rio tinto

Southeast University Law School Professor Zhang Malin that merit, Rio Tinto and BHP Billiton have long to realize that this point.

Andrew Harding, head of Rio Tinto's copper division, said the softness in the Chinese market could persist for six months to a year.

A spokesman at Rio Tinto's headquarters in London said late Tuesday that the company was not yet aware that the charges had been filed.

In return, we want Rio Tinto to be a reliable and valued part of China's long-term development, ' he said.

Lakshmi Mittal is considering entering the takeover battle for Rio Tinto, the mining group, according to people familiar with the matter.

Rio Tinto n will owe it a $195 million break-up fee, on top of recent gains on its existing Rio stake.

Stern Hu, the Australian executive detained by China, was one of Rio Tinto's top price negotiators .

He promised that the Rio Tinto board would continue to run the company, and argued that Chinalco was paying a premium for the assets.

Hu was arrested a month after Rio Tinto rebuffed state-owned Chinalco's attempt to double its stake in the company.

And the company is expected to announce it is in advanced talks with BHP over a sale of some of Rio Tinto's Australian iron-ore assets.

It confirmed yesterday that Rio Tinto would pay it a $195m break fee for withdrawing from the deal.

Xiao Yaqing, president of Chinalco, said yesterday that the company was content with its minority interest in Rio Tinto.

It also confirms the growing market power of a few big mining companies, including BHP Billiton, Rio Tinto PLC and Vale.

Rio Tinto indicated it intends to hold out in hopes of securing bigger payouts from its Asian customers.

'Arguably some of the mud may stick, although there has been no direct linkage to Rio Tinto, ' he said.

Compared with the recent dust-up between Rio Tinto and Chinalco, this is just the virtuous circle that China is trying to draw offshore.

Rio Tinto said it was still waiting for regulatory clearance for the joint venture, which many steelmakers claim would be anti-competitive.

Rio Tinto was more attached to benchmark pricing but has become more receptive to a different system.

Rio Tinto said it would have to invest "over a billion dollars" in infrastructure to develop Riversdale's coal project in Mozambique.

A: As I said before, the Rio Tinto case is an individual judicial case.

Yet should one of those options to raise money be via a Rio Tinto-style deal with China, ArcelorMittal should think again.

June 15, Rio Tinto spokesman said the implementation of the prisoner exchange treaty could not comment.

Rio Tinto has not acknowledged that it has lost the title to the northern block of Simandou, which Vale now controls.

Harry Winston owns 40 percent of the mine and operator Rio Tinto, based in London, owns the remainder.

In addition, Vale, Rio Tinto and BHP Billiton will not see any big expansion in supply for the next two years.

'We have been advised by the Australian government of this surprising allegation, ' a spokeswoman for Rio Tinto said.

China may disagree, but the best way to clear the air would be simply to make its own legitimate, honestly priced bid for all of Rio Tinto.

In recent weeks, such tensions have been nowhere in sight. Rio Tinto expressed a desire to move on.

Just like any other over-leveraged asset manager, Rio Tinto is reining in the non-essential spending.

"China's meeting memos were secretly leaked to Rio Tinto, " The Economic Observer, a state-controlled Chinese newspaper, reported Friday.

It's difficult to think of who else Rio Tinto could approach right now to raise a sum speculated to be as high as $15 billion.

They can barely dig it out fast enough to meet demand. Rio Tinto plans to double its 2007 iron-ore production (160m tonnes) in four years.

This culminated in a bid by one of the world's biggest diversified miners, BHP Billiton, for another, Rio Tinto, in November 2007.

Aluminum Corp of China suspended its shares yesterday amid expectations of a deal with Rio Tinto, the Anglo-Australian miner.

Chinese companies have been talking about taking a stake in miner Rio Tinto, the target of a bid from BHP Billiton.

Rio Tinto yesterday said it was still negotiating with its Chinese clients.

So, too, will the deal on tax that she struck with BHP Billiton, Rio Tinto and Xstrata, Australia's three biggest mining companies.

Chinalco is already the single largest shareholder in Rio Tinto Group, with 9. 25 per cent, but has no board representation.

