LONDON, April 16 (Reuters) - Rio Tinto , the world's second largest mining company, warned of "continued bumps" in its key iron ore market and vowed to stay focused on slashing costs to be the last man standing at a tough time for the sector.
LONDON, April 16 (Reuters) - Rio Tinto 's iron ore cost of production has fallen from an average of $19.50 a tonne in 2014 to around $17 so far this year, the head of the world's second-largest mining company said on Thursday.
specifically, can cost-cut its way to prosperity. Supply discipline is required, and the iron ore majors – Vale, Rio Tinto and BHP Billiton – are in the driving seat. We think Fortescue shares are fairly valued. However, risk is elevated
SYDNEY, April 14 (Reuters) - Australian shares fell 0.2 percent on Tuesday as investors backed away from testing 6,000 points on the benchmark index, selling mining stocks like BHP Billiton and Rio Tinto amid a slump in iron ore prices.
MELBOURNE, April 10 (Reuters) - BHP Billiton came under fire from Australian Senators on Friday for not revealing how much profit it made or tax it paid at its Singapore marketing hub, amid a wider inquiry into profit-shifting by multinationals to avoid tax.
(The following statement was released by the rating agency) HONG KONG/SINGAPORE, April 09 (Fitch) An agreement between the Mongolian government and Rio Tinto to proceed with the phase 2 expansion of...
* Commodity price slump weighs on Glencore firepower in any bid (Recasts; adds comment from source, treasurer's office)
MELBOURNE, April 8 (Reuters) - Australia's treasurer has told mining industry representatives he would not allow Glencore Plc to merge with Rio Tinto , the Australian Financial Review reported on Wednesday.
* Australia pursuing multibillion-dollar claims on BHP, Rio -AFR
ULAN BATOR, April 3 (Reuters) - Mongolia must take much of the blame for a dispute with Rio Tinto that has delayed the expansion of a $6.5 billion copper mine and disrupted economic growth, the country's prime minister said.