Rio Tinto

Trott, 50, takes on the role after Rio sought a leader with more mining experience to focus on portfolio growth. Rio has many expansions in the pipeline, including a $13 billion splurge on iron ore, a range of new lithium projects, and plans to keep growing in copper.

Rio Tinto partners with Indian firm to explore low-carbon aluminium project

The potential development could see up to 1 million tonnes per annum (mtpa) of primary aluminium smelting and 2 mtpa of alumina production

Rio Tinto to become third-largest lithium producer with $6.7 bln Arcadium buy

Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said.

Rio Tinto reaches historic agreement with Juukan Gorge group

The two groups are in advanced talks about a co-management of mining agreement, the Puutu Kunti, Kurrama and Pinikura (PKKP) said.

Rio Tinto tempers annual iron ore shipments outlook as demand weakens

Rio has been battling with a surge in production costs, while iron ore prices are on track to end 2022 at their lowest in the last three or four years, as China and Europe cut steel output amid mounting pressure from additional supply.

Rio Tinto CEO Jakob Stausholm says copper outlook ‘challenged’ in near term

“The short-term outlook might look a little bit challenged,” Rio Tinto Plc Chief Executive Officer Jakob Stausholm said in an interview at Bloomberg Headquarters in New York.

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

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

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

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

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 may auction diamond mine abandoned by Rio Tinto

The Bunder deposit, about 500 km (300 miles) southeast of New Delhi and discovered by Rio Tinto in 2004, is estimated to contain about 27.4 million carats of diamonds potentially worth billions of dollars.

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

"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

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

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

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

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

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

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

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

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

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

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

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.