Asciano down but confident
August 6, 2008
Ports and rail operator Asciano reports a $182.1 million loss for 2007-08, but is confident of a strong year ahead.
Rio Tinto spins iron ore deal into bid defense (Reuters)
Reuters - Shares in global miner Rio Tinto gained over 1 percent on Tuesday after it won a huge price rise for iron ore shipped to China, giving it a chance to trumpet its defense against a $163 billion takeover bid.
Rio Tinto to invest $2.15 bln in Brazil iron ore mine (AFP)
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil. 
Australia approves Chinalco's stake...
Australia has approved Aluminum Corp. of China Ltd.'s stake in miner and takeover target Rio Tinto Ltd., Treasurer Wayne Swan said Sunday.
Rio Tinto ends Asian steel price talks
Rio Tinto has concluded price negotiations with its Asian customers for the steelmaking commodity.
Rio Tinto loses iron ore licence in...
Rio Tinto, the world's second-largest miner, has lost control of one of its
most important iron ore projects.
Rio Tinto to fight for Simandou project
Rio Tinto Ltd has vowed to fight for its rights to the $6.46 billion Simandou iron ore project in Guinea.
Rio Tinto sells WA asset for $564m
Rio Tinto Ltd has completed the sale of its Kintyre uranium project in Western Australia's East Pilbara region for $US495 million ($A564 million).
Rio Tinto expects post-Olympic...
China's economy should recover its growth trajectory after two weeks of
self-imposed slowdown during the Olympics, Rio Tinto said yesterday.
Rio Tinto to invest 2.15 bln dlrs in Brazil iron ore mine (AFP)
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
Rio Tinto posts record half-year profit
Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other metals. 
Chinalco May Snag More Of Rio Tinto
Before increasing its stake in the miner, the Chinese aluminum maker is waiting to test market conditions.
BHP Billiton abandons bid for Rio Tinto
BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging...
BHP Billiton's bid for Rio Tinto...
The European Union has begun a full investigation into BHP Billiton's proposed
$170billion ($£85.8billion)takeover of Rio Tinto, its rival.
Rio Tinto says it is comfortable with...
Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's...
EU widens antitrust probe into BHP...
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed...
Norwegian wealth fund sells stake in...
One of Rio Tinto's largest shareholders has sold its £500 million stake in the
company over concerns about the Grasberg goldmine, which has been called one
of the world's...
Rio Tinto upbeat on commodities as profits soar
Rio Tinto, the world's second largest miner, today revealed a 51.8 per cent rise in profit for the first six months of the year due to soaring commodity prices as it reiterated its rejection of BHP Billiton's offer for the group. However, shares in Rio Tinto fell 104p to £50.75 in early trading on concern that high commodity prices will begin decline.
Rio Tinto says Guinea goes back on iron ore concession (AFP)
AFP - Anglo-Australian mining giant Rio Tinto said Sunday a concession which potentially could open a massive new iron ore field in west Africa appeared to have been rescinded.
Rio Tinto wins up to 97 percent rise...
Rio Tinto, the world's second-largest iron ore producer, secured price rises with its Asian customers of up to 96.5 percent for its ore this year, the miner said Tuesday.
China agrees to pay Rio Tinto nearly...
AFP - China's Baosteel said Tuesday it would nearly double the price it pays mining group Rio Tinto for iron ore, in a deal experts said underscored the Asian giant's lynchpin...
Rio Tinto to hike iron ore price for...
AFP - Anglo-Australian mining group Rio Tinto said Monday that it had agreed a near doubling of the price of its iron ore sales to Chinese steel maker Baosteel.
China's Baosteel agrees to nearly...
China's biggest steel producer, Baosteel Group, agreed to price hikes of up to 96.5 percent with iron ore supplier Rio Tinto, the companies said Monday, amid surging demand for...
Rio Tinto to invest in iron ore studies
Rio Tinto Ltd will spend $A521.96 million on the expansion of its Pilbara operations to increase output to 320 million tonnes per year.
Rio Tinto iron ore licence in Guinea...
One of Rio Tinto's top iron ore concessions is under threat after the Guinea government revealed it was reviewing the $6bn project in Simandou, stating concerns over its legality.