Rio Tinto Ltd
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Australian coal miners are steeling themselves for years of production cuts as swelling shipments from international rivals lower hopes of a recovery in coal prices.
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SYDNEY, May 2- Australian shares fell 0.5 percent on Thursday, dragged down by financials and miners as disappointing U.S. earnings reports and employment data added to broad concerns over the global economic recovery. Westpac Banking Corp and top lender Commonwealth Bank of Australia lost 1 percent and 0.6 percent respectively.
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SYDNEY, May 1- Australian shares slipped 0.5 percent on Wednesday as disappointing Chinese manufacturing data and weak metal prices weighed on miners, but trading was subdued as many investors took to the sidelines ahead of the Federal Reserve meeting result.
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SYDNEY, May 1- Australian shares slipped 0.5 percent on Wednesday as disappointing Chinese manufacturing data and weak metal prices weighed on miners, but trading was subdued with many investors on the sidelines ahead of the Federal Reserve meeting result. dropped 1.6 percent, while rival Rio Tinto Ltd. Australia's flagship phone company Telstra Corp Ltd.
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This followed the HSBC flash PMI figures last week, which had already missed market expectations, pointing to below-target growth in the world's second largest economy and Australia's biggest export market.
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SYDNEY, May 1- Australian shares slipped 0.4 percent in early trade on Wednesday, with weak metal prices offsetting a positive lead from Wall Street and weighing on miners, as investors wait on the release of Chinese manufacturing data for further direction. Global miner BHP Billiton dropped 1.2 percent, while rival Rio Tinto Ltd lost 1.0 percent.
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NEW YORK, April 30- Rio Tinto Alcan. said it has suspended anode production at its 424,000- tonne-per-year Alma aluminum smelter in northern Quebec while it investigates the cause of a accident overnight that killed a worker at the facility. The Syndicat des M tallos, the United Steelworkers branch in Quebec, said the accident victim was a woman.
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NEW YORK, April 30- Rio Tinto Alcan has suspended anode production at its 424,000- tonne-per-year Alma aluminum smelter in northern Quebec while it investigates the cause of a fatal accident overnight. The plant, which is located in Saguenay-Lac-Saint-Jean, about 310 miles northeast of Montreal, produces 250,000 anodes per year.
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April 30- Rio Tinto Alcan:. at Alma facility in Quebec. accident at its Alma facility in lac-saint jean, Quebec.
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SYDNEY, April 30- Australian shares climbed 1.3 percent on Tuesday to close at their highest level in almost five years, led by sharp gains in the financial sector as Australia and New Zealand Banking Group jumped to a record high after a strong earnings report.
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NEW YORK, April 30- Rio Tinto Alcan. said it has suspended anode production at its 424,000- tonne-per-year Alma aluminum smelter in northern Quebec while it investigates the cause of a accident overnight that killed a worker at the facility. The Syndicat des M tallos, the United Steelworkers branch in Quebec, said the accident victim was a woman.
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----------PREVIOUS ITEMS Qatar Airways, Air Arabia may invest in India- Times of India---------- Air India plans more direct flights to fight competition- Mint---------- Etihad offers $300 mln cheap loan to Jet Airways- Economic Times----------.
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*India to release infrastructure output data for March. *India to likely release the fiscal deficit data for April-March. *Bharti Infratel Ltd, the telecommunications tower unit of top Indian mobile phone carrier Bharti Airtel Ltd.
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SYDNEY, April 30- Australian shares rose 0.6 percent to a four-and-a-half year high on Tuesday, led by financials as Australia and Zealand Banking Group rallied on strong first-half earnings, while sentiment was also supported by hopes of more central bank stimulus.
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JOHANNESBURG/ LONDON, April 29- Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
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*Rio Tinto had been considering shutdown at Sebree smelter* Sebree, in Kentucky, employs more than 500. April 29- Century Aluminum Co said on Monday it would buy a Kentucky smelter from Rio Tinto and announced a tentative deal on power costs for a nearby smelter it had threatened to close, sending its shares up more than 9 percent.
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By Anjuli Davies and Clara Ferreira-Marques. LONDON, April 29- With the world's largest miners flocking to sell assets, cost cuts across the industry and a virtual drought in buyers, private equity funds may finally be tempted into a sector long seen as potentially lucrative but risky.
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JOHANNESBURG/ LONDON, April 29- Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
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SYDNEY, April 29- Australian shares rose 0.6 percent to its highest close in seven weeks on Monday, led by strong gains in the banking sector as investors chased high yielding stocks in a session characterized by some caution after Friday's disappointing U.S. first-quarter growth figures.
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SYDNEY, April 29- Australian shares rose 0.6 percent to its highest close in seven weeks on Monday, led by strong gains in the banking sector as investors chased high yielding stocks in a session characterized by some caution after Friday's disappointing U.S. first-quarter growth figures.
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*Rio Tinto had been considering shutdown at Sebree smelter. *Sebree, in Kentucky, employs more than 500. Century, partially owned by a subsidiary of Glencore International PLC, will buy the Sebree smelter in Henderson County, Kentucky, from the global mining giant for $61 million in cash and receive $71 million in working capital.