Elizabeth Knight: Rio's humiliation complete Rio Tinto has washed its hands of its disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal assets for just $US50 million ($53 million). Completed in 2011, ... Melbourne Age, 2 days ago
Rio Tinto turns $3.9b into $50m - WA Today, 2 days ago
How Rio Tinto turned $3.9b into $50m - Sydney Morning Herald, 2 days ago
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- RIO TINTO LIMITED JP Morgan rates as Overweight (1) - Tinto has sold the Mozambique assets of Riversdale Mining, which it acquired in 2011. JP Morgan observes this transaction marks an end to a troubled acquisition. The sale proceeds were ...NineMSN Finance, 2 days ago
Riversdale Mining in 2011, for just $US50 million. It follows the impairment of the Coal Mozambique assets by nearly $470 million in the company's February annual report, which alsoBig News Network, 2 days ago
StockMarketWire.com - North River Resources' [LON:NRRP] shares were up in late trading after it was granted environmental clearance for its environmental assessment and environmental management plan for the proposed re-commissioning of its Namib ...Stock Market Wire, 2 days ago North River Resources (LON:NRRP) shares were up in late trading after it was granted environmental clearance for its environmental assessment and environmental management plan for the proposed re-commissioning of its Namib lead zinc mine in Namibia. The Money Week, 2 days ago
In 2011, during Rio Tinto's $US4 billion bid for Riversdale Mining, Tata Steel tried to drum up a competing bid from a coalition of Indian steel, coal and power companies. In the end it sold its 26 per cent stake in Riversdale for $US1.1 billion.Business Spectator, 2 days ago
Rio Tinto Group Chief Executive Officer Sam Walsh last week signaled that mining investor attitudes toward spending on expansion are starting to shift after a recovery in metals and share prices. Investors have started to refocus on growth and ...BusinessWeek, 12 hours ago JPMorgan, BlackRock Voice Different View to Rio CEO on Returns La Repubblica, 12 hours ago
Rio Tinto has just sold its troubled Mozambique coking coal assets for $US50 million, taking a big hit after paying $4 billion to acquire the Riversdale Mining operation in 2011. The assets took a $3 billion bath in 2013 and played a role in the ...Business Insider Australia, 2 days ago
Rio Tinto Group (RIO) , the world's second-biggest mining company, agreed to sell its Mozambique coal assets for $50 million, drawing a line under one of its worst acquisitions. International Coal Ventures Pvt. Ltd., a group of Indian state-run ...Bloomberg, 2 days ago Rio Tinto Exits Mozambique Coal Venture after $3bn Writedown International Business Times UK, 2 days ago
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Straddling the border of Alberta and British Columbia, just south of Calgary, the Crowsnest Pass boasts a rich history of coal mining, dating back to opening of the first mine in 1900. Over the course of the 20 th Century, all the coal mines on the ...World Coal, 1 month ago
Tags: coking coal , raw mat , Australia , Mozambique , Oceania , Rio Tinto , mining , Istanbul | similar articles » Australia-based Rio Tinto, the world's second biggest iron ore producer, has announced that it has reached an agreement to sell ...SteelOrbis, 1 day ago
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