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  • September 30, 2014
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  1. Business - Companies - MINING

    Rio cost cuts bolster payout prospects

    Posted Dec 20th 2013, 02:58am by BLOOM

    ... Bloomberg in London Rio cost cuts bolster payout prospects Rio Tinto chief executive Sam Walsh is charting a course to potentially bolster cash returns to investors in the world's ... profitability as some commodity prices slide. Rio could return as much as US$3 billion of surplus cash to investors in 2016, Goldman Sachs analysts said this month. "There's no point ...

  2. Business - Companies

    Rio Tinto sees output rising after strong quarter

    Posted Oct 16th 2013, 12:00am by Reuters

    ... Reuters in Sydney Rio Tinto sees output rising after strong quarter Rio Tinto has boosted its copper output forecast for this year after a better-than-expected recovery at its ... rising 2.5 per cent in Australian trade to a near three-week high and outperforming the broader index. In Australia, Rio Tinto said productivity improvements led to record quarterly iron ore ...

  3. Business - Companies

    Rio Tinto’s giant Mongolian mine gets new chief executive

    Posted Sep 12th 2013, 08:58am by Reuters

    ... Reuters in Ulan Bator The top copper marketing executive at Rio Tinto will take over as the head of Oyu Tolgoi, the giant Mongolian copper and gold mine controlled by Rio Tinto, Oyu Tolgoi ... is leaving Rio Tinto. Kinnell takes over at a tricky time as Rio Tinto is trying to resolve disputes with the Mongolian government over terms for US$4.2 billion in project financing to fund ...

  4. Business - Commodities - RESOURCES

    Mongolia to Rio Tinto: fund Oyu Tolgoi mine expansion with cash flow

    Posted Aug 13th 2013, 12:00am by BLOOM

    ... Bloomberg in Ulan Bator Dispute with Rio Tinto over costs at copper and gold mine partly owned by Ulan Bator continues Mongolia wants mine expansion funded from cash Mongolia wants the planned US$5.1 billion expansion of Rio Tinto's Oyu Tolgoi mine to be financed from cash flow until a dispute over the cost of the biggest foreign investment in the country is resolved. Cost ...

  5. Business - Companies

    Rise of the robots

    Posted Oct 04th 2013, 12:00am by BLOOM

    ... Bloomberg in Sydney With iron ore prices expected to fall, miner Rio Tinto is replacing expensive train drivers in Australia with automated robot locomotives Rise of the robots Train drivers employed by Rio Tinto to haul iron ore across Australia's Outback make about the same money as surgeons in the United States. It is little wonder the mining company will replace them ...

  6. Business - Companies

    Rio Tinto to start shipping Oyu Tolgoi copper on June 14

    Posted Jun 11th 2013, 02:53pm by Reuters

    ... Reuters in Ulan Bator Rio Tinto subsidiary Turquoise Hill Resources owns a stake of 66 per cent in Oyu Tolgoi, with the Mongolian government owning the remainder. Global miner Rio Tinto ... make up one-third of the country’s economy. Journalists have been invited to attend a ceremony at the mine on June 14 to celebrate the first shipment. Oyu Tolgoi, run by Rio Tinto, is a crucial ...

  7. Business - Commodities - DISPUTES

    Mongolian mine sacks 1,700 amid funding row

    Posted Aug 16th 2013, 12:00am by BLOOM

    ... Bloomberg in Ulan Bator and London Mongolian mine sacks 1,700 amid funding row As many as 1,700 workers at Rio Tinto's US$6.6 billion Oyu Tolgoi copper and gold mining project ... on the underground mine," Oyu Tolgoi said. The lay-offs are a mix of contractors and employees. The action at Oyu Tolgoi, owned by Rio and the Mongolian government, follow months of disagreement between ...

  8. Business - China Business

    China mulls Guinea rail project funding

    Posted Aug 14th 2013, 12:00am by Bloomberg

    ... Bloomberg in Beijing China mulls Guinea rail project funding China has begun looking at funding a railway and port that would service Rio Tinto's Simandou iron project in Guinea ... Guinea's inability to fund the rail line from its coast to Simandou, described by Rio as the world's largest untapped deposit of iron ore, had "effectively frozen" the project, ...

  9. Business - Companies - ENERGY

    Shenhua eyes bid for US$3.2b coal assets in Australia

    Posted Jun 11th 2013, 10:03am by Reuters, Eric Ng

    ... Reuters and Eric Ng Mainland firm lines up with two Indian rivals as potential buyers of slice of Rio Tinto holding Shenhua eyes bid for US$3.2b coal assets in Australia The state-owned mainland company Shenhua and India's Aditya Birla are among companies considering bids for some of Rio Tinto's Australian coal assets, valued at an estimated US$3.2 billion, people ...

  10. News - Asia - MONGOLIA

    Rio Tinto polishes image of giant Oyu Tolgoi mine in Mongolia

    Posted Sep 23rd 2012, 12:00am by Michael Kohn

    ... Michael Kohn in Ulan Bator Rio Tinto seeks to ease Mongolian doubts over huge mine with a number of social projects Mining giant polishes its image Inside the brand new information centre ... Munkhbayar later told the Sunday Morning Post. The information centre is part of a campaign by Rio Tinto to win over the hearts and minds of the Mongolian people, who want the country to receive ...




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