News Articles for Rio Tinto

SPECIAL REPORT - MINING SERVICES: Higher commodity prices and investment to maintain iron ore volumes could help lift mining contractors out of the doldrums after several tough years. Click through to see this and links to four other feature stories.

The Royal Flying Doctor Service WA has today announced former Rio Tinto chief executive Sam Walsh as the successor of chair Neville Bassett.

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Rio Tinto has bounced back to profitability, reporting full-year profit of $US4.6 billion ($A6.1 billion) for 2016 on the back of a jump in iron ore prices.

Fortescue Metals Group looks set to achieve its full-year guidance after outlining steady iron ore shipments and further cost cuts in the December quarter.

OPINION: Expect Brendon Grylls to go hard at BHP Billiton and Rio Tinto over his tax plan ahead of the March state election.

More than $8 billion of greenfields iron ore projects are either proposed or in development, while $450 million of brownfields work is under way as the state's miners plan investments to maintain production.

Woodside Petroleum's impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company's logo appearing on two prominent Perth CBD skyscrapers.

Rio Tinto's uranium-focused subsidiary Energy Resources of Australia expects to report $231 million in impairments for the year to December 2016, in response to further weakness in the depressed market for yellowcake.

Local not-for-profit group Ausum Initiatives has teamed up with Kulbardi, a partly owned and managed Aboriginal office supplies company, to deliver an intensive entrepreneur program for young Aboriginal men and women.

Iron ore miner Fortescue Metals Group has named non-executive director and former Helloworld and Heytesbury executive, Elizabeth Gaines, as its new chief financial officer.

Rio Tinto has kept intact its target for iron ore shipments in 2017 after hitting the mid-point of its revised guidance range for 2016.

OPINION: The WA branch of Queenslander Pauline Hanson's protest party appears set to influence the state election.

The Rio Tinto Naturescape Kings Park facility will close next month to allow a $3 million expansion, which has been funded by the mining giant.

Israeli authorities placed billionaire businessman Beny Steinmetz under house arrest on Monday over allegations of bribery and corruption in Africa linked to his mining company, BSG Resources (BSGR) a

SPECIAL REPORT: The 2016 Business News person of the year talks about his upbringing, influences, company culture, cost cutting and innovation.

SPECIAL REPORT: Big businesses are employing an increasing share of the WA workforce, while the services-oriented economy maintains its growth, the latest BNiQ Biggest Employers survey has uncovered. Click through to see details on Western Australia's 170 largest employers.

Perth-based NRW Holdings has been contracted to provide more services to Rio Tinto at the mining giant's Yandi iron ore operation in the Pilbara, in a deal worth $40 million.

Henderson-based Civmec has won $160 million worth of contracts for work at Rio Tinto's Amrun bauxite project in Queensland.

For evidence that success can sometimes damage a business we need look no further than the political games playing out ahead of next year's state election, with the very real chance Western Australia's biggest iron ore miners will be hit by a $5 per tonne penalty tax because they're too successful.

Australia could become the epicentre of global mining if it had more ambition and more competitive tax policies, says the chief executive of mining giant Rio Tinto.

Rio Tinto has flagged a possible 2019 start date for construction of its next big greenfields project in the Pilbara, but in the interim will rely on the rollout of its rail automation program and better asset utilisation to drive a major round of productivity improvements.

Pilbara Minerals has further bolstered its board with the appointment of Fortescue Metals Group director of operations Nick Cernotta as an independent non-executive director.

ANALYSIS: Green shoots are popping up in WA as improved conditions for iron ore and gold, and strong prospects for the upcoming crop harvest, offer sources for optimism.

Global miner Rio Tinto has sacked two top executives who it sidelined last week over their role in a payments scandal related to the Simandou iron ore project in West Africa.

The performance of five of WA's major resources players provides a useful guide to the overall direction of the state economy.

Global miner Rio Tinto has suspended one top executive with immediate effect while another is stepping down over payments made in 2011 related to the Simandou iron ore project in West Africa.

The proposal from Nationals WA leader Brendon Grylls to increase the royalties paid by Rio Tinto and BHP Billiton is not as ‘out there' as it sounds. I say this not as a socialist, but as a capitalist who, as a resident of Western Australia, is an indirect part owner of the state's iron ore reserves.

SPECIAL REPORT: Arts and cultural organisations are pursuing innovation and collaboration to help manage the tougher financial conditions in WA.

SPECIAL REPORT: Three WA arts organisations have performed a series of firsts on tours to Asia this year, building on business and diplomatic strategies that highlight the value of cultural exchange.

Rio Tinto has agreed to sell its its stake in the Simandou iron ore project in Guinea to partner Chinalco, setting the stage for a sizeable new competitor.

Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.

Rio Tinto has slightly trimmed the full-year guidance for iron ore shipments from its Pilbara operations by up to 5 million tonnes, after port and rail maintenance affected shipments in the September quarter.

Rare pink diamonds from the Kimberley are emerging as new class of investment asset.

Rio Tinto has hit back at accusations by Nationals WA leader Brendon Grylls that large miners had failed to live up to their contractual obligations in state agreements with the government, after he stepped up his campaign to increase taxes on iron ore production today.

Perth mining hopeful Acacia Coal will buy a 74 per cent interest in a South African metallurgical coal project from a subsidiary of Rio Tinto and undertake a $2 million capital raising, it announced today.

The Australian Council for the Arts has welcomed former Rio Tinto chief executive Sam Walsh and fellow Western Australian Kate Fielding to its board.

South Australian mining junior Flinders Mines has announced a capital raising of $5 million, with the company to put the cash towards a loan repayment and tenement expenditure commitments at its Pilbara iron ore project.

Two different proposals from the Western Australian government to change the way Rio Tinto and BHP Billiton pay an iron ore charge is already damaging the state's reputation as an investment destination, a business lobby group says.

Mining software supplier Micromine has promoted Claire Tuder to the role of director and chief executive while also establishing an advisory board with two industry veterans.