At Rio Tinto, a mining firm with a habit of digging holes for itself, a fifth of voting shareholders rejected its remuneration policy.

Recent warnings from miners Rio Tinto and Alpha Natural Resources of a reversal of orders and tepid US petrol demand are ominous.

The case was broken into two parts, allegations the four Rio Tinto employees accepted bribes and that they stole industrial secrets.

A 2009 bid by the state-owned Chinalco, the top Chinese aluminum producer, to take a stake in the mining company Rio Tinto was abandoned.

Unlike Fortescue, Rio Tinto's survival was not in doubt, but it faced an extraordinarily difficult refinancing.

Rio Tinto chief executive Tom Albanese said completion of the joint venture would be a "priority" in 2010.

BHP Billiton pressed the case for its proposed takeover of rival Rio Tinto as it unveiled record full-year profits yesterday.

Chinese prosecutors never publicly detailed what information the men -- who were later fired by Rio Tinto -- possessed.

Rio Tinto denies wrongdoing by the men, who await trial on reduced charges of bribery and theft of commercial secrets.

JSHY seamless steel pipe, we experienced experts say: the case of Rio Tinto is still pending, but Rio Tinto, the situation is more worse.

It said that after "careful consideration" the board had concluded the offer "significantly undervalues Rio Tinto and its prospects" .

IT WAS a deal Rio Tinto had been resisting for months.

A Chinese bid or purchase of a large stake in Rio Tinto would test Kevin Rudd, Australia's Labor prime minister, who speaks Mandarin.

If the potential agent is unwilling to identify the project unless Rio Tinto makes a commitment, the conversation should be terminated.

'We are much larger than BHP in terms of iron ore, ' said Sam Walsh, chief executive officer of Rio Tinto's iron-ore division.

BHP Billiton and Rio Tinto slid at least 1 percent after scrapping an iron-ore joint venture.

At the time, Rio Tinto was involved in tense and often acrimonious negotiations over the annual price of iron ore.

Other steel mills are likely to take up the slack, according to Sam Walsh, head of Rio Tinto's Australian-based iron-ore operations.

But time is running out for an agreement with Vale, Rio Tinto and BHP Billiton, with an informal deadline of June 30.

Vale, Brazil's mining giant, recently picked up a clutch of assets from Rio Tinto, its debt-laden Anglo-Australian rival.

'We do not see this pricing agreement as relevant to our pricing for fiscal 2009, ' a Rio Tinto spokesman said at the time.

BHP, Rio Tinto and Brazilian mining company Vale are the top three suppliers of iron ore to China.

Chinalco's $19 billion bid for a stake in Rio Tinto and its Australian iron-ore mines leaps to mind.

It is reported that the Australian side has summoned the Chinese Ambassador on the case of the arrest of staff members from Rio Tinto.

'Receiving bribes is a clear violation of Chinese law and Rio Tinto's code of conduct, ' said Sam Walsh, head of the iron-ore division.

Rio Tinto has seen four of its employees sentenced to lengthy prison terms for taking bribes from Chinese firms.

A trial of four Rio Tinto Ltd. (RIO. AU) executives in Shanghai concluded Wednesday without immediate word on a verdict, lawyers said.

Tom Albanese, Rio Tinto's chief executive, said that the group had seen a recovery across most of its commodities.

Not long ago Rio Tinto, another Anglo-Australian giant, reported record profits for the first half of the year.

In 2008, BHP abandoned its hostile bid for a then debt laden Rio Tinto as the global financial crisis deepened.

Vale of Brazil, Rio Tinto and BHP Billiton recently began talking to Japanese customers about setting a benchmark price for the metal.

Certainly M&A watchers have seen a number of deals where China agreed to pay richly for assets, a la its Rio Tinto plays.

In the time since the case broke, there has been little discussion of Rio Tinto and BHP merging.

BHP Billiton Ltd. and Rio Tinto Group advanced more than 2 percent as Chinese manufacturing expanded for a fourth month.

And Top miners BHP Billiton and Rio Tinto jumped, while Australia's biggest independent oil and gas group, Woodside Petroleum, also surged .

Rio Tinto initially said its employees have always acted ethically but more recently has declined comment on the investigation and case.

