However, many of the large stones are discovered in southern Africa.
In the case of copper, the company is aiming for a production of 570,000 to 600,000 instead of 600,000 to 630,000 tons. In the 2015/2016 financial year, BHP Billiton extracted 257 million tons of iron ore – three million tons less than planned. The reason for this is an accident in a Brazilian ore mine in November 2015. Thirteen people were killed when a dam in a sewage basin broke.
The sewage sludge also contaminated the area. The mine is operated by Samarco, owned by BHP and the Brazilian mining company Vale. Source: ntv.de, kst / rts “The time has come: the mining giant Rio Tinto is withdrawing from coal mining in Australia, making it the only global mining company Rio Tinto will sell its stake in the Kestrel mine in Queensland to a consortium for the equivalent of 1.82 billion euros, the company announced. Kestrel was the last remaining coal mine owned by Rio Tinto. In the future, the group will concentrate on copper, iron ore and aluminum, among other things. Loaded coal trucks in the Rio Tinto mine in Australia. (Photo: REUTERS) Source: ntv.de “Rio Tinto is in the Pilbara region in north-west Australia by far the most important employer. (Photo: REUTERS) This setback should only spur the ambition of Glencore boss Ivan Glasenberg: The Australian ore and coal giant Rio T into clearly rejects the offer of the Swiss raw material giant Glencore Xstrata, while the British-Australian mining company Rio Tinto has rejected a merger offer from the raw material giant Glencore.
The company announced in Melbourne that morning (local time) that smaller rival Glencore had contacted in July to explore a possible merger, but that the offer had been rejected in August. Since then, there has been no further contact, the company assured. A merger between the two companies would have created the world’s largest mining group. “After consulting with its lawyers and financial advisors, the Rio Tinto Board of Directors came to the unanimous conclusion that a merger would not be in the best interests of the Rio Tinto shareholders,” said the Group in a statement to the Australian stock exchange. Rio Tinto, the second largest iron ore producer in the world, responded with his statement to ongoing media speculation about a possible imminent merger. The shares of Rio Tinto gained up to four percent in morning trading after the statement was published in Sydney. The Swiss commodity giant Glencore is known for its willingness to take over.
Last year, the company bought competitor Xstrata for around 46 billion euros, making it the largest takeover in the industry’s history. The first annual results of Glencore Xstrata presented in March showed an adjusted operating profit of (Ebitda) of 13.1 billion dollars and exceeded the analyst forecasts by far. “Ivan knows no limits in his ambitions,” said a bank representative of the news agency Reuters with Blick on the acquisition strategy of Glencore boss Ivan Glasenberg. In 2011, Glencore tried to be listed on the stock exchange in order to be able to realize more acquisitions.
The failed takeover plans should not prevent Glasenberg from making new attempts – at Rio Tinto or at another address. The Glencore boss could actually learn from the Australians that ambitious takeovers do not necessarily have to be successful: Rio Tinto was after losses because of losses Billions in incorrect purchases prescribed an austerity course that only recently bore fruit. In August, the group reported an adjusted half-year profit of $ 5.1 billion, an increase of 21 percent. Source: ntv.de “News and information at a glance. Collection of articles by n-tv.de on the subject of Rio Tinto The British-Australian mining company Rio Tinto has paved the way for the acquisition of Canadian aluminum maker Alcan, which the company announced has a guarantee to syndicate $ 40 billion in debt.essay ideas for to kill a mockingbird
Some of the liability is to be refinanced through the issue of bonds. The British-Australian mining group Rio Tinto is taking over the Canadian aluminum giant Alcan for 38.1 billion dollars. It is the largest acquisition by a mining group to date.
Alcan had previously rejected a hostile takeover offer from US market leader Alcoa of just under $ 28 billion. The new group Rio Tinto Alcan is the largest aluminum manufacturer in the world. The Canadian aluminum manufacturer Alcan is talking to interested parties about a merger to crush the hostile takeover attempt by US rival Alcoa. According to media reports, Alcan is negotiating with the Australian mining company Rio Tinto. According to the Times, Rio is on the verge of a $ 34 billion bid.
