Rio Tinto Group

Rio Tinto Takes Liberty Group To Arbitration Over Final Payment On Dunkerque Smelter Deal

Rio Tinto Takes Liberty Group To Arbitration Over Final Payment On Dunkerque Smelter Deal

Anglo-Australian mining giant Rio Tinto Group is taking GFG Alliance to arbitration after the firm said Sanjeev Gupta’s company has yet to make the final payment for the purchase of Rio Tinto’s Dunkerque aluminium smelter. “Rio Tinto confirms it has triggered an...

Events

Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets

Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest in purchasing Anglo-Australian mining giant Rio Tinto Group’s aluminium operations in Iceland, Sweden, and the Netherlands for up to US$350 million. An anonymous source Reuters characterized as being involved in the banking industry reportedly told […]

Japanese Premiums For Aluminium Shipments Increase By 3 Percent In Third Quarter

Third-quarter premiums for Japanese aluminium shipments will rise by 3 percent to US$108 per metric ton thanks to a fall-off in supply that overrode apprehension over a possible drop in regional demand. The rise in premiums is the second consecutive rise, following an increase to US$105 per metric ton in April. Sources who spoke to […]

Tiwai Point Sees Bottom Line Drop Due To Rising Costs, Falling Prices

New Zealand’s Tiwai Point Aluminium Smelter witnessed a sharp drop-off in profits last year, and the site’s management says a shifting global aluminium market may continue to make life difficult for the smelter over the current fiscal year. Pacific Aluminium (New Zealand) Limited released results for the previous year yesterday that reflected a year-on-year drop […]