Rio Tinto Group Newswire (Page 7)

Rio Tinto Group Newswire (Page 7)

Comprehensive Real-Time News Feed for Rio Tinto Group. (Page 7)

Results 121 - 140 of 563 in Rio Tinto Group

  1. Rio Tinto Doubles Supplier Pay Terms to 90 Days to Free Up CashRead the original story

    Apr 9, 2016 | Bloomberg

    Rio Tinto Group doubled payment terms for its suppliers to 90 days from 45 days as the world's second-biggest mining company adjusts to the slump in commodity prices. "This initiative is designed to free up cash and reduce working capital so that we can preserve and maintain jobs and suppliers in tough global environment for commodities," according to an e-mail from a Rio spokesman.

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  2. Bullish on pricesRead the original story w/Photo

    Apr 8, 2016 | Bloomberg

    ... the medium term, exports may be supported by an expansion of production from the country's largest producer, Rio Tinto Group, the department said. By 2021, shipments may be 926 million tons, it said. The Roy Hill project in Western Australia's ...

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  3. Global Iron Cargoes Jump 10% as Bernstein Sees `Strong' SupplyRead the original story

    Apr 7, 2016 | The Washington Post

    Iron ore shipments by the world's largest producers expanded 10 percent in the first three months of 2016 compared with the same period last year, according to Sanford C. Bernstein & Co., which said it expected production to be strong this year. Combined exports from miners including Rio Tinto Group in Australia and Brazil's Vale SA totaled an estimated 270 million metric tons in the first quarter, about 10 percent more than the same period last year, Bernstein said in a weekly cargo-tracking report that tallies figures on a ship-by-ship basis.

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  4. Global iron ore shipments rise, Berstein analyst sees 'strong' supplyRead the original story w/Photo

    Apr 7, 2016 | Sydney Morning Herald

    ... & Co, which said it expected production to be strong this year. Combined exports from miners including Rio Tinto Group in Australia and Brazil's Vale totalled an estimated 270 million metric tons in the first quarter, about 10 per cent more than the ...

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  5. Anglo American holds fast to its prime assetsRead the original story w/Photo

    Apr 6, 2016 | Iol.co.za

    ... copper mines, Collahuasi and Los Bronces, were the sort of projects larger rivals such as BHP Billiton and Rio Tinto Group would be interested in buying. Both said they would like to add high-quality copper mines. "There's been speculation in the ...

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  6. Iron ore posts weekly loss on $US, China outlookRead the original story w/Photo

    Mar 24, 2016 | The Age

    ... Exchange futures fell 5.1 per cent. Miners' shares retreated in Sydney on Thursday as BHP lost 3.4 per cent, Rio Tinto Group dropped 3.6 per cent and Fortescue Metals Group fell 2.3 per cent. The three are the country's largest exporters. In China, ...

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  7. Fortescue and Andrew Forrest look beyond China on comeback trailRead the original story w/Photo

    Mar 21, 2016 | Sydney Morning Herald

    ... in December suspended a joint venture with a capacity of six million tons a year because of lower prices. Rio Tinto Group and BHP Billiton Ltd, the second and third-biggest iron ore exporters, are continuing to boost volumes amid a supply glut -- a ...

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  8. Iron ore slips 0.2pc as price retreat is forecastRead the original story w/Photo

    Mar 8, 2016 | The Age

    ... for iron ore." In late London trade, mining shares were sharply lower. Glencore was 16.8 per cent lower. Rio Tinto Group, the world's second-biggest iron-ore exporter, declined 8.6 per cent, and BHP lost 7.8 per cent. Fortescue Metals Group, which ...

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  9. Iron Ore, Steel Soar in Asia as China Pledges to Support GrowthRead the original story w/Photo

    Mar 7, 2016 | The Echo

    ... SA gained 6.7% in Brazil trading. Australia's Fortescue Metals Group jumped 24% in Sydney trading, where Rio Tinto Group and BHP Billiton also climbed after futures prices jumped. Iron ore has powered higher this year as steel prices have ...

