Rio Tinto PLC (RIO.L)
16 Nov 2018
Wed, Nov 14 2018
LONDON Rio Tinto is among parties making a final offer for a minority stake in Teck Resources Ltd's Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8 billion, two sources close to the matter said.
LONDON, Nov 14 Rio Tinto is among parties making a final offer for a minority stake in Teck Resources Ltd's Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8 billion, two sources close to the matter said.
(Adds Trump comments, updates prices) BEIJING, Oct 30 Zinc and copper prices dropped on Tuesday, along with other base metals, after U.S. President Donald Trump warned new tariffs on Chinese goods in the absence of a trade agreement with China. Trump told FOX News Channel's "The Ingraham Angle" that he thinks there will be "a great deal" with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal is not possible. Bloomberg N
LONDON The refined zinc market looks super tight.
* Rally could be short-lived - analyst (Updates with closing prices)
JAKARTA Global mining giants Freeport McMoRan Inc and Rio Tinto have struck a binding accord to sell a majority stake in the world's second-biggest copper mine, Grasberg, to Indonesia's state mining company, Inalum for $3.85 billion.
* Permits, documents, money still needed for deal -Inalum CEO
* Indonesia's Energy Ministry plans to hold a ceremony on Thursday to mark the finalisation of a share purchase agreement involving Freeport McMoRan, Rio Tinto, and state miner Inalum, the ministry said in a document
Global miner Rio Tinto will return $3.2 billion to shareholders from its sale of Australian coal assets this year in addition to existing buyback programs, it said on Thursday.
* Lack of good assets to buy (Adds context, share price move)
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