Rio Tinto

Rio Decide to Sell 50.1% Share in Coalmine

Rio Decide to Sell 50.1% Share in Coalmine

As per a new report, RIO Tinto has decided to sell its 50.1% share in the big Clermont thermal coalmine in Queensland. They decided to sell their share in the beneficial mining giant Glencore-Xstrata and Sumitomo for just over $US1 billion.

The Rio Tinto Prepared For Takeover

The Rio Tinto Prepared For Takeover

The Rio Tinto has confirmed that they are interested in the Riversdale Mining. This has increased the probability of the takeover. The FTSE 100-listed organization has assured that the takeover offer will be open till April 20. The Rio Tinto is considered as one of the Mining giants in the world.

Australian Mining Company to Extend Deadline

Australian Mining Company to Extend Deadline

On Monday, the Australian mining company Rio Tinto said it would extend its deadline until Wednesday, April 6 for the $3.9 billion offer for Riversdale Mining of Australia.

Disappointment regarding Rio’s proposal of buyback

Disappointment regarding Rio’s proposal of buyback

The proposal made by Rio Tinto has caused dissatisfaction among the investors. It has also resulted in the decline of the shares of the miners in the stock exchanges of London and Australia.

Rio Tinto Supplies Delayed because of Floods

Rio Tinto Supplies Delayed because of Floods

The floods currently rampaging through the state of Queensland have had a negating effect on the health of the state and its people. But, according to the latest news available, they have also affected the working of Boyne Smelters Ltd.

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