Search Results
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles - and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of […]
Mine Exploration Problem in Australian, Rio Tinto ‘Beats’ Iron Ore Record
The mining company Rio Tinto says that it mined a record amount of iron ore and aluminium, amid strong demand from emerging nations including China.
Rio Tinto said that despite profiting from the increasing demand, it was also facing rising costs and had to pay more for its staff, equipment and fuel.
The comments were made in […]
Rio Tinto Cintinue to Increase Iron Mine Exploration and Production From Pilbara mines
Rio Tinto says its expansion program has paid off with quarterly production records set in iron ore and alumina in the three months to June.
The mining giant said production of iron ore, which is the largest contributor to Rio’s earnings, increased 13 per cent to 41.9 million tonnes from a year earlier as the company […]
Rio Tinto Ltd/Plc Will Start Mining Nickel Exploration in Indonesia’s
Rio Tinto Ltd/Plc , under pressure to broaden its reach in commodities as it fights a takeover by BHP Billiton Ltd , said on Tuesday it had agreed to tax clauses with Indonesia needed before it can develop a nickel mine costing $1.5 billion.
Rio has largely been absent from nickel mining and hopes to start […]
Australian Mining Future and New Investment : China’s Looking For To Buy Mining assets in Australia
Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to […]
BHP seeks to build £170bn mining superpower
Rio Tinto confirms biggest takeover move since dotcom boom.
The world’s largest mining group, BHP Billiton, is seeking to take over its rival Rio Tinto in a deal that would catapult it to a market valuation of about $360bn (£170bn), bigger than Microsoft and equivalent to the gross domestic product of Ukraine.
After weeks of market rumours, […]
S Africa targets 20 percent cut in mining deaths
South Africa’s mining industry, which records an average of 200 fatalaties every year, is seeking to reduce death rates by at least 20 percent by 2013, the chamber of mines said on Thursday.
“To be world class by 2013, an annual milestone of reducing fatality rates by at least 20 percent a year is needed,” the […]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 […]
Rio soars to record high as BHP bid talk swirls
Shares in Rio Tinto Ltd./Plc., the world’s second largest mining house, jumped as much as 11 percent to a record high on Wednesday on speculation of a pending $100 billion bid by larger rival BHP Billiton Ltd./Plc.
A rumour swept the Australian market in early afternoon that BHP was readying a hostile bid for Rio Tinto […]
