Company News: Rio Tinto
Updated: 12 Jul 2010
Rio Tinto is a leading international mining group, combining Rio Tinto plc, a London listed public company headquartered in the UK, and Rio Tinto Limited, which is listed on the Australian Stock Exchange, with executive offices in Melbourne.
The two companies are joined in a dual listed companies (DLC) structure as a single economic entity, called the Rio Tinto Group.
The Group finds, mines and processes the earth's mineral resources - metals and minerals essential for making thousands of everyday products that meet society's needs and contribute to improved living standards.
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Also Known as: Rio
Business Category Exploration; Mining
Regions of Operation North America; Latin America; Caribbean; Europe; Central and Northern Asia; Middle-East Asia; South-East Asia; North Africa; Central and East Africa; Southern Africa; West Africa; Australasia
Exchange Ticker RIO
Head office London
- Rio Tinto PLC
- 5 Aldermanbury Square
- London
- Greater London
- EC2V 7HR
- gb
Head office Melbourne
- Rio Tinto Limited
- 120 Collins Street
- Melbourne
- 3000
- au
Most Recent Company News
- Rio Tinto approves US$1 billion Hope Downs 4 - 31 Aug 2010 1:40pm
Rio Tinto will spend about US$1 billion on a new iron-ore mine in Australia, a joint venture with Gina Rinehart’s Hope Downs Iron Ore Pty. Read more... - Powering the demand for energy - 27 Aug 2010 11:05am
The uranium sector continues to grow steadily as the prospects for nuclear power improve with the rising need for primary supply Read more... - Rio asserting control - 27 Aug 2010 11:05am
Rio Tinto is to deploy internet-based software to manage the expenses of 20,000 employees. The Global Expense Management Solution is provided by UK-based Spendvision Group, and will be rolled out to ten business units over the next 12 months. Read more... - BHP, Rio gain on optimism mining tax may be dropped - 24 Aug 2010 12:09pm
BHP Billiton and Rio Tinto rose in Sydney trading after the ruling Australian Labor party failed to win a majority at the weekend election, raising optimism its proposed mining tax may be scrapped or diluted Read more... - Looking for transparency - 20 Aug 2010 11:50am
Mining companies in the DRC can look forward to government’s efforts to develop the sector Read more... - Mitsui/Rio in Laos - 20 Aug 2010 11:49am
Rio Tinto and Mitsui & Co have set up an exploration office in Vientiane to co-ordinate their bauxite joint venture in Laos Read more... - Rio Tinto Ltd to mop up plc stake - 20 Aug 2010 11:49am
Australia-listed Rio Tinto Ltd has started the buy back of the final tranche of its shares owned by UK-listed Rio Tinto plc Read more... - Sino-rhythm - 13 Aug 2010 11:15am
Travel to any country in Latin America and you will see the hand of China at work Read more... - Waiting for growth - 13 Aug 2010 11:15am
Investors take a cautious approach and the mining sector waits for post-election progress in Argentina Read more... - Rio invests another US$1bn in iron ore - 06 Aug 2010 11:57am
Rio Tinto has announced the allocation of nearly US$1 billion in capital towards its iron-ore projects in Australia and Guinea Read more...
26 Jan 2009
Rio Tinto Alcan completes the sale of its equity stake in Ningxia aluminium smelter for US$125 million - PR709g.PDF
Rio Tinto Alcan has completed the sale of its 50 percent equity share of the Alcan Ningxia aluminium joint venture in China to Qingtongxia Aluminium Group Co Ltd (QTX) for gross cash consideration of US$125 million.
20 Jan 2009
Rio Tinto Alcan curtails production and cuts costs in response to global economic conditions - PR708g.pdf
Rio Tinto Alcan plans to implement further production curtailments to align production with customer demand.
15 Jan 2009
Fourth quarter 2008 operations review - PR709g.PDF
Chief executive Tom Albanese said: "Production for the quarter was in line with expectations. We are taking firm action in response to the global economic downturn and, given the resilience of Rio Tinto's low cost assets, expect to remain well positioned when recovery comes."
11 Dec 2008
Further update on Simandou - PR702g.PDF
Rio Tinto has received correspondence from the Guinean Minister of Mines which appears to indicate that the Council of Ministers has instructed the Ministry of Mines and Geology to effect a compulsory relinquishment of the northern half of the Simandou Mining Concession whilst confirming Rio Tinto's entitlement to the southern half of that Concession.
11 Dec 2008
Rio Tinto joint venture Richards Bay Minerals reaches agreement on 26 per cent BBBEE transaction - PR701g.pdf
Rio Tinto's South African joint venture with BHP Billiton Plc ("BHPB"), Richards Bay Minerals ("RBM"), announced that agreements with a Broad-Based Black Economic Empowerment ("BBBEE") Consortium were signed today, in which 24 per cent of RBM will be transferred to a group comprising local communities and investors with a further 2 per cent to be transferred to a trust for the benefit of RBM employees.
10 Dec 2008
Rio Tinto commits to reduce net debt by $10 billion by end of 2009 - PR700g.pdf
Rio Tinto has announced a detailed package of measures in response to the unprecedented rapidity and severity of the global economic downturn, which has caused sharp falls in commodity prices and a significantly weaker outlook. The initiatives are aimed at preserving value for shareholders by conserving cashflow and reducing levels of debt.
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