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Rio Tinto to cut 50 contractor jobs, output at Kestrel coal mine

The equivalent of 50 full-time staff will be culled from Rio Tinto Ltd's Kestrel coking coal mine with the mining giant's decision to cut the operation's output by 15 per cent amid low demand from steel makers.

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China, private equity close in on Rio units

A Chinese company and private equity firms are among the groups expected to submit final bids for Rio Tinto's borates and talc units.

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Now Rio announces coking coal output cuts while BHP still undecided

Rio Tinto is to cut coking coal output at its Kestrel mine in Australia by 15 percent due to reduced demand from Asian steel mills.

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China pushes for quick round of ore price talks

China’s steel giants were pushing to wrap up iron ore price talks with BHP Billiton and Rio Tinto before the Chinese Government’s $US586 billion ($820 billion) stimulus package had time to take effect

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European shares down for second straight session

LONDON (MarketWatch) -- European shares fell for the second straight session on Thursday, with mineral extractors again some of the weakest performers. Shares of Anglo American dropped 3.7%, while shares of Rio Tinto fell 4.5%. Elsewhere, Praktiker shares dropped 9.5% after the home improvement retailer reported a drop in quarterly sales. Ahead of an interest rate decision from the Bank of England,...

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Technical Trade Alerts on Technical Trade Alerts on Steel and Iron Stocks: MEA, SID, CPSL, RTP, MT, PKX

(EMAILWIRE.COM, January 08, 2009 ) DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Steel and Iron Stocks: Metalico Inc. (AMEX: MEA), Companhia Sider ADS (NYSE: SID), China Precision Steel Inc. (Nasdaq: CPSL), Rio Tinto plc (NYSE: RTP), Arcelor Mittal (NYSE:...

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Stock market opens weaker

THE Australian stock market opened weaker after commodity prices fell overnight and Wall Street experienced losses. BHP Billiton and Rio Tinto's share prices fell.

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Cheap power protects Canadian aluminium jobs

Cheap hydro power is shielding Canada from job cuts as aluminum giants Alcoa and Rio Tinto Alcan look to chop supply in the wake of dwindling global demand and falling prices.

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Asia Markets: Mining, metal stocks rise, unmoved by Alcoa news

Asian metal and mining stocks such as Rio Tinto and Sumitomo Metal Mining Co. climbed Wednesday on an increase in nonferrous metal prices, disregarding Alcoa Inc.’s decision to slash jobs and curb output in response to the global economic downturn.

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Rio resumes iron ore mining

RIO Tinto has resumed mining all its iron ore operations in the Pilbara region of WA after a two week break.

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Rio ramps back up to full production

Mining giant Rio Tinto has resumed all of its iron ore operations in the Pilbara region after suspending some activities for almost a fortnight. The company told AAP on December 1 that it would place

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Rio restarts Pilbara iron ore operations

Rio Tinto is restarting its iron ore mines in Western Australia's Pilbara after a two-week closure to cut production.

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Rio chief says mining giant’s markets remain in good shape

Markets for Rio Tinto’s products remain healthy despite the global financial crisis, chief executive Tom Albanese says. This was because the mining giant was increasingly trading with China, which wo

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U.S. Borax to lay off 160

The U.S. Borax mining operation in southeastern Kern County will permanently lay off up to 160 workers, state filings show, a result of lower demand in the sagging global economy. Susan Keef, spokeswoman for Rio Tinto Minerals, the Denver-based company that owns the mine, said the number of positions being cut hasn’t yet been finalized.