With a resurgence in short selling, regulators must make sure the financial system is transparent. Nov 18, 2009
Data Explores shows that the top 10 stocks out on loan are Fairfax Media (owner of The Age), News Corporation ADRs, Leighton Holdings, Transurban, Macquarie Group, Rio Tinto, Worley Parsons, AGL, Goodman Group and Fortescue Metals. In the case of Fairfax, it shows that 48 per cent of the available stock is out on loan, followed closely by News and Leighton. (Sydney Morning Herald -- Business)
Murchison lifts targets for expansion Nov 18, 2009
He also said Murchison could seek to use nearby rail lines owned by Rio Tinto Ltd or Fortescue Metals Ltd to transport ore from Rocklea to port. "We're talking to other major, major mining companies," he told AAP, suggesting a deal with Rio Tinto could be more viable. (Sydney Morning Herald -- Business)
Storms ease for IAG Nov 17, 2009
Rio Tinto is also nearing one-year highs, ending up 4 ... Meanwhile, pressure on Rio Tinto's refinancing demands is set to ease a little more as its prepares to offload a 52 per cent stake in US-based steaming coal interest Cloud Peak Energy through an initial public offer ... Rio Tinto also plans to issue $US600 million of senior debt. (Sydney Morning Herald -- Business)
Steel makers ask EU to block mining deal Nov 17, 2009
European steel makers on Monday called on EU antitrust regulators to block a joint venture between the world's No. 2 and No. 3 iron ore miners, BHP Billiton Ltd and Rio Tinto PLC, that they claimed could hike prices for iron ore ... 81 billion) bid for Anglo-Australian rival Rio Tinto ... Rio Tinto also complained that it was undervalued in the bid. (Sydney Morning Herald -- Business)
BHP Billiton Should Buy Back $15 Billion of Shares, Southern Cross Says Nov 17, 2009
BHP suspended a buyback program when it launched a hostile takeover for Rio Tinto Group in 2007 that was abandoned the next year as the world economy slowed ... While just about every hedge fund lives in hope of a revived offer for Rio Tinto or Potash of Saskatchewan, we think neither will occur, Aitken said. (Bloomberg -- Australia & New Zealand)
Stocks Fall From 14-Month High; Kazakhmys, Rio Tino Decline as Metals Slip Nov 17, 2009
Kazakhmys Plc, Xstrata Plc and Rio Tinto Plc fell more than 1 percent as copper slid on the London Metal Exchange ... Rio Tinto, the worlds third-largest mining company, slid 1. (Bloomberg -- UK)
Wuhan Iron, CVG ink iron ore deal Nov 17, 2009
Chinese steelmakers failed to reach a price agreement with suppliers Rio Tinto Group, BHP Billiton Ltd and Cia Vale do Rio Doce this year. The three producers account for three-quarters of the global sea-borne iron ore trade. (People's Daily Online, China)
UK stocks surge in global rally Nov 17, 2009
In the UK, miners such as Rio Tinto and Xstrata surged as other commodity prices such as copper rose, and gold prices touched a new record. The UK's benchmark FTSE 100 index closed up 1. (BBC News -- Business)
Price rules in private equity refloats Nov 16, 2009
Rio Tinto has been sitting on lucrative bauxite leases in the Mitchell Plateau for decades, to the chagrin of many of its competitors. However, despite plenty of chatter in WA, the State Government has never forced Rio to relinquish the tenements even though they have yet to be developed. (Sydney Morning Herald -- Business)
FTSE 100 Index Advances for a Fourth Day; BHP, Rio Tinto Shares Lead Gains Nov 16, 2009
U.K. Stocks Climb for Fourth Day; BHP, Rio Tinto Lead the Gains - Bloomberg ... U.K. Stocks Climb for Fourth Day; BHP, Rio Tinto Lead the Gains ... BHP Billiton Ltd., the worlds largest mining company, Rio Tinto Group and Xstrata Plc rallied more than 2 percent as copper gained on the London Metal Exchange and gold climbed to an all-time high. (Bloomberg -- UK)
Stock futures signal gains; retail sales eyed Nov 16, 2009
8 percent, flirting with a 13-month high, driven higher by commodities-related shares such as Rio Tinto (RIO.L) and Xstrata (XTA.L). U.S. stocks rose in light volume on Friday to achieve a second straight week of gains as upbeat retail news reinforced hopes for strong sales in the key holiday season. (Yahoo News -- Press Releases)
Recap: Chicago vs. Real Salt Lake Nov 15, 2009
