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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.
Rio Tinto Company Limited's board of directors met for the first time in London on March 31, 1873, under the chairmanship of Hugh Matheson. One of its first decisions was the construction of a railway line, under the advice of the engineer George Barclay Bruce . [ 11 ]
On 8 November 2007, BHP Billiton announced it was seeking to purchase rival mining group Rio Tinto Group in an all-share deal. [49] The initial offer of 3.4 shares of BHP Billiton stock for each share of Rio Tinto was rejected by the board of Rio Tinto for "significantly undervaluing" the company. [47]
It might be of some concern to shareholders to see the Rio Tinto Group (LON:RIO) share price down 17% in the last...
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The Mount Tom Price mine is an iron ore mine located in the Pilbara region of Western Australia, near the town of Tom Price. [1]The mine is fully owned and operated by Rio Tinto Iron Ore and is one of twelve iron ore mines the company operates in the Pilbara.
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