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  • Canadian union Unifor starts strike at Rio Tinto operations Jul 25, 2021 09:17 PM IST

    Canadian union Unifor starts strike at Rio Tinto operations

    Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to workers' retirement benefits and unresolved grievances.

  • Rio Tinto CEO, senior executives resign over destruction of ancient Aborginal site Sep 11, 2020 12:30 PM IST

    Rio Tinto CEO, senior executives resign over destruction of ancient Aborginal site

    Rio Tinto faced a growing investor revolt over the destruction of the sacred site in the Juukan Gorge in Western Australia's remote Pilbara region -- one of the earliest known locations inhabited by Australia's indigenous people.

  • Vedanta, Adani may bid for $9 billion Indian diamond mine left by Rio Oct 27, 2017 08:02 AM IST

    Vedanta, Adani may bid for $9 billion Indian diamond mine left by Rio

    The central state of Madhya Pradesh was likely to invite bids in the first week of November to explore the deposit, which is estimated to hold around 32 million carats of diamonds, a senior state government official said.

  • Rio Tinto to increase share buybacks by $2.5 billion Sep 22, 2017 08:30 AM IST

    Rio Tinto to increase share buybacks by $2.5 billion

    The action raises the world no.2 miner's total buybacks this year to $4 billion following announcements in February and August, as miners benefit from recovering prices and costs reduced by years of cutbacks. Investors have been pressing for greater returns.

  • Rio Tinto fires two top executives over Guinea payments Nov 17, 2016 10:19 AM IST

    Rio Tinto fires two top executives over Guinea payments

    There is no suggestion that the officials or consultant acted illegally. But emails detailing payments, which involve two former Rio Tinto chief executives, are a blow to a group that has campaigned for transparency even in complex countries and in projects as tough as Guinea's USD 20 billion Simandou mine.

  • India delays plans to open up coal sector to private firms Mar 14, 2016 02:52 PM IST

    India delays plans to open up coal sector to private firms

    The world's third-largest coal importer wants private companies to contribute about a third of an annual production target of 1.5 billion tonnes by 2020, but the hold up in opening the sector to non-government companies for the first time in over 40 years may mean India will fall well short of that mark.

  • Asia markets mostly higher despite Wall Street selloff Jan 21, 2016 11:01 AM IST

    Asia markets mostly higher despite Wall Street selloff

    "2016 should end much better than it has started off for investors, ultimately providing okay investment returns, but expect a continued volatile ride," Shane Oliver, head of investment strategy at AMP Capital, said in a note Thursday.

  • China shares tumble in late trade as Asia markets sell off Jan 11, 2016 04:30 PM IST

    China shares tumble in late trade as Asia markets sell off

    The Shanghai composite tumbled 168 points, or 5.29 percent, to 3,017.99, while the Shenzhen composite plunged 130.61 points, or 6.6 percent, to close at 1,848

  • Mines Ministry to float tenders for aerial survey Sep 24, 2015 08:04 PM IST

    Mines Ministry to float tenders for aerial survey

    The move comes in the backdrop of government's plans to encourage mines exploration in the country, which has so far not been able to attract private participation on account of lack of policy bottlenecks as well as favourable business opportunities.

  • Watch: Metal stocks to be in focus today Sep 23, 2015 09:45 AM IST

    Watch: Metal stocks to be in focus today

    Stocks that are in Limelight: Bharat Heavy Electricals, Vedanta Resources, Glencore, Anglo American, KAZ Mineral, BHP Billiton, Rio Tinto, United Spirits, Larsen and Toubro, Visa Steel, Sterlite Technologies, Concord Drugs, Tide Water Oil, Maruti Suzuki India, Motherson Sumi Systems.

  • Vedanta hires former Anglo American CEO Cynthia Carroll Sep 16, 2015 09:39 PM IST

    Vedanta hires former Anglo American CEO Cynthia Carroll

    Carroll, who sits on the board of oil major BP, will join as the chairwoman of Vedanta Resources Holdings Ltd, in an advisory role.

  • Need government support to check iron ore imports: NMDC Sep 16, 2015 10:55 AM IST

    Need government support to check iron ore imports: NMDC

    On challenges, the report said increasing regulatory pressure, uncertainty on mine allotments after passing of the MMDR Amendment Act, 2015, along with increased competition and growing threat from imports of iron ore are some of the issues that may impact the company's performance.

