Rio Tinto Newswire

Comprehensive Real-Time News Feed for Rio Tinto.

Results 1 - 20 of 662 in Rio Tinto

  1. Rio's Sam Walsh lays it on the line: the weak are on their ownRead the original story w/Photo

    Yesterday | Canberra Times

    Rio Tinto chief executive Sam Walsh told small iron ore mining companies what they didn't want to hear at Rio's annual meeting in London on Thursday night: The supply-side pressure that has contributed to a slide in iron ore prices from around $US135 a tonne at the beginning of last year to around $US50 a tonne now isn't going to be relieved by Australia's two Pilbara giants.

    Comment?

  2. City Spy: WH Smith boss Clarke's getting over the pain of ZaynRead the original story w/Photo

    Yesterday | This Is London

    ... chancers' press releases. Possibly the most useless Regulatory News Service announcement ever: "On 15 April 2015, Rio Tinto Limited notified the ASX, in compliance with the ASX Listing Rule 3.19A and as agent for the director, for the purposes of ...

    Comment?

  3. Dismal end to the week for Australian share marketRead the original story w/Photo

    Yesterday | ABC News

    ... took another beating, shedding 4.4 per cent to $1.87 after the iron ore price dipped back below $US50 a tonne. Rio Tinto shares lost 1.4 per cent to $55.09 after the mining giant's board faced shareholders at its UK annual general meeting last ...

    Comment?

  4. Rio Tinto stands by production despite iron ore price crashRead the original story

    Yesterday | ABC News

    KIM LANDERS: Rio Tinto is standing by its strategy of maintaining iron ore production in WA's Pilbara, despite plunging global commodity prices. The mining giant's board and senior executives faced questions from shareholders at its annual general meeting in London overnight.

    Comment?

  5. Innu First Nations to launch C$900M lawsuit against Rio TintoRead the original story

    Yesterday | SNL Financial

    The chiefs of the Innu First Nations informed Rio Tinto that it is facing a C$900 million lawsuit for ignoring the rights of the aboriginal group in Quebec, according to a news release dated April 16. 's president and CEO, Sam Walsh, and the company's board to intervene to end the conflict between the aboriginal group and the global mining giant's majority-owned the rights of the Innu Nation for over 65 years, exploiting the territory's resources without their consent and without compensation. "As a consequence, we have had no choice but to begin legal proceedings.

    Comment?

  6. Rio Tinto ramps up fight to stay on top of iron ore industry at all costsRead the original story

    Yesterday | SNL Financial

    The executive told shareholders at the company's 2015 annual general meeting in London on April 16 that with iron ore now trading around US$50 per tonne delivered into China, Rio Tinto has more to do to ensure that it maintains the margin between it and high-cost producers. "Being the lowest cost producer is not about a competition, or a bid to secure bragging rights.

    Comment?

  7. Rio Tinto's Jean-Sebastien Jacques: World on the Edge of a New Metals AgeRead the original story w/Photo

    Yesterday | Resource Investing News

    This week was CESCO week in Santiago, Chile. It's one of the more notable events in the copper space, and at this year's conference, Rio Tinto's chief executive for copper and coal , Jean-SA bastien Jacques, shared his thoughts on the long-term outlook for copper and what the industry needs to be focused on right now.

    Comment?

  8. Rio says Singapore office has nothing to do with tax planningRead the original story w/Photo

    Yesterday | ABC News

    Rio Tinto has defended the amount of tax it pays, denying its Singapore office is being used to minimise its tax bill. Rio chairman Jan Du Plessis was questioned at Rio's UK annual general meeting in London overnight about whether the company sells Australian iron ore through the lower taxing Asian city-state.

    Comment?

  9. No relief from Rio TintoRead the original story w/Photo

    Yesterday | West Australian

    Rio Tinto boss Sam Walsh has signalled the company will continue to pile the pressure onto smaller iron ore producers, telling investors in London overnight Rio will push ahead with plans to expand its Pilbara mines. As Australia's mid-tier producers face oblivion with iron ore prices last week falling below $US50 a tonne, Mr Walsh told shareholders at the annual meeting Rio would do more to push down costs to maintain the gap between it and its smaller peers.

    Comment?

