steel takeover news

Rio Tinto completes its $15.2bn issue - Financial Times

Fri, 03 Jul 2009 20:56 GMT

Rio Tintocompleted its $15.2bn rights issue yesterday, shoring up its financial position after Australian shareholders took up 95 per cent of their entitlement to the new shares issued by the miner. The Australian leg of the deeply discounted, fully ...

Will Chinalco make Rio pay? - The Age

Fri, 03 Jul 2009 17:28 GMT

There is a Chinese proverb: "He who seeks revenge should remember to dig two graves." Chinalco delivered a message yesterday to Rio Tinto when it announced that it had taken up its entitlement to the $US15.2 billion ($18.9 billion) Rio rights issue ...

Rio Tinto sells $24b of shares - New Zealand Herald

Fri, 03 Jul 2009 12:13 GMT

MELBOURNE: Rio Tinto Group, the world&os;s third-largest mining company, completed this year&os;s second biggest share sale, reducing the high level of debt that forced it to consider selling stakes in its most valuable assets. London-based Rio yesterday ...

ArcelorMittal Slows Pace of Investment in Senegal - Bloomberg

Fri, 03 Jul 2009 10:37 GMT

ArcelorMittal Slows Pace of Investment in Senegal
Bloomberg
... own raw materials, such as iron ore and coking coal, and break the grip of the three largest ore producers, BHP Billiton Plc, Rio Tinto Plc and Vale SA. ...

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Will Chinalco make Rio pay? - Stuff

Fri, 03 Jul 2009 10:04 GMT

LOUD AND CLEAR: Chinalco delivered a message to Rio Tinto when it took up its entitlement to Rio&os;s US$15.2 billion rights issue. OPINION: There is a Chinese proverb: "He who seeks revenge should remember to dig two graves." Chinalco delivered a ...

Investors snap up Rio Aussie issue - Taipei Times

Fri, 03 Jul 2009 09:57 GMT

Mining giant Rio Tinto yesterday confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt. The dual-listed firm, whose share offer came at rock ...

Rio rounds out its $19bn rights issue - The Age

Fri, 03 Jul 2009 08:04 GMT

Rio rounds out its $19bn rights issue
The Age
The proceeds from the rights issue, as well as the $US5.8 billion BHP will pay Rio to equalise its interest in the 50:50 iron ore joint venture, ...
Evening Standard, London, Market Report ColumnAmerican Chronicle

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Rio Tinto's plan B the key to moving on from a crisis - The Age

Fri, 03 Jul 2009 08:03 GMT

Local take-up of Rio&os;s share offer is likely to be strong. THE Australian arm of Rio Tinto has about 150,000 retail shareholders, three times more than the London arm, and for that reason the local take-up of Rio&os;s $US15.2 billion ($A18.9 billion ...

Clive Palmer has resources to build a mining house - The Australian

Fri, 03 Jul 2009 08:01 GMT

Clive Palmer has resources to build a mining house
The Australian
Palmer, who does not consider Rio Tinto and BHP Billiton Australian companies, says he has already built the biggest mining house in the country. ...

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Rio sells most of UK part of its rights offer - Business Day South Africa

Fri, 03 Jul 2009 05:54 GMT

RIO Tinto has sold virtually all of the UK part of its 15,2bn rights offer, the world’s fifth-biggest, easing its huge debt burden and putting it back in growth mode. Strong take-up of the heavily discounted rights offer suggests investors have ...

Rio wraps up rights issue - Reuters

Fri, 03 Jul 2009 03:45 GMT

SYDNEY (Reuters) - Global miner Rio Tinto ( RIO.AX ) ( RIO.L ) wrapped up one of the world&os;s biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares. On Thursday, UK ...

Rio wraps up rights issue, Australian demand strong - Reuters

Fri, 03 Jul 2009 03:44 GMT

Rio wraps up rights issue, Australian demand strong
Reuters
... by a share-market rally and its investment banks, Rio Tinto opted for the rights issue and a cost-cutting iron ore joint venture with BHP Billiton. ...

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Dominance of 3 major iron ore producers harms shipping industry - Manila Bulletin

Fri, 03 Jul 2009 03:35 GMT

Straits Times

Dominance of 3 major iron ore producers harms shipping industry
Manila Bulletin
Young's comments were clearly aimed at Vale, BHP Billiton, and Rio Tinto, which between them control 70% of global seaborne trade in iron ore, ...
Rio Completes $15.2 Billion Share Sale to Cut DebtBloomberg
Rio tips strong take-up of local rightThe Australian
Debt-laden miner Rio Tinto reaps rights bonanzaAFP
WA today -WA today -Bloomberg
all 465 news articles »

Dominance of 3 major iron ore producers harms shipping industry - Manila Bulleting Online

Fri, 03 Jul 2009 03:31 GMT

Cosco said the global dominance of the three major iron ore producers “could be very harmful to the industry.” One of Cosco’s senior executives detailed his concerns about the growing shipping power of Vale, BHP Billiton, and Rio Tinto. “I ...

Australia Market Wrap - CNBC

Fri, 03 Jul 2009 03:09 GMT

Australian shares fell to their lowest close in over a week Friday, led by losses in mining giants BHP Billiton and Rio Tinto after the bigger-than-expected slide in U.S. payrolls dashed hopes for a quick global recovery. The S&P/ASX 200 lost 49.1 ...

Australia shares fall 1.3 pct; BHP, Rio lead decline - Forbes

Fri, 03 Jul 2009 01:36 GMT

for a global recovery. DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead ..... For latest ...

Australia shares fall 1.3 pct; BHP, Rio lead decline - ninemsn

Fri, 03 Jul 2009 00:53 GMT

SYDNEY, July 3 (Reuters) - Australian stocks fell to their lowest close in over a week on Friday, with losses headed by global miners BHP Billiton Ltd and Rio Tinto Ltd after gloomy jobs data in the U.S. cast doubt on the prospects for a ...

Rio Completes $15.2 Billion Share Sale to Cut Debt (Update1) - Bloomberg

Fri, 03 Jul 2009 00:39 GMT

July 3 (Bloomberg) -- Rio Tinto Group , the world’s third- largest mining company, completed this year’s second biggest share sale, reducing the high level of debt that forced it to consider selling stakes in its most valuable assets. London ...

BHP, Diageo, Rio Tinto, Grafton: U.K., Irish Equity Preview - Bloomberg

Fri, 03 Jul 2009 00:39 GMT

July 3 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from the last market close. Balfour Beatty Plc (BBY LN): Britain ...

Debt-laden miner Rio Tinto reaps rights bonanza - Zee News

Thu, 02 Jul 2009 22:59 GMT

Sydney, July 03: Mining giant Rio Tinto has confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt. The dual-listed firm, whose share offer ...