Rio Tinto refers Ivanhoe breaches to arbitration
12th Jul 2010 07:06
Rio Tinto has referred Canadian miner Ivanhoe's breaches of a private placement agreement to arbitration following its adoption of the shareholders rights plan. The mining heavyweight, which recently increased its stake in Ivanhoe to 29.6%, has warned Ivanhoe before it adopted the plan would breach
Read moreFrench Business Group Eyes Cameroon Aluminum Smelter -Official
11th Jul 2010 11:09
YAOUNDE, Cameroon (Dow Jones)--The Association of French Entrepreneurs, Medef International, may decide to invest in Cameroon's aluminum smelter, the Société Camerounaise d'Aluminium, or Alucam, which aims to triple its aluminum output from the current yearly 90,000 metric tons, a Cameroon governmen
Read moreFrench Group Seeks Solutions To Alucam's Energy Woes--Official
11th Jul 2010 01:48
YAOUNDE, Cameroon (Dow Jones)--Medef International, a French trade group representing a diverse selection of manufacturers, energy, infrastructure and financial companies, has sent delegates to Cameroon to seek ways for that country's lone aluminum smelter, the Societe Camerounaise d'Aluminium, or A
Read moreRio Tinto Refers Ivanhoe's Share Rights Plan To Arbitration
10th Jul 2010 19:56
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global diversified miner Rio Tinto PLC (RTP, RIO.LN) said late Friday it has referred Ivanhoe Mines Ltd.'s (IVN, IVN.T) shareholder rights plan to arbitration for breach of Rio Tinto's contractual rights related to its stake in Iv
Read morePRESS RELEASE: Rio Tinto refers Ivanhoe's Shareholder Rights Plan to arbitration
10th Jul 2010 03:58
LONDON, United Kingdom, July 9 /CNW/ - Rio Tinto announced today that it has given notice to Ivanhoe Mines Ltd. that it has referred to arbitration Ivanhoe's breaches of the Private Placement Agreement caused by its adoption of the Shareholders Rights Plan. Before its adoption, Rio Tinto advised Iva
Read more2nd UPDATE: Vallar's London Flotation Exceeds Views -Rothschild
9th Jul 2010 21:22
(Adds further comment from Rothschild) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London-listed flotation of Vallar PLC, a mining investment vehicle set up by a team of veteran mining executives and investors, has exceeded expectations, the investment vehicle's co-l
Read moreUPDATE: Vallar's London Flotation Exceeds Views -Rothschild
9th Jul 2010 17:27
(Adds further comment from Rothschild) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London-listed flotation of Vallar PLC, a mining investment vehicle set up by a team of veteran mining executives and investors, has exceeded expectations, the investment vehicle's co-l
Read moreCORRECT(7/8):Rio Tinto CEO: 9% China GDP Growth Not Sustainable
9th Jul 2010 12:42
("Rio Tinto CEO: 9% China GDP Growth Not Sustainable," published at 2333 GMT July 8, misstated the context in which Tom Albanese was speaking in the second paragraph. The correct version follows:) LONDON (Dow Jones)--Chinese economic growth of 9% isn't sustainable, the chief executive of global
Read moreLondon open: Footsie up again
9th Jul 2010 08:57
London has started brightly buoyed by another strong performance overnight on Wall Street and a rash of upbeat company announcements. Miners are leading the way following the big gains in the US. Antofagasta, ENRC and Rio Tinto are the best performers. On the downside, National Grid, GlaxoSmithKlin
Read moreRio Tinto CEO: US Needs To Take Lead On CO2 Reduction
9th Jul 2010 02:06
LONDON (Dow Jones)--The U.S. needs to take the lead in developing a carbon dioxide emissions-reduction plan, Rio Tinto PLC's (RTP) CEO said Thursday. When asked for his views on Emissions Trading Schemes that reduce CO2, Tom Albanese said he wouldn't comment on any country-specific schemes, but
Read moreUPDATE: Rio Tinto CEO: Keen To Restart Australia Projects
9th Jul 2010 01:29
(Adds CEO comments on junior miners and the revised tax) LONDON (Dow Jones)--Anglo-Australian diversified miner Rio Tinto PLC (RTP) is keen to restart its Australian projects and will now review them with the new, revised tax proposal in mind, the company's chief executive said Thursday. "R
Read moreAustralian Rail Track Corp Joins Bid For Queensland Rail Coal Network
9th Jul 2010 01:28
MELBOURNE (Dow Jones)--The Australian government's national rail track operator Australian Rail Track Corp. said late Thursday that it will join the consortium of miners who have lodged a A$4.85 billion bid for Queensland Rail's coal track network. In a statement, ARTC said it will become a part
Read moreRio Tinto Cautious But Still Upbeat About 2010 - CEO
8th Jul 2010 21:00
LONDON (Dow Jones)--Global diversified miner Rio Tinto PLC (RTP) is cautious but still upbeat about 2010, despite current volatility in the global economy, the company's chief executive said Thursday. "While we remain cautious on the outlook, 2010 is shaping up well from Rio Tinto's perspective,
Read moreRio Tinto CEO Says Keen To Restart Australia Projects
8th Jul 2010 21:00
LONDON (Dow Jones)--Anglo-Australian diversified miner Rio Tinto PLC (RTP) is keen to restart its Australian projects and will now review them with the new, revised tax proposal in mind, the company's chief executive said Thursday. "Recent events remove the great uncertainty which had been holdi
Read moreUPDATE: Chinalco Mulls Purchasing Direct Minority Stake In Oyu Tolgoi
8th Jul 2010 04:37
(Updates with comments from Chinalco executive and Mongolian government official) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Aluminum Corp. of China is considering purchasing a direct minority stake in one of the world's largest undeveloped gold-and-copper mine deposi
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