BHP dumps Rio mining mega-bid as downturn bites Nov 25, 2008
SYDNEY/LONDON (Reuters) Global miner BHP Billiton abandoned its hostile takeover bid for rival Rio Tinto, blaming sliding metals prices and the threat of global recession for scuppering the mega-merger ... BHP shares jumped more than a fifth in hectic London trading, while Rio Tinto slumped as much as 40 percent ... Rio Tinto, which had consistently rejected BHP's sweetened offer of 3. (Yahoo News -- Top Stories)
China's economy slows and Germany's shrinks Nov 25, 2008
LONDON (Reuters) Recession in Germany and a slowdown in China painted a bleak economic picture on Tuesday, a backdrop which top miner BHP Billiton cited in abandoning a 66 billion bid for Rio Tinto. Wary of the effects of the worst financial crisis in 80 years, BHP Billiton called off its hostile bid for rival Rio, catching markets off their guard, and the United States, EU and France prepared fresh economic stimulus packages. (Yahoo News -- Top Stories)
BHP Billiton drops Rio Tinto takeover bid Nov 25, 2008
SYDNEY (AFP) The world's biggest miner BHP Billiton dropped its controversial hostile takeover bid for rival Rio Tinto on Tuesday because of the global economic crisis. The massive offer had raised concerns from steelmakers that the new company would have too much control over commodity prices and was repeatedly rejected by Rio Tinto as too law ... 4 of its own shares for every Rio Tinto share in February, effectively valuing Rio, the world's third-biggest miner, at 147. (Yahoo News -- Top Stories)
Ending ‘on quite a high note’ Nov 17, 2008
Within RSL s new Rio Tinto Stadium, 120 orange-plumed hats made a striking spectacle in the upper deck ... The field at Rio Tinto is marked for soccer, meaning the band had to adapt quickly to make it work ... They also squeezed in a quick rehearsal at Rio Tinto on Friday before heading to Rice-Eccles Stadium at the University of Utah to play during the Mountain Crest football team s game against Timpview. (Logan Herald Journal, UT)
Investors want change: Dow closes up 305 Nov 5, 2008
To take this much energy from geothermal fields is not sustainable," writes Bjork. (Thanks to A lot of Icelanders are against the building of these smelters. They would rather continue to develop smaller companies that they own themselves and keep the money they earn. Many battles have been fought in Iceland on these issues. One resulted in the Environment Minister insisting for the first time that an environmental impact assessment should be carried out before any smelters or dams were built...... (Salon)
Chinese advice for the next U.S. president Oct 30, 2008
And I read last week that, because of the crisis, a number of Icelandic MPs are lobbying for the environmental assessment to be ignored so that the dams can be built as quickly as possible to give Alcoa and Rio Tinto the energy they need for the two new smelters. Iceland deserves plenty of blame for its wild spending spree and expansion into international banking, but the possibility that environmental protections will be spurned to ward off economic hard times, brought about, in large part, by... (Salon)
23rd annual chili cook-off winners announced Oct 28, 2008
The Gillette News-Record: Today. Monday, October 27, 2008. (Gillette News-Record, WY)
Real Salt Lake opens new stadium with 1-1 tie Oct 10, 2008
New York's Dave van den Bergh scored in the 31st minute, the first goal ever at Rio Tinto Stadium, and Jon Conway had five saves as the Red Bulls (9-10-9) ended a three-game losing streak. New York had allowed 11 goals during the skid, but kept Real from scoring again after Olave tied it in the 41st minute. (SportsIllustrated.CNN -- Soccer)
ASX 200 and All Ords close flat as miners weigh Aug 15, 2008
August 15, 2008 04:57pm AEST. AUSTRALIAN stocks closed flat today as gains in financials were offset by weak resources and gold slipped to an eight-month low. (The Australian)
* Who stole all the copper? Jun 29, 2008
This week, its largest steelmaker, Baosteel, agreed to double the price it pays mining giant Rio Tinto for iron ore. And last week, the BBC's John Simpson reported from a mountain in Peru that is copper-rich: the Chinese have bought the whole thing for a bargain price and are in the process of moving a sizeable town in order to strip-mine the ground beneath it. (Taipei Times, Taiwan -- World)
Bond makes rich list comeback May 28, 2008
Ms Rinehart, the daughter of the late mining magnate Lang Hancock, signed a deal in 2006 with global miner Rio Tinto to develop her Hope Downs iron ore mine in Western Australia. The youngest person to make the rich list is Nathan Tinkler, who at just 32 years old has amassed $426m. (NEWS.com.au)
