Articles Tagged "NYSE:RIO"

Rio Tinto Loses Legal Fight to extend Australian Coal Mine

Reuters reported today that Rio Tinto (ASX:RIO,NYSE:RIO) lost an appeal to the Australian Supreme Court to expand its Warkworth coal mine in New South Wales, Australia. Managing Director Chris Salisbury told Reuters that Rio Tinto will submit a revised plan for the mine that will include funding for woodland and employment programs and a 1,800 hectare National Park.

Three Firms Express Interest in Rio Tinto’s Coal Assets

The Wall Street Journal reported that Coal India Ltd. (BSE:533278), Shenhua Group Corp. and Aditya Birla Group have said they will bid for Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) Australian coal assets, according to "a person familiar with the matter." The companies must submit their first-round bids this week.