By Leia Michele Toovey-Exclusive to Potash Investing News North American potash producers believe the potash market is due for a rebound after a dismal 2009, but analysts claim that potash prices will be sluggish to rebound in 2010. Last month, Belarusian Potash Company reached a deal to sell about one million tonnes of potash to [...]
Continue reading "Stockpiles weighing on Potash Prices"
Friday, June 5, 2009
The hullabaloo around Rio Tinto’s abandonment of its posed near-USD 20bn capital injection from smaller rival Chinalco replaced by the announcement of a general rights issue to raise the equivalent of USD 15.2bn, and agreeing a monster joint venture with BHP Billiton over the two companies’ West Australian iron ore assets, has sidelined the potential [...]
Continue reading "Seaborne Iron Ore- the world’s quietest, greatest, franchise"
Friday, February 6, 2009
Rio sold assets in Argentina, Brazil and Paraguay for $1.6b to Brazilian mining group Vale, and is in talks with Chinese national aluminium producer Chinalco to sell interests in other operating businesses. For full story, click here
Continue reading "Rio’s effort to reduce debt"
Tuesday, February 3, 2009
UK mining bellwether Rio Tinto built on Australian gains in London deals as investors warmed their hands on news it is in talks with Chinlco over a possible asset sale and investment combination. For full story, click here
Continue reading "Buyers come in from the cold to snap up Rio"
Tuesday, February 3, 2009
Vale may have paid too much in its purchase of Brazilian iron-ore and potash assets from Rio tinto Group, according to JPMorgan Chase & Co. and Banco Santander SA. For full story, click here
Continue reading "Vale May Have Overpaid in Rio Purchase, Analysts Say"
Tuesday, February 3, 2009
Mining companies have suffered an astounding reversal of fortunes in the past few months. As boom has turned to gloom, commodity prices have slumped, leaving mining firms with painful decisions to make. Rio Tinto is the latest to suffer. For full story, click here
Continue reading "Rio’s debts have pushed it to seek investment from China"
Friday, January 30, 2009
Rio Tinto the world’s third- largest mining company, agreed to sell South American potash and iron-ore assets to Cla Vale do, Rio Doce for $1.6 billion in cash to help meet a debt-reduction goal. Sam Catalano, an analyst at Macquarie Bank Ltd, said: This is a very positive step, given the market’s focus on its balance [...]
Continue reading "Rio Sells Potash, Iron-Ore Assets to Vale to Cut Debt"
Monday, November 3, 2008
Rio Tinto Group, said that it won’t commit to a planned $3.5 bn potash mine in Argentina until the government gives guarantees on energy supplies & taxes. General manager with Rio Tinto, Kevin Fox, said: Rio may need to tap alternative energy sources such as coal because Argentina’s power availability is “under fairly sufficient strain. Rio also wants [...]
Continue reading "Rio wants Argentina Guarantees for $3.5 Bn Potash Mine"
Friday, October 31, 2008
Rio Tinto Plc is cautiously pushing forward with a $900 mn potash mine project which the company hopes to have online in 2013. Susan Keefe, Rio Tinto communications vice president, said: The company is working with federal and provincial government officials to determine mutually acceptable solutions to the issues that require resolution to bring this project to fruition. [...]
Continue reading "Rio Tinto Pushes On With Argentina Potash Project"
Friday, July 25, 2008
Preston Chiaro, chief executive of Rio’s energy and minerals unit, said: Rio Tinto wants to grab 10 percent of the world potash market as demand for the fertiliser grows in step with biofuel production. For full story, click here
Continue reading "Rio Tint looking at 10% market share in global potash market"
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Sunday, January 17, 2010