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-Chinalco make Simandou JV official - 30 Jul 2010 11:31am
The relationship between Rio Tinto and its largest shareholder, Aluminium Corp of China (Chinalco), has been taken “to a new level” Read more... - Chalco shares suspended on ‘important discussion’ - 28 Jul 2010 11:39am
Aluminum Corporation of China Ltd, the nation’s biggest producer of the metal, suspended its shares from trading pending an announcement on an “important discussion”
Chalco News | Finance News | Central and Northern Asia News | Read more... - Heat strain hat - 23 Jul 2010 11:58am
Rio Tinto and the University of Nottingham have developed a wearable sensor array for the monitoring of heat strain that can be mounted in a standard safety hard hat Read more... - A new beginning - 23 Jul 2010 11:58am
New Zealand’s forgotten sector is on the road to renewal Read more... - Australian miners stand firm - 23 Jul 2010 11:58am
Gold, iron ore and coal remain the leading commodities in Australia, with bulk commodities being of particular interest Read more... - Ball tampering - 16 Jul 2010 11:43am
In this week's Comment, Chris Hinde notes that an American speaking at the Lord's cricket ground in London, at the invitation of an Australia-based club, could be expected to face a few googlies. However, in accepting the challenge from the Melbourne Mining Club, the chief executive of Rio Tinto, Tom Albanese, faced very few hostile deliveries (no mention, for example, of former employees imprisoned in China). Read more... - The next hope for mining investment? - 16 Jul 2010 11:43am
Mongolia has vast mineral potential, but the country’s mining sector is at an early stage Read more... - Rio Tinto signs conservation agreement - 16 Jul 2010 11:42am
Rio Tinto has announced that it has entered into a three-year formal collaboration with the International Union for Conservation of Nature (IUCN), to “strengthen its sustainable development efforts, environmental management and delivery of conservation outcomes” Read more... - Tensions grow over Oyu Tolgoi - 16 Jul 2010 11:42am
Canada’s Ivanhoe Mines Ltd has issued a 60-day notice to Rio Tinto of its intention to terminate a “strategic purchaser covenant” Read more... - Rio Tinto announces partnership with IUCN - 13 Jul 2010 10:41am
Rio Tinto has announced that it has entered into a three-year formal collaboration with the International Union for Conservation of Nature (IUCN), to "strengthen its sustainable development efforts".
Rio Tinto News | Production and Markets News | 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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