Rio increases stake in Ivanhoe to 19,7%

Diversified miner Rio Tinto will increase its holding in Vancouver-based Ivanhoe Mines from 9,9% to 19,7%, the companies announced on Tuesday. The transaction, which is the second tranche of a larger investment in Ivanhoe by Rio, follows last...

Chariot fights back

Canadian junior Chariot Resources came out swinging on Friday morning, in its response to a dissidents' proxy circular filed a day earlier by high-profile mining entrepreneur Lukas Lundin, seeking to oust the current board and replace it with a...

Chinese steel demand recovery expected second-half 2009 – Rio Tinto

Diversified mining major Rio Tinto said on Wednesday that it expected Chinese demand for steel to recover in the second-half of 2009. Recording low first-quarter (Q1) production and continuing to pin hopes on delivering the $19,5-billion Chinalco...

Rio Tinto's chief waits for richer BHP offer

With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38-billion acquisition of Alcan just six months into his new job as chief executive of Rio Tinto,...

Rio Tinto CEO leaves door open to higher bid from BHP

Rio Tinto CE Tom Albanese on Sunday left the door open to a sweetened takeover offer from BHP Billiton, but said Rio would be happy to grow on its own if BHP walked away.