The ANC is pondering a windfall tax as a less risky way to maximise benefits from minerals, writes <b>Kevin Davie</b>.
No image available
/ 21 September 2011
Demand for iron ore, copper and aluminium will double in the next 15 to 20 years, driven by the Brics economies, says Rio Tinto’s chief executive.
No image available
/ 13 February 2008
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.
No image available
/ 7 December 2007
China’s largest steel company BaoSteel called on Friday on the Australian government to intervene to prevent BHP Billiton from taking over rival miner Rio Tinto. Rio Tinto has rejected an unsolicited three-for-one scrip offer from the world’s biggest miner, saying it significantly undervalues its assets.
No image available
/ 28 November 2007
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.