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Two former Mongolian PMs held in Rio Tinto mine probe

Ulaanbaatar - Two former Mongolian prime ministers have been arrested in connection with an investigation into allegations of corruption and misuse of power in mining deals with Anglo-Australian resources giant Rio Tinto, authorities said Thursday.

Mining giant Rio Tinto, two ex-chiefs charged with fraud

Sydney - Rio Tinto and two former top executives were charged with fraud by US authorities Wednesday, accused of inflating the value of the company's Mozambique coal assets and failing to disclose mounting losses.

Glencore makes new bid for Rio's Australia coal assets

Sydney - Rio Tinto said on Monday that Swiss commodities giant Glencore has upped its offer for the firm's Australian coal assets, raising the stakes in a bidding war with China-backed Yancoal.

'Impossibly rare' violet diamond found in Australia

Sydney - A rare violet diamond, the largest of its kind ever found at Australia's remote Argyle mine, will be the centrepiece of Rio Tinto's annual pink diamonds showcase, the company said Tuesday.

'Impossibly rare' violet diamond found in Australia

Sydney - A rare violet diamond, the largest of its kind ever found at Australia's remote Argyle mine, will be the centrepiece of Rio Tinto's annual pink diamonds showcase, the company said Tuesday.

'Impossibly rare' violet diamond found in Australia

Sydney - A rare violet diamond, the largest of its kind ever found at Australia's remote Argyle mine, will be the centrepiece of Rio Tinto's annual pink diamonds showcase, the company said Tuesday.

Rio Tinto first-quarter iron ore output drops

Sydney - Anglo-Australian mining giant Rio Tinto posted a fall in first-quarter iron ore production on Tuesday, blaming bad weather over western Australia.January-March output of 66.

Rio Tinto bounces back with US$3.67 bln annual profit

Sydney - Anglo-Australian mining giant Rio Tinto staged a dramatic turnaround in 2013 to report a US$3.67 billion annual net profit on Thursday, after a major cost-cutting drive that saw thousands of workers sacked and capital spending slashed.Rio's return to t...

Rio Tinto hits iron ore output, shipment records

Sydney - Mining giant Rio Tinto unveiled fresh production and shipment records for its flagship iron ore business Thursday, with both up five percent on-year in 2013.
 

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