A track winding back ... to your portfolio Apr 16, 2008
These included locomotives as well as coal and iron ore wagons for key customers such as Queensland Rail, Rio Tinto and BHP Billiton. As at December 31, the rail division's order book was more than $1. (Sydney Morning Herald -- Business)
Shares finish lower as banks fall Apr 11, 2008
Shares finish lower as banks fall. April 10, 2008 02:45pm. (PerthNow)
Need a lift? Public transit study will determine how badly Mar 20, 2008
The grant money came from Rio Tinto and the PacifiCorp/Rocky Mountain Foundation. The study would cost about 25,000, with the remaining balance to be paid by WyDOT, should WyDOT agree to the request. (Gillette News-Record, WY)
Sir Rod to clear logjams Feb 27, 2008
He is a director of News Corporation (owner of The Australian), mining giant Rio Tinto and investment bank JPMorgan's Australian arm. He also chairs Victoria's Major Events organisation and heads the Prime Minister's Business Advisory Council. (The Australian)
Newsletters can provide guidance Jan 26, 2008
Oddly, this was the only newsletter to pick Alcan, which soared in price as a result of a takeover by metals giant Rio Tinto that was completed in 2007. Results for this newsletter's '07 picks would have been better if its three bank selections, Bank of Montreal, Bank of Nova Scotia and National Bank of Canada, had not been caught in the current bear market for financial stocks. (Globe and Mail -- Business)
Conroy orders delay on CDMA Jan 19, 2008
Ben Woodhead RESOURCES giant Rio Tinto will replace humans with robots in its Western Australian mining operations over the next two years. Los Angeles correspondent Robert Lusetich In a Hollywood twist, the script strike in the US is proving to be a windfall for the studios. (The Australian)
Malcolm Maiden Dec 27, 2007
The latest message from BHP Billiton chief executive Marius Kloppers to Rio Tinto and its shareholders is hardly subterranean ... AFTER the shadow-boxing in the BHP Billiton-Rio Tinto takeover battle comes the countdown - but a countdown to what is still unclear ... THERE is a mountain of obstacles between reports that China Inc is preparing a bid for Rio Tinto and an actual China acquisition. (Sydney Morning Herald -- Opinion)
BHP Billiton may go hostile in Rio bid Dec 14, 2007
ANY idea that BHP Billiton cannot deliver a hostile offer to Rio Tinto shareholders is a market canard that should be discounted as merely part of the theatre of this increasingly multifaceted takeover stand-off. Sure, Rio Tinto's dual-listed structure makes aggression more difficult than agreement, but there are no poison pills here ... 45 per cent of Rio Tinto Ltd which is owned by Rio Tinto Plc. (The Australian)
China's Big Outward Leap Dec 8, 2007
Just the rumour that China Investment might make a stab at acquiring Australia's Rio Tinto boosted the mining company's stock last month, although the fund denied it was interested in the company, which is facing a takeover bid from mining giant BHP Billiton. The Japanese yen and the Tokyo stock market got a similar leg up when there were hints the fund might put some of its money into Japanese assets. (Globe and Mail -- Business)
Clampdown driven by an unmentionable fear Dec 8, 2007
The recent play for Rio Tinto by BHP Billiton added a bit of urgency ... Its handling of the Rio Tinto matter was strange ... Suppose Baosteel did make a run for Rio Tinto (and thus for Alcan). (Globe and Mail -- Business)
World Mulls Paying for Forest Protection Dec 5, 2007
In one of the first avoided deforestation deals, mining company Rio Tinto invested in a project in Australia in 2006 that paid farmers not to clear vegetation that will abate approximately one million tons of carbon dioxide over a period of 120 years. Environmentalists, the United Nations and many Western governments, which have failed to stop rampant logging in Indonesia over the last 20 years despite well-funded campaigns, are proponents of avoided deforestation projects. (Rocky Mountain News)
A mountain of obstacles Dec 4, 2007
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Twin Spruce program gives kids incentives Nov 9, 2007
Rio Tinto, the Twin Spruce staff, Healthy Schools, Campbell County Safe Kids, and others have helped make the incentives possible. (Gillette News-Record, WY)
It doesn't take much to be a star on the green scene Oct 25, 2007
And Quebec is giving Alcan, whose takeover by Rio Tinto is a now a done deal, more than $500-million and more cheap electricity in exchange for the company's commitment to invest $1. 8-billion in the Saguenay. (Globe and Mail -- Business)
Tech center drawings are unveiled Oct 19, 2007
