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DIVERSIFIED MINER

Rio Tinto announces two board appointments

Mining giant Rio Tinto has appointed Anne Lauvergeon and Simon Thompson as non-executive directors to its boards, with both also appointed to the sustainability and nominations committees. Lauvergeon, who will assume her role on March 15, has...
6th March 2014
 
DIVERSIFIED MINERS

Rio Tinto H1 earnings down amid softer commodity prices

Lower commodity prices in the six months to June 30 contributed to diversified mining giant Rio Tinto reporting lower earnings for the period. The group on Thursday posted a 71% drop in first-half net earnings to $1.72-billion, compared with net...
8th August 2013
 
DIVERSIFIED MINER

Walsh sets stringent cost control measures as Rio posts $2.9bn net loss

Sam Walsh Mining giant Rio Tinto’s new CEO Sam Walsh on Thursday set out stringent cost control measures in an effort to return shareholder value. “Under my leadership, Rio will have an unrelenting focus on pursuing greater value for shareholders. To...
14th February 2013
 
Rio Tinto plc

Company Announcement: Rio Tinto impairments and management changes PDF Available

Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion in its 2012 full year results
17th January 2013
 
DIVERSIFIED MINER

Rio's Albanese steps down as impairments weigh on company

Tom Albanese Mining giant Rio Tinto on Thursday made the shock announcement that CEO Tom Albanese would step down after the company reported a $14-billion impairment for 2012. Iron-ore chief Sam Walsh has been appointed as his successor, effective immediately.
17th January 2013
 
DIVERSIFIED MINER

Petmin says market remains depressed, posts R112.7m profit

JSE- and Aim-listed Petmin is expecting improved production and sales volumes from its flagship Somkhele operation in the 2013 financial year, but said the anthracite mine would operate below capacity as a result of depressed market conditions....
19th September 2012
 
Electra Mining

Labtech Africa a leading supplier of sampling and sample preparation equipment Video Available

Labtech Africa was established in February 2001 as a leading supplier of sampling and sample preparation equipment throughout Africa, including South Africa. Through sustained design and delivery of cutting edge technology, Labtech Africa is able...
30th August 2012
 
DIVERSIFIED MINERS

Rio Tinto’s 2012 capex plan remains in place despite lower profit

Diversified mining giant Rio Tinto would still stick to its $16-billion capital expenditure plan for 2012, despite reporting an earnings drop on the back of lower prices, CEO Tom Albanese said on Wednesday. First-half underlying earnings declined...
8th August 2012
 
EXECUTIVE CHANGES

Rio announces executive changes, CFO to retire

Diversified miner Rio Tinto on Thursday announced major executive changes, as well as the retirement of its CFO Guy Elliott at the end of 2013. The miner said in a statement that Elliott would remain on the board of directors, and had been...
12th July 2012
 
ANTI CORRUPTION

Rio, BHP score high in transparency ranking

Mining giants Rio Tinto and BHP Billiton have come up tops in a recent report by anti-corruption group Transparency International. Out of the 105 largest publicly-traded companies, Rio and BHP placed second and third respectively, with Norway’s...
11th July 2012
 
DIVERSIFIED MINERS

Big business should regain trust – Rio Tinto chair

Diversified miner Rio Tinto chairperson Jan du Plessis has challenged major corporations to regain the trust lost during the global financial crisis, saying that business confidence could only be re-established once this was done. Speaking in...
5th July 2012
 
DIVERSIFIED MINER

Rio Tinto chair more confident than 6 months ago

Diversified miner Rio Tinto chairperson Jan du Plessis said on Thursday that while the global economy continued to experience volatility, the economic picture had improved. He told shareholders at Rio Tinto’s annual general meeting in Brisbane,...
10th May 2012
 
 
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