Rio Says It May Sell 51% Stake in Brazilian Gold Mine
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Rio Tinto Group, the world&#39;s third- largest mining company, said it may sell its 51 percent stake in the Morro do Ouro gold mine in Brazil, which supplies about 8 percent of the South American nation&#39;s gold.
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LONDON (CBS.MW) -- Harry Dobson, the Scottish mining millionaire who owns a 6.5 percent stake in Manchester United (UK:MNU) , told Scotland&#39;s Herald newspaper that he has been approached about selling his stake by brokers who may have been acting on
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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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The $101-a-share Rio Tinto bid represents a 32.8 percent premium to Alcoaâs hostile offer of $76.03 a share, potentially making it difficult for Alcoa to increase its bid.
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BHP Billiton, the world&#39;s biggest mining company, and Alcoa Inc. said they plan to sell shares in their metal-processing and distribution venture.
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Miners led European shares upward on Friday as a Chinese group bought a stake in Rio Tinto giving a shot in the arm to mining and metals companies ahead of key US jobs data later in the day.
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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.
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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 BHP Billiton say it has made an offer to buy its rival Rio Tinto.
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Global miner Rio Tinto was near a deal  to buy Canadian aluminum giant Alcan Inc. for about $100 per  share, or $37 billion, The Wall Street Journal Online reported  on Thursday.
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Western Australia gold and tantalum miner Sons of Gwalia says its gold business may be sold to pay off creditors. The company announced this morning it had appointed administrators and suspended its shares on the Australian Stock Exchange.
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Gold Fields will be expected to sell its international assets valued at up to $3.5 billion and return the cash to shareholders as part of its defence against a hostile all-share bid from rival gold producer Harmony.
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Rio Tinto Ltd.'s $38.1 billion takeover of Alcan Inc. is set to reap benefits from not just China's appetite for aluminum, but also the bauxite and alumina needed to make it, analysts said on Friday.
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BHP Billiton lifted its bid for mining giant Rio Tinto Wednesday, valuing its target at 147.4 billion dollars as it seeks a mega-merger to exploit the China-driven resources boom.
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The Russian government will sell its stake in the nation's largest steel mill, Magnitogorsk Iron &amp; Steel Works, at an open auction next month, the Russian Federal Property Fund said Friday.
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Companhia Vale do Rio Doce of Brazil said it had extended its 19 billion Canadian dollars ($17 billion) tender offer for the Canadian mining company Inco to give regulators time to approve the deal. Rio Doce said it extended the deadline to Oct. 16 from Sept. 28. Rio Doce, the worldÂs largest iron ore miner, has obtained regulatory approval from the Canadian Competition Bureau and from authorities in the United States, but must still get clearance from the European Commission and Investment Canada.
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South Africa&#39;s largest domestic gold producer is poised to make a surprise takeover bid for Gold Fields. With the backing from Russian metals giant Norilsk Nickel, Harmony will