Related
‘Iron Lady’ boycott in English ex-mining towns 13/01/2012 11:26 CET
Queen Elizabeth visits aboriginal school 27/10/2011 15:32 CET
Queen Elizabeth II visits Australia 24/10/2011 11:57 CET
Inquiries ordered into Welsh mining tragedy 17/09/2011 06:33 CET
Welsh mine tragedy as all missing found dead 16/09/2011 19:39 CET
Mixed news from global miner Rio Tinto.
It posted a stronger-than-expected eight percent rise in second-quarter output of iron ore, the material that accounts for the bulk of its profit. But at the same time Rio Tinto’s Chief Executive Tom Albanese warned world markets – particularly aluminium – remain tough. He added the firm would keep trying to hold down costs as well as align production with demand and reduce debt. And he said a recovery in Chinese steel demand is expected to continue into the second half of this year. Meanwhile a possible plan for Rio Tinto to merge its Australian coal mining business with that of BHP Billiton is being reported. The story in Australia’s Herald Sun newspaper said the two mining giants could see massive cost savings with such a merger but analysts pointed out strict competition laws in Europe could create obstacles.More about: Australia, Mining, United KingdomCopyright © 2012 euronews
Top Stories
Greek debt deal sparks protests and a strike
Their political leaders may be breathing a sigh of relief. However, Greeks protesting outside parliament are far from happy that…
Deadly shelling continues in Homs
In Syria, the heavy bombardment of opposition-held neighbourhoods in Homs is reportedly…
Spain's 'human rights' judge Garzón convicted
Spain’s best-known judge, who achieved international fame for his human rights…
Corporate news
Renault’s low-cost Moroccan factory upsets politicians- Pepsi cuts jobs, boosts marketing chasing Coke
- Southern Europe hanging up on Vodafone
- Some shareholders baulk at Glencore-Xstrata merger
- Upbeat forecast from Toyota
- Gloomy outlook from UBS
- Boeing plays down 787 delamination problem
- Mitsubishi puts the brakes on European production
- Panasonic joins Sony and Sharp in sea of red ink
- Debt grounds Hungary’s Malev
euronews on facebook
