Rio Tinto CEO Sees Iron-Ore Price Decline Next Year
Rio Tinto Group expects a decline next year in the price of iron ore , the source of most of its earnings, saying global supplies will increase.
Resource Investing News
Glencore to Revive Bid for Rio's Canadian Iron Assets
Bloomberg reported that Glencore Xstrata Plc has revived its interest in bidding for the Canadian iron-ore operations that Rio Tinto Group is seeking to sell, according to two people familiar with situation.
Rio Tinto to Halve Capital Spending by 2015 in Focus on Cash
Rio Tinto Group , the world's second-biggest mining company, will cut capital spending to about $8 billion in 2015, less than half of outlays last year, as mineral producers conserve cash after prices fell.
Rio suspends Gove refinery amid low prices
Rio Tinto Group, the world's second-biggest mining company, plans to suspend alumina production at its loss-making Gove refinery and focus on bauxite output due to low prices and an elevated exchange rate.
Rio Tinto approves iron ore expansion
Rio Tinto Group, the world's second-biggest miner, approved an expansion of its annual iron ore output capacity to 360 million metric tons by 2017.
Forge Plunges as Cost Overruns Spur Loss Forecast: Sydney Mover
Forge Group Ltd. plunged by a record 93 percent in Sydney trading after forecasting a loss, leading declines among mining-services companies already struggling as mineral producers cut back spending.
Rio Unit to Proceed With $2.4 Billion Rights Offer
Turquoise Hill Resources Ltd. , the Rio Tinto Group unit that operates the Oyu Tolgoi copper mine in Mongolia, will proceed with a $2.4 billion rights offer to repay credit facilities.