RIO TINTO
Firmus $5 billion float failure deals blow to Australia's shrinking share market
Firmus has decided to scrap its ambitious $5 billion IPO, primarily due to the prevailing market volatility. This choice is a major blow to the Australian Securities Exchange, which is facing a downturn in available listings. Investors had hoped that this IPO would introduce more diversity to a market overly dependent on significant banks and miners.
Global Market: European shares head for first monthly decline in six months as yields rise
European shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields heightened inflation and interest-rate concerns. The STOXX 600 gained 0.7% but remained on track for a September loss. Mining stocks advanced, while investors awaited key European inflation data.
US to fund $7 billion of Argentina mineral, energy projects, document shows
The US Export-Import Bank plans to provide up to $7 billion in financing for critical minerals and energy projects in Argentina, as Washington seeks greater access to the region’s resources.
Glencore and Rio Tinto hold buyout talks to create $207 billion mega-miner
Rio Tinto and Glencore are in early buyout talks that could create the world's largest mining company, with a combined market value nearing $207 billion. This potential deal, an all-share buyout of Glencore by Rio Tinto, comes as global miners race to bulk up in copper amid the energy transition.
Rio Tinto and partners to invest $733 million in Pilbara iron ore project
Rio Tinto and its partners will invest $733 million in Western Australia's Pilbara region. This investment will sustain the West Angelas iron ore hub's annual production capacity. The project will create jobs and extend mining operations for several years. Autonomous trucking is set to begin in 2027. This development supports Rio Tinto's overall Pilbara capacity.
Rio Tinto’s Madhya Pradesh diamond mining project runs into forest hurdle
Rio Tinto’s Rs 2,200 crore project to mine diamonds in MP’s Chhatarpur district has hit a green roadblock though it has the support of the state government.
IGATE to provide Big data, analytics to Rio Tinto
New Jersey-headquartered IGATE has partnered with Rio Tinto to develop the UK-based mining group's Analytics Excellence Centre in Pune.
Rio Tinto hopes to make its Indian diamond mine operational before 2019
Rio Tinto hopes to make its Indian diamond mine operational before 2019; signs up on Project Monitoring Group.
Rio Tinto eyes marriage gifting market in India
Australia-based Rio Tinto is eyeing the Indian marriage gifting market with its 'Nazrana' brand of diamond jewellery marketed through various retailers across the country, a company official said.
Rio Tinto conducting feasibility study on diamond project in Madhya Pradesh
Rio Tinto is conducting a feasibility study to determine the commercial viability of its proposed diamond mining project in Madhya Pradesh.
iGate-Patni ties up with Rio Tinto to provide R&D and engineering services
Rio Tinto expects to spend around $60 mn to $80 mn over next five years of partnership. Partnership to focus on creating next gen tech.
Rio Tinto may get licence to mine diamonds in Madhya Pradesh
Rio Tinto, the world’s second-largest mining group, is close to getting a licence to mine a diamond find in Madhya Pradesh.
Naveen Jindal led Jindal Steel and Power Ltd (JSPL), Rio Tinto sign MoU for advancing HIsmelt technology
JSPL said it has signed an MoU with global mining giant Rio Tinto to jointly work for global commercialisation of the HIsmelt technology.
Orissa considers signing a fresh agreement with Rio Tinto
The Orissa govt has said it was considering a proposal of making a fresh agreement with Rio Tinto for undertaking mining activities in the state.
Rio Tinto in $1 bn iron ore investments in Australia, Canada
"Rio Tinto has approved a $933-million investment to extend the life of the Marandoo iron ore mine by 16 years to 2030," the London-based resources giant said.
No discomfort with Rio Tinto's bid for Riversdale: Tata Steel
Tata Steel today said it is not at "discomfort" with Rio Tinto's 3.9 Australian dollar bid for mining firm Riversdale and is yet to decide on its move to outbid the offer.
Germany to block BHP, Rio Tinto joint venture
German regulators are planning to block a $120 billion iron ore venture between mining giants Rio Tinto and BHP Billiton Ltd. in Australia, the companies said Friday.
"Orissa may enter into a fresh agreement with Rio Tinto"
Setting aside its long standing dispute with Rio Tinto over formation of a billion dollar joint venture to mine iron ore in the state, Orissa government today said it was considering a fresh agreement with the global mining major.
Rio Tinto plans to set up alumina unit in Gujarat
Global mining major Rio Tinto is all set to enter Indian manufacturing space.
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