Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.
Despite concerns that China may be slowing—or worse—aluminum giant Alcoa still sees robust demand in China for its products and pegs growth at 11% this year.
Locked out workers at a Rio Tinto Alcan plant in Quebec, Canada, voted to end a six-month labour dispute that has dragged on since Dec. 30, said the United Steelworkers union in a press release on Friday.
In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan Cable to American company General Cable (NYSE: BGC) for $185 million.
A protest against London 2012 sponsor Rio Tinto (LON & NTSE:RIO), which has supplied the metal to make the Olympic and Paralympic medals, welcomed the company’s shareholders this morning in Brisbane, Australia, where the annual meeting of the company’s board was taking place.
BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with another struggling division: aluminum.
