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Rio Tinto Ltd (RIO.AX)

RIO.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rio Tinto to purchase $1.747 billion debt under Any and All Offer
Tuesday, 14 Jun 2016 04:13am EDT 

Rio Tinto Ltd : Rio Tinto to purchase $1.747 billion debt . $804 million in aggregate principal amount of 2.250 percent notes due 2018 will be purchased at a price of $1,024.36 per $1,000 principal amount of notes . $943 million in aggregate principal amount of 6.500 per cent notes due 2018 will be purchased at price of $1,108.33 per $1,000 principal amount of notes . Says the settlement date for the Any And All Offer will be 14 June 2016 .  Full Article

Rio Tinto launches new cash tender offers for up to $3 bln
Tuesday, 7 Jun 2016 08:22am EDT 

: Rio Tinto Plc says offer for any and all securities will expire on 13 June 2016 , unless extended .Rio Tinto launches new cash tender offers for up to $3 billion of its 2018, 2020, 2021 and 2022 notes.  Full Article

RCR Tomlinson signs construction contracts with MMG Ltd
Monday, 30 May 2016 06:40pm EDT 

RCR Tomlinson Ltd : RCR awarded $108M in new construction contracts . Announces contract with MMG Limited for the construction of a processing plant at MMG's dugald river project .Announces contract with Rio Tinto for the construction and commissioning of Rio Tinto's cape lambert power station, valued at approximately $35 million..  Full Article

Laramide Resources plans to commence exploration program in Rio Tinto Murphy Farm-In
Tuesday, 24 May 2016 08:37am EDT 

Laramide Resources : Got extension from Rio Tinto Exploration to complete certain work programs related to earn-in periods on Rio Tinto Murphy Farm-In, JV tenements . Plans to commence an exploration program in Rio Tinto Murphy Farm-In . Extension related to earn-in periods on Rio Tinto Murphy Farm-In, JV tenements in northern territory of australia . Amendments related to variation agreement include initial earn-in commitment to spend $1 million in exploration activities .Laramide Resources Provides Update On Rio Tinto Exploration Farm-In and joint venture and its equity investment in khan resources.  Full Article

Rio Tinto appoints Stephen Mcintosh acting group executive, technology & innovation
Tuesday, 24 May 2016 03:07am EDT 

Rio Tinto Plc : Statement re senior management changes . Has appointed stephen mcintosh as acting group executive, technology & innovation to succeed greg lilleyman, who will leave company after 25 years of service .Stephen will join rio tinto executive committee with immediate effect and retain exploration portfolio.  Full Article

Rio Tinto approves $5.3 bln Oyu Tolgoi copper expansion in Mongolia
Friday, 6 May 2016 02:33am EDT 

Rio Tinto Plc : Approves development of Oyu Tolgoi underground mine . Development of underground mine will start in mid-2016 following approval of a $5.3 billion investment by partners and recent granting of all necessary permits . First production from underground, which has an average copper grade of 1.66 per cent, more than three times higher than open pit, is expected in 2020 . Mine also benefits from significant gold by-products, with an average gold grade of 0.35 grams per tonne . Expansion provides an attractive investment for all shareholders with an expected internal rate of return of more than 20 per cent. . When underground is fully ramped up in 2027, Oyu Tolgoi is expected to produce more than 500,000 tonnes of copper a year . Parties have agreed a senior debt cap of $6 billion for project financing agreement, providing option for $1.6 billion of supplemental senior debt .Oyu Tolgoi is expected to produce 560,000 tonnes of copper a year, on average, between 2025 and 2030.  Full Article

Rio Tinto launches cash tender offers targeting $1.5 bln of its 2017 and 2018 notes
Thursday, 21 Apr 2016 07:09am EDT 

Rio Tinto:Launches cash tender offers targeting $1.5 billion of its 2017 and 2018 notes.Says using its liquidity position to reduce gross debt through early repayment of some near term maturing debt.  Full Article

Rio Tinto says to extend Channar Mining JV with Sinosteel
Thursday, 14 Apr 2016 06:34pm EDT 

Rio Tinto:Says to extend Channar Mining JV with Sinosteel.Says this extension will see 30 million tonnes of iron ore supplied into the joint venture".Channar joint venture extension will enable sales of up to 70 million tonnes of iron ore to sinosteel corp over next five years.In a separate agreement, Rio Tinto will sell up to 40 million tonnes of iron ore to Sinosteel between 2016 and 2021.  Full Article

Rio Tinto Ltd says Jean-Sébastien Jacques will succeed Sam Walsh - Reuters
Wednesday, 16 Mar 2016 11:14am EDT 

Rio Tinto Ltd:J-s Jacques to succeed Sam Walsh as Rio Tinto chief exec.Rio Tinto chief executive sam walsh will retire from the business on 1 July 2016.Jean-Sébastien Jacques to succeed sam walsh as Rio Tinto chief executive.On 1 July 2016, Sam Walsh Will also retire as a director after almost seven years on the Rio Tinto board.Says chris salisbury is appointed acting chief executive of the copper & coal product group.  Full Article

Rio Tinto completes sale of interest in Bengalla joint venture in Australia to New Hope Corp Ltd
Tuesday, 1 Mar 2016 02:00am EST 

Rio Tinto:Says that it has completed sale of its 40 percent interest in Bengalla coal joint venture in Australia to New Hope Corp Ltd for $616.7 million.  Full Article

Australian shares resume rally but New Zealand stocks edge lower

SYDNEY/WELLINGTON, July 20 Australian shares regained momentum on Wednesday, led by financial stocks on hopes of more easing in global monetary policy although New Zealand stocks retreated slightly from record highs after their run higher.