It’s not often that Stephen Mayne and Gina Rinehart agree. But they’ve found common ground in urging mining giant Rio Tinto, which has recently slashed its Melbourne workforce, to relocate its headquarters from London to Australia.
READ MORE204 Results
Media briefs: Punch KO’ed … Guinea foul … Pope puns …
After four years, The Punch is being subsumed into part of News Ltd. Is it about time? Plus a distinct lack of fact-checking at The AFR.
READ MOREMedia briefs: Langton defence … AFR sceptics … ‘mummy bloggers’ …
Russell Skelton has issued a bizarre defence of Marcia Langton in the new-look Age, and Mia Freedman talks penis blogging.
READ MOREDisclosure wars: Skelton defends Langton (backed by Rio)
The Age’s Russell Skelton offers a bizarre and self-contradictory defence of Marcia Langton after Crikey revealed she failed to disclose links to Rio Tinto in her Boyer lecture series.
READ MOREMarcia Langton defends non-disclosure on mining cash before Boyers
The academic background to last year’s Boyer Lectures was funded by global miners Rio Tinto and Woodside. But the audience was none the wiser. Should she and the ABC have disclosed?
READ MOREAustralia, Rio Tinto joined at the broken hip of iron ore
Rio Tinto is over-exposed to iron ore prices that have collapsed over the last 12 months — just like the Australian economy. David Llewellyn-Smith of MacroBusiness wonders if there’s any way out.
READ MOREGlobal mining giants fail to hit paydirt, more write-downs
Mining companies around the world are announcing billions of dollars worth of write-downs. Here’s a list of the biggest cuts.
READ MORENow’s the time to secure Rio Tinto HQ for Australia
Gina Rinehart has called for it, and it makes a lot of sense: bringing Rio Tinto home. Applying some board pressure could force new CEO Sam Walsh to shift HQ to Perth.
READ MOREHe’s not Moses, he’s just a miner: Albanese departure shifts debate
With Rio Tinto writing down billions, maybe it’s time for some realism in debates about “productivity”, “sovereign risk”, and whether miners are the Messiah. Glenn Dyer and Bernard Keane report.
READ MORETips and rumours
Which pollie is known as “Wottha” to his ALP colleagues? … rumbles as Swan poaches AFR journo … three’s a crowd on this airline’s Valentine’s special …
READ MOREHe went to Rio, and lost $35b: Albanese’s destructive path
The media let Tom Albanese off the hook too easily. The ousted Rio Tinto boss will go down as one of the most value-destroying executives in global corporate history.
READ MOREPast catches up with Albanese, but is Rio back to the future?
Rio chief Tom Albanese has been eased out after a series of failures. But in appointing Sam Walsh to stand in, has Rio Tinto learnt from its mistakes?
READ MORETakeover gone bad: how Tom, Rio got in over their heads
There was a US$14 billion bounty on Tom Albanese after Rio Tinto was forced to writedown the value in its operations. The CEO and his board stand condemned for getting in over their heads.
READ MOREThe $17b iron ore slump that lined Chinese pockets
The slump in iron ore prices boosted the Chinese economy — but robbed Australian exporters like BHP and Rio Tinto of significant revenue in 2012. But the tables are turning.
READ MOREResources firms dine out despite carbon tax scare campaign
Australian resources companies have enjoyed a healthy six months since the introduction of the Gillard government’s feared carbon tax. So much for the predicted business wipeout.
READ MORERio Tinto hits rivers of trouble in Mongolia’s mines
While Rio Tinto’s executives bask in the friendly climes of London, Perth and Singapore, it’s in Mongolia — one of the unforgiving lands where the it digs up its treasure — Rio has again orchestrated its own crisis.
READ MOREWhy life is more complicated than boom and bust
The “boom is over” crowd miss the point that the end of record minerals prices is, in the long-term, a good thing for industry.
READ MOREChina has big spending plans as its economy gets rougher
Is China indulging in another round of talks about new spending that it will find almost impossible to back with what’s really needed — cold, hard cash?
READ MOREGlobal miners’ results a clear warning to BHP, Rio
Poor quarterly results released overnight by a trio of miners from the US and Canada contained clear warning signs for the likes of BHP Billiton and Rio Tinto.
READ MOREAustralia risks missing out on green energy investment
Australia has already been bypassed once by the world’s leading renewable energy developers, and risks doing so again if it makes more changes to its green energy policies, writes Giles Parkinson of RenewEconomy.
READ MORERio may have damages claim after Barclays ‘tobacco moment’
Does Rio Tinto have a case to make for damages — over the impact of the rigging of the Libor interest rate by Barclays and other banks.
READ MOREBHP, Rio steeling themselves against China slowdown
The slowdown in the Chinese economy seems to be deepening with the surprisingly sharp slowdown in industrial production, retail sales and investment.
READ MOREAustralian business can’t be bothered looking to Asia
The submissions deadline for the federal government’s Asia review, conducted by former Treasury head Ken Henry, closed last Friday and yet only four companies made direct submissions.
READ MOREHow China may have engineered a soft landing
There have been plenty of claims that the average fourth quarter GDP figures, the fall in part-time unemployment in February and other indicators mean the economy is weakening and needs a rate cut.
READ MORERio Tinto, BHP results cloud mining tax bottom line
Just how much money will the government’s revised mining tax end up raising from the big players, ask Glenn Dyer and Bernard Keane?
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