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  10. Iron jumps most on record as market goes 'berserk' on ChinaRead the original story w/Photo

    Mar 7, 2016 | The Age

    ... a rally in producer stocks. Australia's Fortescue Metals Group jumped 24 per cent in Sydney trading, where Rio Tinto Group and BHP Billiton also climbed. Rio, the second-biggest mining company, rebounded from an earlier decline in London trading and ...

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  11. Iron ore rally challenges bears' forecastsRead the original story w/Photo

    Mar 3, 2016 | Sydney Morning Herald

    ... spurred by more low-cost supplies from the biggest miners including Vale SA in Brazil and BHP Billiton and Rio Tinto Group in Australia, and weakening steel demand in China. Ore with 62 per cent content delivered to Qingdao fell 2.5 per cent to ...

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  12. Glencore posts biggest profit drop since IPO on metals slumpRead the original story w/Photo

    Mar 1, 2016 | The Peninsula

    ... quickly switched from cash distribution to balance sheet concerns and cash preservation." BHP Billiton Ltd., Rio Tinto Group and Vale SA have all reported plunging profits and cut dividends this year, at the same time painting a gloomy picture for a ...

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  13. South32 to target 'niche' copper assetsRead the original story w/Photo

    Feb 26, 2016 | Iol.co.za

    ... assets now up for sale, the sector likely has the best market for buyers since the turn of the century, when Rio Tinto Group acquired North and Xstrata bought MIM Holdings, according to Barclays analysts. South32 cut net debt to $116 million at ...

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  14. Vale Joins Freeport in Opening Up Crown Jewels for Debt FightingRead the original story

    Feb 25, 2016 | The Washington Post

    ... than 70 percent from a 2011 peak after the three dominant iron-ore players -- Vale, BHP Billiton Ltd. and Rio Tinto Group -- opted to plow on with expansions and displace higher costs producers. Iron ore fell 3.7 percent to $49.75 on Thursday, after ...

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  15. Vale tips sales of key assets to lower debt by 40pc to $US15bRead the original story w/Photo

    Feb 25, 2016 | Sydney Morning Herald

    ... are being blunted by a price rout after the three dominant iron-ore players - Vale, BHP Billiton and Rio Tinto Group - opted to plow on with expansions. Now, Vale is joining other large miners such as Freeport-McMoRan by opening the door to ...

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  16. Vale Earnings Beat Estimates as Cost Cuts Counter Iron RoutRead the original story

    Feb 25, 2016 | The Washington Post

    ... global supply still outstripping demand. The three dominant iron-ore players -- Vale, BHP Billiton Ltd. and Rio Tinto Group -- have opted to plow on with expansions to displace less efficient producers. Morgan Stanley projects the ensuing glut will ...

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  17. Moody's cuts Rio Tinto ratingRead the original story w/Photo

    Feb 25, 2016 | Iol.co.za

    Rio Tinto Group had its credit rating cut by Moody's Investors Service even after the miner announced plans to slash its dividend in response to plunging commodity prices. The world's second biggest metal producer had its credit score lowered one level to Baa1, Moody's third-lowest investment-grade rating, with a negative outlook.

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  18. Rio Tinto Dividend Cut Plan Fails to Prevent Moody's DowngradeRead the original story

    Feb 24, 2016 | The Washington Post

    Rio Tinto Group had its credit rating cut by Moody's Investors Service even after the miner announced plans to slash its dividend in response to plunging commodity prices. The world's second biggest metal producer had its credit score lowered one level to Baa1, Moody's third-lowest investment-grade rating, with a negative outlook.

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  19. Copper Falls Most in Two Weeks on China Concern as Miners DropRead the original story

    Feb 24, 2016 | The Washington Post

    ... miner on Tuesday cut its dividend for the first time in 15 years as first-half profit tumbled 92 percent. Rio Tinto Group fell 3.4 percent in London. * Lead dropped 1 percent and touched a three-week low on the LME, while nickel and zinc also ...

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  20. Metals Slide on Chinese Stockpiles as BHP Slumps Most Since '08Read the original story

    Feb 24, 2016 | The Washington Post

    ... company on Tuesday cut its dividend for the first time in 15 years as first-half profit tumbled 92 percent. Rio Tinto Group fell 5.8 percent as the Bloomberg World Mining Index slid for a second day, dropping as much as 1.1 percent.

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