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Giant miner BHP nearer to gobbling up Rio Tinto

Sydney - Anglo-Australian mining company BHP Billiton Ltd learned Wednesday that its 120-billion-US-dollar takeover bid for rival Rio Tinto Ltd would not be blocked by the local regulator. Shares in the takeover target surged more than 12 per cent on...

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UPDATE 2-Rio Tinto: turmoil won't affect BHP bid rejection

MELBOURNE, Oct 2 (Reuters) - Rio Tinto Ltd/Plc sees the current global market turmoil having no impact on its rejection of BHP Billiton Ltd's $97 billion takeover bid, Chief Executive Tom Albanese said.

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UPDATE 1-Australia regulator clears BHP bid for Rio Tinto

MELBOURNE, Oct 1 (Reuters) - Australia's competition watchdog cleared miner BHP Billiton Ltd's proposed $114 billion bid for rival Rio Tinto Ltd/Plc on Wednesday, saying it was unlikely to substantially lessen competition.

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Norway excludes Rio Tinto from oil fund

Norway excludes Rio Tinto from oil fundOSLO -- Norway's finance ministry says it has excluded iron ore miner Rio Tinto from its $375 billion sovereign wealth fund due to environmental concerns over its activities."The finance ministry has decided to exclude the company Rio Tinto from the Government Pension Fund -- Global (oil fund) due to a risk of contributing to severe environmental...

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Rio Tinto sees tight copper market

By a staff reporter Mining giant Rio Tinto Ltd expects the global copper market to remain tight in the near future because of the increasing frequency of supply disruptions. Rio Tinto chief executive for copper Bret Clayton told Dow Jones Newswires that the sector was experiencing historically high levels of disruptions.“We’ve seen much higher levels of disruption from 4 to 6 per cent...

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Norway oil fund exits Rio Tinto on ethical grounds

OSLO (Reuters) - Norway on Tuesday excluded iron ore miner Rio Tinto from its $375 billion (212.5 billion pounds) sovereign wealth fund due to environmental concerns over its activities, as part of its drive for ethical investment.

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Rio Tinto signs Chilean agreement

Global mining giant Rio Tinto Ltd, seeking to expand its copper reserves, has signed further exploration agreements with Chile\'s state-owned Codelco, the world\'s largest copper producer.

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Rio Tinto signs exploration deals with copper giant

SANTIAGO -- Global mining giant Rio Tinto Ltd, seeking to expand its copper reserves, said it signed further exploration agreements with Chile's state-owned Codelco, the world's largest copper producer.Rio Tinto said the agreements, which follow on others signed in January, were for joint exploration of the Esteli and Paloma prospects in northern Chile, a region that provides about a...

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BHP Billiton puts Rio Tinto buys on pause

BHP Billiton puts Rio Tinto buys on pauseMining giant Rio Tinto Ltd is working to shore up its balance sheet in preparation for any potential major acquisitions, but is being held back by BHP Billiton Ltd's takeover bid, according to The Sydney Morning Herald.Rio can not make purchases or deals that constitute "frustrating action" under the guidelines of Britain's Takeover Panel.Speaking...

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“Demand Destruction” in Commodities? Rio Tinto Execs See Through the “Smoke and Mirrors.”, Article Posted on TwinTrader.com

(EMAILWIRE.COM, August 29, 2008 ) DALLAS, Texas - TwinTrader.com announces the publication of ‘“Demand Destruction” in Commodities? Rio Tinto Execs See Through the “Smoke and Mirrors.”' Investors can view all of the investment articles and publications for free by visiting: http://www.TwinTrader.com...

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Rio Tinto Bullish on Commodities

FP Trading Desk submits: Falling commodity prices? Market turmoil? A collapsing U.S. economy? We're dealing with all of the above right now, but none of them appear to be of much concern to Rio Tinto Ltd. (RTP). On Tuesday, the company released a report on commodities by in-house economist Vivek Tulpulé to go along with the its first-half earnings for 2008. Despite all the turmoil and...

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Rio Tinto Earnings Up 55 Percent on China Demand

Global miner Rio Tinto Ltd/Plc reported a 55 percent rise in first-half earnings, boosted by its takeover of Alcan last year and record iron ore production feeding Chinese demand. Rio Tinto, fighting a hostile, around $150 billion takeover bid from bigger rival BHP Billiton Ltd/Plc , said on Tuesday it remains a very strong stand-alone value proposition for shareholders....

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Rio Tinto posts record half-year profit

Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other metals.

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Rio Tinto posts record half-year profit

Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other metals.

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Rio Tinto posts record half-year profit

MELBOURNE, Australia -- Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other metals.