Tag: Rio Tinto
Sulawesi nickel project in Indonesia
A local unit of Rio Tinto has been given a mining permit for a nickel project in Indonesia worth USD 2 billion.
BHP Billiton and Rio Tinto JV investigation
On 25 January 2010 the European Commission announced that it will open an investigation according to Article 101 of the Treaty on the Functioning of the European Union (TFEU) on the impact on the common market by the proposed joint venture between mining companies BHP Billiton and Rio Tinto.
EUROFER concerned over BHP and Rio Tinto JV
The European steel industry has recently restated its strong reservations against the joint venture of the iron ore companies BHP Billiton and Rio Tinto, which now has been signed by the two mining giants.
Rio Tinto and BHP Billiton iron ore JV
On 4 June 2009 Rio Tinto and BHP Billiton signed a non-binding agreement to establish a production joint venture covering the entirety of both companies' Western Australian iron ore assets.
BHP cuts jobs
BHP Billiton has announced that it plans to cut some 6000 jobs worldwide to cope with falling demand for its products.
RBM agreements South Africa
Rio Tinto and BHP Billiton’s South African joint venture, Richards Bay Minerals (RBM), has announced that agreements with a Broad-Based Black Economic Empowerment (BBBEE) Consortium have been signed, in which 24% of RBM will be transferred to a group comprising local communities and investors with a further 2% to be transferred to a trust for the benefit of RBM employees.
Madagascar project on track
Rio Tinto's new ilmenite project in Madagascar is on track to produce by the end of this year.
BHP plans new plant
BHP Billiton Ltd. and Rio Tinto Group's Richards Bay Minerals' titanium venture plans to spend USD 257 million on an ore retreatment plant and a power unit. The power plant will generate 40MW.
Steel industry review
The International Iron and Steel Institute (IISI) has issued a formal request that all relevant competition authorities review the proposed alliance between BHP and Rio Tinto.