The Chinese authorities have detained four employees of the British-based mining firm Rio Tinto.

Jan du Plessis, now the chairman of British American Tobacco, was named as the new chairman of Rio Tinto, a mining giant.

Over the past three months, the relationship between Rio Tinto and China has lurched from one crisis to the next.

Facing the market, even three mines Rio tinto has also cannot be redeemed.

The situation has left the government scrambling to make up the gap, putting the Rio Tinto deal directly in the cross hairs.

Rio Tinto and BHP Billiton are already selling almost half of their supplies on the spot market, with Vale also ramping up spot sales.

Chinese enterprises also have substantial stakes in minerals heavyweights Rio Tinto and Fortescue Metals.

Analysts speculated that mining rivals Vale, of Brazil, and the Anglo-Australian company Rio Tinto could consider counteroffers.

BHP Billiton and Rio Tinto formally abandoned their proposal to combine iron-ore production in the Pilbara region of Western Australia.

Rio Tinto made public the terms of an investment from Chinalco .

The big points are that Albanese wants Beijing to regard Rio Tinto as its resources development partner in places like Africa.

If the U. K. and Australia's bubbles look impressively big at first glance, remember two names: Rio Tinto and BHP Billiton.

The biggest blow, however, to the credibility of state-owned industry came in another dispute with Rio Tinto.

Guy Elliot, Rio Tinto's finance director , said most Chinese metals demand was for infrastructure rather than exports.

Companies such as Rio Tinto are therefore prepared to be more aggressive in doing deals, Ms Perrott-Humphrey says.

She said Rio Tinto is 'very bullish' on copper.

A Riversdale spokesman declined to comment. Rio Tinto was not immediately available to comment.

Nine months ago commentators at China's official Xinhua news agency were rueing Rio Tinto's "perfidy" in "kicking down the ladder" .

Vale and Rio Tinto have also sold a significant chunk of this year's production on the spot market.

The mineral rights are concentrated in BHP Billiton, Rio Tinto, the international mining giant Freeport hands.

The four men were suspected of obtaining inside information that helped Rio Tinto during the talks.

Rio Tinto has about $40 billion of debt associated with its purchase of aluminum producer Alcan Inc. BHP Billiton has $6. 3 billion in debt.

Rio Tinto said its new, $1. 5 billion Brockman 4 iron-ore mine could double its initial capacity of 22 million metric tons a year.

Rio Tinto has not announced a contract, but executives expect it to soon.

Rio Tinto's case there caused attentions and concerns from the industry and social sectors for the trade secret.

Rio Tinto says allegations that its employees were involved in bribery are "wholly without foundation. "

Q: According to Chinese media, besides Rio Tinto, senior executives from other five steel plants have been detained or questioned.

Four Rio Tinto employees, including an Australian citizen, have been held in Shanghai for the past month.

Rio Tinto has offices in Shanghai, Beijing and Guangzhou, China, according to its Web site.

Rio Tinto declined to comment on details of its discussions with Chinalco.

That is the game miners Rio Tinto and BHP Billiton have been playing since the latter proposed a merger in November.

Rio Tinto has declined in recent months to reiterate initial denials that its China team had done anything wrong.

Such is the fate of the western Australian iron ore joint venture between Rio Tinto and BHP Billiton.

Shortly afterward, all four Rio Tinto employees were found guilty of taking bribes and commercial secrets.

China is by far the world's largest consumer of seaborne iron ore, and is the biggest customer of Rio Tinto and BHP.

Rio Tinto made more than three quarters of its profits from iron ore this year.

Rio Tinto's "pioneering strategic partnership" with Chinalco was junked after events overtook it.

Beijing hasn't brought official charges against Rio Tinto or its employees, or spelled out details of the bribery allegations.

A: China will handle the Rio Tinto case in light of China's laws and legal procedures.

Rio Tinto is thought to be among the most profitable foreign companies in China with around $11 billion in annual sales.

But the issue on many investors' radar screens recently is China's arrest of four Rio Tinto employees on suspicion of bribery .

Chinalco has every right to buy shares in Rio Tinto if it wants to and it paid a generous price.

