Rio Tinto

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Rio Tinto - Total results - 18
Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill
Business

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill

Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago.

'No immediate plans to retire, Vedanta needs my agression, risk-taking ability', says Anil Agarwal
Business

'No immediate plans to retire, Vedanta needs my agression, risk-taking ability', says Anil Agarwal

Agarwal has delisted his flagship Vedanta Resources from the London Stock Exchange (LSE) and is now concentrating on growing mineral mining and oil and gas businesses out of the India-listed firm, Vedanta Ltd.

Driverless mining train in Australia claimed as the 'world's largest robot'
science

Driverless mining train in Australia claimed as the 'world's largest robot'

The $940 million rail project was designed to ferry mining resources from remote regions to ports.

Hindalco, Vedanta boost aluminium sales to Japan as U.S. sanctions against Russia, import tariffs shake-up traditional supply routes
Business

Hindalco, Vedanta boost aluminium sales to Japan as U.S. sanctions against Russia, import tariffs shake-up traditional supply routes

India’s product has generally not been regarded as high enough quality by Japan’s demanding buyers, who have preferred top-tier producers like Rio Tinto, Alcoa and South32 as well as United Company Rusal.

Chhattisgarh Assembly: Speaker suspends 29 Congress MLAs for questioning firm with ties to Nirav Modi
Politics

Chhattisgarh Assembly: Speaker suspends 29 Congress MLAs for questioning firm with ties to Nirav Modi

Opposition Congress created an uproar in Chhattisgarh Legislative Assembly alleging that the state government has invited an associate company of Nirav Modi, an accused in Punjab National Bank scam, for investment in the state

Argyle Violet: 'Impossibly rare' violet diamond found in Australia
World

Argyle Violet: 'Impossibly rare' violet diamond found in Australia

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.

 Vedanta seeks to simplify, consolidate business structure
Business

Vedanta seeks to simplify, consolidate business structure

Anil Agarwal-led Vedanta recently hiked stake in its subsidiary Cairn India, oil and gas exploration firm, by nearly 5 percent.

Vibrant Gujarat 2015: Companies pledge to invest Rs 25 lakh cr
Business

Vibrant Gujarat 2015: Companies pledge to invest Rs 25 lakh cr

Corporates from India and abroad pledged to invest an astonishing Rs 25 lakh crore and signed 21,000 MoUs at the Vibrant Gujarat Summit

Vedanta's Anil Agarwal open to merging Cairn, HZL with Sesa Sterlite
Business

Vedanta's Anil Agarwal open to merging Cairn, HZL with Sesa Sterlite

consultants have been appointed to explore if it would make sense to merge the two firms into Sesa Sterlite.

Rio Tinto turns down Glencore's offer to form $160 bn mining giant
International

Rio Tinto turns down Glencore's offer to form $160 bn mining giant

A merger would have created the world's biggest miner, supplanting BHP Billiton.<br />

SAIL, RINL, NMDC to form SPV to buy Rio Tinto's Mozambique coal assets for $50 mn
Corporate

SAIL, RINL, NMDC to form SPV to buy Rio Tinto's Mozambique coal assets for $50 mn

Power producer NTPC and world's largest coal miner Coal India, who earlier wanted to disassociate from ICVL but are still under the fold, are not willing to take part in this particular acquisition

ICVL to nearly triple coal output from Rio Tinto's Mozambique mines
Corporate

ICVL to nearly triple coal output from Rio Tinto's Mozambique mines

Rio Tinto said on Wednesday it would sell the Benga mine and other projects in Tete province it bought via a $4 billion acquisition of Riversdale Mining in 2011 for just $50 million to the group, International Coal Ventures Pvt Ltd (ICVL).<br />

Rio Tinto to sell $4 bn Mozambique coal assets to ICVL for just $50 mn
Corporate

Rio Tinto to sell $4 bn Mozambique coal assets to ICVL for just $50 mn

The sale, to International Coal Ventures Private Limited (ICVL), includes the Benga coal mine and other projects in Tete province

How tigers might stop MP from becoming a global diamond mining source
Business

How tigers might stop MP from becoming a global diamond mining source

Though Rio Tinto may have completed all the formalities with respect to the reconnaissance and prospecting stages, it still needs to win the trust of environmentalists in the region who claim the project could threaten a tiger corridor about 100 km away.

Curbs on iron ore mining force firms to call it a day
Business

Curbs on iron ore mining force firms to call it a day

The bans, put in place as the government tried to clamp down on illegal mining, have cut the iron ore exports by around 85 percent, or 100 million tonnes, over the past two years. They have also reduced foreign exchange earnings by more than $17 billion in the same period.

Vedanta on lookout for new CEO; incumbent M S Mehta's term extended till Mar
Business

Vedanta on lookout for new CEO; incumbent M S Mehta's term extended till Mar

Future move of outgoing CEO Mehta is not known yet. He had joined Vedanta group in 2000 as senior Vice President in erstwhile Sterlite Industries and rose to serve the group in different capacities, including as CEO to various group companies -- Sesa Sterlite, Sterlite Industries and Hindustan Zinc.

SC gives go-ahead for auctioning mined ore in Goa
Economy

SC gives go-ahead for auctioning mined ore in Goa

The Supreme Court imposed a ban on exports and production in Goa last year in a crackdown on illegal mining.

India's crackdown on illegal mining is a huge bonus for big miners
Economy

India's crackdown on illegal mining is a huge bonus for big miners

Steps taken by central and state authorities to clean up the mining and export of iron ore have shut down output in two key producing states, slashing shipments and forcing steel mills to import a raw material the country has in abundance.