New York, which was switched over to the Western bracket, topped RSL at Rio Tinto last season. This time RSL was switched to the Eastern bracket and will represent the East in the championship match. (News & Observer -- Sports)
* Asian stocks gain as G20 maintains stimulus efforts Nov 15, 2009
BHP Billiton Ltd and rival Rio Tinto Group both jumped in Sydney amid speculation looser monetary policies will continue to sustain inflows of cash into equities. Tractor maker Kubota Corp soared 9. (Taipei Times, Taiwan -- World)
* European stocks gain for second week Nov 15, 2009
BHP Billiton Ltd and Rio Tinto Group led mining shares higher as Chinas industrial production and orders for Japanese machinery increased. Credit Agricole, Frances third-largest bank by market value, and Holcim Ltd, the worlds second-biggest cement maker, gained more than 7 percent. (Taipei Times, Taiwan -- World)
China: Assaying Newmont? Nov 14, 2009
7 billion after an unsuccessful run at mining giant Rio Tinto (). China's current No. 1 gold producer is China National Gold, accounting for 20% of the country's output. (BusinessWeek)
Stock Bull of Ireland O'Dwyer Buys BP, Rio Tinto to Bet on Faster Recovery Nov 14, 2009
chief investment officer at in Dublin, bought more shares in oil producers and and miners and Rio Tinto Group in the past year because hes optimistic of a strong recovery in economies worldwide ... 5 billion), started with Melbourne-based BHP Billiton, the worlds largest mining company, and smaller London-based rival Rio Tinto. (Bloomberg -- UK)
Asian stocks slip on oil, metals prices Nov 13, 2009
Rio Tinto, the world's third-biggest mining company, slipped 1. 3 per cent to $68. (Sydney Morning Herald -- Business)
* PRC extends probe into Rio Tintos Aussie executive Nov 13, 2009
PRC extends probe into Rio Tintos Aussie executive ... China has extended a probe into detained Rio Tinto mining executive Stern Hu (Jh) by two months, Australian officials said yesterday, calling for a quick resolution to the long-running case. (Taipei Times, Taiwan -- World)
Profit-taking trims weekly advance Nov 13, 2009
01 and Rio Tinto reversed 32 cents to $69. 52. (Sydney Morning Herald -- Business)
Sweet deal beckons for Brierley Nov 13, 2009
Fortescue is always talking about growth - and never about standing still - because that helps it maintain a price-earnings ratio more than twice that of BHP Billiton and Rio Tinto. As a bonus, promises of expansion prove a handy distraction from the fact that Fortescue has yet to meet its initial production targets after 18 months in operation. (Sydney Morning Herald -- Business)
Seoul mates in the great recovery Nov 13, 2009
Speaking with Matt Gurr and Jaewon Rim, Rio Tinto's representatives in Seoul, I got the feeling that there is some life being breathed back into the steel sector after a tough year for durables ... A high proportion of Australia's resources action is in ferrous metals (supplied by Rio Tinto) and LNG (led ably by Sean Rodrigues in Seoul) so recoveries in industrial production will help Australian exports in those key sectors. (Sydney Morning Herald -- Opinion)
China reaffirms principle of investigation of Rio Tinto case Nov 13, 2009
China reaffirms principle of investigation of Rio Tinto case - People's Daily Online ... China reaffirms principle of investigation of Rio Tinto case ... China will handle the Rio Tinto case according to Chinese law and the China-Australia Consular Agreement, Chinese Foreign Ministry spokesman Qin Gang said at a regular news briefing on Thursday. (People's Daily Online, China)
Briefing: Derivatives Nov 13, 2009
Earlier this year Rio Tinto s chief negotiator, Stern Hu, was arrested in China during hard bargaining over prices. And the futures ban has not stopped the price of onions from going up and down. (The Economist)
Citic Pacific's Aussie mine lines up Chinese buyers Nov 12, 2009
China is expected to use more iron ore in the next five years than Australia, the biggest exporter, has produced throughout its history, Rio Tinto Group said this month. The Asian nation's economic growth is projected to accelerate to 10. (Sydney Morning Herald -- Business)
Asian markets mostly down at midday Nov 12, 2009