Rio Tinto and BHP Billiton are the world's second and third-largest iron ore producers, respectively.

China Aluminum Corporation, or Chinalco, announced Thursday it would invest $19. 5b in international mining giant Rio Tinto Group.

A source familiar with the situation told Reuters talks with Rio Tinto continued but declined to comment on the media report.

The surge came as miners Rio Tinto, BHP Billiton and Vale of Brazil reported strong demand for iron ore and coking coal.

Australia's Parliament passed a mining tax on companies that operate in the country, which include BHP Billiton and Rio Tinto.

It is now the world's second-largest miner: smaller than BHP Billiton, but bigger than Rio Tinto and other better-known rivals.

Rio Tinto recently closed Anglesey Aluminium in Britain after its power contract expired.

Earlier this year, the Guinean government said Rio Tinto was moving too slowly and awarded half the rights to BSG.

Rio Tinto was not told what happened to the employees; neither were their families.

Mr. Walsh said Rio Tinto's board is likely to approve the expansion's first stage late this year.

Japanese steelmaker shares fell after China agreed to record iron-ore price increases from Rio Tinto.

Rio Tinto has previously said there is no evidence that its employees did anything wrong.

A London-based spokesman for Rio Tinto said that Albanese visits China fairly regularly and is likely to attend the development forum.

The move by Chinalco is not regarded as a blocking stake to BHP Billiton's bid for Rio Tinto.

Rio Tinto ore production so far this year about 50% sold in the spot market.

The detention of the Rio Tinto executives is hanging over this year's negotiations.

The diversified mining companies Rio Tinto and BHP Billiton also curbed production.

Rio Tinto's answer is a plan to move ore from mines to ports on a fleet of driverless trucks and trains, starting in 2010.

Rio Tinto's ongoing discussions with Aluminum Corporation of China (Chinalco) also continue.

Goodyear's tenure at BHP Billiton was bookended by the shadow of industry rival Rio Tinto.

Around the same time, Rio Tinto, BHP and Vale took a tougher line in the iron ore negotiations.

Four Rio Tinto executives were imprisoned in dubious circumstances.

This transaction will deliver superior value for Rio Tinto shareholders.

Q: It is reported that the defendants of the Rio Tinto case have admitted taking bribes.

Export-Import Bank of China has also offered to directly lend to Rio Tinto to support its cooperation with Chinalco.

Anglo-Australian mining companies Rio Tinto and BHP Billiton declined to comment.

The relationship between Rio Tinto and China requires an entire branch of Sinology to itself.

Rio Tinto contends that it still has full mining rights to the acreage.

Rio Tinto primarily sells iron ore, a mineral devoured in rising quantities by China's steel industry, the world's largest.

That might boost some commodity prices, like foods; less so the metals that Rio Tinto and BHP produce.

Other resources plays also got a boost, with Australian heavyweights BHP Billiton and Rio Tinto each adding 2. 6%.

Rio Tinto has used surrounding villagers to plead its case to the Guinean government.

How will Rio Tinto and its fellow miners spend their fortunes?

Unlike in past years, Rio Tinto executives aren't among those due to appear on stage, according to the draft agenda.

A: Regarding the Rio Tinto case, the Chinese judicial authorities are dealing with it independently according to law.

Spurred in part by rising demand, iron-ore prices marched upward, driving sales and profits for Rio Tinto and other big miners.

Rio Tinto Group fell with mining companies as China moved to cool its overheating economy.

We recognize that China will need more metals and minerals from companies like Rio Tinto.

Since taking the helm of Rio Tinto Jan du Plessis has stressed his willingness to listen. Good.

Then China detained four Rio Tinto employees from the miner's Shanghai operations.

Basic-resources stocks followed metal prices lower, paced by Rio Tinto Group.

Some may have in mind cases like Google and Rio Tinto. Facts speak louder than words.

The Rio Tinto case has highlighted how the actions of foreign companies that operate in China put them at potential risk, analysts say.

Rio Tinto said it was officially still in discussions.

Mining giant Rio Tinto has recorded a massive 23% decline in the 2nd half-year profit in 2009 due to a fall in iron ore prices.

