Company News - Rio Tinto [more headlines]


Rio Tinto backs iron ore in dicey global environment
Thu, 10 May 2012 08:17:36 +0100
* "Somewhat" upbeat on outlook, sees short-term volatility * Says ready to expand iron ore output to 353 mln tonnes * Warns on soaring costs, especially in Australia * Confident Guinea will back ...


Coal of Africa Ltd - Completion of Acquisition
Thu, 10 May 2012 08:05:00 +0100
ANNOUNCEMENT 10 May 2012 Acquisition of Rio Tinto and Kwezi's South African coal assets completed "Transaction strengthens Coal of Africa's position as one of the most substantial holders of prospecting ...


Rio Tinto warns on project costs, backs iron ...
Thu, 10 May 2012 01:28:29 +0100
* Reaffirms "somewhat" upbeat outlook, sees short-termvolatility * Says ready to expand iron ore output to 353 mln tonnes * Sees opportunity to expand bauxite exports to China * Rio Tinto shares ...


Promising start for China iron ore trading platform
Tue, 08 May 2012 13:31:00 +0100
An Australian cargo was among three sold via China's first physical iron ore platform on Tuesday, a promising start for the electronic trading system, although traders say volumes must rise before the bourse can create price benchmarks.The platform, run by state-owned China Beijing International Mining Exchange (CBMX), is the boldest effort so far by the world's top iron ore buyer to determine pricing, an area it believes has long been dominated by global miners Rio Tinto , Vale and BHP Billiton.


Questor share tip: Rio Tinto well placed as ...
Thu, 26 Apr 2012 00:54:10 +0100
Rio owns 33pc of the Simandou project, which analysts have calculated could produce ... Rio's impressive infrastructure for shipment to China. Iron ore is a vital constituent in the production of steel and China accounts for about 40pc of the world's ...


Rio says Simandou JV formed, Chalco makes $1.35bn ...
Wed, 25 Apr 2012 11:16:00 +0100
Diversified mining group Rio Tinto and a consortium led by Chalco, a subsidiary of State-owned Aluminium Corporation of China, have completed the Simandou joint venture (JV), after receiving Chinese regulatory approval.The Chinese approval triggered an earn-in payment of $1.35-billion from Chalco, Rio Tinto said on Wednesday, announcing the finalisation of the JV to develop and operate the 95-million-ton-a-year iron ore project in Guinea.


Rio has slow start to record bid
Tue, 17 Apr 2012 23:02:40 +0100
RIO Tinto expects to produce a record 250 million tonnes of iron ore in calendar year 2012.


Rio Tinto Q1 iron ore output up 10%, cyclones ...
Tue, 17 Apr 2012 11:43:22 +0100
Rio Tinto said its iron ore production in the first quarter rose 10% from the year earlier, although shipments were 5Mt below output as ports in Western Australia were closed because of cyclones.


FTSE 100 Movers: Miners Lead The Way Higher
Fri, 13 Apr 2012 14:36:15 +0100
The miners were the best performers of the day, with Evraz, Polymetal, Rio Tinto, Anglo American, BHP Billiton and Glencore making decent gains. Chinese GDP data came in below expectations, which sent ...


BHP, Rios Iron Ore Output for March Likely ...
Fri, 13 Apr 2012 01:00:17 +0100
The two large Australian mining firms, BHP Billiton (ASX: BHP) and Rio Tinto (ASX: Rio) are expected to report next week 4 per cent lower of total estimated iron ore output for the March quarter.


Preview: Rio, BHP iron ore output to dip as ...
Thu, 12 Apr 2012 05:50:09 +0100
Rio Tinto and BHP Billiton are set to report lower-than-expected iron ore output for the March quarter after heavy rains and cyclones disrupted port and mining operations in Australia. The losses could ...


Rio Tinto Links New Ore Platform - Analyst Blog
Tue, 03 Apr 2012 20:26:13 +0100
Last week, Rio Tinto plc ( RIO ) inked a collaborative affiliation with a new iron ore trading network, named China Beijing International Mining Exchange ( CBMX ). With