The British-Australian mining company Rio Tinto plans to expand its Yarwun refinery for alumina in the Australian state of Queensland for 1.8 billion US dollars. According to the company, the annual output of the production facility will increase by two million tons to 3.4 million tons by 2011. The French banker Guy de Rothschild died on Tuesday at the age of 98 in Paris. This was announced by the France Galop company, which is managed by one of his two sons.
The family bank, which Rothschild took over as chairman after the war, soon controlled industries around the world, including the mining company Rio Tinto Zinc, oil companies, hotels and a shipping company. The Australian mining group Rio Tinto is considering taking over its Canadian rival Alcan. The “Sydney Morning Herald” reported that Rio Tinto was getting advice from Deutsche Bank. The newspaper did not provide details of a possible offer.
The US group Alcoa has already bid for Alcan. Alcan has described the offer with a volume of 28.4 billion dollars as too low. Merger speculation in the mining sector is endless. Now they have even hit the two largest corporations in the industry: Rumors of a $ 100 billion takeover of the Australian giant Rio Tinto by world market leader BHP Billiton drove the shares of both companies to a record high on Wednesday.
The British-Australian mining group Rio Tinto has created the financing conditions for the takeover of the Canadian aluminum manufacturer Alcan. As the company announced, the guarantee is available to finance US $ 40 billion in debt through a syndicate. Some of the liability is to be refinanced through the issue of bonds.
The British-Australian mining group Rio Tinto is taking over the Canadian aluminum giant Alcan for 38.1 billion dollars. It is the largest acquisition to date by a mining group. Alcan had previously rejected a hostile takeover offer from US market leader Alcoa of just under $ 28 billion. The new group Rio Tinto Alcan is the largest aluminum manufacturer in the world.
The Canadian aluminum manufacturer Alcan is talking to interested parties about a merger to crush the hostile takeover attempt by US rival Alcoa. According to media reports, Alcan is negotiating with the Australian mining company Rio Tinto. According to the “Times”, Rio is about to make an offer of 34 billion dollars. “The Diavik diamond mine is a joint venture between Dominion Diamond Mines and a subsidiary of Rio Tinto. (Photo: picture alliance / dpa) The largest diamonds in the world are mostly found in southern Africa.
But there is also heavy dredging elsewhere. The largest diamond in North America, the size of a chicken egg, has now been found in Canada, and the largest diamond in North America has been discovered in northern Canada. According to Canadian and US media reports, the yellow diamond with a weight of 552 carats comes from the Diavik diamond mine, just under 220 kilometers south of the Arctic Circle. The diamond the size of a chicken egg replaces the previous “record holder”. The “Diavik Foxfire” was found in the same pit and weighs 187.7 carats.
It was later made into a pair of earrings that sold for more than $ 1.5 million. The gemstone now discovered was found in October, according to the Toronto Star newspaper, citing mine operator Dominion Diamond Mines reported. Its exact value is therefore still unclear. Rather than going on sale in its raw state, it should be polished and, according to Bloomberg, is the seventh largest diamond find this century. However, many of the large stones are discovered in southern Africa.
For example, a stone found in Botswana in 2015 weighed 1111 carats. The world’s largest diamond, the Cullinan at 3106 carats, was found in South Africa in 1905. The stone was later split, the large parts were incorporated into the British crown jewels. Source: ntv.de, mli / dpa “The scream – also record-breaking. (Photo: imago images / Beautiful Sports) Johannes Vetter continues even without the annual highlight, the Olympics Highlight – and the javelin thrower sees his monster throw only 72 centimeters below the world record as the end of his development. Unusually, even familial strokes of fate help him. The visit to the doctor has finally been spared the currently best javelin thrower in the world. “It’s the first time For several years that I did not have to see a doctor for follow-up treatment after the season, “said the javelin world champion of 2017, Johannes Vetter:” That gives courage for the Olympic year 2021. “Especially since it was a brilliant achievement for him in the extraordinary Corona year succeeded in athletics On September 6, he shot his spear in Chorzow, Poland, to 97.76 meters, missing the 34-year-old World record of the Czech Jan Zelezny by only 72 centimeters.