Rio Tinto Group, the worlds third largest mining company, climbed 1. 8% in Sydney as metal prices advanced. (The Star Online, Malaysia)
Checketts selling half of team Nov 12, 2009
It s unclear how the money would be reinvested in the business, which includes the soccer team, Rio Tinto Stadium and. The proceeds could presumably be used to pay down debt, repay SCP s financial backers or invest in ancillary business ventures in the region. (St. Louis Business Journal, MO)
Mangia Wraps Up a Successful First Season at Rio Tinto Nov 12, 2009
SALT LAKE CITY, Nov. 11 /PRNewswire/ -- Mangia, the first stadium-wide, in-seat delivery service, wrapped up a successful first season on Saturday at Rio Tinto Stadium with Real Salt Lake ... "Our goal is to enhance the fan experience with RSLexpress and I certainly think we hit the mark at Rio Tinto," said Hal Widlansky, CEO of Mangia Technologies ... "The RSL Express service at Rio Tinto Stadium provided a simple, innovative and state-of-the-art solution for our fans," said John Kimball,... (Yahoo! Wire -- Entertainment News)
Rio in alliance with Chile's CODELCO Nov 12, 2009
Rio Tinto Ltd and Chile's state-owned copper mining company have entered into an alliance to jointly pursue `next generation' copper mining and processing technology development. Rio Tinto said in a statement on Thursday that it had teamed up with Corporacin Nacional del Cobre de Chile (CODELCO) to "pursue step change technology development in the areas of surface mining, underground mining and copper mineral recovery" ... "The aim is to deliver safer, more energy efficient and lower cost of... (Sydney Morning Herald -- Business)
China extends Rio Tinto probe 2 months: Australia Nov 12, 2009
China has extended an investigation of detained Rio Tinto mining executive Stern Hu by two months, Australian officials said Thursday, calling for a quick resolution to the long-running case ... Rio Tinto suspended the iron ore negotiations as diplomatic tensions soared between Canberra and Beijing. (Sydney Morning Herald -- World)
No quick resolve of Stern Hu case in sight Nov 12, 2009
China has extended by two months a commercial espionage investigation into Rio Tinto executive Stern Hu, Foreign Minister Stephen Smith said today, in comments that suggest no early resolution to a case that has strained ties. Mr Hu, an Australian, was formally arrested in August along with three Chinese executives from the Anglo-Australian miner. (Sydney Morning Herald -- Business)
* China, Australia trying to revive free-trade talks Nov 11, 2009
5 billion stake in mining company Rio Tinto, and Chinas arrest of Australian Rio executive Stern Hu (Jh) on corporate espionage charges ... Meanwhile, Rio Tinto said yesterday it was interested in collaborating with Chinalco, months after rejecting a massive cash injection from the state-owned Chinese firm ... We want the underlying common interests between Rio Tinto and China to once again drive us towards ever-deepening cooperation, Albanese added. (Taipei Times, Taiwan -- World)
Rio Tinto won't confirm Hu trial date Nov 11, 2009
Rio Tinto Ltd has declined to comment on reports that a trial date for detained executive Stern Hu is about to be set. ABC radio reported late on Wednesday that a trial date for Mr Hu, the managing director of Rio Tinto's Shanghai office and a member of its marketing team, could be set by that evening ... "No comment," a Rio Tinto spokesman told AAP.. (Sydney Morning Herald -- Australia)
FTSE 100 Index Advances; Rio Tinto, BHP Billiton Increase on Metals Prices Nov 11, 2009
U.K.s FTSE 100 Index Climbs; Rio Tinto, BHP Advance on Metals - Bloomberg ... U.K.s FTSE 100 Index Climbs; Rio Tinto, BHP Advance on Metals ... Rio Tinto Group, the third biggest, increased 2. (Bloomberg -- UK)
Norwood - Sorum wedding Nov 11, 2009
The groom is a mechanical technician for Rio Tinto Energy America at the Cordero Rojo Coal Mine near Gillette, where the couple resides. The Chetek Alert 2009. (Chetek Alert, WI)
Rio wants to work with spurned Chinalco: chief Nov 10, 2009
Anglo-Australian miner Rio Tinto said Tuesday it was interested in collaborating with Chinalco, months after rejecting a massive cash injection from the state-owned Chinese firm ... "We want the underlying common interests between Rio Tinto and China to once again drive us towards ever-deepening co-operation.". (Sydney Morning Herald -- World)
