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Globalization is leading to distinct changes in capital markets and is influencing investment decisions of Australians. International indices influence institutions and companies in what they do to enhance shareholder value. Royal Dutch, with primary listing in the Netherlands and Shell in London, is discussed as an example of a dual-listed company. Unilever is another Anglo-Dutch example. BHP and Brambles, both in Australia, are in a joint venture, BHP Billiton. Rio Tinto in Australia is discussed.

RTZ is the world's leading mining company and one of the very few British companies to lead its chosen sector internationally. For all that, not many members of the British […]

How times have changed. Ten years ago, the diamond business looked pretty much as it had during the previous 50. De Beers controlled between 80 and 90 percent of the [...]

E&MJ's managing editor recently had an exclusive interview with Ian Strachan, CFO and deputy CEO-designate of RTZ Corp. plc. [see People section this issue]. The company makes money the old [...]

Nippon Steel and Pohang Iron & Steel plan to transact trades using Bolero.net for purchase orders. Joining them will be mining companies BHP Billiton Ltd. and Rio Tinto Plc. The [...]

A series of mergers over the past couple of years has led many in the mining industry to hope for much greater restraint in building new production capacity: partly because [...]

In more sexist times, it was said that behind every great man, there is a great woman. Substitute mining company for `man' and orebody for `woman'. Most of the great [...]

The world's largest diamond producer, the De Beers group, duly posted its cash takeover offer of A$1.62/share to shareholders in Ashton Mining Ltd of Australia this Wednesday (September 6), despite [...]

A global labor coalition has a first-ever effort under way to force an independent, nonexecutive deputy chairman at Rio Tinto plc. The proxy fight's intent is to have a 'more [...]

The Diavik Project involves one of the highest value diamond resources ever discovered. A feasibility study is close to completion but the overall resource is of the order of 140 [...]

A coalition of labor organizations in the United States, United Kingdom and Australia launched a three-continent shareholder proxy contest against Rio Tinto PLC, one of the world's biggest mining companies, [...]

Rio Tinto plc announced that its 60%-owned Diavik Diamond Mines Inc. (DDM) subsidiary had been notified by the Canadian federal government's Dept. Of Indian Affairs and Northern Development (DIAND) decision [...]

Efficiency is one of the preoccupations of Rio Tinto's chief executive, Leon Davis. He is particularly concerned with enhancing the company's operating and capital efficiency as well as managing more [...]

Rio Tinto Chief Executive Leigh Clifford points out his company has been acquiring other firms and is keen to form alliances in order to maximize its operations. He suggests the Australian mining industry will have to work harder to obtain ore. Rio has spent some $5.5 billion on buying North and Comalco.

IN MANY industries, corporate giants are out of fashion. Companies such as IBM and General Motors are famous for being humiliated by smaller, nimbler rivals. But not in mining. Mention [...]

With thousands of perspective shoppers strolling the streets of New York's Fifth Avenue Sunday after Sunday, one can only cringe to think of the dollars lost in missed sales to [...]

Rio Tinto plc completed exploration work around the world amounting to US$34 million during the September quarter. The company's efforts have borne fruit in a number of different projects, some [...]

Rio Tinto and its joint-venture partners have approved development of the $A425M Hail Creek coal project in central Queensland. The proposed open-cut mine is based on total resources estimated at [...]

Rio Tinto has opportnities for operational synergies, and should report a rise in profit for 2000. SG Securities rates the company's stocks a strong buy, Williams de Broe rates them a buy, and BNP Paribas rates them outperform.

Antofagasta plc reports its Chilean mine is operating above estimates three months ago; Peabody Group reports the last 12 months were the safest in operations ever.

Yet another mining concern joined the Byzantine battle for control of the world's richest gold find. RTZ Corp. PLC of Britain and Freeport-McMoRan Copper and Gold Inc. of New Orleans [...]

Rio Tinto Zinc has benefited from increased profits in 1994, and the company's share price has also risen. The company should benefit from a reduction in state owned mining compoanies which continue to produce when the market is glutted and prices are low. Petroleum companies have left the market, reversing an attempt at diversification, and demand is increasing from newly industrialising countries. Conditions are thus improving for RTZ, which has also improved its position by setting up a broad portfolio.

RTZ has seen a rise in sales for 1st half 1994 due to increased volume sales of gold and copper from the Flambeau mine, US, and copper sales from the Escondida copper mine, Chile. Prices also rose with economic growth world wide. A gain of 45 million pounds sterling from the sale of the Pasminco mine helped boost earnings. A net profit of 550 million pounds sterling could be achieved for full-year 1994, compared with 373 million pounds for the previous year.

RTZ Corp CEO Robert Wilson forecasted weaker metals prices for 1993 amidst rising exports of raw materials coming from the Commonwealth of Independent States. Likewise, Wilson added that copper consumption has not reached its desired levels in the US and Europe. Despite such forecasts, Wilson revealed that Kennecott Copper Corp, an RTZ subsidiary, will construct a copper smelter while expanding a nearby refinery at its Bingham Canyon copper mine.

Blaming continuing low tin prices and the strength of the Canadian dollar, which have caused total losses of $Can 95 million since 1988, despite on-target production by the mine, Rio [...]

Capper Pass to restart production Capper Pass, the North Ferriby, UK subsidiary smelter of RTZ Corp Plc, is restarting its electric arc furnace to work through the stored medium grade [...]