Rio Tinto Newswire

Comprehensive Real-Time News Feed for Rio Tinto.

Results 1 - 20 of 1,540 in Rio Tinto

  1. Talon Receives Vote of Confidence from Rio Tinto SubsidiaryRead the original story w/Photo

    6 hrs ago | Resource Investing News

    last Thursday when Rio Tinto (ASX: RIO ,LSE:RIO,NYSE:RIO) subsidiary Kennecott Exploration Company announced it will be providing the exploration and development company with a US$4-million unsecured loan. The relationship between the companies dates ...

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  2. RPT-UPDATE 1-Rio Tinto CEO says Nov plan to restart Oyu Tolgoi was "best and final offer"Read the original story

    16 hrs ago | Reuters

    Proposals made to the Mongolian government by global mining giant Rio Tinto last November to restart the long-delayed Oyu Tolgoi copper mine were the firm's "best and final offer" and won't be changed, Rio's chief executive said. Rio submitted the proposals to resolve some outstanding issues, including a $127 million tax claim that has already been cut to $30 million as well as the approval of a $4 billion project financing package to pay for phase-two construction.

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  3. Christopher Niesche: Iron magnate's call to cap production a desperate bidRead the original story w/Photo

    16 hrs ago | The New Zealand Herald

    ... sign of improvement. Fortescue is in a much weaker position to withstand further falls than rivals BHP Billiton, Rio Tinto and Brazil's Vale, all of which have much lower production costs. Worse still, Fortescue is struggling to refinance its debt. ...

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  4. Rio Tinto boss Sam Walsh says Oyu Tolgoi talks in Mongolia down to deal breakersRead the original story w/Photo

    17 hrs ago | Sydney Morning Herald

    Rio Tinto Group, the world's second-largest mining company, is locked in talks with Mongolia over developing the second stage of the Oyu Tolgoi copper and gold mine, saying only a few matters remain on the table. "We are down to a few issues and these issues are deal breaker type issues," chief executive Sam Walsh said Saturday in an interview in Ulaanbaatar.

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  5. Rio's Walsh Says Oyu Tolgoi Talks Down to Deal Breaker IssuesRead the original story

    18 hrs ago | The Washington Post

    Rio Tinto Group, the world's second-largest mining company, is locked in talks with Mongolia over developing the second stage of the Oyu Tolgoi copper and gold mine, saying only a few matters remain on the table. "We are down to a few issues and these issues are deal breaker type issues," Chief Executive Officer Sam Walsh said Saturday in an interview in Ulaanbaatar.

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  6. Henry Kissinger paid $5m to steer Rio Tinto through Stern Hu debacle and consolidate China linksRead the original story w/Photo

    Saturday | Sydney Morning Herald

    American statesman Henry Kissinger pocketed close to US$5 million for guiding mining giant Rio Tinto to wash its hands of its jailed China chief, Australian citizen Stern Hu, and build relations with Bejing. Fairfax can reveal that the 92-year-old former US secretary of state made clear that he would not use his ties with Chinese leaders to "interfere" with the country's legal system or otherwise assist Hu, who was detained in sensational circumstances in July 2009.

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  7. Rio Tinto CEO says Nov plan to restart Oyu Tolgoi was "best and final offer"Read the original story

    Saturday | Reuters

    Proposals made to the Mongolian government by global mining giant Rio Tinto last November to restart the long-delayed Oyu Tolgoi copper mine were the firm's "best and final offer" and won't be changed, Rio's chief executive said. Rio submitted the proposals to resolve some outstanding issues, including a $127 million tax claim that has already been cut to $30 million as well as the approval of a $4 billion project financing package to pay for phase-two construction.

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  8. UPDATE 1-Rio Tinto CEO says Nov plan to restart Oyu Tolgoi was "best and final offer"Read the original story

    Saturday | Reuters

    Proposals made to the Mongolian government by global mining giant Rio Tinto last November to restart the long-delayed Oyu Tolgoi copper mine were the firm's "best and final offer" and won't be changed, Rio's chief executive said. Rio submitted the proposals to resolve some outstanding issues, including a $127 million tax claim that has already been cut to $30 million as well as the approval of a $4 billion project financing package to pay for phase-two construction.

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  9. 5 Top Stories of the WeekRead the original story w/Photo

    Friday | Resource Investing News

    Oversupply in the iron ore space continued to be a hot topic, with Rio Tinto CEO Sam Walsh calling the idea of controlling prices using a production cap "hare brained." Mention of the idea got Fortescue Metals chairman Andrew Forrest's in trouble with the Australian Competition & Consumer Commission and led to an entertaining piece on the subject from Mineweb's Kip Keen.