It s gonna take some planning to get it right but that s part of why we re here to get it right, the Rio Tinto Energy America employee said. Plus, you have to look at expansion. (Gillette News-Record, WY)
Sharemarket notches up record as foreigners pile in Oct 11, 2007
And Rio Tinto, which is progressing its proposed acquisition of Alcan through regulatory hurdles, was up $3. 67 at $111. (The Age)
Stocks Climb, Led by Banks, James Hardie; Fortescue Metals, Rio Tinto Jump Oct 8, 2007
Rio Tinto Group climbed after it won U.S. clearance to buy Alcan Inc. to become the world's biggest aluminum producer ... Rio Tinto, the world's third-largest miner, surged A$3. (Bloomberg -- Australia & New Zealand)
Unforeseen Beauty Amongst The Andes Sep 29, 2007
In la Zona Rosa, nightlife thrives with outdoor restaurants and cafes that fill up with people sitting outside sipping their tinto (Colombian black coffee) or a popular Colombian beer called Costea, which is has a light, non-watery taste. Beware of a popular Colombian alcoholic beverage called Aguardiente ("firewater"), which is derived from sugar cane and has a 29 percent alcohol content. (CBS News)
Funds at issue in council race Aug 8, 2007
Kennecott Minerals and Resolution Copper are both owned by the same company, Rio Tinto of the United Kingdom. Two local lobbyists who count Resolution Copper among their clients also donated to Laura Pastor's campaign. (AZCentral -- News)
Grand Central Silver Mines, Inc. Names Lehman Brothers as Exclusive Financial Advisor Jul 19, 2007
The Bingham Canyon Mine is operated by Kennecott Utah Copper Corporation, a subsidiary of Rio Tinto PLC (RTP), and is located approximately 20 miles southwest of Salt Lake City, Utah in the Oquirrh Mountains. Grand Central has conducted exploration drilling and testing on the 114-acre property located southwest of the Bingham Canyon Mine and a limited amount of sampling and testing on the 73-acre property northwest of Bingham Canyon. (Canada Newswire)
Making money, raising eyebrows Jul 16, 2007
" With mining being a prominent industry in Nevada, it is no surprise that mining companies are represented in the state's portfolio. But three holdings - Newmont Mining ($9.7 million), Rio Tinto Group ($8.3 million) and Barrick Gold ($1.5 million) - own six of the nine top polluting mines in the nation in terms of pounds of toxic chemicals released, according to the Environmental Protection Agency's latest toxic release inventory in 2005. Combined, those mines released 424.8 million pounds of... (Las Vegas Sun)
Letters to the Editor Jul 15, 2007
Northern Dynasty has a published track record of starting a project then selling mining rights to a major mining company (Hunter Dickinson of Canada, Rio Tinto of Great Britain) to run it. How will accountability be transferred. (Anchorage Daily News)
CNW Daybook for Thursday, July 12, 2007 Jul 12, 2007
2769, Cell: (514) 835-3236 URL: TIME: 07:30 EVENT: BANK OF CANADA RELEASES MONETARY POLICY REPORT UPDATE CITY: MONTREAL LOCATION: 1501 McGill College Avenue Suite 2030 CONTACT: Jeremy Harrison, (613) 782-8782 URL: TIME: 09:00 EVENT: RIO TINTO AND ALCAN MEDIA - PHOTO OPPORTUNITY CITY: MONTREAL LOCATION: Maison Alcan Atrium 2200 Stanley Street NOTES: Alcan representatives will be present in the Atrium to escort photojournalists and television cameras into an employee briefing for a brief photo... (Canada Newswire)
007 to make a comeback? Jul 12, 2007
----------------- ----------------- RELATED BBC SITES. Last Updated: Thursday, 16 November 2006, 08:57 GMT. (BBC News -- Entertainment)
Easement guarantees wildlife will always have place to roam Jun 27, 2007
On Monday Rio Tinto Energy America donated nearly 1,000 acres, 75 percent of which is reclaimed land, to the Rocky Mountain Elk Foundation creating the Rochelle Hills Conservation Easement ... Rio Tinto Energy America and the Rocky Mountain Elk Foundation signed an agreement on Monday that created the Rochelle Hills Conservation Easement, ensuring that the land will be preserved for wildlife ... Jacobs Ranch mine and Rio Tinto also gave the foundation 5,000 to cover administrative costs of the... (Gillette News-Record, WY)
Geoinformatics Retains Investor Relations Consultant Jun 9, 2007
The Company has entered into a Master Strategic Alliance Agreement with Kennecott Exploration Company, a subsidiary of Rio Tinto plc, the world's largest mining company. The Company will use its proprietary scientific and technology systems and methodology (the "Geoinformatics Process") to identify, prioritize and drill 30 or more exploration drill "targets" in the western half of North America and Mexico over the initial two years of the agreement. (CCNMatthews Press Releases)
Iron ore tenement sparks big interest May 14, 2007
