Rio Tinto

Rio Tinto Group is a British-Australian mining group with its headquarters in London, and a management office in Melbourne. Founded in 1873, the group has grown to become one of the world’s leading producers of a range of commodities, including aluminium, iron ore, copper, uranium, coal, and diamonds. The company has operations on six continents but is mainly concentrated in Australia and Canada, and owns gross assets valued at US$81 billion.

Vale flooded with red ink with US$2.65b loss

28 Feb 2013

Brazilian mining giant Vale posted its first net loss in 10 years in the fourth quarter after taking US$5.66 billion (HK$43.91 billion) in charges for underperforming mines and other mills, a loss...

BHP names new boss as profit slumps

20 Feb 2013

Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers, as it reported an expected 43 per cent drop in half-...

Rio Tinto’s pain is packaging giant Amcor’s gain

18 Feb 2013

The results of packing giant Amcor and global miner Rio Tinto indicate fortune does indeed favour the prepared.

Rio Tinto’s pain is packaging giant Amcor’s gain

18 Feb 2013

The results of packing giant Amcor and global miner Rio Tinto indicate fortune does indeed favour the prepared.

Rio Tinto vows to staunch red ink

14 Feb 2013

Rio Tinto's new chief has vowed to slash costs, spend capital more carefully and focus on shareholder value after the world's No 3 miner reported a loss of US$3 billion.

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Global miners sweep out loss-makers as profits plunge

Global mining companies are set to unveil their biggest falls in profit in more than a decade and are clearing the decks with multibillion-dollar writedowns on poorly performing assets as they...

Rio Tinto wins ruling to keep others off iron ore railway

Rio Tinto said an Australian regulator has ruled that the firm’s key iron ore rail lines do not have to be opened to rival miners, reinforcing the world No. 2 iron ore miner’s grip on the global...

Australia rains hit coal mine output

Heavy rains in Australia’s eastern Queensland state have caused two major coking and thermal coal producers, Rio Tinto and Xstrata, to declare force majeure on exports this week after a rail haul...

MINING

Rio chief's exit a non-issue to clients

Nanjing Iron & Steel, Baoshan Iron & Steel and other mills in China, the world's biggest buyer of iron ore, expect little change in the market after chief executive Tom Albanese leaves Rio...

Australian iron ore port to reopen, cyclone threat passes

The Australian port of Dampier, which handles close to a fifth of the world’s seabourne iron ore trade for resources giant Rio Tinto , will reopen on Saturday after a two-day closure due to a...

Iron ore at 2-week low as China demand slips, swaps down