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  10. Why Fortescue Metals' Call For A Cap On Iron Ore Production Will Never Be Heeded By Other MajorsRead the original story w/Photo

    Friday Mar 27 | Seeking Alpha

    ... ton. At the start of 2014, prices had been hovering around $130 a ton. Despite the slump in prices, miners such as Rio Tinto (NYSE: RIO ), BHP Billiton (NYSE: BHP ) and Vale (NYSE: VALE ) have been ramping up production. It helps that the production ...

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  11. Big Iron Ore Producers Debate Supply-Demand BalanceRead the original story

    Thursday Mar 26 | Resource Investing News

    Industry giants' battle over the iron ore supply-demand balance continued this week, with the most recent development coming when Rio Tinto CEO Sam Walsh described the idea of boosting prices via a production cap "hare brained." The cap was suggested by Andrew Forrest, chairman of Fortescue Metals Group , at an Austcham dinner in Shanghai.

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  12. Barnett backs Twiggy's iron ore cap callRead the original story w/Photo

    Thursday Mar 26 | West Australian

    ... covering cartel behaviour. Colin Barnett said there had been an over-reaction to Mr Forrest's idea, including by Rio Tinto chief executive Sam Walsh, who labelled it a "harebrained scheme" and "absolute nonsense". "I don't think Andrew Forrest ever ...

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  13. Iron ore industry poised for big shake-upRead the original story w/Photo

    Thursday Mar 26 | Sydney Morning Herald

    The Australian iron ore industry is poised for a major shake-up as the global glut worsens and margins continue to tighten. The nation's biggest iron ore miners, Rio Tinto and BHP Billiton, are still making money and expanding production, but questions remain about the viability of their heavily indebted rivals Fortescue Metals Group and Gina Rinehart's Roy Hill project.

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  14. Rio Tinto to axe highly paid M&A team as cutbacks deepenRead the original story w/Photo

    Thursday Mar 26 | The Age

    Rio Tinto's continuing austerity campaign is set to force departures from its mergers and acquisitions and business development areas, as the miner tries to shift some of the biggest salaries off its books. Rio has been continually shedding staff since mid-2012 when the market turned for the worse, and these latest cuts are part of the same shake-up that had Energy boss Harry Kenyon-Slaney leave the company in February.

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  15. WA Premier Colin Barnett backs Andrew 'Twiggy' Forrest's iron ore cap callRead the original story w/Photo

    Thursday Mar 26 | The Age

    ... covering cartel behaviour. Colin Barnett said there had been an over-reaction to Mr Forrest's idea, including by Rio Tinto chief executive Sam Walsh, who labelled it a "harebrained scheme" and "absolute nonsense" . "I don't think Andrew Forrest ever ...

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  16. The week in numbers to March 27Read the original story

    Thursday Mar 26 | West Australian

    ... at a 180 million tonnes, 16 million tonnes a year more than it is currently producing. 30 pct - Mining giant Rio Tinto's chief executive Sam Walsh said Australian companies are taxed too highly, harming investment. The corporate tax rate has been ...

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  17. COLUMN-Forrest's iron ore cap "harebrained" or clever tactics?: RussellRead the original story

    Thursday Mar 26 | Reuters

    What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals Group founder and chairman as "harebrained," as did Sam Walsh, the chief executive of Rio Tinto, the world's second-largest iron ore miner. It's possible that when Forrest told an audience on Tuesday in Shanghai that he was happy for iron ore miners to "cap our production right here and start acting like grown-ups", he was merely having a thought-bubble moment.

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  18. Rio Tinto to cut M&A jobs as deals appetite wanes in commodities routRead the original story w/Photo

    Thursday Mar 26 | The Age

    Rio Tinto plans to cut jobs in its mergers and acquisitions and business development areas, three sources said, in a bid to cut costs as it battles a slump in commodity prices. The plan signals diminished interest in dealmaking at the world's second-largest mining company, which rebuffed a takeover approach by rival Glencore last year.

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  19. Gina Rinehart says other countries will supply iron ore if Australia cuts backRead the original story w/Photo

    Thursday Mar 26 | Australian Broadcasting Corporation

    ... Mrs Rinehart's rejection of the proposal follow a stinging rebuke yesterday on the production cap idea from Rio Tinto's chief executive Sam Walsh. "I have no idea what was going through Andrew's mind at the time he raised the issue," Mr Walsh told ...

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  20. REFILE--Rio Tinto to cut M&A headcount in saving drive - sourcesRead the original story

    Thursday Mar 26 | Reuters

    Anglo Australian miner Rio Tinto plans to cut jobs in mergers and acquisitions and business development, three sources said, to cut costs as it battles a slump in commodity prices. The plan signals diminished interest in dealmaking at the world's second-largest mining company, which rebuffed a takeover approach by rival Glencore last summer.

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