Rio Tinto to invest $1.8 billion in Australian metals plant
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Anglo-Australian mining group Rio Tinto said on Tuesday that it planned to invest 1.8 billion dollars (1.3 billion euros) to expand its aluminium plant in the northeastern Australian state of Queensland.
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Anglo-Australian mining giant Rio Tinto has announced a 43 percent jump in in full-year net profit to a record 7.44 billion US dollars and forecast continued strong demand for commodities.
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Rio Tinto Ltd./Plc   has hired Deutsche Bank to advise it on a possible bid for Canadian aluminum producer Alcan Inc.  , the Sydney Morning Herald newspaper reported on Monday.
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Rio Tinto , which is fighting off a takeover approach from rival BHP Billiton , said on Monday it would spend $71 million on a study to expand its Hope Downs iron ore mine in Australia.
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Business & money: BHP Billiton to announce first-half results today as deadline for formal offer for Rio Tinto is reached
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Rio Tinto Ltd./Plc. has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a move that creates the world's biggest aluminum company.
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Xstrata Plc  said it has agreed to pay A$3.1 billion ($2.8 billion) for Australian nickel miner Jubilee Mines Ltd , seeking to consolidate its position as a leading nickel producer.
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Chinese mining group Chinalco said on  Friday it had teamed up with U.S. aluminum producer Alcoa   to buy a 12 percent in Rio Tinto .
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China has muscled in on the miner BHP Billitonâs attempts to buy rival Rio Tinto, with its biggest aluminum producer teaming up with American group Alcoa to buy a 12 percent stake.
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Global miner Rio Tinto said Monday it was still discussing 2008 iron ore prices with customers after rival Vale of Brazil won a massive 65 percent increase from its Asian clients.
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Brazilian metals giant Companhia Vale do Rio Doce (CVRD) is to buy Australian coal producer AMCI for $661m.
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Takeover target Rio Tinto unveils a profit of $7.44bn for 2007 - 1% higher than a year earlier.
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Swiss-based Xstrata  on Friday raised its cash offer for Australian coal miner Resource Pacific Ltd  by 12 percent to A$1.08 billion ($964 million) and declared it final.
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Anglo-Swiss miner Xstrata Plc offered A$3.1 billion ($2.8 billion) on Monday for Australia's fifth-largest nickel producer Jubilee Mines NL, the latest outback miner to catch the eye of a big international firm as metal prices soar.
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Mining: British mining giant Rio Tinto will spend at least $200 million and perhaps as much as $2 billion - on drilling for a copper ore body in Superior.
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Mining giant Rio Tinto Ltd./Plc.   said on Thursday it has agreed to pay $38.1 billion, or $101 per common share, for Canadian aluminum company Alcan Ltd. .
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The world's third biggest miner Rio Tinto Monday said it would invest 991 million US dollars to boost production at a coal mine in northeastern Australia to meet growing demand from Asia.