Rio Tinto News

Rio Tinto Ltd and Chile's state-owned copper mining company have entered into an alliance to jointly pursue `next generation' copper mining and processing technology development.

Said he was 'straight to the point' Markets : Latest trading news and more WEST Australian Premier Colin Barnett has warned BHP Billiton and Rio Tinto he could spike their contentious plan to merge their Pilbara iron ore operations by not passing vital legislation if they do not agree to pay raised royalties.

Rio Tinto and BHP Billiton have not received any indications that the two mining giants will face regulatory issues in forming an iron ore production joint venture, the head of Rio's iron ore division said on Monday.

Rio Tinto iron ore chief executive Sam Walsh says the mining giant has not heard of any objection from the European Commission to the proposed iron ore production joint venture with BHP Billiton Ltd in Western Australia.

European shares jumped on Monday, with miners performing well and as investors also welcomed earnings and deal moves in the insurance sector.

The Australian sharemarket opened about 1.5 per cent higher on Friday after Wall Street rallied on stronger than expected jobs and productivity data.

THE obvious question raised by recent suggestions that Rio Tinto's proposed iron ore joint venture with BHP Billiton is unattractive to a recovering Rio and should be either renegotiated or dumped is: unattractive compared with what? Rio has halved its gearing, with assets sales and a rights issue and the global crisis is receding, but there is ...

THE mining tycoon Nathan Tinkler is diving back into the resources sector, paying $480 million for a coal project in the Gunnedah Basin, near Newcastle.

China appears to be toning down its demands before key iron ore negotiations to agree a benchmark price with miners.

FOR all the talk in the market about the possibility of Rio Tinto abandoning its proposed iron ore joint venture with BHP Billiton, Rio's management team yesterday could not have made it clearer to investors and analysts that it was committed to the deal.

Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could undermine export markets for the Australian commodity.

Rio Tinto Ltd says iron ore sales to China could be priced differently to other markets in 2010 but it will also resist any attempts by Chinese steel mills to set unfair benchmark prices.

Rio Tinto, Show Me the Money Rio Tinto said its capital expenditure forecast for 2010 will more than double to at least $5 billion, a clear sign that the mining giant is expecting more improvement in demand for its products.

Rio Tinto has announced the appointment of David Peever as managing director, Australia, following the resignation of Stephen Creese earlier this month.

Mining group Rio Tinto has doubled its planned capital spending for next year to at least $5 billion after it cut debt and saw signs of economic recovery.

China's building muscle in the commodities markets, aiming to expand its reach far and wide, from the metals mines of Canada and Australia to the oil fields of Venezuela and Brazil, as it works to secure supplies of natural resources for its growing population.

A rising Australian dollar is often a sign that global demand for resources is recovering, but its downside is that it's seen hurting shares of the nation's commodity producers in the near term.

European stocks swung between gains and losses in a choppy session on Tuesday, as weaker-than-expected U.S. consumer confidence data contrasted with better-than-expected results from oil giant BP.

Australian Prime Minister Kevin Rudd said Saturday he remained concerned about the ongoing detention in China of Rio Tinto PLC executive Stern Hu, who has been accused of using bribery to seek state secrets.

London shares hit a fresh annual high on Friday as unexpectedly weak GDP data served to underline the fragile state of the domestic economy but also raised the prospect of lower interest rates for longer.