at the very Core of it all … is Content!
Rio Tinto has appointed Andrew Harding as Iron Ore chief executive, replacing Sam Walsh who became Rio Tinto chief executive in January 2013. Andrew’s successor as Copper chief executive is Jean-Sebastien Jacques, formerly Copper president, International Operations. He will join the Executive Committee. Both appointments take effect today. Sam Walsh said “These two appointments strengthen …
Rio Tinto chief executive Sam Walsh said “Today I am setting out how we can build on our strengths and improve this great company. Under my leadership, Rio Tinto will have an unrelenting focus on pursuing greater value for shareholders. To do this we need to run the business as owners not managers and my …
Pacific Aluminium’s alumina refinery in Nhulunbuy will continue operating as planning, approvals and delivery of the gas to Gove project progresses. Rio Tinto’s decision follows a commitment from the Northern Territory Government to release a portion of its contracted gas for on-sale to Gove refinery. Pacific Aluminium is advancing plans for conversion from heavy fuel …
Rio Tinto welcomes the Australian Competition Tribunal’s decision that its Hamersley and Robe rail lines should not be opened up to other users. Rio Tinto Iron Ore acting chief executive Paul Shannon said “This is great news. Rio Tinto runs a highly efficient railway that is fully integrated with our port and mine operations. This …
Just when the Indian steel industry was beginning to pat itself on the back, having secured the steepest growth rate in the world, it has been slapped into mourning by a devastating piece of news. Queensland floods have forced Xstrara to declare force majeure. Considering the fact that Queensland produces about two thirds of the …
Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion (post tax) in its 2012 full year results. These impairments include an amount of approximately US$3 billion relating to Rio Tinto Coal Mozambique (RTCM), as well as reductions in the carrying values of Rio Tinto’s aluminium assets (mostly Rio Tinto Alcan (RTA) …
Rio Tinto chief executive Tom Albanese said “This was another year of strong operational performance across the Group. We achieved record annual iron ore production and shipments as our expansion programme continues on schedule, delivering industry leading returns for our shareholders. Our copper, bauxite, alumina, thermal coal and titanium dioxide businesses all delivered substantial production …
January 11, 2013 – Rio Tinto’s iconic Argyle pink diamonds are the focus of celebrations in Jaipur, capital of the Indian state of Rajasthan. Known as The Pink City, Jaipur was the fitting location to contest the inaugural Argyle Pink Diamond Cup, a polo match between the Royal Jaipur Polo team and the Western Australian …
Rio Tinto has reached a binding agreement to sell its 57.7 per cent effective interest in Palabora Mining Company Limited (Palabora) for US$373 million. The purchaser is a consortium comprising South African and Chinese entities led by the Industrial Development Corporation of South Africa Limited and Hebei Iron & Steel Group, who are committed to …
The inaugural diamond jewellery collection from Rio Tinto’s developing Bunder diamond project in India has been showcased on the red carpet at Mumbai’s famous Liberty Cinema. Australian-born Indian actress Pallavi Sharda wore the magnificent diamond jewellery earrings and necklace, known as Courageous Spirit, to the premiere of Fearless Nadia, in celebration of 100 years of Indian cinema. The Courageous …