Anil Agarwal to boost Anglo American stake, invest $2 billion
De Beers, the world's leading diamond exploration, mining and marketing company, producing over 30 million carats of diamonds per annum, 35 per cent of global rough diamond production.
Sep 21, 2017, 17:50 PM IST
Mongolia's opposition MPP sweeps back to power on country's economic woes
The main opposition Mongolian People's Party swept back to power in parliamentary elections.
Jun 30, 2016, 10:36 AM IST
Robot trucks now operating at Rio Tinto
Rio Tinto now has 69 driverless trucks operating 24 hours per day, estimating a saving of 500 work hours per truck per year.
Oct 19, 2015, 13:31 PM IST
Rio Tinto earnings sink on metals price plunge, deepens capex cuts
Global miner Rio Tinto on Thursday posted sharply lower first-half profits on sliding metal prices and pledged $1 billion in cost cuts this year.
Aug 06, 2015, 15:41 PM IST
Rio Tinto bets on cloud to make IT count, ropes in Accenture
Global mining major Rio Tinto will move its core IT systems to cloud computing to cut costs as well as enable innovation, and has roped in consultancy firm Accenture for this purpose.
Apr 16, 2015, 18:51 PM IST
Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco
The Odisha government has decided to scrap joint venture agreements with global major Rio Tinto, Vedanta Group firm Sesa Sterlite and Aditya Birla Group-owned Hindalco Industries, an official said Wednesday.
Feb 25, 2015, 14:23 PM IST
Rio Tinto working on MP diamond mine plan for $500 mn proj
Global mining giant Rio Tinto is working on the mine plan and necessary regulatory clearances for its USD 500 million diamond project in India which, when executed, is expected to bring Madhya Pradesh in the top ten diamond producing regions in the world.
Jan 18, 2015, 14:42 PM IST
Rio Tinto to invest $500 mn in MP diamond project
He said the company is waiting for environment approvals from the the government for the project.
Jan 12, 2015, 19:00 PM IST
Vedanta explores merging Cairn, Hindustan Zinc: Anil Agarwal
Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.
Jan 11, 2015, 15:40 PM IST
ICVL to invest $500 million in its Mozambique coal mines
ICVL is also looking to appoint a full-time official with rich experience in coal mining to head the operation of the Mozambique mines to turn them into a profitable venture.
Oct 26, 2014, 13:20 PM IST
Rio Tinto rejects Glencore's merger bid
Global mining major Rio Tinto on Tuesday said it has rejected merger bid from diversified natural resource company Glencore.
Oct 07, 2014, 18:32 PM IST
SAIL-RINL-NMDC to form SPV to buy Rio Tinto Mozambique assets
Consortium members of International Coal Ventures Ltd - SAIL, RINL and NMDC - will form a special purpose vehicle to buy Rio Tinto's Mozambique coal mines as other partners NTPC and Coal India are not keen on taking part in ICVL's maiden deal announced last month.
Aug 17, 2014, 21:26 PM IST
Rio Tinto more than doubles H1 net profit to $4.4 bn
Anglo-Australian mining giant Rio Tinto said Thursday it more than doubled its first-half net profit to US$4.4 billion, as it continued a cost-cutting programme and wound back its net debt.
Aug 07, 2014, 12:47 PM IST
India group ICVL to nearly triple coal output from mine bought from Rio Tinto
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.
Aug 01, 2014, 09:55 AM IST
Rio Tinto sells Mozambique coal assets
A consortium of Indian state-run companies -- International Coal Ventures -- will take over the mines, and the deal will be finalised in the third quarter of this year.
Jul 30, 2014, 17:25 PM IST
ICVL to buy Rio Tinto's coal assets in Mozambique for $50 mn
The acquisition will be the first of ICVL since its inception in 2009.
Jul 30, 2014, 13:10 PM IST
ICVL likely to submit $200 mn bid for Rio Tinto Mozambique
The mines have estimated reserves of around 200 million tonnes of both coking and thermal coal.
Jul 01, 2014, 20:24 PM IST
