Rio Tinto, currently in the news because of Chinese government claims of bribery of steel industry executives by some of its executives there, is looking at a lower half year profit, judging by the June quarter and first half output review released yesterday. For full story, click here
Continue reading "Rio Tinto's Mixed Output Half Year"
Friday, June 5, 2009
Asian shares ended mostly higher on Friday, led by a rally in Australian mining stocks after Rio Tinto declared a capital raising and a joint venture with BHP Billiton. For full story, click here
Continue reading "Rio Tinto has lead a rise in Asia, Europe Stocks"
Friday, June 5, 2009
China will surging be forced to turn to the spot market to satisfy its appetite for copper following the failure of a controversial investment deal with Rio Tinto Plc, potentially boosting prices of the red metal. For full story, click here
Continue reading "Collapse of Rio-Chinalco deal will boost copper tags"
Tuesday, June 2, 2009
Miner Rio Tinto has forecasted a risk that a strong rally in copper prices may reverse over the next six to nine months. For full story, click here
Continue reading "Rio Tinto has forecasted downside copper risk, costs slipped"
Thursday, April 16, 2009
Contained copper production at Chile’s Escondida mine, the world’s largest, slumped 45 percent in the first quarter from a year ago to 156,400 tonnes, part owner Rio Tinto Ltd/Plc reported on Wednesday. For full story, click here
Continue reading "Escondida copper output slumps on low grades"
Tuesday, March 17, 2009
Rio Tinto reported that metals prices are unlikely to rebound during 2009 on account of a large stock and production capacity overhang despite an expected improvement in demand over the course of the year. For instance, London Metal Exchange copper prices more than halved, and have since been trading below US$4,000 a metric ton. The [...]
Continue reading "Metal prices unlikely to rebound in 2009"
Tuesday, February 24, 2009
Rio Tinto Group puts proposed copper and nickel mine, Kennecott Eagle mine project, on hold due to bad economy. For more information, click here
Continue reading "Kennecott Eagle mine project on hold by Rio"
Tuesday, February 17, 2009
Rio Tinto, the embattled FTSE 100 mining giant, rebuffed a “low ball” offer from rival BHP Billiton for its stake in the world’s biggest copper mine last month. For full story, click here
Continue reading "Rio and BHP battle over world’s biggest copper mine"
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Thursday, July 16, 2009