Qld pushes Burke for clarity on Rio's bauxite expansion

The Queensland government has called on Federal Environment Minster Tony Burke to deliver a timeframe for his decision on diversified miner Rio Tinto’s bauxite mine expansion plans, in Cape York. The state’s Deputy Premier and Minister for...

Rio Tinto chair more confident than 6 months ago

Diversified miner Rio Tinto chairperson Jan du Plessis said on Thursday that while the global economy continued to experience volatility, the economic picture had improved. He told shareholders at Rio Tinto’s annual general meeting in Brisbane,...

Australia gets reality check on commodities: Clyde Russell

There is a creeping realisation inside Australia that the nation's commodities boom is becoming harder work, with project costs blowing out and questions over whether there will be enough demand from Asia. Australia's economic success of the past...

Rio CEO warns of risks to global supply of metals

Global miner Rio Tinto warned on Thursday of risks to keeping up the global supply of metals as increasing demands from governments, rising costs and calls for buybacks and special dividends eat away at incentives to build new mines. "It is...

Company Announcement: Rio Tinto sets out track record as Olympics medals provider

Rio Tinto today set out its ethical track record to support its role as the official metal provider for the 4,700 medals for the London 2012 Olympic and Paralympic Games.

Rio Tinto iron-ore output rises, but copper falls

Mining giant Rio Tinto increased its attributable iron-ore production by 9% in the first quarter, but its copper output declined by 18% compared with the first quarter of last year. CEO Tom Albanese on Tuesday described the three months ended...

Iron-ore demand to reach 3.5bn tons by 2030

Global iron-ore demand was expected to double to 3.5-billion tons a year by 2030, as China’s appetite for the steelmaking commodity continued to drive the market. However, mining researcher Raw Materials Group pointed out that the iron-ore...

Rio Tinto to keep costs down, up productivity in 2012 – CEO

Mining giant Rio Tinto has warned of increased capital costs over the near term, with CEO Tom Albanese saying that the company would be embarking on a number of cost management initiatives in 2012 to optimise performance. In the group’s latest...

Record earnings for Rio, but divestments on the cards

Mining giant Rio Tinto has reported record underlying earnings and cash flows for 2011, despite increasingly unpredictable markets. Underlying earnings reached $15.5-billion for the financial year, an 11% improvement on the previous corresponding...

Rio Tinto iron-ore production climbs to record

Diversified resources giant Rio Tinto increased its iron-ore production to a record in the fourth quarter, as the miner pushed ahead with its expansion programme in Western Australia. The Pilbara mines produced a record 62-million tons in the...

Rio proposes transporting Guinea ore by road

Rio Tinto has proposed to the government of Guinea on Wednesday to start transporting iron ore from its Simandou project by trucks in 2015, while waiting for a planned railway so as to honour delivery contracts. "We have proposed this option in...

Rio to boost iron-ore output despite commodities markets softening

Mining giant Rio Tinto would lift its iron-ore production from Australia’s Pilbara region by some 20-million tons by the first half of 2015, despite a weaker global market outlook, CEO Tom Albanese said on Monday. Rio Tinto has not yet felt the...