Rio Tinto moves MoEF for project clearance

Last Updated: Sunday, September 16, 2012, 23:01

Rio Tinto, which has a global diamond exploration portfolio encompassing six continents, has already secured "in-principle approval to the issue of a mining lease" for the Bunder Diamond project via a 'Letter of Intent' from Madhya Pradesh government in January.

Rio Tinto to invest USD 500 million in MP diamond mine project

Last Updated: Friday, August 24, 2012, 20:16

An estimated USD 500 million (Rs 2200 crore) will be invested in developing a world class Bunder diamond mine that will generate significant direct and indirect employment and support thousands of jobs in the Indian diamond and jewellery manufacturing industries, he said.

NMDC starts talks to revive joint venture with Rio Tinto

Last Updated: Sunday, June 17, 2012, 12:29

State-run iron ore miner NMDC has started a fresh round of negotiations with global mining giant Rio Tinto to revive an equal joint venture that was mutually scrapped almost a year ago.

Rio Tinto signs pact with iGate Patni

Last Updated: Tuesday, March 27, 2012, 19:52

Rio Tinto expects to spend around USD 60 million to USD 80 million over the next five years on this partnership, both the companies said in a joint statement.

Orissa yet to take a call on Rio Tinto investment proposal

Last Updated: Sunday, March 11, 2012, 10:27

Orissa is yet to take a decision on the proposed USD 2-billion investment by Rio Tinto in the state and currently examining the issue, state's Steel and Mines Minister Raghunath Mohanty said.

Rio Tinto to invest $2 bn in Odisha iron ore project

Last Updated: Monday, March 5, 2012, 20:31

In what could be the largest Australian investment in the country, mining giant Rio Tinto plans to put USD 2 billion in an iron ore project in Odisha and is in the process of obtaining regulatory clearances, a top company official said on Monday.

Miner Xstrata in merger talks with Glencore

Last Updated: Thursday, February 2, 2012, 14:48

Miner Xstrata is in talks with Glencore over an all-share merger of equals, it said on Thursday, confirming reports of a deal that could create a combined mining and trading group worth more than 50 billion pounds (USD 79 billion).

Rio Tinto bid succeeds for uranium prospector Hathor

Last Updated: Thursday, December 1, 2011, 08:49

Rio Tinto on Thursday said it had succeeded in its takeover bid for Canadian uranium prospector Hathor and extended its offer by 10 days until December 12 to mop up remaining outstanding shares.

Iron ore pricing method may be shortened further: Rio Tinto

Last Updated: Tuesday, October 25, 2011, 20:36

In view of slackening of the global iron ore market, pricing method of the key steel making raw material may be shortened further, mining major Rio Tinto has indicated.

Rio Tinto says iron ore growing, sees shorter pricing methods

Last Updated: Monday, October 24, 2011, 09:09

Global miner Rio Tinto (RIO.AX) (RIO.L) said on Monday iron ore demand remained robust despite market weakness, and said a fall in prices was accelerating a move to shorter-pricing methods.

Fall in iron ore prices accelerating: Rio Tinto

Last Updated: Monday, October 24, 2011, 09:06

Global miner Rio Tinto said on Monday iron ore demand remained robust despite market weakness, and said a fall in prices was accelerating a move to shorter-pricing methods.

Rio Tinto eyeing Australia aluminum business spin-off: Report

Last Updated: Monday, September 26, 2011, 09:18

Global miner Rio Tinto is considering spinning off part of its Australian aluminum assets as a planned carbon would raise costs, a newspaper report said on Monday.