Saturday 1 October 2016
 
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Rio Tinto

Rio Tinto's CEO sees no BHP-style spin off for unloved assets

Rio 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

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Rio Tinto coal divestment starts with around $600m sale

Global 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.

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Robe River JV completes iron ore project expansion

The 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

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Vale to fightback Rio, BHP for iron ore supply to China

As 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

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Rio Tinto to invest in Mongolia gold, copper mine

Mining 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.

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Rio Tinto to invest $500m in India diamond project

Global 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

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Brazil's Vale may seek to settle Rio Tinto lawsuit

Rio 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

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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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