LONDON (Reuters UK) - Copper prices could hit fresh record highs this year as the Chinese economy continues to expand despite a slowdown in the United States, the chief economist of miner Rio Tinto RIO said on Thursday. "I think the conditions still exist for yet...
By Megan Davies NEW YORK (Reuters) - Bidders for Rio Tinto Plc's RIORIO U.S. coal unit, Energy America, have a deadline of the end of business on Wednesday to lodge interest in the asset, sources familiar with the situation told Reuters. Initial indications...
By Mathieu Robbins and Eric Onstad LONDON (Reuters UK) - Steel magnate Lakshmi Mittal considered buying a stake in bid target Rio Tinto RIO to expand his interests in iron ore but has decided against it for now, sources familiar with the matter said on Monday....
By James Regan SYDNEY (Reuters UK) - Miner BHP Billiton BHP BLT raised estimated reserves at its biggest iron ore operation by a quarter on Tuesday, a day after rival Rio Tinto RIO set a lofty new benchmark price for the commodity. Rio RIO agreed a...
By Lucy Hornby and James Regan BEIJING/SYDNEY (Reuters) - The focus in annual iron ore price talks shifted on Tuesday to whether BHP Billiton BHPBLT would convince Chinese steelmakers to pay more than the record settlement reached with Australian rival Rio ...
By Lucy Hornby and James Regan BEIJING/SYDNEY (Reuters UK) - BHP Billiton BHP BLT said on Tuesday that Rio Tinto's RIO RIO record iron ore price settlement with China's Baosteel failed to provide an adequate freight premium, signalling it may seek a further price hike....
Rio Tinto Runs Mines Hard as BHP Offer LoomsXemplar - takeover for Rio Tinto?Rio Tinto is showing interest in uranium mining company Xemplar in Namibia.
LONDON -- Commenting on the second quarter's production results, chief executive Tom Albanese said: "These strong results show that we are continuing to expand to meet rapid demand growth in the developing world. We have set quarterly production records for iron ore, mined copper and alumina, thanks to increasing investment...
Rio Tinto, the parent company of Kennecott Utah Copper, said Tuesday it has been selected by Wal-Mart to provide gold and silver for "fully traceable, responsibly produced" jewelry. The partnership is part of a Wal-Mart initiative to achieve 100 percent traceability for all of the gold and...
LONDON -- Rio Tinto has been chosen by Wal-Mart, the world's largest retailer, to provide gold and silver for fully traceable, responsibly-produced jewelry. The partnership is part of a Wal-Mart initiative to achieve 100 percent traceability for all of the gold and silver jewelry sold at its stores. ...
MONTREAL, July 15 /PRNewswire/ -- Alcan Packaging, part of Rio Tinto Alcan, announced that its Global Beauty division has signed a Share Purchase Agreement to acquire the Tubapak cosmetic tubes manufacturing facility in Russia. "This acquisition illustrates our growth strategy", said Ilene S. Gordon, president and CEO,...
AMEX:ROY TSX:IRC DENVER, CO, July 14 /PRNewswire-FirstCall/ -- International Royalty Corporation (the "Company" or "IRC") today announced the closing of the Australian royalties from IRC's December 2007 acquisition of the Rio Tinto royalty portfolio, following receipt of the Australian Foreign Investment Review Board approval and the...
Bechtel today announced itsigned a $200 million engineering, procurement, and constructionmanagement agreement with Rio Tinto Alcan for the Kitimat Smeltermodernization project in Kitimat, British Columbia. "Bechtel is honored to be selected for this project," said AndyGreig, president of Bechtel Mining & Metals. "This is an excitingopportunity for us and we...
MELBOURNE, Australia -- Rio Tinto has signed an agreement to sell the Kintyre uranium project located in Western Australia to a joint venture consortium comprising subsidiaries of Cameco Corporation and Mitsubishi Development Pty Ltd for US$495 million. Guy Elliott, chief financial officer of Rio Tinto, said, "This sale...
MONTREAL, July 10 /PRNewswire/ -- Rio Tinto Alcan has initiated formation of the previously announced CDN$200 million fund to support communities in Canada. Named the Rio Tinto Alcan Canada Fund, this is a major step in the fulfilment of Rio Tinto's promise to continue the former Alcan's commitments to...
ALL AMOUNTS ARE STATED IN CDN $ Cameco Corporation (TSX: CCO) (NYSE: CCJ) announced today that it has signed an agreement to acquire a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million US. A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty...
Researched by Industrial Info Resources(Sugar Land, Texas) -- Rio Tinto (NYSE:RTP) London, the world'sthird-largest diamond mining group, has applied for a diamond mining leaseat its Bunder project in Bundelkhand, Madhya Pradesh. The company has spentmore than $19 million to evaluate the mine and plans to invest anadditional $34 million toward...
MONTREAL, July 9 /PRNewswire/ -- Rio Tinto Alcan has awarded a contract to Bechtel, worth approximately US$200 million, to conduct the complete engineering, procurement and construction management of the planned approximately US$2.5 billion Kitimat Modernization Project in British Columbia, Canada. The project would increase production capacity at the smelter...
Prokhorov backs merger of nickel and aluminium miners to form a $100bn rival to a united BHP Billiton and Rio Tinto Russian billionaire Mikhail Prokhorov has called for the creation of a $100bn Russian mining champion, ahead of an intense boardroom battle with former friend and business...
BHP Billiton has almost doubled the price it charges for iron ore, after a deal brokered with Chinese steel producers following lengthy and sometimes bitter negotiations. Chinese State officials said yesterday that they had agreed to a 96.5 per cent increase in iron ore prices charged by...
