of 2007, eventually ...
Source : guardian-co-uk
14:43 : Rio Tinto swings to loss after aluminium writeoff - LONDON/MELBOURNE (Reuters) - Global miner Rio Tinto took an $8.9 billion (5.6 billion pounds) charge on its struggling aluminium business on Thursday, triggering a second-half net loss amid a gloomy medium-term outlook for the metal.
Source : reuters-com
10:59 : Oils pull FTSE higher on BG results; miners down - LONDON (Reuters) - The top shares index moved higher on Thursday influenced by a big batch of blue chip results, with energy issues the top gainers after strong results from BG Group, but disappointments from miner Rio Tinto ...
Source : reuters-com
09:36 : Rio Tinto chief Tom Albanese waives bonus after profits drop on aluminium ... - Rio Tinto chief executive Tom Albanese has waived his bonus after an $8.9bn charge on the miner's aluminium business pushed it into the red in the second half and led to a 35pc fall in full-year profits.
Source : telegraph-co-uk
09:18 : Rio Tinto's Albanese becomes latest FTSE boss to give up bonus - Mining group wrote down the value of aluminium division Alcan, bought in 2007 during a record-breaking takeover battle, by $8.9bnThe boss of global mining group Rio Tinto has become the second FTSE 100 chief executive in as ...
Source : guardian-co-uk

Rio Tinto 07/02/2012

18:33 : RPT-BRIEF-Rio Tinto names Varley as senior independent director - LONDON, FEB 7 - LONDON, Feb 7 (Reuters) - Rio Tinto PLC : * John Varley appointed senior independent director of the boards of Rio Tinto PLC and Rio Tinto Limited
Source : reuters-com
11:32 : Xstrata and Glencore unveil £57billion mega-merger deal - The deal will create a £57billion powerhouse rival to the world's mining heavyweights - the fourth biggest mining group in the world behind BHP Billiton, Rio Tinto and Brazil's Vale.

Rio Tinto 31/01/2012

15:42 : Rio Tinto accepts Chinese offer for Kalahari - LONDON, Jan 31 (Reuters) - Miner Rio Tinto has accepted China Guangdong Nuclear Power Corp's (CGNPC) bid for its 11.1 percent stake in Kalahari Minerals, a top shareholder in one of the world's largest ...
Source : reuters-com

Rio Tinto 24/01/2012

15:37 : UPDATE 1-Rio Tinto raises Ivanhoe interest to 51 pct - LONDON, Jan 24 (Reuters) - Global miner Rio Tinto said it had taken a majority stake in Canada's Ivanhoe Mines, the owner of Mongolia's coveted Oyu Tolgoi copper-gold project.
Source : reuters-com

Rio Tinto 17/01/2012

10:38 : European Stocks Rise on China Growth Outlook; Rio Tinto Climbs - European stocks climbed, with the Stoxx Europe 600 Index extending a five-month high, amid speculation that China's slowest economic growth in more than two years bolstered expectations for easier monetary policy. U.S. index futures ...
Source : businessweek-com

Rio Tinto 03/01/2012

10:26 : Chinese manufacturing data boosts FTSE - Strong chinese manufacturing data boosted shares on the first day of trading in 2012, as a deathly quiet hush descended on the corporate world.The Chinese manufacturing Purchasing Managers' Index for December showed a rise in activity, the index recording ...
Source : guardian-co-uk

Rio Tinto 01/12/2011

04:05 : Rio Tinto Succeeds in Bid for Hathor Exploration-Offer Extended to December - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/30/11 -- Hathor Exploration Limited (TSX: HAT) ("Hathor") announces that Rio Tinto has confirmed that it has succeeded in its bid to acquire Hathor and t..

Rio Tinto 30/11/2011

13:51 : Rio Tinto faces new hurdles on Canadian uranium - TORONTO (Reuters) - Rio Tinto's battle to secure its foothold in Canada's uranium-rich Athabasca region has only just begun now that it has apparently won a bidding war to gain control of Hathor Exploration.
Source : reuters-com

Rio Tinto 28/11/2011

20:55 : Miners sound warning from engine room of world economy - Mining giants BHP Billiton and Rio Tinto gave warning of the deteriorating state of the global economy, as they reported signs that the impact of the eurozone debt crisis is worsening.
Source : telegraph-co-uk
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