Rio Tinto earnings sink on metals price plunge, deepens capex cuts

Last Updated: Thursday, August 6, 2015, 15:41

Global miner Rio Tinto on Thursday posted sharply lower first-half profits on sliding metal prices and pledged $1 billion in cost cuts this year.

Rio Tinto bets on cloud to make IT count, ropes in Accenture

Last Updated: Thursday, April 16, 2015, 18:51

Global mining major Rio Tinto will move its core IT systems to cloud computing to cut costs as well as enable innovation, and has roped in consultancy firm Accenture for this purpose.

Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco

Last Updated: Wednesday, February 25, 2015, 14:23

The Odisha government has decided to scrap joint venture agreements with global major Rio Tinto, Vedanta Group firm Sesa Sterlite and Aditya Birla Group-owned Hindalco Industries, an official said Wednesday.

Rio Tinto working on MP diamond mine plan for $500 mn proj

Last Updated: Sunday, January 18, 2015, 14:42

Global mining giant Rio Tinto is working on the mine plan and necessary regulatory clearances for its USD 500 million diamond project in India which, when executed, is expected to bring Madhya Pradesh in the top ten diamond producing regions in the world.

Rio Tinto to invest $500 mn in MP diamond project

Last Updated: Monday, January 12, 2015, 19:00

He said the company is waiting for environment approvals from the the government for the project.

Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal

Last Updated: Sunday, January 11, 2015, 15:40

Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.

Stung by curbs, iron ore firms throw in the towel

Last Updated: Thursday, January 2, 2014, 07:36

Top trader MMTC`s $80 million iron ore export terminal, ready since 2010, has never handled a cargo. Now the company wants to spend $16 million to convert the terminal to ship coal.

Tom Albanese to join Vedanta Resources board soon: Agarwal

Last Updated: Monday, November 4, 2013, 18:49

London-listed Vedanta Resources intends to appoint Tom Albanese, former Chief Executive of natural resources giant Rio Tinto, on its board soon.

Rio sells Australian coal mine stake for $1.02 bn

Last Updated: Monday, October 28, 2013, 16:12

Resources giant Rio Tinto announced the USD 1.02 billion sale of its stake in Australia`s Clermont thermal coal mine Monday as it seeks to shore up its ailing bottom line.

Ex-Rio Tinto CEO Tom Albanese joins Vedanta

Last Updated: Monday, September 16, 2013, 17:56

London listed mining giant Vedanta Resources has appointed Tom Albanese, former Chief Executive of Rio Tinto, as chairman of its subsidiary Vedanta Resources Holdings Ltd.

Glencore to take up to $7 billion hit on Xstrata assets

Last Updated: Monday, August 19, 2013, 10:48

Glencore Xstrata is expected to write down the value of assets inherited from Xstrata by as much as USD 7 billion when it reports first-half earnings on Tuesday.

Australian govt takes up Rio Tinto-OMC JV issue with Odisha CM

Last Updated: Friday, October 19, 2012, 22:15

Seeking revival of the 17-year-old joint venture between Rio Tinto and the Odisha Mining Corporation, the Australian government Friday took up the matter with the state government and pinned hope on the progress of the mining project.