Rio Tinto

Rio Tinto's Palabora enters into BEE talks

JOHANNESBURG (miningweekly.com) - JSE-listed copper producer Palabora, part of the Rio Tinto group, on Monday advised shareholders that the company had entered into discussions for a potential broad-based black...

PRESS DIGEST-Australian Business News - Nov 17 (AFX)

Compiled for Reuters by Media Monitors. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) --The largest buyer of Australian wines in the United Kingdom (UK), supermarket and liquor retailer Tesco (LSE: TSCO.L - news) , has imposed...

Engagement vs. Divestment

Forcing multinational corporations to pull out of totalitarian countries can yield disastrous results Multinational corporations operating in such countries as Myanmar, Zimbabwe, and China are easy targets for critics who...

Call to free up foreign investment

Jennifer Hewett | November 17, 2008 Article from: The Australian AUSTRALIA must free up its approach to foreign investment or risk falling behind as a favoured destination, according to a new study. "Amid this uncertainty,...

Opinion: Transport fuels shortage? Gen 2 biofuels are a real prospect for Australia

By Professor Robin J Batterham Recent world events have brought the issue of fuel supply into extremely sharp focus and while much public attention is currently focused on the government’s new auto industry plan, something of...

Miners review investment plans as China announces £397bn stimulus

Mining companies are reconsidering investment plans in the wake of a £397bn stimulus package put forward by China's government to avert the threat of a sharp economic slump in the country. There are no details as yet on what...

Rebel City investors need to pay up or shut up

Is the phoney war over between Barclays and the powerful City investors which own its shares, or was it merely the prelude to something nastier? If that's the case, then Barclays and everybody else should have been told that at...

The Observer Good Companies Guide: Industry with image problems is now beginning to clean up its act

Until recently, the vast majority of ethical investors have shunned mining companies because of the damaging environmental, social and health and safety impact they have inflicted. Mining often requires clearance of pristine...

BHP Billiton faces lost iron ore sales

SYDNEY (Reuters) - Mining giant BHP Billiton is facing lost sales of up to $600 million (403 million pounds) in its iron ore business in the second half of 2008, a newspaper reported on Saturday. The group's Chief Commercial...

ArcelorMittal's African iron ore mining gamble

The world's biggest steel company has said it will invest $1.5 billion in one of the poorest countries on earth. One reason is that the market price for iron ore, as for other commodities, has slumped in the wake of the global...