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Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP). [3] It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions.
From the 1920s, the Rio Tinto Company Limited began a policy of diversification of its investments and activities, acquiring several mines in British colonies in Africa. Around 1928, it was already investing heavily in sites located in Northern Rhodesia. [45] Spain slowly lost the prominent position it once held within the company since 1873.
Chinalco currently owns 9.3% of Rio Tinto; the additional investment would have raised Chinalco's ownership stake in Rio Tinto to 18.5%. The proposed deal met strong political opposition in Australia, and Rio Tinto decided instead to raise the money through existing shareholders and by forming a joint venture with BHP Billiton. [11]
There are several situations in which this may occur. Events such as war may render certain trading or actions illegal, as was the case in Denny, Mott & Dickinson v James Fraser [20] and Ertel Bieber and Co v Rio Tinto Co Ltd [1918] AC 260. If the law changes prohibit performance after the contract was made, the contract may be frustrated.
From 1 July 2019, the whistleblower protections in the Corporations Act have been expanded to provide greater protections for whistleblowers. This will include requiring public companies, large proprietary companies, and corporate trustees of APRA-regulated superannuation entities to have a whistleblower policy from 1 January 2020. [citation ...
Thompson worked for Lloyds Bank from 1981 to 1985, N M Rothschild & Sons from 1985 to 1994, and S. G. Warburg & Co. from 1994 to 1995. [1] He joined Minorco, a mining company, in 1995, first as its head of finance until 1997, and as the head of its Brazilian subsidiary until 1999, [2] when it merged with Anglo American plc. [1]
At an Oregon animal shelter, a feline’s small, unassuming gesture captured the heart of Chuck Hawley, who was still mourning the loss of his beloved pet, Sticky the Kitty. Captured on video ...
Rio Tinto entered into a binding agreement with a consortium comprising private equity manager EMR Capital (EMR) and PT Adaro Energy Tbk (Adaro), an Indonesian listed coal company, for the sale of its entire 80 per cent interest in the Kestrel underground coal mine for $2.25 billion.