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Rio Tinto Group News

News on Rio Tinto Group continually updated from thousands of sources around the net.

Thursday | The Washington Post

Steelmaker Sees Iron Ore Extending Drop on Overcapacity at Mines

Iron ore prices will fall further because there's too much supply of the main ingredient for steel, the head of Austria's largest steelmaker said, deepening a slump that's curbed profits at world's largest miners.

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Related Topix: Mining, Metals, BHP Billiton, Science / Technology

Sun Aug 17, 2014

The Washington Post

Potential $60 Billion Mine in Play With Rio Reviewing Its Stake

An abandoned mine with a potential copper and gold resource worth more than $60 billion is in play with Rio Tinto Group saying it's reviewing its controlling stake in the company that owns the deposit in Papua New Guinea.

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Related Topix: Metals, Mining, Papua New Guinea, Oceania, World News, Science / Technology

Thu Aug 07, 2014

Bloomberg

Rio Tinto Set to Boost Returns After Profit Jumps by 21%

Rio Tinto Group , the world's second-largest mining company, said first-half profit gained 21 percent on record iron-ore shipments, setting the stage for an increase in cash returns to investors from next year.

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Related Topix: Rio Tinto, Companhia Vale do Rio Doce, Mining, Metals

Tue Aug 05, 2014

Bloomberg

Iron Giants Graze Cows at Australia Ranches to Feed China

Rio Tinto Group is the world's second-largest exporter of iron ore . It's also one of Western Australia 's biggest cattle ranchers, with room for 25,000 head to graze on land spanning an area larger than Connecticut .

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Related Topix: Australia, Oceania, World News, Mining, Metals, Life, Food, Beef, Meat, Agriculture, Science

Wed Jul 30, 2014

Bloomberg

Rio's Turquoise Hill Unit to Sell 29.95% of Coal Miner SouthGobi

Turquoise Hill Resources Ltd. , the Mongolian coal miner controlled by Rio Tinto Group, agreed to sell 29.95 percent of SouthGobi Resources Ltd. for C$25.5 million .

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Related Topix: Metals, Mining

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