Home
Colin Bennett's Library tagged → View Popular
FT.com - Chinalco set to quit $19.5bn Rio deal
Chinalco is set to walk away from a $19.5bn deal with Rio Tinto following weeks of wrangling over the terms of the transaction, in a dramatic U-turn that sent shares in the Anglo-Australian miner sharply lower.
Copper Mine Supply Could Lag Demand Growth - Macquarie
SINGAPORE -(Dow Jones)- Copper mine supply could struggle to match forecast demand growth in the period to 2013, Macquarie Bank said in a report dated Tuesday.
The bank said copper demand was expected to be 4 million metric tons higher in 2013 than 2009, implying that a significant number of new mine projects will need to come onstream to balance the market.
Hopes of new BHP approach puts Rio on positive footing
Rio Tinto gained ground -yesterday as brokers gave credence to hopes of a new proposal from BHP Billiton .
Rio 'committed to Chinalco'
Jan du Plessis, Rio Tinto's new chairman, said the completion of Chinalco's proposed $19.5bn (£13.4bn) capital investment in the Anglo-Australian mining group would be his priority as he took over from outgoing chairman Paul Skinner.
Metal Stocks Will Soar in Second Half: Rio Tinto CEO - video
According to Tom Albanese, CEO of Rio Tinto, metal stocks will see a boost in the second half of 2009.
“We’re beginning to see some of the infrastructure-driven stimulus plan in China and in the U.S. playing into steel, aluminum, copper demand and other materials that [Rio Tinto [RTP 134.06 1.06 (+0.8%) ]] would produce,” Albanese told CNBC.
Regulator clears Chinalco stake in Rio Tinto
Australia's competition regulator has cleared Chinalco's planned $19.5bn investment in Rio Tinto, ruling that the transaction was unlikely to "unilaterally decrease global iron ore prices below competitive levels".
Rio's $19.5bn Chinalco deal only option unless markets improve by the summer
Rio Tinto's proposal to raise $19.5bn from Chinalco is seen by the mining group's board members and shareholders as an "option" to follow if there are no superior alternatives in the next three months, according to some Rio shareholders.
Rio Tinto chief economist expects rough year for commodity prices
Global miner Rio Tinto expects 2009 to be a rough year in terms of both prices and volumes for key commodities, the firm's chief economist said on Wednesday
Rio Tinto Board Recommends Formation of Aluminium, Copper and Iron Ore Joint Venture
The Boards of Rio Tinto plc and Rio Tinto Limited (together "Rio Tinto") announce today that they are unanimously recommending to shareholders a transaction with Aluminium Corporation of China ("Chinalco"), a leading Chinese diversified resources company. The transaction will forge a pioneering strategic partnership through the creation of joint ventures in aluminium, copper, and iron ore as well as the issue of convertible bonds to Chinalco, which would, if converted, allow Chinalco to increase its existing shareholding in Rio Tinto.
Chinalco to play key role in any Rio development
The big question now is what happens to Rio Tinto. Chinalco, the Chinese miner that bought a seat at the dealmaking table in February with an audacious dawn raid of Rio shares, will play a key role.
Asia-Pacific - BHP walks away from $62bn Rio bid
BHP Billiton on Tuesday abandoned its year-long pursuit of Anglo-Australian mining rival Rio Tinto, saying the bid was no longer in the best interests of shareholders amid the “continued deterioration of near-term global economic conditions”.
Rio Tinto bullish on mining prospects in India
Australian mining major Rio Tinto today said it was bullish on mining prospects in India and is looking into opportunities in eight states in the country
FT.com / Home UK / UK - Brussels outlines objections to BHP takeover of Rio
The European Commission yesterday issued its statement of objections to BHP Billiton's proposed $79.5bn (£49.3bn) hostile takeover of mining rival Rio Tinto, with the main competition barriers thought to be in the iron ore market.
BHP takeover of Rio Tinto approved in South Africa
South Africa's competition authorities have recommended approval of BHP Billiton's takeover of mining rival Rio Tinto
"Chinese aluminium producers are now making operating losses"
Mr Albanese said there had been a marked reduction in Chinese commodity demand from the overheated levels of 2007 and added that the “vast majority of Chinese aluminium producers are now making operating losses.”
Third quarter 2008 operations review - Rio Tinto
"In the near term, the Chinese economy is pausing for breath. China is not completely insulated from an OECD recession and we will see an impact on Chinese exports. However, the near term slowdown of growth is substantially due to tightening of monetary policy introduced by the Chinese government last year in order to tackle inflation. Furthermore, we expect third quarter economic data to show an exaggerated slowdown, reflecting the postponement of projects during the Olympics. Looking further out, Chinese GDP will remain largely driven by the domestic economy and we expect industrialisation and urbanisation to continue apace with strengthening demand across a range of Rio Tinto products.
Morningstar - Dow Jones & Company, Inc.: Chinese Copper Demand Will Moderate, Not Disappear -Rio Tinto
LONDON -(Dow Jones)- Chinese demand for commodities, and copper in particular, won't disappear but will moderate in the near term, Bret Clayton, chief executive of copper at Rio Tinto PLC (RTP) said Wednesday.
Selected Tags
Related Tags
Sponsored Links
Top Contributors
Groups interested in rio
-
Santander Rio
Items: 6 | Visits: 7
Created by: Jassu s
-
laserficherio
Rio is Enterprise Content M...
Items: 2 | Visits: 1
Created by: devi tuls
Highlighter, Sticky notes, Tagging, Groups and Network: integrated suite dramatically boosting research productivity. Learn more »
Join Diigo