Key Developments: Rio Tinto Ltd (RIO.AX)

RIO.AX on Australia Stock Exchange

61.21AUD
22 Oct 2014
Price Change (% chg)

$1.24 (+2.07%)
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$59.97
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$71.30
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Latest Key Developments (Source: Significant Developments)

Rio Tinto completes Rio Tinto Coal Mozambique sale
Wednesday, 8 Oct 2014 03:02am EDT 

Rio Tinto:Says it has completed the sale of Rio Tinto Coal Mozambique to International Coal Ventures Private Ltd following the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals.Says the sale, announced on July 30, comprises the Benga mine and other coal projects in the Tete province of Mozambique.  Full Article

Rio Tinto agrees sale of coal assets in Mozambique
Wednesday, 30 Jul 2014 02:03am EDT 

Rio Tinto Ltd:Reaches an agreement to sell Rio Tinto Coal Mozambique, which comprises the Benga coal mine and other projects in the Tete province of Mozambique, to International Coal Ventures Private Limited (ICVL) for $50 mln.Assets were acquired by Rio Tinto as part of its acquisition of Riversdale Mining Limited in 2011.Sale is subject to certain conditions precedent and regulatory approvals.Transaction is expected to close in the third quarter of 2014.During the transition to the new owner, Rio Tinto will continue to manage the mine to the highest safety and environmental standards.Rio Tinto‚Äôs other assets in the country are unaffected by this transaction.  Full Article

Rio Tinto completes sale of interest in Clermont Mine to Glencore and SUMITOMO Corp jointly owned entity GS Coal Pty Ltd
Monday, 2 Jun 2014 02:00am EDT 

Rio Tinto:Says it completed the sale of its 50.1 pct interest in the Clermont Joint Venture to GS Coal Pty Ltd, a company jointly owned by Glencore and Sumitomo Corporation, for $1.015 bln.Under the terms of the sale, Glencore has now taken over management of Clermont Mine, which produces thermal coal in central Queensland.  Full Article

Government of Guinea and its partners, Rio Tinto, Chinalco and the IFC signs Investment Framework for the project
Monday, 26 May 2014 06:29pm EDT 

Rio Tinto:Says Conakry, the Government of Guinea and its partners, Rio Tinto, Chinalco and the IFC, signed the Investment Framework (IF) for blocks 3 and 4 of Simandou, the project.The Government of Guinea will submit the IF for the consideration of the Guinean National Assembly in order to seek its ratification.Once ratified the project partners will finalize, within about one year from ratification, the Bankable Feasibility Study which will confirm all the project parameters including cost and timeline.In parallel, the parties, under the leadership of Rio Tinto, are working together to assemble a consortium of investors who will finance, build and own the multi-user 650km railway and deep-water port infrastructure within the agreed timeframe.  Full Article

Emed Mining Public announces transfer of mining rights Rio Tinto
Friday, 11 Apr 2014 09:45am EDT 

Emed Mining Public Ltd:Says transfer of the Mining Rights (AS) for the Rio Tinto Copper Project owned by Emed Mining Public (EMED) Mining through its Spanish subsidiary EMED Tartessus.  Full Article

Rio Tinto Ltd announces final dividends
Friday, 14 Mar 2014 04:00am EDT 

Rio Tinto Ltd:Says final dividends of 65.82 pence or 120.14 australian cents per share will be paid on April 10.  Full Article

Rio Tinto Ltd's board fixes 2014 interim dividend dates
Tuesday, 25 Feb 2014 08:44pm EST 

Rio Tinto Ltd;:Fixes record date as Aug. 15 for 2014 interim dividend.Ex-dividend date Aug. 13, Payment Sep. 11.  Full Article

GPM Metals Inc announces signing of earn-in / joint venture agreement with Rio Tinto Ltd's Rio Tinto Exploration Pty Limited
Monday, 27 Jan 2014 09:00am EST 

GPM Metals Inc:Says through its wholly owned subsidiary DPG Resources Australia Pty Ltd (DPG) announces that it has entered into, an Earn-In/Joint Venture Agreement with Rio Tinto Exploration Pty Ltd, a wholly owned subsidiary of Rio Tinto Limited (Rio Tinto).Says covering base metal exploration and development rights, in relation to certain granted exploration tenements and tenement applications in McArthur Basin Mining District, Northern Territory, Australia.Says the company and GPM have entered into a definitive Two Stage Earn-In / Joint Venture Agreement granting GPM an initial 51% interest under certain conditions that include.Says 1. payment of A$1,000,000.00 on signing 2. Minimum expenditure of A$2,000,000 within 3 years of effective date 3. Combined expenditures of A$20,000,000.00 over a 10 year period.Says it may increase its interest to 75% by completing a Feasibility Study within 3 years of completing Stage One.  Full Article

Trafigura agrees off-take deal for Rio Tinto Ltd's Oyu Tolgoi mine-Reuters
Monday, 16 Dec 2013 04:26pm EST 

Rio Tinto Ltd:Trafigura has agreed to provide financing for the massive Oyu Tolgoi mine in Mongolia in exchange for a long-term deal to buy an undisclosed portion of the output-Reuters.Rio Tinto, majority owner and operator of Oyu Tolgoi, copper and gold mines, has spent months wrangling with the Mongolian government about plans to expand from an open pit into an underground operation.Trafigura referred to the off-take deal in its first fully public annual report since being set up 20 years ago.  Full Article

Rio Tinto Ltd to suspend production at Gove alumina refinery
Thursday, 28 Nov 2013 05:28pm EST 

Rio Tinto Ltd:Says that it will move to suspend alumina production at Gove and focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment.Says it will work on the scope and phased timing of suspension and prepare for all potential outcomes over coming months.Says the company will be consulting with employees and the community in coming weeks to develop detailed plans regarding the timing and phases for ramping down the refinery.Says there will be no immediate change to refinery operations.Says at this early stage, it is expected the process of suspending production would start in the first quarter of 2014 and be phased during the year.  Full Article

Australia shares rise 1 pct on recovery in resources, BHP, Rio climb

SYDNEY, Oct 14 - Australian shares rose 1 percent on Tuesday, underpinned by a recovery in the resources sector as iron ore, copper and other base metals rebounded, though a survey showing a dip in business conditions curtailed buying.

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