It bought into Rio Tinto's British holding company, rather than the more sensitive Australian shares.

And by completing and Aluminum transaction, Rio Tinto will be the platform.

Rio Tinto and BHP Billiton anticipate completion of the production joint venture in the second half of calendar year 2010.

The giant opencast mines of Rio Tinto create a surreal, almost lunar landscape.

BHP shareholders can share in the greater growth prospects in Rio Tinto's iron ore assets.

But Beijing has complained for years that a clutch of big foreign ore suppliers, including Rio Tinto, charge too much.

Rio Tinto and BHP Billiton want an even higher price, on the basis that it costs the Chinese less to ship ore from Australia.

Rio Tinto had no representatives in the courtroom, and it is unclear whether family members were there.

A: As for staff members of Rio Tinto stealing China's state secrets, the competent authorities will handle the case according to law.

In 1996, Rio Tinto's exploration team was invited to Guinea by the mining minister to perform initial work to find iron ore.

Rio Tinto spokesman declined to comment beyond Mr. Albanese's remarks.

When BHP Billiton first bid for Rio Tinto, the two miners' relative market capitalisations stood at roughly 63% to 37%.

Except Rio Tinto, there are also many MNC involve in Commercial Bribery Case in previous time like Siemens and Roche.

Yet, resources analysts say they have a hard time understanding the accusations that Rio Tinto employees illegally obtained information.

The hacking attacks on Google and the trial of Rio Tinto executives have hardly helped.

Rio Tinto Group paced declines by mining stocks, losing more than 2 percent as metals prices dropped.

The Rio Tinto case has prompted concern among foreign companies.

Instead, Rio Tinto formed an alliance with BHP Billiton, the world's biggest mining company.

Both BHP and Rio Tinto have ambitious plans to boost ore production at Pilbara.

Rio Tinto said negotiations were continuing.

The situation beckons for smooth ties between the largest supply company, Rio Tinto, and the Chinese steel industry.

One obvious cost for China is the failure of Chinalco's investment in Rio Tinto.

BHP Billiton , Rio Tinto's larger rival, ended a six-year run of record profits.

The Chinalco-Rio Tinto approach has one flaw: It isn't clear it actually worked.

China, which needs iron ore to make steel and other metals, is Rio Tinto's biggest iron-ore customer.

Despite their failed deal, Rio Tinto and the Chinese continue to have an interdependent relationship.

In early 2009, Rio Tinto was frazzled and, mid-crisis, groaning under $40bn of Alcan acquisition debt and scrabbling for cash.

Are there any foreign iron ore enterprises related to Rio Tinto case under investigation?

Vale, which recently made a $3. 8 billion purchase of fertilizer assets, declined to comment. Rio Tinto didn't immediately return a call.

The tie-up of BHP and Rio Tinto has increased their monopoly power further.

Rio Tinto will today present a rescue plan devised by Chinalco, the Chinese state-controlled aluminium company.

Since that deal, Rio Tinto has been under pressure to divest assets and raise money.

Rio Tinto Group led basic-resource shares lower as metals slid.

Rio Tinto has denied all charges against its employees.

First-quarter shipments from Rio Tinto's Western Australian iron ore mines totaled 39 million tonnes, down 9 percent year-on-year.

BHP Billiton Ltd. and Rio Tinto Group led mining shares lower.

Miners, which tend to trade as China Plays, are also down, with Rio Tinto down 2% and BHP Billiton off nearly 3%.

Last week Rio Tinto, the world's second-largest iron ore exporter, reported a 49 percent gain in fourth-quarter output.

Rio Tinto hasn't commented on the specifics of the case in recent months.

Rio tinto, BHP and CVRD really holds the world's most quality iron ore resources, rather than for the Chinese market share.

Eons later, the diamonds were mined by the Rio Tinto Group from Juina in Brazil.

Around 20 Chinese steelmakers have long-term supply contracts with Rio Tinto.

Rio Tinto has taken a number of steps in recent months that appear aimed at improving relations in China, its single largest market.

Shares in companies such as Rio Tinto and BHP Billiton, both partly Australian-owned, slumped following the news.

