Tag «Rio Tinto»

Rio Tinto: Statement regarding press speculation

The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore. The Rio Tinto board confirms that no discussions are taking place with Glencore. In July 2014, Glencore contacted Rio Tinto regarding a potential merger of Rio Tinto and Glencore. The Rio Tinto board, after consultation with …

Rio Tinto to review options in Bougainville Copper Limited

In light of recent developments in Papua New Guinea, including the new mining legislation passed earlier this month by the Autonomous Bougainville Government (ABG), Rio Tinto has decided now is an appropriate time to review all options for its 53.83 per cent stake in Bougainville Copper Limited (BCL). For some time, BCL has been involved …

Rio Tinto announces a 21 per cent increase in first half underlying earnings to $5.1 billion

Rio Tinto chief executive Sam Walsh said “Our outstanding half year performance reflects the quality of our world-class assets, our programme of operational excellence and our ability to drive performance during a period of weaker prices. These results show that our current strategic and management focus is making a meaningful contribution to cash flow generation. …

Rio Tinto: Board announcement

Rio Tinto chairman Jan du Plessis will join the board of SABMiller plc as an independent non-executive director with effect from 1 September 2014. SABMiller announced today that it is the intention of its board to appoint Mr du Plessis as chairman in July 2015. Mr du Plessis is currently also a non-executive director and …

Rio Tinto agrees sale of coal assets in Mozambique

Rio Tinto has reached an agreement to sell Rio Tinto Coal Mozambique, which comprises the Benga coal mine and other projects in the Tete province of Mozambique, to International Coal Ventures Private Limited (ICVL) for US$50 million. The assets were acquired by Rio Tinto as part of its acquisition of Riversdale Mining Limited in 2011. …

Rio Tinto celebrates Indian milestone with new diamond jewellery collections

Rio Tinto Diamonds has celebrated the 25th anniversary of its Mumbai office with the launch of seven new collections under their flagship diamond jewellery initiative, Nazraana™. Against the backdrop of the Indian International Jewellery Week (IIJW), the new jewellery collections, were unveiled by Yami Gautam, Bollywood actress and Brand Ambassador for Nazraana™, and Sonam Kapoor, …

Rio Tinto delivers very strong first half production

Rio Tinto chief executive Sam Walsh said “We achieved another half of very strong operating performance, powered by productivity gains across our business. Our iron ore expansion continues to deliver high-margin growth reinforcing our position as a low cost producer. It has allowed us to increase shipments of our Pilbara Blend products, providing our customers …

Rio Tinto hosts two prime ministers at its Pilbara operations in Western Australia

Japanese Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott highlighted the strong relationship between the two nations during a visit to Rio Tinto’s world-class iron ore operations in Western Australia. Rio Tinto chief executive Sam Walsh and Iron Ore chief executive Andrew Harding hosted the prime ministerial delegation, showcasing the operations and employees …