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News Breaks | | | | January 17, 2013 | | 05:50 EDT |  | RIO | Rio 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. | |
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News For RIO From The Last 14 Days Check below for free stories on RIO the last two weeks. |
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| May 20, 2013 | | 07:58 EDT |  | RIO | BofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am. | | | May 14, 2013 | | 09:38 EDT |  | RIO | Rio Tinto downgraded to Equal Weight from Overweight at Barclays
 Subscribe for More Information | | | 07:29 EDT | | RIO | BofA/Merrill to host a conference
Subscribe for More Information | | | May 10, 2013 | | 05:53 EDT |  | RIO | Carlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link | | | May 9, 2013 | | 07:57 EDT | | RIO | Rio Tinto CEO defends iron ore expansion criticized by holders, FT says
Subscribe for More Information | | | 07:12 EDT | | RIO | Miners' asset sale attracts private equity, Bloomberg reports
Subscribe for More Information | | | May 8, 2013 | | 05:47 EDT | | RIO | Rio Tinto sees record iron sales to China, WSJ reports
Rio Tinto (RIO) expects its iron ore sales to China to rise to a record this year due to the country's increasing demand for steel, according to Alan Smith, president of Rio Tinto Iron Ore Asia, reports the Wall Street Journal. He said China's demand for steel is expected to rise at a compound annual growth rate of 3% in the next decade.Reference Link | | | May 7, 2013 | | 07:10 EDT | | RIO | Rio Tinto to pursue $5B iron ore expansion despite glut, Bloomberg reports
Subscribe for More Information | | | 06:07 EDT | | RIO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports. | |
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