Rio Tinto


China’s "judo diplomacy" on ore still kicking

China’s Vice-Premier Li Keqiang recent trip down under only serves as a salutary reminder of the increasingly sophisticated yet tough approach by the PRC in its dealings with weaker nation states such as Australia, writes Tony Lamond.

Why did BHP and Rio Tinto scrap the WA iron ore joint venture?

Why did BHP Billiton and Rio Tinto scrap their plans to jointly market iron ore from the joint venture between their huge iron ore mines in the Pilbara region? Did negotiations with Chinese mills affect it?

Australia steels itself for more output

Australia will see the biggest percentage increase in steel output next year among major steel-producing countries, as the global economy’s tentative recovery boosts output by more than expected.

Cheap financing eludes Fortescue in China

Fortescue Metal Group has failed in its attempt to exploit the stand off between the Chinese mills and BHP and Rio and get it hands on an estimated $A5.7 billion-$6.9 billion in cheap financing from China.

Libs in a twist over China

The Coalition just can’t decide what their stand is on China/Australia relations. The only thing they can agree on: all the diplomatic problems are thanks to PM Kevin Rudd, writes Lenore Taylor.

Morning Market Report: Wall St has worst fall in six weeks

Wall St has experienced its worst fall in six weeks, with the Dow closing down 186. The Australian market is down 13.

Ore deal leaves Twiggy an over-geared pawn

Twiggy Forrest is going to be running an over-geared speculative miner producing just one commodity, servicing just one market and getting less than market prices.

Tasmanian Labor’s ultralite lobbying code

The Bartlett government has opted for a lobbyists’ registration system that will rank amongst the weakest in the world, writes Bob Burton.

China softens on Stern Hu

Stern Hu and the three other Rio Tinto employees arrested in China are no longer facing the death sentence or life in prison, after being charged with illegally obtaining corporate secrets and bribery, but not the more serious charges of spying that had been expected.

Rio Tinto Four could go free

Stern Hu and his three Chinese associates have been arrested, but there has been no mention of espionage, the most serious charge of all.

Rio employees officially arrested

The four Rio Tinto employees being detained in China, including Australian Stern Hu, have officially had the cuffs slapped on, according to this China Daily report.

Hell hath no fury like China scorned

China’s recent attacks on Rio Tinto have shown a very ugly side to the country — throwing a tantrum and blaming “dastardly foreigners” whenever something doesn’t go its way. It’s not an image the country can afford if it wants to be a major global player.

China: the new Russia?

China’s recent interference in the private business of Rio Tinto smacks of Vladimir Putin’s Russia, says the Wall Street Journal — and it’s the wrong direction to head in if the country wants to earn the trust and business of foreign companies.

Rio still awaiting evidence of spying

Rio Tinto says it has still seen no evidence to support the detention of its four employees being detained in China for spying.

China’s $100 billion Rio lie

It’s now clear from reports in two leading American news organisations, that the claims about Rio Tinto at the weekend were concocted and embarrassed China.

Political snippets: The great scandal of corporate life

Richard Farmer muses on why Rio Tinto CEO Tom Albanese’s day of reckoning nears, the bright future of Nick Xenophon, “use by” dates and more.

Muddled maths cost Rio

The now disputed accusations that Rio Tinto cost China’s iron ore industry $102 million has wiped $3.3 billion from the company’s value.

The Middle Kingdom’s mixed messages

The Stern Hu affair has taken a ludicrous turn, says Matthew Stevens, as China engage in some Cold War rhetoric with accusations of Rio’s “commercial espionage warfare” and the increasing likelihood that we’re headed for “iron-ore show trials”.

China’s spin offensive

The Chinese government is now backing away from yesterday’s claims that Rio Tinto engaged in commercial espionage, after the source admitted he essentially made it up, says Alan Kohler. Yet the country’s news outlets are still running the story as fact, with the new charge that Australian Stern Hu owns two $17 million villas.

Political snippets: Rio Tinto not alone in not knowing

Where does China draw the line between legitimate market research and illegal commercial espionage? They themselves don’t seem to know, so how can Rio? Richard Farmer investigates.

Crikey Says: Action needed on China and Rio Tinto

Yesterday’s missive from China raises the stakes considerably in the screw-tightening on Rio Tinto and its imprisoned executive Stern Hu. Is it time for stronger diplomatic action?

China: The spy Hu robbed me

In news that bodes poorly for detained Australian Rio Tinto executive Stern Hu, China have broadened their allegations against the company, claiming Rio has waged a campaign of “economic espionage”, stealing state secrets for six years, at a cost of $120b to the country’s economy.

Should Australia appeal for Chinese investors?

An easing of restrictions on foreign investment in Australia by Wayne Swan yesterday does little to change the current issue of Chinese investment in Australia’s rich resources industry.

Your Say: Daily Mail readers' feedback: The climate change cage match continues

Crikey’s ongoing climate change cage match continues to draw strong opinions from readers, plus letters on Rio Tinto, First Dog vs Tony Abbott and a great suggestion for a new Crikey slogan…

China’s ore tactics eroded from within

China’s attempts to try and crack the iron ore producers is being undermined by soaring world prices, says Glenn Dyer.