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Colin Bennett

FT.com / Companies / Mining - Rio eyes Africa with Riversdale approach - 0 views

  • Rio has gained an earlybird advantage in two mining frontiers, west Africa and Mongolia, where it is building iron ore and copper mines that should serve the market for decades.
Colin Bennett

Chinalco and Rio sign exploration deal - 0 views

  • Chinalco, as the Chinese state-owned mining company is known, will take a 51 per cent stake in the exploration joint venture. The venture’s initial focus will be discovering copper and coking coal deposits in the north and northwest of China, a country that has been a mostly closed kingdom to foreign companies eager to map and exploit its mineral riche
Colin Bennett

Interview: Paul Skinner, Rio Tinto - 0 views

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    The BBC's business editor Robert Peston talks to Rio Tinto's influential chairman, Paul Skinner.
Colin Bennett

FT.com / Lex / Energy, utilities & mining - BHP Billiton/Rio Tinto - 0 views

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    It is getting on for a year since Rio rejected BHP's initial proposal out of hand.
Colin Bennett

Rio Tinto invests $341M in Arizona copper studies: Associated Press Business News - MSN... - 0 views

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    It hopes to start production by 2020 and gradually increase it to about 560,000 U.S. tons of copper per year.
Colin Bennett

Russian Mining Giants Mulling Merger ((BBL), BHP Billiton Ltd. (BHP), (BHP.AU), (BLT.LN... - 0 views

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    The merger would involve OAO Norilsk Nickel (GMKN.RS) with iron-ore and steel group Metalloinvest and United Company Rusal, bauxite miner and the world's largest primary aluminum producer.
Colin Bennett

BBC NEWS | The Reporters | Robert Peston - 0 views

  • Tonight’s decision by BHP on whether to press the go button on a £61bn takeover of Rio Tinto is not just a big event for these two monsters of the mining industry. It’s also a big “who-runs-the-world?” moment. This takeover contest may no longer be decided in a conventional way by the shareholders of the two companies and competition regulators in assorted jurisdictions. The reason is that on Friday the state-owned Chinese mining and metals group, Chinalco, snapped up 8% of Rio through a daring stock-market raid. And it exercises control over 9% of Rio, through a partnership with Alcoa of the US. This was more than £6bn of Chinese government money saying no to the BHP deal.
Steven O'Sullivan

U.K. Stocks Climb to Two-Month High; Mining Shares Rally - 0 views

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    U.K. stocks climbed, extending a two-month high, as banks and commodity producers rallied. Kazakhmys jumped 5.8 percent to 540.5 pence. Separately, copper futures advanced...
Colin Bennett

Rio and Chinalco to share Guinea project - 0 views

  • People close to the Mongolian mining industry have said they believed Rio and Chinalco were working out a deal on Oyu Tolgoi, a copper-gold deposit that is a joint venture between Rio and Ivanhoe Mines of Canada.
Colin Bennett

Rio on edge of new world of robotic mining - 0 views

  • Rio’s mine of the future in West Angelas, Western Australia, is its flagship mechanised operation. It includes automated trains and robotic drill rigs, all directed from an operations centre hundreds of miles away in Perth where employees “work like air traffic controllers”, according to the company.
Colin Bennett

BHP approves $554 mln Chile Escondida project - 0 views

  • BHP has a 57.5 percent stake in Escondida, while Rio Tinto (RIO.L) owns 30 percent. JECO Corp, a consortium formed by Mitsubishi Corp (8058.T), owns 10 percent and JECO 2 Ltd owns 2.5 percent.
Colin Bennett

EMED's copper project in Spain gets environment ministry stamp - 1 views

  • The company has announced that its all-important unified environmental authorisation (AAU) has now been signed off by the minister of environment and spatial planning, María Jesús Serrano
Colin Bennett

Contenders for Rio Tinto's chief executive role - 0 views

  • The heads of the other mining businesses are also relatively new to Rio. Jean-Sébastien Jacques, head of copper, joined Rio in 2011 from Tata Steel while Alfredo Barrios came to the group from BP only in June and is running aluminium.
Colin Bennett

Rio, BHP very close to develop U.S. largest copper mine - 0 views

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    "According to Arizona Republic the bill -set to be passed before the end of the year- would allow Rio to acquire 2,400 acres of the federally protected Tonto National Forest in southeast Arizona in exchange for 5,000 acres in parcels scattered around the state."
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