The acts of some Rio Tinto staff have severely undermined China's interests.

With our experience Rio Tinto can help meet this need. '

Three of Mr. Hu's Rio Tinto colleagues received sentences ranging from seven to 14 years.

"You are mortgaging part of Rio Tinto to China. It's something you will regret. "

IN ONE respect Rio Tinto's relationship with China is clear.

Rio Tinto has consistently opposed the bid.

Rio Tinto, a global mining giant, has offered A$3. 9 billion for Riversdale, which has mines in Mozambique.

Nearly 30% of Rio Tinto's earnings come from iron-ore operations, compared with about 15% for BHP.

The big question now is what happens to Rio Tinto.

Rio Tinto, its nearest rival, saw four employees convicted last month of taking bribes and stealing commercial secrets in China.

A $19. 5bn investment by Chinalco into Rio Tinto collapsed in June when the Anglo-Australian miner abandoned talks.

The head of Rio Tinto's iron-ore operations in China was detained on suspicion of stealing state secrets.

Rio Tinto will meet Chinese steelmakers for further talks next week, the people said.

Rio Tinto Group jumped 1. 2 percent, leading basic resources companies higher across Europe.

'Rio Tinto wants to build a broad, genuine partnership with China, based on shared interests.

Rio Tinto's dilemma has been somewhat less agonising.

But the corroboration is great news for miners with high volume and low production cost assets, such as BHP Billiton and Rio Tinto.

Within 24 hours of central bank chief Glenn Stevens flagging the China risk, Aussie miner Rio Tinto unveiled plans to slash 14, 000 jobs.

Rio Tinto has said it needs 100% of the reserves to make the $6 billion project viable.

Is the Rio Tinto case interesting?

Mr. Thiam said Rio Tinto can still profit from a 50% stake.

Aluminium production by Rio Tinto, theworld's biggest producer, was broadly flat in the fourth quarter at 962, 000tonnes.

Rio Tinto's net earnings almost tripled in 2010, while net profit at Xstrata rose by 86%.

"Other companies have joint ventures with Rio Tinto . . . so they have just as much influence. "

Chinalco's new investment in Rio Tinto will facilitate Rio's access to mineral prospects in China, Mr Xiao said.

Rio Tinto has sought to distance itself from the corruption case brought against its employees in China.

Vale and Rio Tinto have favored contract pricing because it offers more stability.

BHP Billiton Ltd. and Rio Tinto Group both fell more than 2 percent as copper declined for the first time in five days.

The Rio Tinto case has huge ramifications for multinationals doing business in China.

The figure of $100 billion far exceeds what Rio Tinto itself has reported generating from business in China in recent years.

Rio Tinto, a mining giant, forecasts that China's consumption will more than double to 31. 5m tonnes by 2020.

Rio Tinto (RTP, news, msgs), a diversified mining company, up 7. 3%.

Rio Tinto Group fell 3. 1 percent, leading basic-resource stocks lower.

Rio Tinto's number two executive in China was pinched by Shanghai police in July, along with three colleagues.

In 2001 the newly merged company was only just bigger than Rio Tinto, an Anglo-Australian miner that is its nearest competitor.

The past fortnight has been tumultuous for Rio Tinto.

The Rio Tinto case is handled by the Chinese judicial authorities according to law.

"Our entry will greatly advance Rio Tinto's efforts for exploration in China. "

BHP Billiton Ltd. and Rio Tinto Group rose more than 1. 5 percent as China's industrial production surged 13. 9 percent in August.

Other mining stocks rose in Sydney as investors switched into them, with Rio Tinto rising 2. 8% and Fortescue Metals Group climbing 2. 6%.

The Government says it is staying in close contact with Mr Hu's wife and Rio Tinto.

A big test of the government's role in overseas investment will be BHP Billiton's bid for Rio Tinto.

Rio Tinto and BHP want more than 71%, saying they deserve a premium because they are closer and can deliver the ore faster.

Iron ore was the most profitable commodity last year for Rio Tinto, BHP Billiton and Vale, the world's three big producers.

Royal Dutch Shell skidded 4. 3% and miner Rio Tinto slumped 5%.