Bilfinger eyes $1b-plus IPO Nov 10, 2009
BHP Billiton chief executive Marius Kloppers and Rio Tinto executive Tom Albanese will together meet with Western Australias premier, Colin Barnett, in an attempt to placate authorities concerned about their proposed iron ore joint venture. Barnett, who has so far opposed the deal, will focus on issues such as royalties, stamp duty and rail access but has said royalties are the primary issue. (Sydney Morning Herald -- Business)
ADRs climb on G20's stimulus pledge Nov 10, 2009
The head of Rio Tintos iron ore division said on Monday Rio and BHP Billiton have not received any indications that the two mining giants will face regulatory issues in forming an iron ore production joint venture. Rio Tinto shares jumped 6 percent to $204. (India Times)
Sodexo Announces Both Revenue and Operating Profit Growth for Fiscal 2009 Nov 10, 2009
"In a particularly difficult environment, Sodexo again increased revenues and profits in Fiscal 2009 to a level in line with its objectives. Sodexo remains a growth company. Firmly focused on the future and the long term, we have continued during Fiscal 2009 to invest in the implementation of our strategy, including in our comprehensive offer, in training our teams, in recruiting new talents, in creating platforms of expertise in Facilities Management, and also in four acquisitions in France,... (Yahoo! Wire -- Entertainment News)
Online gambling firm in talks with rival Nov 10, 2009
Mining group Rio Tinto fell 24p to 18. 37 on continuing concerns it may call on shareholders to help reduce its debt by a promised $10bn by the end of this year. (Yahoo News -- Gambling & Lottery)
Caballo mine wins award for reclamation Nov 10, 2009
Rio Tinto Energy Americas Spring Creek mine in southeast Montana and Peabody Energys Caballo mine in Campbell County were two of four mines that received national reclamation awards for work on their post mined properties ... Rio Tinto spokesman Bob Green said the conservation of the rare species is not required in the mines reclamation plan, but was started in 2006 after an unusually good seed year for the rare plant. (Gillette News-Record, WY)
FTSE 100 Heads for Fourth Day of Gains; Rio Tinto, BHP Billiton Advance Nov 9, 2009
U.K.s FTSE 100 Heads for Fourth Day of Gains; Rio Tinto Climbs - Bloomberg ... U.K.s FTSE 100 Heads for Fourth Day of Gains; Rio Tinto Climbs ... Rio Tinto Group, the third biggest, added 2. (Bloomberg -- UK)
Orica Predicts Ninth Year of Profit Growth on Demand From Mining Companies Nov 9, 2009
Its customers include BHP Billiton Ltd. and Rio Tinto Group, the worlds No. 1 and No. 3 mining companies. This is a great result in both quantum and quality, Credit Suisse AG analysts and said today in a note to clients. (Bloomberg -- Australia & New Zealand)
BHP could return for Rio bid Nov 9, 2009
RIO Tinto Group still makes the "most sense" as a takeover target for the world's largest mining company, BHP Billiton, 11 months after BHP abandoned a bid, Citigroup says. "Rio is still the deal that makes most sense for BHP Billiton given the synergies, asset quality and growth options," Citigroup analysts led by London-based Johan Rode wrote in a note on Friday. (Sydney Morning Herald -- Business)
Rio hasn't heard EC objections to BHP JV Nov 9, 2009
Rio Tinto Iron Ore chief executive Sam Walsh says the mining giant has not heard of any objections from the European Commission to its proposed iron ore production joint venture with BHP Billiton Ltd in Western Australia's Pilbara region. The European Commission was a key stumbling block for BHP Billiton's unsuccessful attempt to takeover Rio Tinto about a year ago amid competition concerns. (Sydney Morning Herald -- Business)
Rio investors: It's mine... for now Nov 9, 2009
A lot has changed since BHP Billiton dropped its hostile scrip bid for Rio Tinto last November. For one thing, the relations between the rival miners have thawed considerably, as evidenced by the decision to proceed with an iron ore joint venture. (Sydney Morning Herald -- Business)
