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Rio Tinto News

21 Sep 2017

Anil Agarwal to boost Anglo American stake, invest $2 billion

De Beers, the world's leading diamond exploration, mining and marketing company, producing over 30 million carats of diamonds per annum, 35 per cent of global rough diamond production.

Mongolian People`s Party

30 Jun 2016

Mongolia's opposition MPP sweeps back to power on country's economic woes

The main opposition Mongolian People's Party swept back to power in parliamentary elections.

19 Oct 2015

Robot trucks now operating at Rio Tinto

Rio Tinto now has 69 driverless trucks operating 24 hours per day, estimating a saving of 500 work hours per truck per year.

06 Aug 2015

Rio Tinto earnings sink on metals price plunge, deepens capex cuts

Global miner Rio Tinto on Thursday posted sharply lower first-half profits on sliding metal prices and pledged $1 billion in cost cuts this year.

16 Apr 2015

Rio Tinto bets on cloud to make IT count, ropes in Accenture

Global mining major Rio Tinto will move its core IT systems to cloud computing to cut costs as well as enable innovation, and has roped in consultancy firm Accenture for this purpose.

Odisha government

25 Feb 2015

Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco

The Odisha government has decided to scrap joint venture agreements with global major Rio Tinto, Vedanta Group firm Sesa Sterlite and Aditya Birla Group-owned Hindalco Industries, an official said Wednesday.

18 Jan 2015

Rio Tinto working on MP diamond mine plan for $500 mn proj

Global mining giant Rio Tinto is working on the mine plan and necessary regulatory clearances for its USD 500 million diamond project in India which, when executed, is expected to bring Madhya Pradesh in the top ten diamond producing regions in the world.

12 Jan 2015

Rio Tinto to invest $500 mn in MP diamond project

He said the company is waiting for environment approvals from the the government for the project.

11 Jan 2015

Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal

Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.

26 Oct 2014

ICVL to invest $500 million in its Mozambique coal mines

ICVL is also looking to appoint a full-time official with rich experience in coal mining to head the operation of the Mozambique mines to turn them into a profitable venture.

07 Oct 2014

Rio Tinto rejects Glencore's merger bid

Global mining major Rio Tinto on Tuesday said it has rejected merger bid from diversified natural resource company Glencore.

17 Aug 2014

SAIL-RINL-NMDC to form SPV to buy Rio Tinto Mozambique assets

Consortium members of International Coal Ventures Ltd - SAIL, RINL and NMDC - will form a special purpose vehicle to buy Rio Tinto's Mozambique coal mines as other partners NTPC and Coal India are not keen on taking part in ICVL's maiden deal announced last month.

Anglo-Australian mining

07 Aug 2014

Rio Tinto more than doubles H1 net profit to $4.4 bn

Anglo-Australian mining giant Rio Tinto said Thursday it more than doubled its first-half net profit to US$4.4 billion, as it continued a cost-cutting programme and wound back its net debt.

Australian mining

01 Aug 2014

India group ICVL to nearly triple coal output from mine bought from Rio Tinto

Rio Tinto said on Wednesday it would sell the Benga mine and other projects in Tete province it bought via a $4 billion acquisition of Riversdale Mining in 2011 for just $50 million to the group.

30 Jul 2014

Rio Tinto sells Mozambique coal assets

A consortium of Indian state-run companies -- International Coal Ventures -- will take over the mines, and the deal will be finalised in the third quarter of this year.

Australian mining

30 Jul 2014

ICVL to buy Rio Tinto's coal assets in Mozambique for $50 mn

The acquisition will be the first of ICVL since its inception in 2009.

01 Jul 2014

ICVL likely to submit $200 mn bid for Rio Tinto Mozambique

The mines have estimated reserves of around 200 million tonnes of both coking and thermal coal.

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