Rio Tinto


Multinationals to tread carefully in Hu’s wake

When the dust settles on Stern Hu’s ‘three day trial’, the business community will take a much dimmer view of both China’s business environment and of the country’s political-economy, writes John lee.

Rio Tinto and China are friends again?

After last year’s Rio Tinto-Chinalco deal fell through, it seemed China had cracked it at the mining giant. But with the pair announcing a joint venture into Africa last week, has the frosty relationship thawed?

Garnaut: Inside Stern Hu’s cell

Rio Tinto exec Stern Hu — who is still sitting in a Chinese jail — has not seen his family since July, wears a neon-orange jumpsuit and is forced to sit upright or sleep on a communal board, reveals John Garnaut.

Chinalco: It was the economic forces whodunnit

The official Chinese government findings are in: the Australian government and Rio Tinto are not to blame for the collapsed Chinalco deal. Rather, a combination of economic forces brought it down. John Garnaut reports.

Business As Usual: No space at MySpace … the dirt on China …

Rupert Murdoch can’t seem to keep executives who know the digital world, Greece has no one to blame but itself for its financial woes, Barnaby Joyce vs. Ken Henry, and more business briefs.

How corporate elections work: Rio Tinto case study

We should celebrate the fact that Rio Tinto is belatedly getting on with the job of board room renewal and accountability — albeit without fixing the glaring lack of Australian directors at a company that generates a majority of its profit from Australia.

Mayne: Paid journalists’ session improves NAB AGM

The National Australia Bank went into uncharted waters at yesterday’s AGM in Brisbane, by paying journalists to conduct a 50-minute pre-meeting discussion with chairman Michael Chaney and CEO Cameron Clyne.

Morning Market Report: Market up as Chinalco looks to sell its Rio Tinto share

Today’s market news is all about resources, as Chinalco, Woodside, BHP and Rio Tinto all make waves.

Where’s the warning for investors from the big polluters?

Some of Australia’s biggest polluters continue to say one thing in public about the CPRS and tell their shareholders another.

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.

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.

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.