at the very Core of it all … is Content!
Rio Tinto chief executive Sam Walsh said “Against a highly challenging environment, Rio Tinto delivered a strong performance in 2015 with underlying earnings of $4.5 billion. We continued to take decisive action to preserve cash through further cost reductions, lower capital expenditure and the release of working capital. This focus on cash resulted in operating …
Rio Tinto has reached a binding agreement for the sale of its Mount Pleasant thermal coal assets to MACH Energy Australia Pty Ltd for US$224 million plus royalties1. With the recently announced binding agreement for the sale of Rio Tinto’s interest in the neighbouring Bengalla coal Joint Venture, this amounts to US$830 million of agreed …
Rio Tinto chief executive Sam Walsh said “Against a challenging market backdrop for the industry, Rio Tinto remains focused on operating and commercial excellence to leverage the low-cost position of our Tier 1 asset base. In 2015, we delivered efficient production, meeting our targets across all of our major products, while rigorously controlling our cost …
The development of the Oyu Tolgoi underground mine in Mongolia took an important step forward today with the signing of a US$4.4 billion project financing agreement. Oyu Tolgoi has secured Project Finance for the underground mine development with funding by international financial institutions and export credit agencies representing the governments of the United States, …
Rio Tinto will expand output from one of the world’s premier bauxite deposits following approval of the $1.9 billion Amrun project. Amrun involves the construction of a bauxite mine and associated processing and port facilities on the Cape York Peninsula in north Queensland. The planned initial output is 22.8 million tonnes a year1, replacing production …
26 October 2015 NazraanaTM, Rio Tinto Diamonds brand initiative for India has been brought to jewellery lovers of Hyderabad by leading retail chain PC Jewellers. The exquisite NazraanaTM collections were unveiled by well-known and elegant socialite Pinky Reddy at a launch event held at PC Jewellers store at Punja Gutta, Hyderabad. Inspired by various elements …
Rio Tinto chief executive Sam Walsh said “We continue to deliver efficient production, rigorous cost control and sound allocation of capital. This approach is ensuring that our tier one assets generate substantial free cash flow even during a challenging economic environment. Our expanded Pilbara infrastructure is in place, and the Iron Ore Product Group is …
Rio Tinto Diamonds launched a dedicated Nazraana™ store with the trusted house of Lagu Bandhu Jewellers, Dadar, Mumbai. The exclusive store was inaugurated by leading Marathi film actor, Urmila Kanetkar who unveiled Nazraana’s™ wide range of new designs for the coming festive season. Inspired by various facets of Indian culture, Nazraana™ jewellery collections are the …
In its continuing efforts to change the face of Indian jewellery retail through its flagship Indian brand initiative, NazraanaTM, Rio Tinto is conducting a series of retail training workshops in selected Indian cities. The workshops, conducted by industry experts Shivram of Retail Gurukul and Samit Bhatta of Retail Jeweller, are specially designed training modules designed …
Rio Tinto has reached a binding agreement for the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation Limited for US$606 million1. Bengalla is the smallest of three coal mines in the Hunter Valley of New South Wales in which Rio Tinto holds an interest, …