Stock futures point to gains after G20 Nov 9, 2009
5 percent in morning trade, led by financial institutions such as insurer Allianz () as well as commodity-related stocks like Rio Tinto (RIO.L) as metal and oil prices rose. On the earnings front, Electronic Arts (ERTS.O), Tesoro Corp. (TSO.N) and Rockwell Automation (ROK.N) featured among the few companies due to report results on Monday. (Yahoo News -- Press Releases)
Stocks trim weekly losses Nov 7, 2009
Close Australian shares surged, trimming the week's losses to about 1 per cent, as banks and miners rallied on rising optimism about the economy. The benchmark S&P/ASX200 index ended trading up 86 points, up 1. (Sydney Morning Herald -- Business)
RBA Says Australia's Economy to Grow Faster Than Forecast, Rate Will Rise Nov 7, 2009
and Rio Tinto Group boosted iron ore production to a record in the third quarter to satisfy rebounding Chinese demand for steel, which helped exports surge 5 percent in September. The Reserve Banks outlook is stronger than other nations. (Bloomberg -- Australia & New Zealand)
Come in spinner Nov 7, 2009
Along with mining and minerals giant Rio Tinto, Deripaska owns the Queensland alumina refinery in Gladstone, a plant that employs 1050 workers and each year churns out about 4million tonnes of alumina, a white grainy substance that is the essential ingredient in aluminium ... Rio Tinto's executives have also joined the fight against the Rudd Government's plans, along wi 00004000 th senior figures from the world's wealthy coal, gas, aluminium, and power companies ... It estimates that over the... (Sydney Morning Herald -- Australia)
Cazaly re-names Hamersley project Nov 6, 2009
Cazaly Resources Ltd has re-named its Hamersley project in Western Australia's Pilbara region after a feisty AFL footballer to distance the junior iron ore explorer from any association with its sparring partner Rio Tinto Ltd. ... The early-stage project was provisionally named Hamersley after the ranges in which it is nestled, but given that Rio Tinto owns the Hamersley iron ore unit, Cazaly sought a new moniker ... Mr McMahon also told reporters on Friday that Cazaly's bid to dislodge Rio... (Sydney Morning Herald -- Business)
RBA deputy says China fears overblown Nov 6, 2009
"However, most of these entailed only small projects and, by value, the share was less than 5 per cent. "The figures for 2008/09, while not yet available, are likely to be higher due to the approval of Chinalco's intended investment in Rio Tinto, though in the end that investment did not proceed. " Mr Battellino said investment in Australia by Asian countries, whether measured in terms of the stock outstanding or the flow of new investment, remained small in comparison to the United States, and... (Sydney Morning Herald -- Business)
A not-so-merry Christmas Nov 6, 2009
When it signed its iron ore joint venture with Rio Tinto in June, BHP Billiton agreed the pair would switch over to Rios owner-operator model rather than the BHP model of relying heavily on contractors. Rio uses contractors for construction projects and short-term projects at its mines, but prefers to have its own workforce and equipment. (Sydney Morning Herald -- Business)
Australian Exports Jump Most in 11 Months, Underpinning Growth, Rate Rises Nov 5, 2009
and Rio Tinto Group boosted iron ore production to a record in the third quarter to satisfy rebounding Chinese demand for steel. Central bank Governor will increase the benchmark interest rate Dec. 1 by a quarter percentage point for a third straight month to 3. (Bloomberg -- Australia & New Zealand)
How does Fitzpatrick keep those balls in the air? Nov 5, 2009
A seat on the Rio Tinto board, chairmanship and Treasury Group and ANZIS, which owns ANZ Stadium, director of Port of Hedland Holdings and Airstralia Development, owner of winery Squitchy Lane, a charity gig with the Walter & Eliza Hall Institute one wonders how he fits it all in. So, too, does Treasury Group founder Michael de Tocqueville, who left the company's board seven years ago, but still holds about 2 per cent of the listed fund manager. (Sydney Morning Herald -- Business)
Shares tread water as investors turn choosy Nov 4, 2009
