China continues to show off its influence over the London market as some of the big miners took a heavy dent on the first day when most trading desks were full after the festive celebrations.
Rio Tinto Group
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Sunday 07 February 2010
Mining giants BHP Billiton and Rio Tinto will update the markets on their financial performance this week against the backdrop of difficult talks with China over iron ore pricing.
Wednesday 03 February 2010
The world's biggest iron ore producers have opened negotiations aimed at setting the annual price of the commodity, according to reports from China yesterday.
Monday 25 January 2010
European competition authorities today opened an investigation into BHP Billiton and Rio Tinto’s huge iron ore joint venture in Western Australia.
Tuesday 12 January 2010
Chinese police have concluded investigations into four employees of the Australian mining giant Rio Tinto, who were arrested last year on suspicion of bribery and corporate espionage.
Wednesday 09 December 2009
Eurofer, the European steel industry body, last night called on the European Union to block BHP Billiton and Rio Tinto's iron ore joint venture in Western Australia, arguing that the tie-up between the two mining giants will lead to "market concentration".
Thursday 12 November 2009
DSG International last night closed at its highest level since October 2008, rallying by more than 8 per cent on hopes of an improvement in the electricals market.
Tuesday 03 November 2009
Rumours that BHP Billiton could be set to renew its interest in rival mining giant Rio Tinto circulated yesterday, giving a boost to the FTSE 100's leading mining stocks.
Friday 30 October 2009
BHP Billiton’s chief executive sounded a cautionary note at the group’s annual general meeting yesterday, saying that it will be the middle of next year before the world’s biggest mining group would know if demand for commodities had stabilised. Marius Kloppers said Chinese demand had largely accounted for the growth in commodity prices in the last six months, but while Chinese stockpiling was largely complete, he said, growth in 2010 depended on demand from OECD countries.
Tuesday 13 October 2009
Chinese investigators extended their inquiry into espionage allegations against four Rio Tinto employees yesterday, saying it would last at least another month.
Thursday 24 September 2009
Despite saying that the past 12 months were among the toughest on record for the mining industry, Marius Kloppers, the chief executive of the resources giant BHP Billiton, received a 51 per cent pay rise last year. The increase comes amid falling profits, the recession and the company's failure to pull off the takeover of rival Rio Tinto.
Monday 21 September 2009
Monday 14 September 2009
Wednesday 26 August 2009
Around 1,000 activists descended today on a stretch of open land in London after the location of the week-long Climate Camp was finally revealed.
Wednesday 26 August 2009
Friday 21 August 2009
Rio Tinto unveiled a record 64 per cent drop in first-half profits yesterday, saying it was "cautious" about the short-term outlook for commodities.
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