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/ 13 February 2008

Rio Tinto’s annual net profit falls

The world’s third-largest miner, Rio Tinto, said on Wednesday its full-year net profit fell almost 2% in 2007 to $7,312-billion as it again rejected a takeover bid by rival BHP Billiton. But underlying profit rose 1,4% from 2006 to $7,443-billion as the firm said it produced record amounts of iron ore, bauxite, aluminium, gold and copper.

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/ 28 November 2007

Billiton says still hopeful of Rio Tinto takeover

Resources giant BHP Billiton said on Wednesday it still hoped rival Rio Tinto would warm to its uninvited takeover bid, despite opposition from customers who fear it will lead to a stranglehold on prices. BHP chief executive Marius Kloppers said that its executives had been arguing the "irresistible logic" of the tie-up with customers and investors around the world for two weeks.