  10. Rio Tinto CEO Shows Ready to Fight to End in Iron-Ore Price WarRead the original story

    Yesterday | The Washington Post

    Rio Tinto Group Chief Executive Officer Sam Walsh signaled he won't let up in an increasingly hostile iron- ore price war that's piling pressure on smaller rivals. "We have already seen the winding back of iron-ore supply from Chinese producers, on top of production cuts from high-cost seaborne suppliers," Walsh told Rio's annual general meeting Thursday.

    Comment?

  11. Fitch Affirms Alcoa's IDR at 'BB+'; Outlook PositiveRead the original story

    Thursday | Business Wire

    ... higher value-added production. Alcoa ranked as the third largest western primary aluminum producer in 2014 after Rio Tinto and Rusal. Its aluminum production is in the second quartile of the global cost curve and its alumina production is in the ...

    Comment?

  12. UPDATE 1-Rio Tinto to slash costs further to endure bumpy ride in iron oreRead the original story

    Thursday | Reuters

    Rio Tinto, the world's second largest mining company, warned of "continued bumps" in its key iron ore market and vowed to stay focused on slashing costs to be the last man standing at a tough time for the sector. The London-listed company and its rivals BHP Billiton and Vale are trying to cut production costs to the bone to remain competitive after a tumble in the price of iron ore in the last couple of years.

    Comment?

  13. We'll thrive while others suffer: RioRead the original story w/Photo

    Thursday | NEWS.com.au

    ... will pay back $30 million to around 8,500 financial planning clients who failed to get the service they paid for. RIO Tinto has defended increasing iron ore production even as prices plunge, arguing that being a low-cost miner allows it to thrive in ...

    Comment?

  14. New Report Available: Rio Tinto plc - Mergers & Acquisitions (M&A),...Read the original story

    Thursday | PR-inside.com

    Report Description MarketLines' Rio Tinto plc Mergers & Acquisitions , Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions , divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Rio Tinto plc since January 2007. Report Scope * Provides intelligence on Rio Tinto plc's M&A, strategic partnerships and alliances, capital raising and private equity transactions.

    Comment?

  15. Rio will 'thrive' despite falling pricesRead the original story w/Photo

    Thursday | NEWS.com.au

    ... will pay back $30 million to around 8,500 financial planning clients who failed to get the service they paid for. RIO Tinto chairman Jan du Plessis says falling commodity prices are placing rival producers under "significant distress" but increased ...

    Comment?

  16. Fortescue says it can withstand iron-ore slumpRead the original story w/Photo

    Thursday | MarketWatch

    ... as investors have fretted over both its high debt pile and its ability to compete with bigger Australian rivals Rio Tinto PLC and BHP Billiton Ltd. All three companies operate large mines in the Pilbara region of Western Australia. Fortescue has ...

    Comment?

  17. Rio Tinto plc Downgraded to Sell at Goldman SachsRead the original story

    Wednesday Apr 15 | AmericanBankingNews.com

    Rio Tinto plc is an international mining company. Rio Tinto's business is finding, mining, and processing mineral resources.

    Comment?

  18. Glencore's Chase For Rio Tinto: Coveting The Best House In A Bad NeighborhoodRead the original story w/Photo

    Feb 25, 2015 | Seeking Alpha

    ... current stock price. Yet, this is exactly what analysts at Wolfe Research did in setting a $35 price target for Rio Tinto (NYSE: RIO ). From Barron's : Well-established and partly insulated from falling prices we view RIO as a model among its peers. ...

    Comment?

  19. Rumbles from the jungle as Bougainville mine stirsRead the original story w/Photo

    Monday Apr 13 | Asopa People

    ... the 2 April share price leap. BCL replied that it couldn't. The directors of the company, which is 53.58% owned by Rio Tinto, 19.06% by the Papua New Guinea government, and 27.36% by other shareholders, are trying to juggle an enormous range of ...

    Comment?

  20. BHP and Rio Tinto warned on expansionRead the original story w/Photo

    Monday Apr 13 | Iol.co.za

    The biggest iron ore producers including BHP Billiton Ltd and Rio Tinto Group are pursuing a flawed strategy by flooding an oversupplied market and they should slow down expansion plans, according to the premier of Western Australia. "The signal's going out to the market that there's going to be ever-increasing amounts of iron ore available even at lower prices," Colin Barnett said in an interview.

    Comment?