Rio-BHP venture in SA gets new MD, McRae moves to Oyu Tolgoi

South Africa's Richards Bay Minerals (RBM), joint-venture company between BHP Billiton and Rio Tinto, on Friday said that Dr Elaine Dorward-King would replace Cameron McRae as MD of the company in December. McRae will leave RBM to become the...

Palabora gets new MD as Gili moves to Oyu Tolgoi project

Rio Tinto subsidiary Palabora Mining has appointed Tony Lennox as new MD, as Matthew Gili steps down after five-and-a-half years at the JSE-listed copper and vermiculite company. Gili leaves Palabora to take on a new role at the Oyu Tolgoi...

Palabora posts 60% earnings decline, 'cautiously optimistic' for 2010

JSE-listed Palabora Mining earned R284-million in 2009, a decrease of 60% compared with net profit a year earlier, because of lower copper prices. Headline earnings for the year declined R5,98 a share, compared with R14,93 a share in the previous...

Palabora posts R720m profit for ’08

The 2008 financial year-end results of copper producer and subsidiary of diversified giant Rio Tinto, Palabora Mining, were “on par” with its 2007 results, MD Matthew Gili told shareholders on Monday. “We have managed to produce results...