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Rio Tinto News

News on Rio Tinto continually updated from thousands of sources around the net.

1 hr ago | The Age

Rio in alliance with Chile's CODELCO

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.

Comment?

Related Topix: Mining

Wed Nov 11, 2009

NEWS.com.au

WA's tough talk on BHP-Rio merger

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.

Comment?

Related Topix: Mining

Tue Nov 10, 2009

Reuters

Rio says no word from regulators on BHP iron ore jv

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.

Comment?

Related Topix: Mining

Mon Nov 09, 2009

The Age

Rio Iron Ore chief says hasnt heard Ec objections to BHP JV

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.

Comment?

Related Topix: BHP Billiton, Mining, Metals

MarketWatch

Europe Markets: Miners, insurers lead fourth day of Europe gains

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

Comment?

Related Topix: Mining, BHP Billiton, Metals, Financial Markets, World News, Germany

Sun Nov 08, 2009

The Sydney Morning Herald

Stocks surge on Wall St jump

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

Comment?

Related Topix: Financial Markets, Mining, Australia and New Zealand Banking Group, Financial Services

Fri Nov 06, 2009

The Age

Rio has nothing to match its BHP deal

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 ...

Comment?

Related Topix: Mining, BHP Billiton, Metals

Wed Nov 04, 2009

The Sydney Morning Herald

Rio-owned mine sold to Tinkler

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.

Comment?

Related Topix: Mining, Australia, Oceania, World News

South China Morning Post

Beijing cools tone on ore supply talks

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

Comment?

Related Topix: World News, China, Asia, Mining,

Mon Nov 02, 2009

The Age

Rio reinforces enthusiasm for BHP venture

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.

Comment?

Related Topix: Mining

The Sydney Morning Herald

Rio Tinto warns on cheap Mongolian coal

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.

Comment?

Related Topix: Mining

Sun Nov 01, 2009

The Age

Rio to resist 'unfair' China iron prices

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.

Comment?

Related Topix: Mining

Sat Oct 31, 2009

Minyanville

Two Ways: Rio Tinto, Show Me the Money

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.

Comment?

Related Topix: Mining

Fri Oct 30, 2009

Domain-B

Rio Tinto announces new Managing director, Australia

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

Comment?

Related Topix: Mining, Australia, World News

Sunday Times

Rio doubles planned capex for 2010

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.

Comment?

Related Topix: Mining

MarketWatch

Commodities Corner: China muscles deeper into global commodity markets

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.

Comment?

Related Topix: World News, China, Asia, Australia, Oceania, US Global Investors, Financial Services, Investment Services, Mining

Wed Oct 28, 2009

MarketWatch

Australia miners face near-term forex pain

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.

Comment?

Related Topix: Investment Banking, Morgan Stanley European Fund, Financial Services, Morgan Stanley, Healthcare Industry, BHP Billiton, Mining

Tue Oct 27, 2009

MarketWatch

Europe Markets: BP shares rise in choppy session for Europe stocks

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.

Comment?

Related Topix: Financial Markets, Mining

Sun Oct 25, 2009

MarketWatch

Australia: China's detention of Rio Tinto exec a concern

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.

Comment?

Related Topix: China, Asia, World News, Mining, Kevin Rudd

Sat Oct 24, 2009

MarketWatch

London Markets: Miners lead gains for FTSE 100, Q3 GDP drops

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.

Comment?

Related Topix: BHP Billiton, Mining, Metals, Financial Markets, Lloyds TSB Group, Financial Services

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