TORONTO, Jan. 13, 2014 /CNW/ - Rio Tinto has acquired 510,983,220 common shares of Turquoise Hill under Turquoise Hill's rights offering at a total cost of C$1,292,787,546.60 or C$2.53 per share. The purchase represents approximately 50.8 per cent of the common shares offered under the rights offering. The rights offering, which closed today, was [...]
LONDON, United Kingdom, Dec. 23, 2013 /CNW/ - Rio Tinto has advised the management of Northern Dynasty Minerals Ltd. (Northern Dynasty), which owns 100 per cent of the Pebble Project, that it intends to undertake a strategic review, including a possible divestment, of its shareholding in Northern Dynasty. Rio Tinto, through QIT-Fer et Titane Inc [...]
Canada NewsWire LONDON, United Kingdom, Aug. 7, 2013 LONDON, United Kingdom, Aug. 7, 2013 /CNW/ - Rio Tinto and Turquoise Hill Resources (Turquoise Hill) have signed an agreement under which Rio Tinto will provide Turquoise Hill with a financing package to enable it to fund the continuing development of the Oyu Tolgoi mine in Mongolia and, if [...]
LONDON, United Kingdom, June 28, 2013 /CNW/ - Rio Tinto has entered into a bridge funding agreement dated June 28, 2013 with Turquoise Hill Resources Ltd. under which it has agreed to make available to Turquoise Hill a short term convertible credit facility of up to US$225 million. The aggregate of all amounts outstanding under the facility [...]
Iron ore miners have been trending downwards in recent weeks on concerns of a further decline in iron ore prices. Goldman Sachs has recently lowered its forecast for iron ore prices due to slowing steel production in China. The firm predicts iron ore prices may average $139 a ton in 2013, down from their previous estimate of $144. Five Star [...]
The Iron Ore Industry has had a strong start to the new year as rising steel demand in China have sent prices for the commodity soaring to a 15-month high. Prices for iron-ore have rallied 75 percent from the lows seen in September. The Paragon Report examines investing opportunities in the Iron Ore Industry and provides equity research on Cliffs [...]
The Iron Ore Industry has rallied recently on the resurgence of strong Chinese demand. China's imports of iron ore in November increased 17 percent to 65.78 million tons, which was the highest seen since January 2011. The Paragon Report examines investing opportunities in the Iron Ore Industry and provides equity research on Rio Tinto and Vale
The Paragon Report Provides Stock Research on BHP Billiton and Rio TintoNEW YORK, NY -- (Marketwire) -- 09/20/12 -- Iron ore producers earlier this year had experienced a downturn in Chinese demand after officials cut the country's 2012 target growth rate to 7.5 percent -- the lowest year-on-year growth projection in eight years. But recent plans [...]
The recent economic slowdown in China, the world's largest steel producer, have seen prices for iron ore hit two and a half year lows. Prices for the commodity are approximately $50 - $60 per ton cheaper when compared to the same period last year. "Iron ore prices could go into free-fall until end-user demand for steel picks up in the autumn," said [...]
LONDON, United Kingdom, July 30, 2012 /CNW Telbec/ - Rio Tinto acquired 133,571,192 common shares under Ivanhoe's rights offering at a total cost of US$934,998,344 or US$7.00 per share. The purchase represents approximately 51 per cent of the common shares offered under the rights offering. The rights offering, which closed today, was fully [...]
Iron ore producers have struggled as a slowdown in the Chinese economy was expected to dampen demand for the commodity. Iron ore prices are set to rebound from six-month lows as China has recently approved approximately $23 billion in steel projects. The China Iron and Steel Association on May 29 stated that steel production in China could reach [...]
MONTREAL, June 1, 2012 /CNW Telbec/ - Rio Tinto, Fer et Titane (RTFT), a wholly-owned subsidiary of Rio Tinto and part of the Group's sector leading titanium dioxide business, has announced plans to invest CAD$7.2 million to upgrade the water filtration system used at its steel plant located at RTFT's metallurgical complex in Sorel-Tracy."We are [...]