Rio Tinto, the world’s third leading mining company, that its iron ore output surged 8 percent in the second quarter and that it expects a recovery in Chinese steel demand in the second half of the year. For full story, click here
Continue reading "Rio Tinto Iron Ore Output surged in 2Q"
Tuesday, July 7, 2009
An Australian man is one of four Rio Tinto employees who have been arrested and detained by Chinese authorities, with the Rudd Government demanding Beijing provide “urgent consular access to him”. For full story, click here
Continue reading "Rio Tinto Iron Sales Team Was Arrested In China"
Friday, June 5, 2009
Global miners Rio Tinto and BHP Billiton are to combine their Australian iron ore operations, six months after BHP dipped a hostile takeover bid for Rio Tinto. John Sevior, head of Australian equities for Perpetual Investments, stated: I think it’s a very clever deal. For full story, click here
Continue reading "How does BHP-Rio Iron Ore stacked up for investors?"
Tuesday, May 5, 2009
Goldman Sachs JBWere Private declared that cash prices for iron ore will bottom this quarter as demand from China rebounds, boosting forecast earnings for BHP Billiton Limited and Rio Tinto Group. Mr Malcolm Southwood and Mr Paul Gray analysts of Goldman Sachs JBWere declared: We now believe that the current quarter will mark the bottom [...]
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Wednesday, April 15, 2009
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
Continue reading "Iron Market: Heading For A Glut?"
Monday, April 13, 2009
Bloomberg declared that Cia Vale do Rio Doce may boost shipments of the raw material after the Q2 as stockpiles fall and demand from Chinese builders increases. For full story, click here
Continue reading "Cia Vale Rio Doce iron shipments to rebound after Q2"
Tuesday, March 24, 2009
Mining giant Rio Tinto Ltd/Plc announced that its proposed deal with Chinese state-owned Chinalco would not influence iron ore contract price negotiations for the year ahead. For full story, click here
Continue reading "Rio Tinto reported that Chinalco deal won’t affect iron ore talks"
Friday, March 20, 2009
Rio Tinto Group, the second-largest iron-ore producer announced the closure of a rail line at its Western Australian mines may extend into a fifth week. For full story, click here
Continue reading "Rio’s Australian iron ore rail link to be shut for fifth week"
Wednesday, March 18, 2009
Reports say that Rio Tinto, the Australia-based mining giant, has shipped a total of 83.38 million tonnes of iron ore to its Chinese customers in 2008 up by 18%YoY accounting for approximately 53% of its total shipments. For full story, click here
Continue reading "Rio Tinto shipped 83 million tonnes of iron ore to China in 2008"
Tuesday, March 17, 2009
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
Continue reading "Rio Tinto Deal with Chinalco in Australian Hands"
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Wednesday, July 15, 2009