  • Aus to boost cos to participate in mines auction in India Sep 03, 2015 02:27 PM IST

    Aus to boost cos to participate in mines auction in India

    The topic was discussed in a meeting held yesterday between Steel and Mines Minister Narendra Singh Tomar and his Australian counterpart, Minister for Industry, Science and Resources Ian Macfarlane, an official statement said on Thursday.

  • Coal prices fall to 12-yr lows on weak China, India demand Aug 19, 2015 09:26 AM IST

    Coal prices fall to 12-yr lows on weak China, India demand

    Benchmark API2 2016 coal futures last settled at USD 52.85 a tonne, a level not seen since November 2003

  • Cairn India merger not for refinancing debts: Vedanta CEO Jul 24, 2015 02:36 PM IST

    Cairn India merger not for refinancing debts: Vedanta CEO

    Mining baron Anil Agarwal-run Vedanta Ltd on Friday said itsmerger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.

  • India, Aus bizmen to discuss ways to boost trade Jun 22, 2015 08:04 AM IST

    India, Aus bizmen to discuss ways to boost trade

    Australian Trade and Investment Minister Andrew Robb, who is here for a three-day visit, will also attend the Australia-India CEO Forum. The co-chairs of the forum are Rio Tinto CEO Sam Walsh and Adani Group Chairman Gautam Adani.

  • Citigroup cuts iron ore forecast to $55 as demand shrinks May 27, 2015 11:17 AM IST

    Citigroup cuts iron ore forecast to $55 as demand shrinks

    IRONORE-CITIGROUP-FORECAST:Citigroup cuts long-term iron ore forecast to $55 as demand shrinks

  • Hindalco's Novelis ousts CEO, surprising investors Apr 21, 2015 08:04 AM IST

    Hindalco's Novelis ousts CEO, surprising investors

    The abrupt departure over the weekend of Martens, a former Ford executive who took over the role in 2009, comes as Novelis has successfully positioned itself as a key supplier of flat rolled aluminum products to the automotive industry, where demand for the lighter metal is burgeoning as automakers seek to design more energy-efficient vehicles.

  • Citigroup sees iron ore falling below $40 on supply Apr 13, 2015 11:52 AM IST

    Citigroup sees iron ore falling below $40 on supply

    Spot iron ore has lost 60 percent over the past 12 months, dropping below USD 50 a tonne this month for the first time since a key index pricing began in 2008, amid a glut as mega miners Vale, Rio Tinto and BHP Billiton expanded production.

  • Rio Tinto defies commodity rout with big payout Feb 12, 2015 04:00 PM IST

    Rio Tinto defies commodity rout with big payout

    Walsh and Chief Financial Officer Chris Lynch did not make any promises about further buybacks a year from now, but said the company should have enough flexibility to consider one.

  • As India opens up coal sector, global cos cool on investing Feb 03, 2015 08:58 AM IST

    As India opens up coal sector, global cos cool on investing

    Indian conglomerates such as the Adani Group and GVK are expected to bid for coal blocks, but foreign firms will be harder to attract after previously facing obstacles to investing.

  • Why iron ore won't rebound any time soon Jan 27, 2015 02:21 PM IST

    Why iron ore won't rebound any time soon

    "The combination of a further increase in global iron ore supply this year and only subdued demand growth suggests iron ore prices will continue to drift lower," said Caroline Bain, an analyst at Capital Economics, in a note Monday.

  • Still working on merger plan for Sesa, HZL & Cairn: Vedanta Jan 23, 2015 08:16 PM IST

    Still working on merger plan for Sesa, HZL & Cairn: Vedanta

    Anil Agarwal, group chairman, Vedanta Resources told CNBC-TV18‘s Menaka Doshi that the company wants to create an Indian natural resources giant, which can compete with the likes of Rio Tinto.

  • Rio Tinto to invest $500 mn in MP diamond project Jan 12, 2015 08:43 PM IST

    Rio Tinto to invest $500 mn in MP diamond project

    Global mining giant Rio Tinto today said it is planning to invest USD 500 million in a diamond project in Madhya Pradesh, while it would create 30,000 jobs in diamond cutting business in India.

  • Cairn & HZL merger into Sesa: Is this the right time? Jan 12, 2015 04:28 PM IST

    Cairn & HZL merger into Sesa: Is this the right time?

    Reports say that mining baron Anil Agarwal is mulling merging Cairn and Hindustan Zinc into his flagship Vedanta Group firm Sesa Sterlite to create a global natural resources giant to rival Rio Tinto or BHP Billiton.

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