Rio Tinto

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Rio says Oyu Tolgoi could start shipping this month

Frik Els | May 9, 2013
Rio says Oyu Tolgoi could start shipping this month

CEO Sam Walsh told Rio Tinto investors approvals for shipment of material from the controversial Mongolia mine are expected "in the next couple of weeks."

Rio upping Pilbara iron ore output another 70m tonnes

Frik Els | May 6, 2013
Rio upping Pilbara iron ore output another 70m tonnes

World number two miner to approve $5bn to bring annual capacity to 360m tonnes.

Miners rally after finally catching up with good news from China

Frik Els | May 3, 2013
Miners rally after finally catching-up with good news from China

But gold producers miss out again.

Indian and Chinese investors eye Vale’s Rio Colorado potash project

Cecilia Jamasmie | April 22, 2013
Vale reaches deal with Argentine authorities, quits $6bn potash project

The potential takeover comes only four years after Vale bought the project from Rio Tinto.

Rio Tinto’s Walsh promises investors $5bn in cost savings

Cecilia Jamasmie | April 18, 2013
Rio Tinto’s Walsh promises investors $5bn in cost savings

Aside from selling assets and slashing jobs, Walsh said the company will improve performance at all operations.

Clashes at coal mine owned by Vale in Mozambique

Cecilia Jamasmie | April 17, 2013
Clashes at coal mine own by Vale in Mozambique

Mozambique’s coal industry has faced a number of challenges in recent months.

Rio Tinto copper output hit hard by Utah landslide, to fall 20%

Cecilia Jamasmie | April 16, 2013
Rio Tinto copper output hit hard by Utah landslide, to fall 20%

The giant miner revealed, however, a spike in first-quarter production, which sent the shares up 1.9% to 3,028p in London and received a pre-market gain estimated in 4.6% to $46.40 this morning in New York.

Rio Tinto adds Ivanhoe Australia to its blowout sale

Cecilia Jamasmie | April 11, 2013
Australia kangaroo

Rumours suggest Rio’s sale of a majority stake in Ivanhoe Australia will trigger a full takeover of the company.

Rio Tinto copper mine in Utah evacuated in face of major slide

Cecilia Jamasmie | April 11, 2013
Rio Tinto copper mine in Utah evacuated after slide

No injuries were reported.

BHP could resume massive Jansen potash project this year

Cecilia Jamasmie | April 10, 2013
BHP could resume massive Jansen potash project this year

The $10bn mega project was shelved last year.

Rio gets ready to wave its Diavik diamond mine goodbye

Cecilia Jamasmie | April 5, 2013
Rio gets ready to wave its Diavik diamond mine goodbye

Dominion Diamond Corp, which already owns 40% of the mine, said it is interested, but the price has to be right.

Japan gets the green light to mine coal in Mozambique

Cecilia Jamasmie | April 4, 2013
Mozambique mine

The mine, scheduled to start operating in 2016, is expected to produce 5 million tonnes of coking coal a year.

Rio Tinto’s Walsh hits the gas pedal, puts Aussie coal assets up for sale

Cecilia Jamasmie | April 3, 2013
Rio Tinto’s Walsh hits the gas pedal, puts Aussie coal assets up for sale

Deal it is expected to fetch around $3 billion.

Anglo abandons $555 million coal venture in Mozambique

Cecilia Jamasmie | March 28, 2013
Anglo abandons $555 million coal venture in Mozambique

The country's coal industry has faced a number of challenges in recent months.

Australia sees iron ore prices only getting worse

Cecilia Jamasmie | March 21, 2013
Australia doesn’t see iron ore prices getting any better

The country's commodities forecasting agency expects average price to fall to $90 a tonne over the next five years.

Political infighting may be behind latest Oyu Tolgoi delay

Frik Els | March 20, 2013
Oyu Tolgoi

Mongolian state representative on Oyu Tolgoi board may be jockeying for position ahead of presidential elections.

Conviction sell: Rio downgrade gives entire iron ore sector a bloody nose

Frik Els | March 19, 2013
Conviction sell: Rio downgrade gives whole iron ore sector a bloody nose

Goldman Sachs sees significant earnings declines at world number two miner.

Rio Tinto, Xstrata to slash over 100 coal jobs each

Cecilia Jamasmie | March 19, 2013
Rio Tinto, Xstrata to slash over 100 coal jobs each: reports

Rio and Xstrata are not the only miners rethinking their coal business in Australia. Vale and BHP are reportedly on the same page.

Rio Tinto highlights the importance of innovation in the Chinese diamond industry

Rio Tinto | March 18, 2013

Rio Tinto this week confirmed its commitment to support innovation as a driver of growth in the Chinese diamond industry and the important role that design will play in developing new categories for diamond jewellery consumption.

Ten banks to back up Rio Tinto’s Oyu Tolgoi: report

Cecilia Jamasmie | March 15, 2013
Ten banks to back up Rio Tinto’s Oyu Tolgoi: report

The mine is currently operating under a temporary month-to-month budget from Rio's coffers

Oyu Tolgoi: Mongolia tosses ball into Rio's court

Frik Els | March 14, 2013
Oyu Tolgoi: Mongolia tosses ball into Rio's court

Mongolia wants six issues resolved before agreeing on construction funding.

Frik Els

SLIDESHOW: 2-minute history of the iron ore wars

Frik Els | March 13, 2013
SLIDESHOW: A 2-minute history of the iron ore wars

From relic of the industrial age to the most profitable bulk commodity the mining industry has ever experienced.

Rio Tinto in Guinea: Will it stay or will it go?

Cecilia Jamasmie | March 13, 2013
Rio Tinto in Guinea: Will it stay or will it go?

Simandou, expected to cost more than $10 billion, is proving too costly for the giant miner, currently focused on selling non-core operations to curb costs and bolster its balance sheet.

Iron ore fall strikes projects, miners and frightens investors

Cecilia Jamasmie | March 12, 2013
Iron ore free fall strikes projects, miners and frightens investors

The steelmaking commodity hit a 2½-month low Monday as Chinese steelmakers resist restocking frightened by weakening economic data.

Indian girls shine with Rio Tinto Diamonds coaching program

Rio Tinto | March 11, 2013
A view of a beautiful traditional diamond ring on the hand of an Indian bride decorated with mehendi / henna.

Rio Tinto Diamonds is delighted with the 100 per cent pass rate in recent high school examinations for local children in the communities surrounding its developing Bunder diamond mine in Madhya Pradesh.

Rio Tinto’s miner dead four days before found

Cecilia Jamasmie | March 11, 2013
Rio Tinto’s miner dead four days before found

Australian miners and unions say the rising number of mine deaths that go unnoticed for days is concerning.

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