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Sam Walsh
Sam Walsh

Rio Tinto posts strong Q1 results, ramping up Pilbara output to 290Mt/y

Mining giant Rio Tinto has again set a new production benchmark at its iron-ore operations in the Pilbara, as it ramped up towards capacity of 290-million tonnes a year. “Rio Tinto has started the year with a series of performance records as we...
15th April 2014

GlencoreXstrata will have to pay up for Rio Tinto coal assets – report

Sam Walsh Multi-commodity miner GlencoreXstrata will have to put in a significant offer for the Rio Tinto coal assets in Australia if it were to acquire those. This is the message from Rio Tinto CEO Sam Walsh, who told journalists at the opening of its...
13th March 2014

Rio Tinto takes another ‘future mine’ step

Diversified mining major Rio Tinto on Thursday officially opened a new phase of its mine of the future technology with the launch of a processing excellence centre (PEC) in Brisbane, which monitors processing data from seven of the company’s...
13th March 2014

Rio Tinto continues cost focus, to boost Pilbara, Canada output

Global diversified miner Rio Tinto said this week that the company would maintain its “relentless pursuit” in cost cutting, while boosting iron-ore production both in the Pilbara and in Canada. Speaking at a conference in Perth this week, Rio...
12th March 2014

Rio takes further hit on Mozambique operations, but production up

Anglo-Australian mining major Rio Tinto last week announced a further write down of $470-million for Rio Tinto Coal Mozambique (RTCM). (All dollar figures are US$.) This followed a few days after reporting that production at its Benga coal mine in...
21st February 2014

Rio Tinto profit jumps 10% as cost-cutting focus pays off

Mining giant Rio Tinto has delivered a 10% profit increase in the 2013 financial year, which ended December, as the diversified group delivered on a cost-cutting programme. Underlying earnings rose to $10.2-billion, while operating costs...
13th February 2014

Rio Tinto sells wharf and land options to LNG Canada

UK-based mining giant Rio Tinto on Wednesday said it had entered into an option agreement with LNG Canada, an international joint venture (JV), to acquire or lease a wharf and associated land at its port facility at Kitimat, British Columbia,...
12th February 2014

NUM marches in protest over Rio Tinto's alleged ill treatment of labour

Around 200 NUM members marched to the Mining Indaba in Cape Town on Thursday to protest against the alleged ill-treatment of Rio Tinto miners in other countries. The National Union of Mineworkers' general secretary Frans Baleni said the march to...
6th February 2014

Record output for Rio Tinto in iron, thermal coal and bauxite

Mining major Rio Tinto has reported record production at its iron-ore, bauxite and thermal coal operations during the fourth quarter ended December. “These are excellent fourth quarter operational results, demonstrating continued delivery on...
16th January 2014

Rio appoints Lilleyman as new T&I group exec

Diversified miner Rio Tinto has appointed Greg Lilleyman the new group executive for technology and innovation (T&I), taking over from Preston Chiaro, who retires at the end of March 2014. Lilleyman’s appointment would become effective from...
10th December 2013

Simandou mega iron-ore project, Guinea Restricted

An investment framework, one of the major hurdles in developing the Simandou mine, rail and port project, is close to completion.
6th December 2013

Rio Tinto to meet $2bn cost target – CEO

Sam Walsh Rio Tinto boss Sam Walsh said on Tuesday that the diversified mining group was on track to meet its $2-billion cost cutting target this year, telling an investor seminar in Sydney, Australia, that the company had delivered a $1.8-billion...
3rd December 2013
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