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Rio Tinto Group
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Analysts and Industry Observers See Harry Winston's Condition as a Risky Bet
Jan 23, 2013The big news this week is the sale of famed jewellery and watch brand, Harry Winston, to the Swatch Group for $750 million plus their assumption of up to $250 million of pro forma net debt. Several analysts and industry observers see this ...
Tags: jewellery, watch, Harry Winston, diamond
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There's Sound and Solid Interest From Customers in China for Next Year
Dec 13, 2012Bloomberg quoted Codelco as saying that there's sound and solid interest from customers in China for next year amid signs of an economic recovery in the world's biggest market for the metal. Mr Thomas Keller CEO of Codelco said that ...
Tags: world's biggest market for the metal, Codelco, Bloomberg
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Hebei Iron & Steel Group Led a Group Including Industrial Development Corp of South Africa
Dec 13, 2012Bloomberg reported that Hebei Iron & Steel Group led a group including Industrial Development Corp of South Africa Ltd in agreeing to buy Rio Tinto Group's Palabora Mining Co Rio will sell the companies a 57.7% stake for USD 373 million. ...
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Vale SA Plans to Accelerate Growth in Iron Ore Output
Dec 12, 2012Bloomberg reported that Vale SA plans to accelerate growth in iron ore output to recover market share it has lost to competitors including BHP Billiton Ltd and Rio Tinto Group. Mr Jose Carlos Martins head of ferrous and strategy at an ...
Tags: iron ore, Vale SA, BHP Billiton Ltd, Rio Tinto Group
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It Is Targeting Savings of USD 5 Billion by The End of 2014
Dec 6, 2012Rio Tinto Group said that it is targeting savings of USD 5 billion by the end of 2014, while simultaneously boosting production at its iron ore, copper and alumina units. As per report Rio Tinto plans to cut the USD 5 billion in operating ...
Tags: Rio Tinto, iron ore, copper, alumina units
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Steel Growth Rates Will Flatten
Apr 8, 2012BHP Billiton Ltd. (RIO), the world’s biggest mining company, said China’s steel production is slowing as the world’s fastest-growing major economy starts to shift to focus more on consumers than large building projects. ...
Tags: industry trends, mining