Rio Tinto gaining ground in mine automation stakes

Diversified miner Rio Tinto appears to be well ahead in the move towards the automation of the mining industry.

Rio to invest $518m in long-distance driverless trains

Mining giant Rio Tinto is continuing to invest in the Pilbara region of Western Australia, announcing on Monday a further $518-million investment on the world’s first automated long-distance heavy-haul rail network. The first driverless trains...

Coal & Allied shareholders give thumbs up to takeover

The shareholders of Coal & Allied have voted in favour of a joint takeover by mining giant Rio Tinto and its joint venture partner Mitsubishi Development. Subject to court approval, Coal & Allied shareholders would now receive A$125 in cash for...

Rio adds more trucks to its driverless fleet

Diversified miner Rio Tinto will become the owner of the world’s largest fleet of driverless trucks after signing a deal to add 150 more to its Pilbara iron-ore operations. The new trucks, which would be controlled from Rio’s Operations...

Coal & Allied increases output

Rio Tinto subsidiary Coal & Allied has reported an 8% increase in its share of total saleable production in the three months ending September, compared with the previous quarter. The miner said on Thursday that coal production for the third...

FIRB approves Rio's bid for Coal & Allied

The Foreign Investment Review Board (FIRB) has approved the takeover of ASX-listed Coal & Allied industry by its majority shareholder Rio Tinto and its partner Mitsubishi Development. In August this year, Rio and Mitsubishi, through its bid...

Rio raises offer for Coal & Allied, signs agreement

ASX-listed Coal & Allied on Friday executed a scheme implementation agreement with diversified miner Rio Tinto and its partner Mitsubishi Development after an increased takeover offer. Rio and Mitsubishi, through its bid vehicle Hunter Valley...

Rio and Mitsubishi bid to buy rest of Coal & Allied

Diversified resources group Rio Tinto and Mitsubishi Development have made a joint takeover proposal to buy the rest of Australian mining firm Coal & Allied, the companies announced on Monday. Rio and Mitsubishi were offering A$122 per Coal &...

Rio Tinto OKs $1,2bn of iron-ore expansions in Canada, Australia

Mining giant Rio Tinto will spend $933-million to extend the life of its Marandoo iron-ore mine, in Australia, and has also approved a $277-million expansion at its Iron Ore Company of Canada, the group announced on Tuesday. The group – the...

Rio Tinto hikes stake in Ivanhoe to 34,9%

Diversified miner Rio Tinto has increased its holding in Canada's Ivanhoe Mines by 5,3%, after the maturation of a $350-million convertible credit facility that Rio provided to Ivanhoe in 2007. The facility was fully drawn down by mid-2008, and...

Rio Tinto restarts Canada iron-ore expansion

Diversified miner Rio Tinto will restart an expansion programme at its Iron Ore Company of Canada, beginning with a $401-million investment to increase yearly concentrate capacity by four-million tons, the group announced on Thursday. The...

Rio Tinto and Ivanhoe finalise Mongolia investment agreement

Global mining giant Rio Tinto and partner Ivanhoe Mines have finalised an investment agreement with the Mongolian government for the development of the Oyu Tolgoi copper/gold project. "The agreement has taken full and binding effect," Rio Tinto...