Rio Tinto revealed that it sold 80% of the Northparkes copper-gold mine to China Molybdenum for US$820 million.
Tags: Rio Tinto
Credit Suisse says Rio Tinto, Anglo American could partner with BHP for Canadian potash
Credit Suisse said Rio Tinto and Anglo American could become BHP Billiton's potential partners for its potash mining project in Canada.
Chinese coal firm plans on USD 160 million bid for Inova Resources Ltd
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
Teck Resources Ltd bids for Rio’s Iron Ore Co.
A source that was familiar with the discussions on the Teck-Iron Ore deal said that Teck Resources Ltd was among few bidders battling to acquire Rio Tinto Group's controlling stake in the Canada-based firm.
Sources say Mongolian likely to head Rio Tinto's Oyu Tolgoi
Sources said that Mongolian businessman Bold Baatar is most likely to be appointed as the head of Oyu Tolgoi when Cameron McRae exits this October.
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Rio Tinto's agreement with EDF for its electricity is due on 2016, requiring the mining giant to seek options to improve efficiency and negotiate for a new contract.
More discussions between Rio and Glencore is said to have transpired after early talks were held for the venture of two thermal coal assets in Australia.
Rio Tinto received numerous interested parties to purchase its stake after announcing to raise funds for debt payment.
Rio Tinto's Northparkes mining rights in Australia are in the cross hairs of the Carlyle Group.
Rio extends budget after impasse with Mongolian government over mining project. The Rio Tinto subsidiary overseeing the Oyu Tolgui gold and copper project, Turquoise Hill Resources Ltd had announced that an extension on construction funding has been provided while discussions are ongoing with the Mongolian government to find a settlement for their dispute.
Rio Tinto (RIO.AX) (RIO.L) will spend $3.7 billion to boost its Australian output of iron ore. Rio Tinto (RIO. AX) (RIO. L) will spend $3. 7 billion to boost its Australian output of iron ore, its most profitable business, shrugging off forecasts of waning demand and a looming global supply glut as Chinese manufacturing slows.
