Rio Tinto sells shares in Cloud Peak for $499,2m

Rio Tinto has sold shares in US coal-miner Cloud Peak Energy for $499,2-million, lowering its holding in the company to around 6,2%. The group sold 25,6-million shares, at $19,50 each, in an underwritten secondary offering.

Rio Tinto expects $741m from US coal unit IPO, notes sale

Diversified miner Rio Tinto will receive proceeds of at least $741-million from transactions related to the initial public offering (IPO) of its Cloud Peak Energy unit, which started trading on the New York Stock Exchange on Friday, the group...

Company Announcement: Rio Tinto announces the filing of a Registration Statement by Cloud Peak Energy Inc. for a proposed Initial Public Offering

Attached please find a press release on: Rio Tinto announced today that its wholly owned subsidiary, Cloud Peak Energy Inc. (Cloud Peak Energy), has filed a new registration statement on Form S-1 with the United States Securities and Exchange...

Debt-laden Rio disposes of yet another asset, sells $5,5bn worth so far

Debt-laden diversified miner Rio Tinto on Monday announced the disposal of yet another asset, this time US coal mine Jacobs Ranch, which fetched $761-million cash, taking to $5,5-billion the value of disposals so far. The company, headed by CEO...

Daily podcast – August 11, 2008

In today's podcast: Phumzile Mlambo-Ngcuka says Africa's growth and development ambitions are threatened by its anaemic skills investment, South African unions agree to a higher pay offer of 11,5% from Telkom and, Rio Tinto files a registration...

Rio Tinto may hold IPO for US coal unit

Diversified miner Rio Tinto has filed a registration statement for a proposed initial public offering of the common stock of its Cloud Peak Energy subsidiary, the company said on Friday. Cloud Peak Energy holds most of the North American coal...

Sweetwater turns bitter . . .

. . . but Uranium One says it has other US deals lined up

SA/Canadian miner on course to join uranium 'top five'

IF all goes according to plan, South African-based, Toronto-listed, uranium company sxr Uranium One will soon have the giant global mining group Rio Tinto as a shareholder.