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News.com.au (Free subscription) | 07/21/2008
... in long-life strategic assets which are important for the long-term growth of AWAC." boss Tom Albanese highlighted similar problems last week, saying Rio was fighting input cost rises for caustic soda, sulphuric acid, explosives and fuel. AIM Resources last week suspended development work at its Perkoa zinc project in Burkina Faso in west Africa, because low zinc prices were unlikely to...
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Business Wire (Free subscription) | 07/16/2008
LONDON--(BUSINESS WIRE)--Commenting on the second quarter’s production results, chief executive Tom Albanese said: “These
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The Telegraph (Free subscription) | 07/11/2008
... year. As part of its defence against a hostile takeover offer by BHP Billion, Rio chief executive Tom Albanese has pledged to sell $10bn of assets this year and at least $15bn in total.
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BBC News (Free subscription) | 07/16/2008
The chief executive of Rio Tinto, Tom Albanese, says that the cost of production at the firm's Australian mines means that it is not profiting as much as they could be from the runaway demand for metals.
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Business Spectator (Free subscription) | 07/16/2008
... per cent, the company said. Commenting on the second quarter’s production results, chief executive Tom Albanese said: "These strong results show that we are continuing to expand to meet rapid demand growth in the developing world. We have set quarterly production records for iron ore, mined copper and alumina, thanks to increasing investment in growth projects and a management commitment...
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Business Spectator (Free subscription) | 07/15/2008
The last quarterly production figures sparked a war-of-words between the Mr Kloppers, and Rio Tinto chief executive Tom Albanese about which company had delivered superior results, which BHP Billiton seemingly won on their iron ore figures.
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The Australian (Free subscription) | 07/15/2008
... for $US38.7 billion ($39.57 billion) last year. Rio Tinto (ASX: RIO: quote) chief executive Tom Albanese said the company set quarterly production records for iron ore, mined copper and alumina due to the increasing investment in growth projects and a commitment to a quicker delivery of tonnage. “These strong results show that we are continuing to expand to meet rapid demand growth in the...
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The Daily Reckoning Australia (Free subscription) | 07/01/2008
... billion in the last twelve months. Rio went from $98 billion to $135 billion. You reckon Rio's CEO Tom Albanese will not be happy to hear that BHP still means more to Australia-at least the performance of its share market index-than Rio. Yet Rio is not unattractive. The Financial Times reported yesterday that ArcelorMittal (AMS: MT )-the world's largest steel company-may be interested in...
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Wall Street Pit (Free subscription) | 06/30/2008
... “Access to secure and cheap power is now more important than ever for aluminium producers,” said Tom Albanese, the chief executive of Rio Tinto.
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The Australian (Free subscription) | 06/30/2008
... takeover bid from BHP, was aggressive in holding out for a freight premium and chief executive Tom Albanese recently warned if prices were not settled before June 30, some contracts could be suspended and the ore sold on to spot markets at a big premium . BHP has stepped back from taking a lead in negotiations, with industry insiders suggesting it was keen not to stoke buyer concerns about...
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The Australian (Free subscription) | 06/23/2008
Rio, which is defending a $US160 billion takeover bid from BHP, was aggressive in holding out for a freight premium, with chief executive Tom Albanese recently warning there was an "urgent" need to settle before June 30, when some contracts could be suspended and the ore sold on to spot markets at a big premium.
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All Africa (Free subscription) | 06/18/2008
Among the CEOs of the top 10 miners, four had a mining background, two were from banking and two from accounting. Examples of recently appointed, younger CEOs globally were Marius Kloppers of BHP Billiton, 46, Tom Albanese of Rio Tinto, 50, and Denis Morozov of Norilsk Nickel, 35.
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The Australian (Free subscription) | 06/18/2008
... "Twiggy" Forrest, promises another drawn-out battle. Compared to his counterpart at Rio Tinto, Tom Albanese, McMahon is a speck on the world stage. The Perth resident's annual salary of $400,000 is barely a 30th of Albanese's $13.5 million; his stake in his company is worth a fifth the British-based Rio Tinto boss's $10 million holding. But there is little doubt that Cazaly is more...
