Saturday 19 April 2014
 
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Rio Tinto

Rio Tinto in $4bn African coal miner deal

Anglo-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

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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

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China jails Rio Tinto executive for 10 years

A Shanghai court on Monday sentenced a Chinese-Australian executive of Rio Tinto to seven years in prison on charges of accepting bribes and five years on charges of stealing commercial secrets. The Shanghai Intermediate People's Court

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BP-Tinto Abu Dhabi plant to be ready by 2014

A joint venture between BP and Rio Tinto, Hydrogen Energy, is pushing on with the world's first large-scale carbon capture and storage (CCS) project despite the credit crunch hitting both Abu Dhabi and California. Hydrogen Energy chief

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Saudi smelter delayed after Rio pullout

Saudi Arabian Mining Co (Maaden) will delay by three years the start of production at a planned aluminium smelter, its chief executive said after mining giant Rio Tinto Alcan abandoned the project. Rio Tinto Alcan said in December it had d

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Rio Tinto quits $10bn Saudi aluminium JV

Mining giant Rio Tinto is unable to finance its 49 per cent stake in an aluminium joint venture in Saudi Arabia, projected to cost $10 billion because of the global crisis, its Saudi partner said on Wednesday. 'Rio Tinto will not be ab

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Rio to review Saudi aluminium JV

Rio Tinto Alcan will review a $10.6 billion aluminium joint venture with Saudi firm Maaden as it reviews other projects in the wake of the global financial crisis, its chief executive said on Monday. "We are looking at the technical and fi

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Maaden to borrow $8bn for aluminium plant

Saudi Arabian Mining Co (Maaden) will borrow about 30 billion riyals ($8 billion) in the third quarter of 2009 to fund a planned aluminium plant in the kingdom, a Kuwaiti newspaper quoted its CEO as saying. The loan will be "international

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Rio Tinto puts Abu Dhabi aluminium project on hold

Rio Tinto has put its aluminium smelter project in Abu Dhabi on hold, a company spokesman said on Thursday. ’It is certainly on hold, we’ve taken our focus away and put it onto other projects,’ he said. ’To

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Maaden plans $2.5bn IPO in July

State-owned Saudi Arabian Mining Co (Maaden) plans to raise 9.25 billion riyals ($2.47 billion) in July in the Middle East's biggest mining IPO, valuing the firm at $4.9 billion, the Saudi bourse regulator said. Maaden is a partner in an a

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