Rio Tinto Newswire

Comprehensive Real-Time News Feed for Rio Tinto.

Results 1 - 20 of 659 in Rio Tinto

  1. Vale expansion 'puts Australia market share at risk'Read the original story w/Photo

    5 hrs ago | ABC News

    ... over the next two years, at a unit cost of around $11 a tonne, on par with Australia's lowest cost producer, Rio Tinto. China will also take a stake in Vale's fleet of Valemax ships, which allow the Brazilian miner to transport much more ore on each ...

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  2. Commodity Traders are Watching These 3 ChartsRead the original story w/Photo

    6 hrs ago | Investopedia

    ... reading, see: BHP Billiton Shale Asset Review .) For those new to trading commodity stocks, BHP Billiton and Rio Tinto Plc (shown below) are the two 800 pound gorillas in the mining sector. In what is starting to feel like deja vu, the 200-day ...

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  3. Bank sell-off overshadows soft South32 debut on the ASXRead the original story w/Photo

    Sunday May 17 | The Age

    ... by market value and sits in the top 50 companies by market capitalisation ($10.9 billion), behind its parent and Rio Tinto. The new company's shares hit the boards at $2.13 and closed the day at $2.05. BHP Billiton shares fell 7.3 per cent to ...

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  4. Rio Tinto to sell aluminum assets in $1 billion deal: paperRead the original story w/Photo

    Sunday May 17 | Reuters

    The Financial Times, citing "people aware of Rio's plans", said on Sunday that Rio had hired Credit Suisse to find a buyer for Pacific Aluminium, known as PacAl, which comprises a group of smelters in Australia and New Zealand. Rio Tinto first said it could hive off PacAl in 2011.

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  5. UPDATE 1-Rio Tinto to sell aluminium assets in $1 bln deal -paperRead the original story

    Sunday May 17 | Reuters

    Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was cancelled. The Financial Times, citing "people aware of Rio's plans", said on Sunday that Rio had hired Credit Suisse to find a buyer for Pacific Aluminium, known as PacAl, which comprises a group of smelters in Australia and New Zealand.

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  6. Our 30 most attractive companiesRead the original story w/Photo

    Thursday May 14 | NEWS.com.au

    ... a talent scout for Google, which came in second in LinkedIn's InDemand employers list for 2015 behind mining giant Rio Tinto. PROFESSIONAL networking site LinkedIn has revealed Australia's 30 most sought-after employers. The winner probably won't ...

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  7. RPT-Australian senate vote for probe into iron ore slump postponedRead the original story

    Thursday May 14 | Reuters

    A leading independent senator in Australia has pulled a vote that could have launched an inquiry into the economic impact of a slump in the price of iron ore, just as a campaign against top producers Rio Tinto and BHP Billiton was ratcheted up. Senator Nick Xenophon wants an inquiry into the impact of the price collapse on government revenue and to consider whether action is needed to ensure healthy competition in the sector.

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  8. Australian senate vote for probe into iron ore slump postponedRead the original story

    Thursday May 14 | Reuters

    May 14 A leading independent senator in Australia has pulled a vote that could have launched an inquiry into the economic impact of a slump in the price of iron ore, just as a campaign against top producers Rio Tinto and BHP Billiton was ratcheted up. Senator Nick Xenophon wants an inquiry into the impact of the price collapse on government revenue and to consider whether action is needed to ensure healthy competition in the sector.

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  9. Lower iron ore prices are here to stay, says BHP chiefRead the original story w/Photo

    Thursday May 14 | Iol.co.za

    ... to authorise an inquiry to examine the price collapse that would seek evidence from suppliers including BHP and Rio Tinto, independent senator Nick Xenophon said. "We need to look at issue of whether market behaviours have been problematic," said ...

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  10. Macquarie Reaffirms Neutral Rating for Rio Tinto plcRead the original story

    Wednesday May 13 | AmericanBankingNews.com

    ... Macquarie's price target would indicate a potential upside of 10.18% from the stock's previous close. Shares of Rio Tinto plc ( LON:RIO ) opened at 3016.000 on Wednesday. Rio Tinto plc has a 1-year low of GBX 2600.000 and a 1-year high of GBX ...

