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"
Thursday, February 26, 2009
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 [...]
Continue reading "Uptick From China Bolsters Hope for Iron"
Tuesday, February 24, 2009
Rio Tinto said that its two main iron ore rail lines in Australia remain halted because of flooding. For full story, click here
Continue reading "Rio Says Australian Iron Ore Rail Lines Remain closed"
Thursday, February 12, 2009
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 [...]
Continue reading "Improving sentiments help iron prices"
Monday, February 9, 2009
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
Continue reading "Rio head steps down"
Tuesday, January 27, 2009
Rio Tinto said has shelved a plan to extend its Northparkes mine in Australia as it slashes capital spending. For full story, click here
Continue reading "Rio Tinto said has shelved a plan to extend its Northparkes mine"
Thursday, January 1, 2009
Lakshmi Mittal is looking at entering the takeover battle for the Rio Tinto mining group. For full story, click here
Continue reading "Mittal Mulls Entering Rio Tinto plc Takeover Battle"
Wednesday, December 3, 2008
The company is pulling out of contracts to build housing for workers in Australia, pending a spending review prompted by declining commodity prices. For full story, click here
Continue reading "Rio Cancels Mine Housing Contracts Pending Review"
Wednesday, November 26, 2008
BHP Billiton abandoned its year-long pursuit of Rio Tinto Group, blaming the rout in commodities prices and the credit-market squeeze for derailing the biggest hostile offer. For full story, click here
Continue reading "BHP pulls out Rio bid as commodities crash"
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Wednesday, March 18, 2009