The company is no Fortescue-type threat to the big boys of the Australian iron industry, Rio Tinto and BHP. But its Peculiar Knob iron ore tenement near Coober Pedy in South Australia does give the company a near-term shot at earning serious money for a company of its size ($58 million market capitalisation, fully diluted for in-the-money options). Veritas Securities thinks so. (The Age, Australia -- Business)
Candente Resource Corp.: Metallurgical Testing for Canariaco Copper Project Norte, Peru Apr 16, 2007
Dr. Schlitt has extensive worldwide experience including Escondida Sulfide Leach Project of BHP/Rio Tinto in Northern Chile; Dos Pobres and San Juan of Phelps Dodge in Arizona; El Abra of Phelps Dodge/Coldelco in Chile; the Cerro Negro oxide deposit - Cerro Verde of Phelps Dodge in Peru; the S&K and Letpadaung Mines of Ivanhoe Mines Ltd. and Ivanhoe Copper in Myanmar; Newmont Gold's refractory ore bio-leach project in Nevada; Newmont's Batu Hijau mine in Indonesia; Haib Copper Project of Copper... (CCNMatthews Press Releases)
Mining interests eye a return to Upper Peninsula Apr 8, 2007
A subsidiary of industry giant Rio Tinto wants to open the country's largest nickel mine about 25 miles from Marquette, and various companies are prospecting for copper, nickel, uranium, and other materials. One would think they would be welcomed with open arms. (Boston Globe)
Warren Irwin Stays With Gold Mines in Hedge Fund as Commodity Prices Fall Feb 20, 2007
During the same period, shares of Rio Tinto Plc, the world's third-largest mining firm, fell 25 percent. Gold is down 8. (Bloomberg -- Canada)
Asian stocks steady to lower Feb 13, 2007
3 percent to a nine-month high on reports that mining giants BHP Billiton and Rio Tinto had drafted separate plans for a $40 billion takeover of U.S. aluminum producer Alcoa. A possible takeover of Alcoa, which has a joint venture with Alumina, stirred talk that Alumina might also be a target. (CNN -- International)
BHP Billiton, Rio Tinto eye Alcoa Feb 13, 2007
NEW YORK (Reuters) -- Mining giants BHP Billiton and Rio Tinto have drawn up separate plans for a $40 billion takeover of U.S. aluminum producer Alcoa, the Times of London reported in its Tuesday edition ... But Morgan Stanley analyst Mark Liinamaa believed the "sum-of-the-parts value of Alcoa was more like $43 per share, suggesting a 32 percent upside from Friday's close and 8 percent over his $40 per-share target.In its report, the Times said BHP Billiton and Rio Tinto, which both trade in... (CNN -- International)
SXR Uranium to Buy UrAsia for $3.1 Billion as Nuclear Power Demand Rises Feb 12, 2007
Rio Tinto Group last month decided against selling its Sweetwater uranium mill and Green Mountain deposit in Wyoming to SXR.. SXR's first mine, the Dominion project northwest of Johannesburg, is due to start production before the end of March. (Bloomberg -- Canada)
Happy landings Jan 24, 2007
Bartrop argues that BHP Billiton and Rio Tinto will outperform the market this year as they did in 2005. Last year, second-tier companies leveraged to single commodities, such as Zinifex and Oxiana, made the biggest gains. (Sydney Morning Herald -- Business)
Stocks Fall, Led by Rio Tinto and Woodside as Copper and Oil Prices Drop Jan 17, 2007
Jan. 17 (Bloomberg) -- Australian stocks fell for a second day, led by Rio Tinto Group and Woodside Petroleum Ltd. after the price of copper slipped and oil dropped to a 19-month low ... Rio Tinto, the world's third-biggest miner, lost A$1 ... Separately, Coal & Allied Industries Ltd., an Australian coal miner controlled by Rio Tinto Group, said second-half profit fell by about 63 percent as congestion at a port led to higher costs. (Bloomberg -- Australia & New Zealand)
Rio stops $140m sale of its US uranium mill Jan 10, 2007
RIO Tinto has placed a big vote of confidence in the future of the booming uranium market by rescinding a six-month-old offer to sell a US uranium mill for $US110 million ($140 million). In July, Rio decided to negotiate exclusively with the dual-listed Canadian and South African miner SXR Uranium One to sell its Sweetwater uranium mill in Wyoming and associated properties in return for cash and SXR scrip. (Sydney Morning Herald)
SXR loses out on Rio's US mill Jan 10, 2007
Johannesburg - In another boost to the prospects for global uranium companies, the world's second largest mining company, Rio Tinto, has withdrawn from the sale of its Sweetwater uranium mill in the US.. According to a statement from the proposed purchaser, sxr Uranium One, Rio Tinto has cited "significant and unexpected changes in the world-wide market for uranium since the July 7, 2006 exclusivity agreement." ... According to the deal announcements made in July, Uranium One agreed to purchase... (Finance24)
