Rio Tinto PLC (RIO.L)
17 Apr 2015
LONDON - Rio Tinto, the world's second largest mining company, warned of "continued bumps" in its key iron ore market and vowed to stay focused on slashing costs to be the last man standing at a tough time for the sector.
LONDON, April 16 - Rio Tinto, the world's second largest mining company, warned of "continued bumps" in its key iron ore market and vowed to stay focused on slashing costs to be the last man standing at a tough time for the sector.
LONDON, April 16 - Rio Tinto's iron ore cost of production has fallen from an average of $19.50 a tonne in 2014 to around $17 so far this year, the head of the world's second-largest mining company said on Thursday.
SYDNEY, April 14 - Australian shares fell 0.2 percent on Tuesday as investors backed away from testing 6,000 points on the benchmark index, selling mining stocks like BHP Billiton and Rio Tinto amid a slump in iron ore prices.
* Consumer sentiment sluggish (Adds quotes, stocks on the move)
MELBOURNE, April 10 - BHP Billiton came under fire from Australian Senators on Friday for not revealing how much profit it made or tax it paid at its Singapore marketing hub, amid a wider inquiry into profit-shifting by multinationals to avoid tax.
MELBOURNE - Australia's treasurer has told business representatives he would not allow Glencore Plc to merge with Rio Tinto due to concerns about losing tax revenue, a person familiar with his comments said on Wednesday.
* Commodity price slump weighs on Glencore firepower in any bid (Recasts; adds comment from source, treasurer's office)
MELBOURNE - Australia is pursuing global miners BHP Billiton and Rio Tinto for shifting billions of dollars in iron ore profits through marketing hubs in Singapore that pay almost no tax, the Australian Financial Review reported on Tuesday.
* Glencore, Tohoku set thermal coal price at $67.80/T -sources
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Rio Tinto PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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