Rio Tinto CEO on Copper

Jan. 26 2011 | Copper prices are up 32% since August, and the rally has helped shares of mining giant Rio Tinto soar. CNBC's Maria Bartiromo caught up with Rio Tinto CEO Tom Albanese in Davos, Switzerland, and asked him what's causing the rise in copper prices

Rio Tinto Plans to Boost Capex, Output

Nov. 29 2010 | Tom Albanese, CEO of Rio Tinto, talks about the global miner's plan to boost iron ore output and how it is dealing with the issue of labor shortage. He tells CNBC's Chloe Cho, he sees very attractive expansion opportunities and strong iron ore markets going forward.

Rio Tinto Sees Effect of Lower Grade Copper on Production to Continue Into 2011

"ADRs of Rio Tinto (RIO) are lower in the pre-market as the company said it expects 2010 mined copper production to come in at 661,000 tonnes, according to a MarketWatch report.

The company also reportedly said it sees the effect of lower grade copper on production to continue into 2011.

Commodities are heading lower overall on Friday, with gold and crude oil both sliding as concerns over European sovereign debt and ongoing tension in the Korean peninsula sent traders to the relative safety of U.S. dollars, driving down prices for basic goods. "

BHP Billiton, Rio Tinto Call Off Plans To Form Australian Iron Mining JV

BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) abandoned their plans to form a $116 billion iron ore joint venture after regulators in Australia and elsewhere indicated they would block the deal because of concerns over competition, according to a NYT DealBook report.

SmarTrend is bullish on shares of BHP Billiton and our subscribers were alerted to buy on September 03, 2010 at $71.11. The stock has risen 15% since the alert was issued.

Miner Rio Tinto Reports Record Earnings

In today's market report... Global miner Rio Tinto reported a record first-half profit on Thursday. It was more than double a year ago. Metals prices have recovered and its mines ran close to full throttle supplying China.

Rio Tinto's earnings totaled $5.8 billion, and they also announced an $800 million investment in a Western Australia iron ore facility. It's seen as a vote of confidence in Australia's new government and a reduced mining tax.

Meanwhile Japan's Nikkei today regained ground lost on Wednesday. The dollar rebounded from an eight-month low against the yen. It came on encouraging U.S. employment and service sector data.

Toyota Motor shares climbed after reporting its best operating profit in two years, beating market estimates, and lifting its cautious forecasts. That's despite a sluggish U.S. recovery and a stronger yen.

Elsewhere in the region, China's banking regulator instructed lenders to stop extending mortgages to people buying their third homes in four of the cities where house prices have risen sharply. Property speculation has made housing prices soar since the 1990s, and authorities are now trying to slow that growth. Officials fear sky-high prices in major cities are feeding on themselves and making it impossible for average workers to own a home.

China Faces Price Increases on Iron Ore, Coal Says Gavin Wendt

March 22 (Bloomberg) -- Gavin Wendt, a senior resource analyst at Mine Life Pty, talks with Bloomberg's Linzie Janis about the outlook for iron ore and coal prices. Wendt, speaking in Sydney, also discusses the trial of Rio Tinto Group executive Stern Hu on bribery charges in China.