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  11. Glasenberg ups rhetoric in strategy battleRead the original story w/Photo

    Wednesday May 13 | Iol.co.za

    ... bedrock for Glasenberg's colourful analysis is the world's iron ore market, which is dominated by BHP Billiton, Rio Tinto and Brazil's Vale, and where Glencore has almost no presence. After more than a decade of surging Chinese demand that ...

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  12. Australia wages rise 0.5% in first quarterRead the original story w/Photo

    Tuesday May 12 | MarketWatch

    ... sector had previously been a major source of wage pressures as companies like BHP Billiton Ltd. (BHP.AU) and Rio Tinto PLC (RIO) lured workers to help build new projects in remote parts of the country by offering huge pay packets. Mining companies ...

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  13. Labor floats ore royalties probeRead the original story w/Photo

    Tuesday May 12 | Yahoo!

    The State Opposition says it will call for a Parliamentary inquiry into WA's iron ore industry, focusing on whether the State is getting the best royalty returns from the big Pilbara producers. Shadow Minister for State Development Bill Johnston said yesterday the inquiry would be set up in response to months of criticism of BHP Billiton and Rio Tinto from Premier Colin Barnett and Fortescue Metals Group chairman Andrew Forrest over who was responsible for falling iron ore prices.

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  14. BHP Billiton CEO says iron ore output fits with Australia's free trade beliefsRead the original story w/Photo

    Tuesday May 12 | Sydney Morning Herald

    BHP Billiton chief executive Andrew Mackenzie says a committed "core" of Australians support the mining giant's iron ore production plans, arguing the strategy is in keeping with the nation's belief in free markets. Speaking to The Australian Financial Review from Barcelona on Tuesday, Mr Mackenzie rejected suggestions BHP and the Pilbara's other big iron ore producer, Rio Tinto, were losing the public relations battle against higher-cost miners such as Fortescue Metals Group.

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  15. Chinese iron ore mines face 'annihilation' as BHP, Rio Tinto, Vale boost outputRead the original story w/Photo

    Tuesday May 12 | The Age

    ... further next year, Goldman Sachs said. Iron ore retreated 39 per cent over the past 12 months as Australia's Rio Tinto and BHP Billiton as well as Brazil's Vale SA boosted low-cost production to cut costs and protect market share, spurring a glut as ...

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  16. RPT-UPDATE 3-BHP plans deeper cost cuts to battle commodity routRead the original story

    Tuesday May 12 | Reuters

    BHP Billiton said on Tuesday it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices that is testing even mining industry heavyweights. Giant iron ore producer BHP, the world's largest mining company, and rival Rio Tinto are locked in a battle to become the lowest cost iron producer.

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  17. Rio Tinto CEO: China GDP growth slowing but still over US$1 trillion...Read the original story

    Tuesday May 12 | SNL Financial

    ... least another 85 million tonnes of iron ore capacity to leave the market in 2015. He pointed out that, since 2012, Rio Tinto has halved CapEx and cut costs by US$4.8 billion. The company was also targeting another US$750 million in cost cuts in ...

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  18. Rio, BHP again take knife to capital spendRead the original story w/Photo

    Tuesday May 12 | Sydney Morning Herald

    Rio chief executive Sam Walsh said the infrastructure for its annual iron ore production target of 360 million tonnes would be finished within weeks, but "we do not anticipate capital investment in further volume at this time". Rio Tinto has indefinitely shelved its planned $1 billion new mine in the Pilbara and ruled out committing new capital for its controversial iron ore expansion, as rival BHP Billiton slashed its capital expenditure guidance for the second time in three months, by another $US1.8 billion .

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  19. Glencore's Ivan Glasenberg on the attack as BHP cuts shale spendingRead the original story w/Photo

    Tuesday May 12 | The Age

    ... that continue to expand exports into oversupplied markets. In a fresh attack on the iron ore strategy deployed by Rio Tinto, BHP Billiton and Brazilian miner Vale, Mr Glasenberg said industry participants that ignored demand and market balance did ...

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  20. Thermal Coal Price Recovery Could Take YearsRead the original story

    Monday May 11 | Resource Investing News

    Australian Mining reported that Jean-SA bastien Jacques, Rio Tinto plc's new coal boss, believes that it will take a long time for the market to see a recovery in the thermal coal price. The depressed thermal coal market is currently trading at six-year lows of around $US63 a tonne, a far cry from the $US150 a tonne the commodity was fetching in 2011.

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