Tag: RIO

Rio Tinto has made a $US38.1 billion ($A44.2 billion), $US101 per share cash offer for Canadian aluminium group, Alcan, in the biggest takeover yet seen in the worldwide resources industry.

Up one day, down the next, there’s nothing like the craziness of a stockmarket showing signs of overheating.

Just as China is driver for the boom, the only dampener is, surprisingly China.

Rio Tinto gave its British shareholders a very upbeat assessment of its outlook, especially in iron ore, copper and uranium, at last Friday’s Annual General Meeting for the plc company in London.

Rio Tinto remains confident that China’s seemingly insatiable demand for minerals and other commodities will continue.

A solid result from Rio Tinto Group, the world’s third-largest mining company with full-year profit rising 43 per cent to a record $US 7.44 billion (around $A9.6 billion)