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News on Rio Tinto (Ticker: RIO) continually updated from thousands of sources around the net.

Saturday | Arab News

Aluminum losing battle against oversupply

LONDON: Excess capacity in aluminum smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures.A Rio Tinto acknowledged a gloomy outlook for the sector this week, when it slashed the book value of its Alcan unit by ... (more)

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Related Topix: Mining

Fri Feb 10, 2012

The Independent

What Price Stuff? The commodity price revolution

The world is in the grip of a commodity price revolution. Tom Bawden explains why scarce resources are going through the roof The world is in the midst of an unprecedented scramble for resources - and it's only going to get worse.

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Related Topix: Agriculture, Science, Mining

Tajikistan News.Net

Rio Tinto Buys Back 600,000 Shares For Cancellation At 3,752.8P

Rio Tinto PLC , the mining company, said Friday that it acquired 600,000 ordinary shares for cancellation at an average price of 3,752.8 pence per share.Copyright © 2012 ... Read the full story at Fox Business UAE seeks stronger relations with Kyrgyzstan The United Arab Emirates has reiterated its interest in boosting bilateral relations with ... (more)

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KDVR

Analysis: Aluminium losing battle against oversupply

Excess capacity in aluminium smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures.

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Related Topix: Mining, 9

Telegraph

Rio Tinto denied appeal on worker agreement

RIO Tinto has not been allowed to appeal against a court's decision to declare an employment agreement for its Pilbara iron ore workforce invalid.

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Related Topix: Mining

Sys-Con Media

Rio Tinto Boasts Strong Iron Ore Profits in 2011, Despite Setbacks in ...

The company also was affected by high cost inflation, which has impacted the global mining industry as a whole.

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Related Topix: Mining, Marketwire, Companhia Vale do Rio Doce, Sugar Land, TX, Essex County, England, World News, United Kingdom, Greater London County, England

Reuters

UPDATE 1-Unions win fight v Rio on Pilbara agreement

World no.2 iron ore miner Rio Tinto lost a court fight on Friday over an old non-union agreement at its highly profitable iron ore mines, ending a three-year-old battle rendered moot by changes in Australian industrial relations laws.

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Related Topix: Mining, Australia, Oceania, World News

The Washington Post

Rio Tinto Loses Bid to Challenge Australian Labor Ruling

Rio Tinto Group lost a bid to keep using non-unionized workers in Western Australia's Pilbara region, a decision a lawyer for the world's third-biggest mining company said could affect other companies.

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Related Topix: Mining, Rio Tinto Group, Metals, BHP Billiton, Science / Technology

Thu Feb 09, 2012

Telegraph

LinkedIn picks up 14 million new members

LINKEDIN is reporting a strong fourth quarter as the online professional networking service added 14 million members.

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Related Topix: Social Software, Startups, Facebook, Mining

Gulf Times

Credit Suisse posts surprise Q4 loss on charges and risky assets

Credit Suisse posted a surprise fourth-quarter net loss as its investment bank struggled and it took almost 1bn Swiss francs of charges as it slashes costs and risky assets to meet stiffer capital rules.

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Related Topix: Mining

This Is London

Bonus backlash strikes again as Rio bosses decline payout

Rio Tinto chief executive Tom Albanese today announced he will forgo his bonus for 2011 as retribution for his disastrous acquisition of the Alcan aluminium business.

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Related Topix: Mining, Lloyds TSB Group, Financial Services

Reuters

Rio Tinto says not right time for aluminum unit sale

Shares struggled but the euro recovered on Thursday, as markets were left without a clear direction after Greek political leaders failed again to conclude a deal for a bailout package, which Athens needs to avoid a messy debt default.

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Related Topix: Mining

The Japan News .Net

Rio Tinto's Albanese becomes latest FTSE boss to give up bonus

Tom Albanese , who received salaries, bonus and benefits of $2.97m in 2010, has said he will waive his bonus entitlement after Rio was forced to take a $9.3bn charge, largely in relation to its $38.7bn acquisition of Alcan in 2007.High raw material costs, stuttering growth in many economies around and stronger than expected competition from... ...

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Related Topix: Mining, Celebrities, Dance, Pop/Rock, Lady Gaga

Bloomberg

Rio Tinto Posts Loss on $8.9B Aluminum Charge

Rio Tinto, which said last year it would sell 13 aluminum assets, booked a $8.9 billion impairment charge on the business.

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Related Topix: Companhia Vale do Rio Doce, Mining, Financial Markets, BHP Billiton

Wed Feb 08, 2012

The Hartford Courant

Rio Tinto dividend surprise masks aluminum hit

Global miner Rio Tinto reported a 6 percent drop in underlying second-half profits and took a $9.3 billion charge mainly against its aluminum business, but appeased investors with a huge dividend hike, underscoring its long-term confidence.

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Related Topix: Mining, Ansonia, CT

Reuters

UPDATE 1-Rio Tinto dividend surprise masks aluminium hit

Global miner Rio Tinto reported a 6 percent drop in underlying second-half profits and took a $9.3 billion charge mainly against its aluminium business, but appeased investors with a huge dividend hike, underscoring its long-term confidence.

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Related Topix: Mining

Western Australian Business News

Aluminium write-down slashes Rio profit

Rio Tinto has booked a 59 per cent slump in full year net profit due mainly to a writedown of its aluminium business, but underlying earnings jumped eleven per cent.

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Tajikistan News.Net

What a previous big mining club deal can show us about the Glencore offer

Tom Albanese, Rio's boss, reckoned that was "ball parks" away from fair value. Even when BHP raised its offer from three to 3.4 of its shares for every Rio share, Albanese protested about a "significant" u... ... Read the full story at Guardian

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Tue Feb 07, 2012

International Business Times

Rio Tinto Commits $3.4B More in Pilbara, Western Australia

100 per cent) to extend the life of the Nammuldi iron ore mine. With this funding, the project to increase production capacity in the Pilbara to 283 million tonnes a year is now fully approved.

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Fox News

Rio Tinto To Invest Further US$3.4 Billion In Australian Iron Ore

Rio Tinto PLC said Wednesday a further US$3.4 billion will be spent expanding its iron ore operations in Western Australia's Pilbara region.

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Related Topix: Mining, Companhia Vale do Rio Doce, Business News

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