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Latest Rio Tinto plc Stories

2009-02-09 08:00:00

MONTREAL, Feb. 9 /PRNewswire/ - Alcan Cable, part of Alcan Engineered Products - a business unit of Rio Tinto Alcan - has launched WIDESTRIPE(TM) XHHW-2 cable for use in wiring applications in residential, commercial and industrial construction requiring phase identification. As the most recent addition to the STABILOY(R) family of aluminum alloy building wire products, WIDESTRIPE(TM) XHHW-2 single phase conductor is identified with three wide color stripes embedded within the surface of the...

2009-01-21 14:24:00

MONTREAL, Jan. 21 /PRNewswire-FirstCall/ - Alcan Global Aerospace, Transportation and Industry (ATI), part of Alcan Engineered Products - a business unit of Rio Tinto Alcan - will implement a workforce reduction plan at its Ravenswood facility in West Virginia. The plan is expected to impact 168 roles (140 permanent and 28 temporary employees) and is based on Alcan Global ATI's current vision of the economic conditions weakening the aerospace and general engineering markets. "These...

2009-01-20 08:13:00

MONTREAL, Jan. 20 /PRNewswire/ - Key measures - A further six per cent reduction in aluminium production, bringing the total reduction to approximately 11 per cent, and close to six per cent reduction in alumina production - Reduction in global workforce by approximately 1100 roles (300 contractors and 800 employee roles) - Substantial cost reduction programmes in Rio Tinto Alcan facilities worldwide - Permanent closure of Beauharnois smelter in...

2008-12-17 07:50:00

MONTREAL, Dec. 17 /PRNewswire/ - Rio Tinto Alcan is revising its participation from an equity partner in the integrated aluminum "mine-to-metal" project in Saudi Arabia to the role of working with Saudi Arabian Mining Company (Ma'aden) towards project development through a smelter technology transfer agreement and a cooperation agreement. "Going forward, our partnership will be one of cooperation rather than one of equity ownership," said Dick Evans, Chief executive, Rio Tinto Alcan. "The...

2008-12-10 16:15:00

TORONTO, Dec. 10 /PRNewswire-FirstCall/ - Highlights (All figures are in United States dollars unless otherwise indicated) The Company recorded consolidated net earnings of $71.9 million, or $1.17 per share, for the third quarter compared to a net loss of $7.4 million, or $0.13 per share, respectively, in the third quarter of the prior year. Consolidated net earnings for the third quarter included a $49.0 million net foreign exchange gain, or $0.80...

2008-12-05 06:00:00

MONTREAL, Dec. 5 /PRNewswire/ - Rio Tinto Alcan, the Agence francaise de developpement (AFD), the Center for International Studies and Cooperation (CECI), and the Guinean Ministry of Decentralization and Local Development have signed a memorandum of understanding to build planning and management capacities in the rural development communities (CRDs) of Kamsar, Kolaboui and Sangaredi, in the Boke mining region. "This public-private partnership fully supports the Republic of Guinea's...

2008-10-17 12:00:19

Alcoa (NYSE:AA) said today it expects its joint shareholding in Rio Tinto to be transferred promptly and smoothly from a custodial account with Lehman Brothers International Europe in London to a custodial account with another nominee unaffiliated with Lehman Brothers. Alcoa said it is working closely with administrators of Lehman Brothers International Europe and with Chinalco, its close and long-term business partner, to achieve the transfer. Alcoa and Chinalco hold the shares jointly...

2008-10-15 09:00:25

Chief executive Tom Albanese said: "The long term outlook for Rio Tinto remains positive despite the upheavals in global markets. In the third quarter, our business continued to perform extremely well, breaking yet more production records in iron ore, bauxite, hard coking coal and US coal. "In the near term, the Chinese economy is pausing for breath. China is not completely insulated from an OECD recession and we will see an impact on Chinese exports. However, the near term slowdown of...

2008-10-01 12:00:22

MONTREAL, Oct. 1 /PRNewswire/ -- Rio Tinto Alcan's Lochaber plant employees reached a major safety landmark last week, completing the facility's second consecutive year without accidents in the workplace. "From the operations and maintenance teams through to senior management, we have all worked hard to achieve an accident-free record at Lochaber," said Mick Routledge, Works Manager. "This track record also applies to contractors and suppliers working within the Lochaber works and is a...

2008-09-22 06:00:27

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: FedEx Corp. (NYSE: FDX), ValueClick, Inc. (Nasdaq: VCLK), BT Group Plc. (NYSE: BT), Rio Tinto Plc. (NYSE: RTP) and BASF (OTC: BASFY). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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