Tag: RIO

Rio Tinto’s 33% rise in 2009 earnings was well anticipated by the market.

For big mining companies like Rio Tinto and BHP Billiton, the future lifeblood is a combination of their exploration and corporate work: finding things on their own, being approached by other companies with deals, or doing acquisitions.

Rio Tinto has signed a joint venture agreement with Chilean firm CODELCO for copper exploration in Chile.

Judging by the stockmarket treatment of Rio Tino and BHP shares yesterday, both are trading ex the proposed BHP takeover of around $US150 billion worth of paper.

Rio Tinto continued to impress the markets with its performance, hitting a record on its output.

According to the Sunday Express in Britain, Rio Tinto (RIO) is believed to be considering making a takeover bid for Canadian uranium explorer Xemplar Energy, which has discovered deposits in Namibia.

Save us from the cowboys in the Chinese business community.

Rio Tinto says it will lift this year's dividend 30% and spend $US3 billion on iron ore and diamond mines as it defends itself against the unwanted approach from BHP Billiton.

Rio Tinto Group is moving to mop up the rest of Alcan's issued capital after emerging with a 90.2% stake in its $US38.1 billion offer.

Not the most positive start to the 2007 earnings season with mining giant Rio Tinto revealing a disappointing 14.3% drop in first half net profit, thanks to higher cost pressures and lower returns from copper and coal.

Rio Tinto is probably looking at higher earnings after revealing that iron ore production rose to record levels to meet strong demand from steelmakers, especially in China.

Investors around the world have a lot to thank Rio Tinto for.