After this big hit, he is now the top favorite at the Summer Games in Tokyo. “The top priority is to stay healthy and to attack Olympic gold,” emphasized the 27-year-old cousin, who also has another ambitious goal. “Of course the world record tingles in your fingers. If you’ve already thrown that far and only a few places have not been quite optimal, you want to push it to the limit.” National coach Boris Obergföll has confidence in him: “Johannes has the potential for the record. He has the necessary reserves.” He made the amazing leap in performance despite or perhaps because of the restrictions of the pandemic. Instead of the usual 20, he only completed about half as many competitions. During training, he had time to fine-tune his technique and was practically undisturbed by meetings with the media and sponsors.
In addition, he got along better in the extreme Corona time after the bad luck with injuries in recent years and a family blow in 2018. “This situation was easier for me to accept,” said the Dresden native. “By postponing the Olympic Games in Tokyo, I haven’t lost my stamina and ambition.” That is why the joy and fun of javelin throwing have returned. “And then one and one came together – and I got into a nice flow where everything went well,” says Vetter. Nine wins in six weeks – including three successes with over 90-meter throws – are his strong record, which World Athletics also honored: The world association nominated him for the election of World Athlete of the Year. “I am modest with the election nomination,” said the exceptional thrower of the LG Offenburg. However, he does not lack motivation for the Olympia project – nor is he too overconfident. “Of course it is easier to build up the training with almost 98 meters in your back with a view to the Tokyo Games,” said Vetter. But he doesn’t want to make something special out of it. “I will continue to train solidly without one throw going to my head.” He’s not the type for that. “In addition, javelin is like surfing: Everyone can surf and whoever gets the best wave delivers the best daily performance,” he emphasized. Like all other top athletes, Vetter has lost income, but got through the Corona crisis quite well. “If I were to complain personally, it would be high-level complaints. I have laid a good foundation with my performance this year,” he said.
Many athletes had no competitions and were even more restricted in training. “The financial slumps are big for me too, because a lot of entry fees and bonuses are missing. Sponsors also have to cut their donations”, explained Vetter. “For many, this is a tough year. It will cost an athlete.” Source: ntv.de, Andreas Schirmer, dpa “Rio Tinto diamond mine in Canada. (Photo: picture alliance / dpa) Rio Tinto is throttling diamond mining and salt.
The mining giant is paying tribute to the sharp fall in prices for natural resources. Iron ore production, on the other hand, will not be curtailed. Rio Tinto has increased its iron ore deliveries significantly. At the same time, the mining company is scaling back the production of some niche products such as diamonds and salt due to the widespread weakness of the commodity markets. Mining companies worldwide are suffering from the collapse in prices for natural resources from precious stones to copper and coal, which are coming under pressure due to abundant global supply and slowing economic growth are. In some sectors, companies have scaled back production in the hopes that markets would rebalance. Other mining companies are rushing to cut costs to cushion the downturn. Rio Tinto has announced that it will suspend end product processing in Argyle, Western Australia, “in light of current market conditions” in the fourth quarter.
Argyle is one of the largest diamond mines in the world and mainly supplies naturally colored pink and red diamonds. Rio Tinto now expects a diamond extraction of only 18 million carats this year. Previously, the estimate was 20 million carats. The company has also cut back salt production, a raw material that is mainly used by the chemical industry but also sold to food manufacturers.
Here, too, Rio Tinto is one of the world’s largest suppliers to the market. Salt production in the first nine months of 2015 was lower than in the same period in 2014 due to weaker demand, the company said without further elaborating.