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"
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"
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, September 19, 2008
By Daniella D’Alimonte – Exclusive to Potash Investing News The Potash Corporation of Saskatchewan (TSX: POT) has been fairly unpredictable for the past two weeks. It has ranged anywhere between US$164.80 to US$143.40 per share. Closing on the weekend, it seems to be on its way back up. The company believes it is heading into a [...]
Continue reading "Will the demand last?"
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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Friday, June 5, 2009