Rio Tinto News

London: BHP Billiton and Rio Tinto, two of the world's largest mining companies, yesterday agreed terms on their $100bn iron ore joint venture.

Rio Tinto, the world's largest mining group, has pulled out of a joint venture with BP to develop a US$2 billion clean-energy project in Abu Dhabi.

Mining giants BHP Billiton and Rio Tinto on Saturday signed a $116 billion iron ore joint venture agreement to combine their Western Australian iron ore operations.

Rio Tinto said today that it will be focussing the majority of its investment in carbon capture and storage technology on the Hydrogen Energy California project, a proposed new hydrogen-powered electricity facility that will capture and store most of its carbon related emissions to produce clean electricity.

Share prices for mining stocks could have further to go in the current commodity price environment, executives at a London mining conference said Tuesday.

Australia's second biggest miner, Rio Tinto Ltd, has completed the sale of Alcan Composites to Swiss-based machinery maker Schweiter Technologies for $US349 million .

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Rio Tinto Ltd says it will need as many as 1,000 new employees when its iron ore operations in Western Australia's Pilbara region expand.

U.K. shares traded sharply lower on Thursday, as investors took some profits off the table by selling miners and banks in particular.

TWO large Australian mining companies are listed on the London Stock Exchange as well as the Australian Securities Exchange - BHP Billiton and Rio Tinto.

THE Pilbara love-in between Rio Tinto and Kerry Stokes' 52 per cent-owned iron ore junior, Iron Ore Holdings, has been expanded to include a possible deal on IOH's fast-growing Iron Valley resource.

Rio Tinto Ltd says it may buy Iron Ore Holdings Ltd's Iron Valley deposit in Western Australia's Pilbara region.

German steelmaker ThyssenKrupp AG said it has sold its industrial services unit North American Safway Group to a private equity company based in New York, Odyssey Investment Partners LLC.

Global miner Rio Tinto says it will receive total proceeds of at least $US741 million in connection with the recent initial public offering of Cloud Peak Energy Inc, and related transactions.

British stocks traded lower on Friday, with commodity-sector stocks under pressure as oil and gold futures declined and as broker downgrades weighed on shares of several travel firms.

U.S. stock futures on Friday pointed to a weaker start, hurt in part by Dell's worse-than-forecast profit drop as traders moved toward safer securities like bonds.

Shares of Fortinet Inc. rose sharply in the company's first day of trading on the Nasdaq, another sign that the recently moribund IPO market is coming back to life.

OECD economies must recover for the resurgence of international trade and consumer spending needed for miner Rio Tinto and other industries to be on a sustainable footing, its chief executive said on Saturday.

European steel makers called Monday on EU antitrust regulators to block a joint venture between the world's No.

Anglo-Australian miner Rio Tinto Plc is hoping to raise $520 million by spinning off its U.S. coal business, but analysts cautioned that demand for the offering could be tepid.