at the very Core of it all … is Content!
BHP Billiton notes recent speculation about the Group’s portfolio. As we have said previously, the simplification of our portfolio is a priority and is something we have pursued for several years. In the last two years alone, the Group has announced or completed divestments in Australia, the United States, Canada, South Africa and the United …
Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in cash. This transaction is expected to close in the third quarter of 2013 and is subject to regulatory approval. The Eagle project in the Upper Peninsula of Michigan in the United States includes …
Production marks a key milestone for this complex $5 billion greenfield project in New Caledonia, which has been under construction for the past six years and has been a flagship component of Xstrata’s organic growth programme. At the height of its construction more than 6,000 people were employed in building the project and its associated …
Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion (post tax) in its 2012 full year results. These impairments include an amount of approximately US$3 billion relating to Rio Tinto Coal Mozambique (RTCM), as well as reductions in the carrying values of Rio Tinto’s aluminium assets (mostly Rio Tinto Alcan (RTA) …
Rio Tinto has priced EUR 1.25 billion and GBP 500 million of fixed rate notes under its European Debt Issuance Programme. The notes will be issued by Rio Tinto Finance plc and will be unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Limited. The Euro denominated offering comprises (i) long 7-year notes …
Brisbane, 27 November 2012 Xstrata Copper’s Antapaccay copper mine in southern Peru commenced production of commercial grade copper in concentrates at the beginning of November and has delivered its first shipment to Matarani Port for delivery to customers worldwide. Plant commissioning activities continue as Antapaccay progressively ramps up to the nameplate processing capacity of 70,000 …
Zug, 17 October 2012 Highlights Volumes of thermal coal, zinc and lead in concentrate and zinc metal increased compared to the third quarter last year. Strong thermal coal production during the first nine months of the year resulted in a 13% increase over the same period in 2011. Xstrata Coal settled annual thermal coal contracts …
Rio Tinto is holding an investor seminar in London and New York today that includes an in-depth look at its Copper product group and its Technology & Innovation group. Highlights from the presentations: • Rio Tinto’s strategy of maximising shareholder value by investing in and operating large, long-term, cost-competitive mines and assets is unchanged. • …