Latest Tom Albanese Stories

2014-03-31 00:20:16

MUMBAI, March 31, 2014 /PRNewswire/ -- The merger of Sterlite Industries (India) Limited and Sesa Goa Limited, and the Group consolidation was completed in August 2013, creating Sesa Sterlite Limited ("Sesa Sterlite"), India's premier and one of the world's largest diversified natural resources companies. Sesa Sterlite is pleased to announce the reconstitution of its Board as follows. (Logo: http://photos.prnewswire.com/prnh/20140117/663814 ) Mr. Tom Albanese...

2009-08-21 12:32:18

Rio Tinto executives pledged to respect China's legal system as the commercial espionage case against four staff members proceeds. I am naturally personally concerned about them, but I want to stress that we will respect the Chinese legal process, Rio Tinto Chairman Jan du Plessis said. Four staff members were arrested July 5 on charges of stealing state secrets, but the charges have been downgraded considerably to commercial espionage. We do welcome the fact that the grounds for their...

2008-09-18 09:00:35

Rio Tinto and General Electric today announced that they are working together on two key strategic technology projects, Rio Tinto's 'Mine of the Future(TM)' and GE's 'Ecomagination'", to develop the most energy efficient and ecologically friendly solutions to support the future of mining. Combining GE's expertise in environmental technologies with Rio Tinto's deep mining knowledge creates a world-class platform to help forge the solutions required for the future of mining and in doing so...

2008-08-27 12:01:05

Mining giant Rio Tinto (RTP) must wonder what it has to do to impress shareholders. On Aug. 26, the Anglo-Australian company announced a 55% annual jump in first-half underlying earnings, to $5.47 billion, on revenues of $27.1 billion, more than double the level a year earlier. With numbers like that, you would expect investors to rejoice. But that's not what happened: Rio's shares dropped slightly by the close of London trading and are now down 2.6% since the start of the year. Why are Rio...

2008-08-27 06:00:38

By David Jolly Rio Tinto, the global mining company, posted record first-half profit Tuesday, bolstering its effort to fend off a hostile takeover by BHP Billiton. Rio Tinto said results had been lifted by booming demand for iron ore from steel makers in Asia and by the acquisition of the Canadian company Alcan for $38 billion in October. Net income more than doubled in the January-June period to $6.9 billion from $3.3 billion a year earlier. Revenue rose to $27.2 billion from $12.1...

Word of the Day
  • To take pains; labor assiduously with little progress.
This word comes from the Spanish 'pongale,' put it.