News Articles for Rio Tinto

Local contractor NRW Holdings has been awarded a $30 million contract to provide its services to Rio Tinto's Yandi Oxbow iron ore mine in the Pilbara, on the same day its long-serving director Ian Burston announced his retirement.

A stubbornly low market price and the growing focus on renewables have WA's fledgling uranium sector on the ropes.

Rio Tinto will purchase a total $1.747 billion of 2018 capital notes under its debt reduction plan.

Tipping future residential property prices is tricky, but in Western Australia there is a potential technique that is so obvious it's a surprise no-one has used it before – linking property to the state's biggest industry, resources.

It's the end of the beginning for what had been Western Australia's only remaining major iron ore project under construction, Citic Pacific's Sino Iron, according to chief executive Chen Zeng, as the final two of six magnetite ore processing lines enter production.

SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.

The Chamber of Minerals and Energy of Western Australia has partnered with some of the state's biggest resources players to launch a pilot training framework to improve safety in the workplace.

The clock is ticking for the leaders of some of WA's biggest businesses, beset by low growth and a sluggish outlook.

After last month's closure of Perth Theatre Company, Business News has delved into the financial reports of arts and culture groups in WA to check on their health.

Chevron Australia has become the latest resources giant to put its name on a public attraction, with the state government announcing the company will fund a parkland within the new Perth Stadium precinct.

ANALYSIS: WA's resources-focused business community is eagerly awaiting the next round of figures for iron ore production costs.

Two Rio Tinto iron ore project expansions worth a total of $367 million have been approved by the state government, extending the life of the operations and helping the company maintain its production levels in the medium term.

Small and medium-sized businesses are settling their invoices about 12 faster than large corporations on average, a report by Dun & Bradstreet has found.

Does BHP Billiton really want to expand its loss-making Nickel West division, or is it engaging in a strange game of promoting an expansion plan of the Western Australian business in order to restart the sales process that collapsed last year?

Engineering and infrastructure group RCR Tomlinson has won two major packages of work, including a $35 million contract on Rio Tinto's Cape Lambert power station.

Perth-based Energy Made Clean has struck a partnership deal with Aboriginal corporation Eastern Guruma for the rollout of solar power stations and solar water pumps in northern Australia.

German company K+S Group is planning to evaluate development of a $350 million salt project south-west of Onslow, six years after another salt project in the area was scrapped after facing widespread opposition.

Glenn Jardine has been appointed as an independent non-executive director of Torian Resources.

Rio Tinto executive Greg Lilleyman is leaving the company after 25 years, and will be replaced as group executive technology and innovation by the miner's current head of exploration.

SPECIAL REPORT: Activ Foundation and the Royal Flying Doctor Service are Western Australia's two largest not-for-profit charities, yet they have very different approaches to philanthropy and fundraising.

Morgan Ball will be stepping down as the managing director of BC Iron.

In the first of a series of interviews with top WA business figures for Business News, Leadership WA chief executive officer Robin McClellan spent 10 minutes with Rio Tinto chief executive, iron ore, Andrew Harding, who said he looked to hire smart, reflective and curious people, and revealed mindfulness meditation had helped him be a better leader.

Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power's Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Billionaire Gina Rinehart has appointed a new executive director and a new chief executive at Hancock Prospecting and foreshadowed plans to recruit additional senior executives to run its commercial and agribusiness operations.

Chevron is the latest major resources player in the state to announce a change in leadership, after selecting a successor to current managing director (Australia) Roy Krzywosinski, who will hand over the reins in June.

Mining giant Rio Tinto plans to continue its cautious approach as it expects the tough operating environment to remain in the foreseeable future.

The federal budget has vastly boosted the government's firepower against multinational tax avoidance as it looks to ramp up revenues to fund tax cut promises.

How do you budget for an iron ore boom that no-one believes will survive more than a few months?

ANALYSIS: Worldwide demand for lithium is rising and more than 20 companies in WA are on board for the ride.

John McGloin and Alex Davidson, who were formerly directors of Amara Mining, have been appointed as non executive directors of Perseus Mining.

Rio Tinto has reaffirmed its guidance for iron ore shipments in 2016 but slashed production guidance for next year after saying it was facing delays with its AutoHaul driverless trains project in the Pilbara.

Rio Tinto will supply China's Sinosteel with 70 million tonnes of iron ore over the next five years after extending the companies' joint venture in Western Australia.

Mining giant Rio Tinto has backed down from its decision to double the payment period on its supply contracts after widespread criticism from politicians and an outcry from suppliers.

The state's building commissioner says contractors and suppliers need to be paid within 50 days, as controversy over the extension of Rio Tinto's payment terms continues.

Philip Edmands has been appointed as partner to the Perth office of Gilbert + Tobin, effective 1 June 2016.

Prime Minister Malcolm Turnbull says he will raise mining contractors' concerns with Rio Tinto over the mining giant's move to double its standard payment terms, while premier Colin Barnett went further, saying its move was not fair or reasonable.

Corporate law firm Gilbert + Tobin has recruited former Rio Tinto Australia managing director Philip Edmands as a new Perth-based partner.

Suppliers to Rio Tinto face more financial pain after the global mining giant said it would double its standard payment terms to 90 days – twice as long as the average Australian business takes to pay its bills.

If money, careers and future investment in Western Australia were not being jeopardised, it would be amusing to watch some of Australian biggest companies adopt a management policy best described as ‘run and hide'.