Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.
Rio Tinto Mining News
The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.
Rio Tinto has hired UBS AG to explore a possible initial public offering on the Australian Securities Exchange after planned trade sales came up short.
The Swiss attorney general’s office launched its probe in 2016, court documents show.
The mining group has tried to sell the division many times without success.
UK investigators raided home of former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group.
Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.
“We are ready to take action whenever action is required ... we had your backs last week and we always will,” Trudeau said after visiting a Rio Tinto smelter in Quebec.
Reactions continue to pour in following U.S. President Donald Trump’s imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.
Company made a strategic decision in 2017 to exit coal and focus on growth in iron ore, copper and its aluminum division.
Lawyers acting for the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott say charges brought by the SEC are 'plainly wrong.'
Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.
Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.
Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.
The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.
Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.
Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office.
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.
Ulaanbaatar orders Rio Tinto to build domestic power plant for $5.3 billion expansion of Oyu Tolgoi copper-gold mine.
Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.
Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.
Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.
Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.
The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.