• Thu
  • Aug 28, 2014
  • Updated: 7:21pm

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.

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 second-biggest mining company after cutting US$2 billion of costs ahead of schedule.

Friday, 20 December, 2013, 2:58am

Rio Tinto to halve capital spending over next 2 years

Rio Tinto, the world's second-biggest mining company, will cut capital spending to about US$8 billion in 2015, less than half its outlay last year, as mineral producers conserve cash in the wake of falling prices.

4 Dec 2013 - 4:18am

Miners shift focus to stay in game

The latest production reports by Anglo-Australian mining giants BHP Billiton and Rio Tinto show just how much the commodity market has changed over the past year.

25 Oct 2013 - 3:23am

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 landslide-hit Kennecott mine in the United States, and announced record iron ore and coal output in the third quarter.

16 Oct 2013 - 3:05am

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 with robot locomotives.

4 Oct 2013 - 3:04am

Rio Tinto’s giant Mongolian mine gets new chief executive

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 said.

Oyu Tolgoi’s board, including three new Mongolian members, approved the appointment of Craig Kinnell as president and chief executive, replacing Cameron McRae from October 1. McRae is leaving Rio Tinto.

12 Sep 2013 - 8:58am

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 in Mongolia, where shipments began last month, have been laid off amid a financing dispute.

16 Aug 2013 - 3:58am

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 and cost more than US$10 billion, said four people with direct knowledge of the matter.

14 Aug 2013 - 3:45am

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

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.

13 Aug 2013 - 3:15am

Rio Tinto sells copper mine to Chinese firm

China Molybdenum, the nation's second-biggest producer of the steelmaking material, has agreed to pay US$820 million for Rio Tinto's Northparkes copper mine in Australia.

30 Jul 2013 - 4:49am