Rio Tinto's chief waits for richer BHP offer
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With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38 billion acquisition of Alcan just six months into his new job as chief executive of Rio Tinto, the world's second-largest mining house.
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By David Singleton  Rio Tinto, the world's second-largest mining group, has recruited Christina Mills to oversee global media relations.   Mills joins the Anglo-Australian mining firm after ten years heading media relations at various major UK banks.
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Anglo-Australian mining giant Rio Tinto has said that Tom Albanese, the group's resources director, would become chief executive next year.
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Rio Tinto Ltd/Plc  said  it would spend US$793 million as its share of the cost to  extend the Kestrel coal mine in Australia, as it looks to  internal growth to fight off an unwanted approach from rival  BHP Billiton.
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Business & money: Rio Tinto strengthens claim that its rival BHP Biliton's hostile bid is undervalued
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Business & money: BHP raises shares offer to Â£70bn mega deal, but China and Australia may fight potential monopoly
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MINING giant BHP Billiton has confirmed it held preliminary talks with the Government of India&#39;s Orissa state and Korean steel maker Posco about options for its iron ore business on the sub-continent.
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Rio Tinto  , the  world&#39;s second-largest mining group, on Tuesday dismissed talk  that it was lining up a bid for Canadian aluminum maker Alcan   as speculation, but did not to deny the rumor outright.
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BHP Billiton chief executive Chip Goodyear yesterday insisted this week&#39;s record profit &quot;isn&#39;t as good as it gets&quot;, as the market wrestled with how to value the stock amid speculation that its share price was near cycle peaks.
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SYDNEY: Australia&#39;s BHP Billiton the world&#39;s biggest miner, said yesterday that China is likely to be a catalyst for an extended price rise in metals.
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BHP Billiton, the world's largest mining company, said it held talks with Russia's energy ministry this week amid reports it was considering a significant investment in the country's massive energy reserves.
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Alcoa and China's Chinalco are "monitoring developments" after mining giant BHP Billiton's bid for Rio Tinto.
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Business & money: Rio Tinto has wasted no time in rejecting the advances of BHP Billiton a second time
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The world&#39;s largest mining group, BHP  Billington Ltd.,  is considering a rival bid for  aluminum producer Alcan Inc.  and has hired an  investment bank, sources familiar with the matter said on  Monday.
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Bid activity looked likely to keep London shares buoyant on Monday following last week's move on miner Rio Tinto, and Microsoft's offer for Yahoo in the US.
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BHP Billiton's  might have to sweeten its $147.4 billion bid for rival miner Rio Tinto  to win over shareholders, one fund manager said on Wednesday.
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BHP Billiton    is unlikely to increase its $130 billion unsolicited  proposal to acquire mining rival Rio Tinto   by  a February 6 deadline, The Wall Street Journal reported on  Monday. BHP could be trying to pressure Rio to negotiate by  holding firm with its three-for-one share offer, which has yet  to be formalized, the newspaper said, citing sources familiar  with the company's plans.