Rio Tinto to offer certified 'responsibly produced' aluminiumRio Tinto, an Anglo-Australian multinational, has become the first mining and metals company to be granted the aluminium industry’s Chain of Custody certification by the Aluminium Stewardship Initiative (ASI). The certificat More… |
Rio Tinto's CEO sees no BHP-style spin off for unloved assetsRio Tinto will keep a newly formed division that includes troublesome coal and uranium assets, its newly appointed chief executive told Reuters, brushing off expectations it would consider a spin off and eventual sale. BHP Billito More… |
Rio Tinto coal divestment starts with around $600m saleGlobal miner Rio Tinto on Wednesday said it had agreed to sell its 40 per cent stake in the Bengalla coal mine in Australia to New Hope Corp for $606 million, the latest shuffle of Australian coal assets amid a sector-wide downturn. More… |
Robe River JV completes iron ore project expansionThe second phase of expansion of the Robe River Joint Venture, an iron ore project jointly operated by Nippon Steel & Sumitomo Metal Corp (NSSMC) and Rio Tinto (Australia & UK), in Western Australia has been completed. As More… |
Vale to fightback Rio, BHP for iron ore supply to ChinaAs Rio Tinto and BHP Billiton ship more iron ore than ever to China, the Australia mining giants face a fightback from Brazil's Vale for market share that threatens to drive already weak prices even lower. The Australian compa More… |
Rio Tinto to invest in Mongolia gold, copper mineMining firm Rio Tinto has pledged to invest at least $250 million to $300 million in the construction of the underground section of the massive Oyu Tolgoi copper and gold mine in Mongolia this year, Mongolia's prime minister said. More… |
Rio Tinto to invest $500m in India diamond projectGlobal mining company Rio Tinto plans to invest $500 million in a diamond project in the Indian state of Madhya Pradesh, its chief executive officer Sam Walsh said on Monday. The company is waiting for environment approvals from the Ind More… |
Brazil's Vale may seek to settle Rio Tinto lawsuitRio Tinto declined to comment on Monday on whether it would be willing to settle a lawsuit it brought against Brazil's Vale over valuable iron ore concessions in Guinea. Vale's general counsel said last Friday the company More… |
Rio Tinto in $4bn African coal miner dealAnglo-Australian miner Rio Tinto offered $3.9 billion to buy African-focused coal miner Riversdale in an agreed deal that is likely to be challenged by rivals seeking to secure coking coal reserves. Rio's first big acquisition since it More… |
Iran 'free to keep Rio Tinto mine stake'Iran can keep its stake in a uranium mine in Namibia owned by Anglo-Australian mining giant Rio Tinto, despite new UN sanctions restricting such investments, the firm said. UN Security Council resolution 1929, adopted in June, bans the More… |