BHP Billiton on Wednesday added its voice to tentative signs of a more broad-based global recovery when the Anglo-Australian mining group reported record iron ore production in the three months ended September.
The arrest last month of four Shanghai-based Rio Tinto executives has raised fears of a crackdown by Beijing on foreign companies that would have been unthinkable a few years ago.
After officials in Beijing last month arrested four Rio Tinto executives for allegedly stealing secrets from Chinese steel companies, China took a brutal public relations beating internationally.
A depressed aluminum market dragged down first-half earnings at Rio Tinto, the global mining company, which paid no interim dividend in order to husband cash and cope with $39 billion in net debt.
Four employees of mining giant Rio Tinto have been formally arrested on charges of trade secrets infringement and bribery, China's state-run media reported Tuesday.
China has leveled new allegations in the arrest of employees of one of the world's largest mining companies, saying Rio Tinto overcharged Chinese steel mills by $100 billion over six years.
Mining giant Rio Tinto has commented for the first time on bribery allegations in China against its employees, saying the claims are "wholly without foundation."
The United States on Wednesday called for more transparency from China on the arrests of four mining employees, including an Australian national, on charges of stealing state secrets.
BHP Billiton on Wednesday added its voice to tentative signs of a more broad-based global recovery when the Anglo-Australian mining group reported record iron ore production in the three months ended September.
The arrest last month of four Shanghai-based Rio Tinto executives has raised fears of a crackdown by Beijing on foreign companies that would have been unthinkable a few years ago.
After officials in Beijing last month arrested four Rio Tinto executives for allegedly stealing secrets from Chinese steel companies, China took a brutal public relations beating internationally.
A depressed aluminum market dragged down first-half earnings at Rio Tinto, the global mining company, which paid no interim dividend in order to husband cash and cope with $39 billion in net debt.
Four employees of mining giant Rio Tinto have been formally arrested on charges of trade secrets infringement and bribery, China's state-run media reported Tuesday.
China has leveled new allegations in the arrest of employees of one of the world's largest mining companies, saying Rio Tinto overcharged Chinese steel mills by $100 billion over six years.
Mining giant Rio Tinto has commented for the first time on bribery allegations in China against its employees, saying the claims are "wholly without foundation."
The United States on Wednesday called for more transparency from China on the arrests of four mining employees, including an Australian national, on charges of stealing state secrets.
China has "conclusive evidence" that four employees of the world's second-largest mining company were stealing Chinese state secrets, the country's foreign ministry said.
Four employees of the world's second-largest mining company were arrested in China on suspicion of espionage and stealing state secrets, after having been detained days earlier, state-run media said Thursday.
An Australian employee of Rio Tinto, the world's second-largest mining company, is being held in China on suspicion of espionage and stealing state secrets, the Australian foreign minister said Wednesday.
The Australian government and Rio Tinto, the world's second largest mining company, are investigating why four of the firm's employees have been detained by Chinese police in Shanghai.
A deal between mining giant Rio Tinto and Chinalco, a state-owned Chinese aluminum company, was called off after it became a hot-button issue in Australian politics.
Global mining giant Rio Tinto announced Thursday that China's state-owned aluminum producer Chinalco would invest $19.5 billion in the Anglo-Australian resource giant.
Stocks slumped early Thursday as ongoing worries about the government's ability to temper the economic slowdown overshadowed a stronger-than-expected retail sales report.
A deal that seemed to have nine lives - the $51 billion sale of Canada's largest telephone company, the largest leveraged buyout ever proposed - finally died early Thursday.
British-based mining giant Rio Tinto announced plans to cut 14,000 jobs on Wednesday, just weeks after a planned buyout by rival BHP Billiton collapsed.
Marius Kloppers is a man on a mission. Last October, at the age of 45, he became CEO of one of the world's biggest companies, mining giant BHP Billiton. Less than two months later, he launched what would be one of the biggest corporate takeovers in history -- an estimated 150 billion dollar megabid for rival Rio Tinto. The Boardroom's Andrew Stevens met the soft-spoken South African at BHP's global headquarters in Melbourne, Australia.
Tools dating back at least 35,000 years have been unearthed in a rock shelter in Australia's remote northwest, making it one of the oldest archaeological finds in that part of the country, archaeologists said Monday
Stocks opened just a little higher Friday as investors tried to make sense of three major news stories: a drop in employment, Microsoft's bid for Yahoo and Exxon Mobil's record profit.
Mergers and acquisitions climbed to another record this year, but the credit crunch is taking the wind out of the sails of the once-mighty deal-making machine.
Rio Tinto PLC, the British mining giant, is considering a counterbid in response to a $131.57 billion takeover bid from rival Australian mining company BHP Billiton PLC, according to a report Friday in The Wall Street Journal.
Global miner Rio Tinto Ltd. said on Monday it has received U.S. antitrust clearance for its $38.1 billion acquisition of Canadian aluminum maker Alcan Inc.
European shares returned to negative territory in choppy trade at midday on Friday as mining and chemical stocks slipped while concern mounted that a global credit crunch could slow growth.
Both the Dow industrials and the S&P 500 continued their campaign into record territory Friday, reaching all-time highs for the second straight session, despite some mixed economic news and higher oil prices.
Aluminum producer Alcan has begun negotiating toward a merger agreement with Rio Tinto to fend off a hostile bid from U.S. rival Alcoa, a Canadian newspaper said Wednesday.
Investors can mull a rash of earnings and merger news as they await clues from the Federal Reserve about the central bank's thinking on the economy and future interest rate moves.
Stocks rose Tuesday morning, with blue chips leading the charge, thanks to takeover talk about Alcoa, an upgrade of GM and 3M's $7 billion share buyback plan.
Americans may drink French wines, drive German cars, and wear Italian suits, but when it comes to buying shares, they prefer to stay close to home. Which is too bad for those who want to keep buyin...
Europe's economies may be growing slowly, but its markets are heading for a fourth year of double-digit increases. We found six promising stocks. By Nelson D. Schwartz, Fortune senior writer
Uranium has always been a hot commodity - literally. But in the past year the cost of the raw material inside nuclear reactors - and atomic bombs - has jumped nearly 100%.
Japan had its biggest loss in a year and other Asian markets plunged to multi-month lows Thursday, extending recent sharp falls as exporters continued to decline on fears of a U.S. slowdown.
The Department of Energy is set to announce a nearly $1 billion coal-fired power plant that would remove many of the pollutants associated with coal and turn some of them into useable industrial products, according to a published report.
Anglo-Australian mining company BHP Billiton said Wednesday that its net profit soared by almost 90% in fiscal 2005, reflecting strong market conditions, particularly in China .
Iron ore miners across the globe are rubbing their hands, after Brazilian mining company CVRD secured a record price rise of 71.5 percent for the iron ore it sells to Japanese steel companies.
Researchers can now say definitively that Mars once supported a watery environment, but whether the Red Planet could have ever supported life is still far from certain.
Asian shares were mostly lower on Wednesday as oil prices hovered near $50 a barrel, with Japanese stocks sliding for a ninth session, led by exporters and tech stocks.
China's appetite for raw materials shows no sign of abating, with four steel mills agreeing to buy an extra $3.2 billion of Australian iron ore over the next 10 years, global miner BHP Billiton has said.
Asian stocks finished on a conservative note after a week dominated by concerns over the weakening dollar and its impact on the region's key exporters.
Call him a poacher-turned-gamekeeper. Daniel Litvin, 32, began his career as a journalist covering environmental issues for The Economist and then joined a mining company, Rio Tinto, advising it on...
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