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January 17, 2013
05:50 EDTRIORio Tinto expects non-cash impairment charge of $14B
Rio Tinto said it expects to recognize a non-cash impairment charge of approximately $14B in its 2012 full year results. The impairments include an amount of $3B relating to Rio Tinto Coal Mozambique, as well as reductions in the carrying values of Rio Tinto's aluminium assets in the range of $10B-11B. The company also expects to report a number of smaller asset write-downs in the order of $500M. The final figures will be included in Rio Tinto's full year results on February 14.
News For RIO From The Last 14 Days
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October 2, 2014
08:37 EDTRIOWalter Energy rumored to be eyed by BHP, Rio, Guardian says
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07:56 EDTRIOTurquoise Hill provides update on project finance
Turquoise Hill (TRQ), Rio Tinto (RIO) and the Government of Mongolia continue to work together with the aim of resolving the remaining shareholder matters and finalizing project finance to further develop the underground mine at Oyu Tolgoi. The parties continue to engage and while progress has been made, resolution of outstanding matters has not been reached between the parties as of September 30, the current expiration date for the project finance lender commitments. To date, no requests have been made to extend the lender commitments; although there is ongoing engagement with the financial institutions. Underground development is subject to resolution of remaining shareholder matters, agreement of a comprehensive funding plan including project finance, approval of the feasibility study by shareholders and acceptance by the Mongolian Minerals Council and receipt of necessary permits. Based on the progress of negotiations, the shareholders will consider the timing of requesting an extension of commitments from the project finance lenders in due course.
September 25, 2014
06:27 EDTRIORio Tinto named a top pick in Global Mining at Credit Suisse
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September 24, 2014
09:59 EDTRIOOn The Fly: Analyst Upgrade Summary
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07:42 EDTRIOCredit Suisse to hold a conference
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05:23 EDTRIORio Tinto upgraded to Overweight from Equal Weight at Morgan Stanley
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September 21, 2014
13:21 EDTRIORio Tinto sees China and India as impetus for diamond demand, Bloomberg says
Rio Tinto sees China and India driving demand for diamonds as the middle class in those countries may double by 2015 compared with 2010, boosting demand for diamonds, says Bloomberg. Reference Link

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