Rio Tinto PLCRIO:LSE

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3,042.5
63.50 / 2.13%
7.62m
3.61%
1.57
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As of May 22 2013 17:05 BST.Data delayed by at least 15 minutes.

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May 22 2013 11:08 BST
Australia outlines impact of resources pullback
Australian resource projects worth A$150bn (US$146bn) have been cancelled or delayed over the past year as companies have scaled back expansion plans to focus on reducing overheads and improving productivity, according to official data from the government's commodities forecaster. The statistics, released on Wednesday by the Bureau for Energy andBy Neil Hume in Sydney
May 20 2013 17:24 BST
ENRC: Minorities deserve more
The temperature in Kazakhstan fell below 40 degrees this past winter. It was even colder in the boardroom of Eurasian Natural Resources Corp. The scandal-tainted Kazakh miner has lurched from one self-inflicted mishap to another in the past year; its share price is the thermometer - down 43 per cent.
May 17 2013 10:08 BST
Profit warnings hit Australia's resources sector
The tough conditions facing companies operating in the resources sector have been highlighted by a profits alert from one of Australia's leading engineering groups. WorleyParsons said on Friday that net profit would be lower not higher than a year ago because of cancelled projects and cost cutting by clients. "TheBy Neil Hume in Sydney
May 14 2013 23:00 BST
Rio misses out on FTSE rally amid Australia mine expansion concern
Rio Tinto was among the fallers on Tuesday as miners were left behind in the FTSE 100's rally to another five-and-a-half year high. Rio slipped 1.1 per cent to £29.68 after an investment seminar in Barcelona failed to address concerns about its $5bn iron ore mine expansion in Western Australia.By Bryce Elder
May 14 2013 08:28 BST
BHP considers returning cash to shareholders
BHP Billiton will consider returning more capital to shareholders as the world's biggest resources company by market value reduces spending on new projects and exploration and focuses on improving productivity. In his first major speech to investors since he was named BHP chief executive in February, Andrew Mackenzie told aBy Neil Hume in Sydney
May 10 2013 17:55 BST
Why the commodities supercycle might not be over yet
The financial markets haven't been too kind to commodities over the past month or so. Hedge funds have turned violently against them - they are net sellers of both copper and oil, according to French investment bank Société Générale. And then there was gold's dramatic sell-off. This weakness in commodityBy David Stevenson
May 09 2013 20:14 BST
Glencore Xstrata: trump cards
Investors who stayed with Xstrata for the ride of the merger with Glencore will hope good things really do come to those who wait. One week into trading of the commodities trader and miner, and shares have gained 4 per cent. That is less impressive when considering that Rio Tinto
May 09 2013 19:14 BST
Rio Tinto mine set to go online this year
Rio Tinto will meet its target of commencing copper production at Oyu Tolgoi, its Mongolian mine, confirming a widely expected rise in the supply of the red metal later this year. Concerns about leading copper projects coming online have weighed on the copper price for most of this year. AlthoughBy Emiko Terazono in London
May 09 2013 09:19 BST
Rio Tinto chief defends $5bn expansion of iron ore project
The chief executive of Rio Tinto has defended plans to spend US$5bn expanding its iron ore business in Western Australian following criticism from shareholders who fear it could lower the price of the steelmaking commodity. Speaking after the miner's annual shareholder meeting in Sydney, Sam Walsh said Rio had carefullyBy Neil Hume in Sydney
May 07 2013 04:06 BST
Rio to proceed with $5bn iron ore expansion despite looming surplus
Rio Tinto intends to press ahead with a multibillion-dollar expansion of its iron ore mines in Western Australia barring a significant change to the supply-demand balance for the steelmaking commodity or a further increase in production costs. Sam Walsh, Rio chief executive, told institutional investors at meetings in Sydney thisBy Neil Hume in Sydney
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May 13 2013 10:05 BST
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May 07 2013 16:59 BST
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