94, while Rio Tinto ended up 62 cents, or 1 per cent, at $63. 43. (Sydney Morning Herald -- Business)
Rio's Cloud Peak Coal Unit Said to Seek $1 Billion in IPO, Bond Offering Nov 4, 2009
Nov. 4 (Bloomberg) -- Rio Tinto Groups coal unit may raise about $1 billion from an initial public offering in New York and a bond offering, said two people familiar with the matter. The unit may sell $500 million of bonds, and $500 million of shares, said the people, who declined to be identified because the details of the fundraising havent been published. (Bloomberg -- Australia & New Zealand)
Paladin's uranium target in doubt Nov 4, 2009
Paladin Energy has always benefited from being a fairly unique investment proposition the only Australian-listed uranium producer that is independent of BHP Billiton and Rio Tinto ... The official resurrection of Rio Tinto's sale of the Northparkes copper-gold mine in NSW - expected to fetch in the neighbourhood of $US1 billion ($1. (Sydney Morning Herald -- Business)
Rio Tinto seeking $US1b for coal unit Nov 4, 2009
Rio Tinto Group's Cloud Peak Energy coal unit may raise about $US1 billion ($1. 1 billion) from an initial public offering in New York and a bond offering, said two people familiar with the matter. (Sydney Morning Herald -- Business)
WAN says circulation on the up Nov 4, 2009
This included ratifying the appointment of Woodside Petroleum Ltd chief executive Don Voelte and Rio Tinto Iron Ore chief executive Sam Walsh to the WAN board as independent non-executive directors. AAP. (Sydney Morning Herald -- Business)
› Eskom's tariff tensions Nov 3, 2009
The announcement by Eskom of its tariff application was followed by an announcement by mining company, Rio Tinto, that it was scrapping its plans to build an aluminium smelter at Coega the Eastern Cape industrial development zone that includes the new port of Ngqura. Unable to afford huge power hikes. (iAfrica.com)
Rio Tinto softens stance on ore talks Nov 3, 2009
BEIJING, Nov. 3 -- Rio Tinto, the world's second-largest iron ore miner, has softened its stance regarding iron ore prices to Chinese steel mills, with negotiations just around the corner and both sides trying to test how far the other would bend in the crucial talks. Tom Albanese, Rio's chief executive, said in London on Friday that he would seek to mend relations with China: "I made a personal commitment to ensure that our relationship with China is restored to a sound footing, and I was most... (Xinhuanet, China)
Direct property market drying up Nov 3, 2009
For all of the recent talk in the market about the possibility of Rio Tinto abandoning its proposed iron ore joint venture with BHP Billiton, Rio's management team yesterday could not have made it clearer to investors and analysts that it was committed to the deal. I think they were emphatic [about sticking to the deal],'' one fund manager told Insider after Rio's investor presentation and lunch in Sydney yesterday. (Sydney Morning Herald -- Business)
Court stayers ply sprint tactic to see the cup Nov 3, 2009
BHP Billiton and Rio Tinto are battling Fortescue over access to four rail lines in the Pilbara. This has eaten through 19 sitting days and, keen to complete testimony, the tribunal is working longer hours than normal. (Sydney Morning Herald -- Business)
Iron ore talks with China remain in limbo Nov 2, 2009
Rio Tinto, the worlds second- largest iron ore exporter, says China may use a new pricing mechanism for contracts in 2010 after annual talks broke down this year with the top importing nation ... Tension between China and Rio soared after Chinese authorities arrested four of Rio Tintos iron ore executives, including Australian Stern Hu, for allegedly stealing commercial secrets and bribery ... Mining giant Rio Tinto has warned that cheap coal from Mongolia as well. (Sydney Morning Herald -- Business)
Rio Tinto warns on cheap Mongolian coal Nov 2, 2009
Rio Tinto issues wake-up call on cheap Mongolian coal ... Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could undermine export markets for the Australian commodity ... Rio Tinto chief executive Tom Albanese said he knew the leader of an energy company who likened opportunities in Mongolia to a religious experience. (Sydney Morning Herald -- Business)
