Tag «Rio Tinto»

Rio Tinto unveils new $2.5 billion share buy-back to return Coal & Allied Industries Ltd sale proceeds to shareholders

Rio Tinto has today committed an additional $2.5 billion to its ongoing share buy-back programme, returning the proceeds of the sale of Coal & Allied to its shareholders. The capital return programme will be executed through a combination of an off-market buy-back tender, targeting A$700 million (approximately $560 million) of Rio Tinto Limited shares, with …

Rio Tinto promotes workplace safety with Indian businesses

  New Delhi, 11 August 2017   The benefits of entrenching a safety culture in the workplace were shared among Indian businesses today at a workshop hosted by Rio Tinto. More than 30 Rio Tinto suppliers and partners drawn from the goods and services sectors across India attended the event in Delhi to underscore the …

Origins of Argyle necklace debuts in New York

Rio Tinto’s famed champagne and cognac diamonds from its Argyle diamond mine have been showcased in a signature piece of jewellery in New York, in celebration of their unique Australian provenance and the diamond ties that bind Australia and the US. The Origins of Argyle statement necklace features more than 45 carats of cascading champagne …

Rio Tinto releases second quarter production results

Rio Tinto chief executive J-S Jacques said “This was a solid quarter for production, including record output at our bauxite operations. Iron ore production was in line with last year, although iron ore shipments were impacted by an acceleration in our rail maintenance programme following poor weather in the first quarter. We believe our focus …

Rio Tinto reconfirms Yancoal as the preferred buyer of its thermal coal assets in Australia

20 June 2017 The Rio Tinto board has reconfirmed its recommendation that shareholders vote in favour of the sale of its wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the board of a counter proposal from Glencore plc (“Glencore”) and a proposal from Yancoal comprising …

Rio Tinto signs training partnership MoU with China’s SASAC

8 June 2017 Rio Tinto has further strengthened its partnership with China’s State-owned Assets Supervision and Administration Commission (SASAC) by signing a Memorandum of Understanding (MOU) to develop executive training for Central State-owned Enterprise (Central SOE) leaders. SASAC is the governing body responsible for supervising and managing the country’s state-owned assets. The total assets value …