Australian Iron Ore Supply Keeps World Output and Prices Steady
No market has been left untouched by the coronavirus crisis. The bulk commodities market also has seen prices plunging and demand declining, but iron ore prices have bucked this tr
China demand for iron ore makes Rio Tinto more optimistic about future
At last, mining giants such as Rio Tinto Plc and BHP Billiton Ltd are more than satisfied as they enjoy strong China’s demand for iron ore. The industry leaders note that iron or
Chris Lynch named new CFO at Rio Tinto
On the 28th of February, Rio Tinto Plc informed that Chris Lynch, a former BHP Billiton Ltd. executive, was named its new chief financial officer. Chris Lynch will replace the much
Rio Tinto sees first annual loss while CEO Walsh gears up to cut costs
New Rio Tinto CEO Sam Walsh is gearing up to cut costs as the world’s second largest mining company has just informed that it posted a $3 billion full-year loss. The loss was mai
Miner Rio Tinto to expand iron ore production on growing China's demand
Rio Tinto PLC, the world’s second largest mining company, informed that it would expand iron ore production by approximately 15 percent as it saw its 2012 output grow to abou
Glencore Heading To be the 4th Largest Miner of the world following Xstrata merger
The successful takeover of Xstrata by Glencore might turn the company into the fourth largest miner globally. It has been billed as the “merger of equals” by industry observers
Turning into Gold. Rio Tinto
Thanks to rising commodity prices, Rio Tinto Group, the world’s third- largest mining company, has reported record profits of £14bn. Primarily powered by surging demand from Asi
