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
- Diverging markets - 18 May 2012 12:41pm
Whether the glass is half full, or half empty, can depend on your mood, which is perhaps why the metal known as Dr Copper is sending signals which please both the optimists and pessimists in the world of mining. Read more... - Monadelphous awarded contracts - 17 May 2012 11:55am
Engineering group Monadelphous Group has been awarded two new construction contracts with a combined value of approximately US$149 million Read more... - Rio Tinto more confident than 6 months ago, yet sees volatility continuing - 11 May 2012 12:31pm
Rio Tinto is more confident about the outlook than it was six months ago even though it anticipates volatility continuing in the short term, the diversified producer said in its annual general meeting this week Read more... - Diavik 1Mt advance - 04 May 2012 2:31pm
Rio Tinto said it had mined 1Mt of ore from its Diavik mine in Canada’s Northwest Territories, as the project advances towards wholly-underground production later this year Read more... - Rio Tinto appoints Ivanhoe management - 02 May 2012 2:46pm
Kay Priestly, former chief financial officer of Rio Tinto’s copper division, has been appointed as chief executive of the company’s majority-owned Ivanhoe Mines, after the two companies agreed a funding deal worth US$3.3 billion for Ivanhoe’s Oyu Tolgoi copper project in Mongolia. Read more... - Labour federations launch anti-Rio campaign - 27 Apr 2012 1:41pm
Two global labour federations have called on their constituent unions to launch a campaign against Rio Tinto, alleging poor employment practices in the wake of an on-going dispute at the company’s Alma smelter in Canada Read more... - Rio Tinto, iGATE Patni open Indian research centre - 25 Apr 2012 9:55am
Rio Tinto and iGATE Patni have opened a state-of-the-art innovation centre in Pune, India, to support global growth and development of Rio Tinto’s Mine of the Future programme Read more... - Ausenco scoops three EPCM contracts - 25 Apr 2012 9:54am
Ausenco won three new EPCM contracts, which expands the company’s reach across Canada and into West Africa Read more... - Fit for work - 25 Apr 2012 9:54am
Mining companies have realised that watching workers’ waistlines can be good for their bottom line. One miner’s health and wellness coordinator has taken this workplace health approach to extremes, discovers Brooke Showers Read more... - Vale, Rio Tinto, BHPB iron-ore production hit by bad weather - 20 Apr 2012 12:40pm
Vale SA, Rio Tinto and BHP Billiton all reported lower iron-ore production in the quarter to end March, versus the preceding three months, due to adverse weather conditions 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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