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Stock Market & Financial Investment News

News Breaks
February 14, 2013
05:53 EDTRIORio Tinto CEO Sam Walsh takes swipe at predecessor, The Age reports
Rio Tinto (RIO) CEO Sam Walsh said the company had instances of poor judgment and made a veiled swipe at his predecessor Tom Albanese, reports The Age. Walsh said he backed the board's decision that former CEO Albanese and the head of the Mozambique acquisition Doug Ritchie should depart. Reference Link
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June 18, 2013
12:10 EDTRIOChina Minmetals may have interest in Rio's Canadian iron-ore assets, WSJ says
State controlled China Minmetals Corp said it may bid on Rio Tinto's iron ore operations in Canada, says the Wall Street Journal. The interest in those assets may be a sign that China hasn't lost its appetite for that type of assets despite an economic slowdown, added the Wall Street Journal.
11:42 EDTRIOBrazil mining bill may double royalty to 4%, Reuters says
Brazil presented a much anticipated bill to reform the country's 46-year-old mining code, says Reuters. The bill proposes new royalties of up to 4% and a new regulatory agency, added Reuters. Reference Link
June 17, 2013
08:22 EDTRIOMining companies draw new regulator scrutiny, Bloomberg reports
Until now mining companies have been relatively free of political scrutiny. But world leaders, gathering in Northern Ireland for the Group of Eight summit beginning today, have mining transactions and companies in their cross hairs. They are proposing tighter oversight by requiring companies to disclose all payments made to foreign governments, reports Bloomberg.Reference Link
07:13 EDTRIOVale: China slowdown helped by Brazil currency depreciation, Bloomberg reports
Brazil’s Vale (VALE) said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto (RIO) and BHP Billiton (BHP), reports Bloomberg.Reference Link
06:14 EDTRIOOn the Fly: Periodicals Wrap-Up
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June 13, 2013
08:19 EDTRIOEDF could take stake in Rio Tinto's French aluminum plants, Reuters reports
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June 12, 2013
06:24 EDTRIORio, Glencore consider combining Australian coal assets, Reuters reports
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June 10, 2013
12:53 EDTRIORio Tinto reports 28.4% stake in Constellium
As part of the ongoing evaluation of investment and investment alternatives, Rio Tinto (RIO) may may hold discussions with or make formal proposals to management or to the board of Constellium Holdco (CSTM).

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