Declining Australian Dollar Leads to ASX Increase
Shares increased in Australia by 0.3 percent as firms exposed to the US market benefited from a declining Australian dollar.
Articles Tagged "ASX:RIO"
Rio Tinto to Sell Argyle’s Largest Red Diamond in 2013 Tender
Diamond – The Telegraph reported that at its annual Argyle Pink Diamonds Tender, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) will put the 1.56-carat Argyle Phoenix, the largest red diamond ever produced by its Australia-based Argyle mine, up for sale.
Rio Tinto Takes Argyle Underground, Steps Up Efforts to Sell Mines
Diamond – Rio Tinto is still looking to sell its diamond unit as Dominion Diamond and Anglo American seek to increase their exposure to the industry.
Rio Tinto’s Pilbara Expansion Moving Forward on Schedule
Iron – EPC Engineer reported that Rio Tinto has installed a new shiploader at the new wharf at Cape Lambert. The shiploader is a major part of the company's Pilbara expansion, which is progressing on schedule, and has a nominal annual capacity of 55 million tonnes.
Brown Diamonds Set to be the Next Big Thing
Diamond – Colin Ferguson of Rare Investment believes that prices for brown diamonds will rise dramatically in the next five years.
Oyu Tolgoi Hits Roadblock on Environmental, Social Concerns
Copper – MINING.com reported that the United States' refusal to vote on World Bank funding aimed at expanding Rio Tinto's (ASX:RIO,LSE:RIO,NYSE:RIO) Oyu Tolgoi copper-gold mine has thrown a wrench in the company's plans as it has created pressure for the company to substantially change the project. Among other things, the US is reportedly concerned that the project's Environmental and Social Assessment "has gaps in critically important information."
BHP Responds to China’s Iron Ore Price Manipulation Accusations
Iron – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has responded to allegations from China's National Development and Reform Commission that the top three iron ore miners — BHP, along with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Vale (NYSE:VALE) — and some traders manipulated the markets to show a shortage of iron.
Iron Market Update (February 18, 2013)
Iron – A brief overview of iron price developments, supply and demand and significant market movers.
Vale to Continue Upping Iron Ore Output After 2017 in Hopes of Regaining Market Share
Iron – Bloomberg reported that after reaching 400 million metric tons of iron ore output in 2017, Vale SA (NYSE:VALE) plans to increase its iron ore output by 20 to 25 million metric tons per year. Vale's plan is aimed at taking back the 6 percent of market share that it has lost to other major companies — such as BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) and Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO) — over the past six years.
BHP and Rio Tinto Plan To Sell Off Diamond Mines
Diamond – SMH reported BHP Billiton (NYSE:BHP) and Rio Tinto (ASX:RIO) are looking to sell their diamond mines and assets.
