Rio Tinto News

Lower prices for aluminum have pushed a number of aluminum plants "under water," unable to make a profit.

The groups major investments are in the areas of private healthcare, electronics, power and the communications industries.

Rio Tinto remains on track to expand its iron ore operations despite earlier indications from the mining giant's CEO, Tom Albanese, that at a certain period the company will temporarily slow down on its output plans.

TROUBLED Zimbabwe Stock Exchange -listed mining concern, RioZim Limited, this week postponed a scheduled annual general meeting days after The Financial Gazette's Companies & Markets reported that its US$45 million capital raising project had crumbled.

A $9 billion privately funded enlargement of Abbot Point coal terminal in North Queensland has been killed by the Newman State Government, a project that would have created one of the largest coal ports in the world and helped expand the coal industry.

Zimbabwe's RioZim Limited has opened talks with Rio Tinto in a bid to take full control of the Murowa diamond mine as the global mining major seeks to leave the gem business, a key shareholder said on Thursday.

EDMOND ROY: The head of Rio Tinto's iron ore business says his expansion plans are going full steam ahead, and he's confident China will continue to grow and demand Australian commodities.

Australia's federal environment minister said Thursday that he wouldn't apologize for his caution over a proposal by Rio Tinto PLC to expand its bauxite mining operations in Queensland state.

Resources giant Rio Tinto is pressing ahead with expanding its robust iron ore business despite concerns about a slowdown in China.

Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq.

MELBOURNE Ivanhoe Mines Ltd. and controlling shareholder Rio Tinto PLC have tweaked the terms of a US$1.8 billion rights offering and financing package to help fund the development of the massive Oyu Tolgoi copper-gold mine in Mongolia to reflect the fall in mining sector share prices.Shareholders in Ivanhoe will be offered additional shares in the ... (more)

Rio Tinto is a step closer to expanding its bauxite operations in far north Queensland, after a controversial $1.45 billion project was given approval to proceed by the Queensland Government.

Asia 's richest woman Gina Rinehart 's Hancock Prospecting Pty and Wright Prospecting Pty have settled a royalty dispute with billionaire Stan Perron, who claimed he'd been short-changed for a decade on mining royalty payments.

Is the window really closing on new investment in Western Australia's iron ore industry, or are BHP Billiton and Rio Tinto playing their old game of making life tough for junior miners and anyone else threatening their cosy near-monopoly of the industry? Whatever the correct answer, and it's probably bit of both, the curiously coordinated comments ... (more)

A advanced 8.3% after the company reported positive results in a Phase 1b clinical trial of its ACH-2684 second-generation protease inhibitor, used to treat patients with chronic hepatitis C. A picked up another 7.6% on Monday, adding to a more than 25% gain on Friday.

HIGHLAND HEIGHTS, Ky. -- -- General Cable Corporation announced today that it has agreed to acquire Alcan Cable, the wire and cable business of Rio Tinto plc .

General Cable Corp said it plans to buy Alcan Cable, the wire and cable business of Rio Tinto Plc , for $185 million in cash.

Vale SA , the world's largest iron-ore producer, is poised to lose market share to Australian rivals Rio Tinto Plc and BHP Billiton Ltd as Brazil imposes stricter environmental rules on new mining projects and labor costs soar.

There is a creeping realisation inside Australia that the nations commodities boom is becoming harder work, with project costs blowing out and questions over whether there will be enough demand from Asia.

The Queensland government has withdrawn its support for a 9 billion Australian dollar coal port expansion in the northern part of the state, in a sign the country's resources boom is losing steam.