Rio Tinto expects Mongolia nod for copper exports soon

Rio Tinto could be two weeks away from gaining Mongolian approval to ship copper from its Oyu Tolgoi mine, helping offset a slide in revenue from its US copper business as it faces pressure to slash costs and sell non-core assets. A landslide at...

Warkworth approval turnaround not business-friendly – Walsh

Diversified miner Rio Tinto’s CEO Sam Walsh on Thursday told shareholders that the New South Wales Land and Environment Court’s decision to overturn the approval of the Mount Thorley Warkworth mine extension could mean that the future of...

Rio Tinto to press on with iron ore expansion plans

Rio Tinto, the world's No.2 iron ore miner, is set to press on with plans to boost production at its Australian mines by a quarter by 2015, shrugging off pressure to slow spending and conserve cash as the commodity boom cools. In spite of...

Rio cost-cutting initiatives, Pilbara expansion on track

Mining giant Rio Tinto has reported a decrease in production for most of its commodities compared with the fourth quarter of last year, but CEO Sam Walsh noted that the company was making progress to achieve its cost reduction targets. “My...

Rio appoints new CFO

Mining giant Rio Tinto has appointed Chris Lynch as CFO to succeed Guy Elliott, who announced his intention to retire in July last year. Lynch, who will become CFO in April, joined the Rio Tinto boards as a nonexecutive director in September 2011....

Rio appoints new iron-ore and copper chiefs

The world’s second-largest diversified miner Rio Tinto has appointed its copper chief Andrew Harding as the new CEO of its iron-ore division, to replace Sam Walsh. Walsh was appointed CEO of the company in January this year, after Tom Albanese...

Walsh sets stringent cost control measures as Rio posts $2.9bn net loss

Mining giant Rio Tinto’s new CEO Sam Walsh on Thursday set out stringent cost control measures in an effort to return shareholder value. “Under my leadership, Rio will have an unrelenting focus on pursuing greater value for shareholders. To...

Rio confirms Gove refinery to continue operating

Mining giant Rio Tinto on Wednesday calmed Northern Territory fears by announcing that its Gove alumina refinery would continue operations. Rio said its decision to keep the Gove operation running was as a result of the state government’s...

Company Announcement: Rio Tinto impairments and management changes

Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion in its 2012 full year results

Rio's Albanese steps down as impairments weigh on company

Mining giant Rio Tinto on Thursday made the shock announcement that CEO Tom Albanese would step down after the company reported a $14-billion impairment for 2012. Iron-ore chief Sam Walsh has been appointed as his successor, effective immediately.

Driverless trucks take to Rio roads

Diversified giant Rio Tinto has hauled its first iron-ore from the Yandicoogina mine, in Western Australia, using driverless trucks. The Junction South East (JSE) pit now has a fleet of 10 Komatsu driverless haul trucks which will move high-grade...

Rio Tinto to invest $4.2bn in Australia, Guinea iron-ore

Diversified miner Rio Tinto on Wednesday announced that it would commit $4.2-billion to its iron-ore operations in Australia and in Guinea. CEO Tom Albanese said that the company was directing investment to projects that would generate the most...