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
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
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
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 [...]
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
Rio Tinto said that its two main iron ore rail lines in Australia remain halted because of flooding. For full story, click here
Heavy rains and flooding have forced Rio Tinto Ltd/Plc to suspend iron ore mining and rail haulage over a large part of west Australia’s Pilbara region, the company said on Monday. For full story, click here
Net income fell to $3.7 billion from $7.3 billion in 2007, London-based Rio said today in a statement to the Australian stock exchange. For full story, click here
By Kishori Krishnan Exclusive to Iron Investing News The second week of February brings some cheer for the iron ore sector. There are very initial signs that contrary to analysts’ expectations at the start of the year of a drop of about 40 per cent in iron ore prices this year, improving sentiments may not see [...]
There’s more turmoil at the top of one of the world’s biggest mining companies. The incoming chairman of Rio Tinto has resigned, just weeks after his appointment. Jim Leng’s departure is the latest setback to hit the company, just a few months after BHP Biliton abandoned a hostile takeover bid. For full story, click here
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