European regulators told BHP Billiton Ltd. that the company’s push to change the way prices are set for iron ore is one of the issues that may jeopardize its $58 billion hostile offer for Rio Tinto. For full story, click here
Rio Tinto trying to prevent a $65 bn hostile takeover by BHP Billiton Ltd., delayed investor meetings scheduled for this month in Sydney and London so it can weigh the effects of the global financial crisis. For full story, click here For company’s website, click here
By Melissa Pistilli – Exclusive to Iron Investing News On March 14 this year, the Government of India-owned mining firm National Mineral Development Corporation (NMDC) had issued a call for global partners to buy overseas mines. Mining giant Rio Tinto, also actively seeking to expand its iron ore resources, answered the call and both are set to [...]
Global miner Rio Tinto will sign an agreement with India based NMDC to prospect for iron ore. The chairman of the state-run Indian company said: We will sign a memorandum of understanding. It is for prospecting of mainly iron ore. They (Rio Tinto) will look to prospect in India. For full news, click here Visit [...]
RIO Tinto reported that its Simandou mining concession in Guinea has been cancelled. For more news, click here
Rio Tinto will invest more than $2 billion to expand Brazil’s Corumba mine in order to capitalise on increasing demand for iron ore. The company quoted that: Corumba expansion would capitalise on increasing demand for iron ore in South America and the Middle East and increase the company’s presence in Europe. For full story, click here
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