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Rio blows it - The Age

Rio blows it
The Age, Australia - 2 hours ago
Rio's problem was it loaded up with debt at the top of the cycle, $US40 billion worth of borrowings to fund a knock-out bid for Alcan near the top of the ...
Rio in talks to refinance $23bn in short-term debt NEWS.com.au
Rio trying to refinance debt Sky News Australia
Rio Tinto Drops After ABN Amro Cuts Profit Estimate (Update3) Bloomberg
Times Online - Bloomberg
all 20 news articles
Rio Tinto expected to take huge writedown on Alcan assets, say ... - The Canadian Press

Rio Tinto expected to take huge writedown on Alcan assets, say ...
The Canadian Press, MONTREAL - Dec 2, 2008
MONTREAL — Mining analysts expect global mining giant Rio Tinto (LSE:RIO) will take a huge writedown on its Alcan assets acquired last year for US$38 ...
Alcoa Searches for Fresh Start in Troubled Market Wall Street Journal
Rio Tinto expected to take huge writedown on Alcan assets, say ... CanadianBusiness.com
Rio Tinto: Chinalco preparing to increase stake but not moving quickly Financial Times
Trading Markets (press release)
all 17 news articles
Rio Tinto faces a $10.8bn write-down over its Alcan acquisition - The Age

Rio Tinto faces a $10.8bn write-down over its Alcan acquisition
The Age, Australia - Dec 2, 2008
As Merrill Lynch analyst Vicky Binns noted, the forward price of aluminium was stronger now than when Rio announced its Alcan purchase. ...
Rio Tinto cancels workers' village agreement ABC Online
Rio shelves village plans Gladstone Observer
DJ Rio Tinto Says No Need To Issue Equity To Meet Debt Repayment Trading Markets (press release)
The Australian - Bloomberg
all 22 news articles
Collective Agreement in Alcan Packaging Istanbul - UNI Global Union

Collective Agreement in Alcan Packaging Istanbul
UNI Global Union, Switzerland - 21 hours ago
BASIN-IS and Alcan Packaging Istanbul (Rotopak) finally agreed on the signature of the Second Collective Agreement. The Union was created three years ago, ...
Ilene Gordon wins Best Executive in 2008 Stevie Awards for Women ... - MarketWatch

Ilene Gordon wins Best Executive in 2008 Stevie Awards for Women ...
MarketWatch - Dec 1, 2008
"I am grateful to accept this award on behalf of myself and the employees of Alcan Packaging," she said. "I share this award with our hardworking employees ...
Rio Tinto could take massive Alcan writedown - National Post

Rio Tinto could take massive Alcan writedown
National Post, Canada - Dec 1, 2008
Rio Tinto Ltd. could post a big writedown on its Alcan assets of US$5-billion to US$7-billion, according to UBS Securities analyst Glyn Lawcock. ...
Ivanhoe cuts jobs at project in Mongolia - Globe and Mail

Ivanhoe cuts jobs at project in Mongolia
Globe and Mail, Canada - 17 hours ago
London-based Rio Tinto is straining under $40-billion in debt it took on last year to acquire Canadian aluminum giant Alcan Inc. Analysts and investors have ...


Rio Tinto could take massive Alcan writedown - FP Trading Desk
Follow the markets in real time with FP Trading Desk, your up-to-the-minute look at Bay Street and beyond from Financial Post.
JEC Composites - Alcan Baltek receives official recognitions in ...
JEC Composites is an international web platform for the composites industry - JEC composites exhibitions in Europe and Asia, forums, magazine. On October 7, Alcan Baltek Ecuador, part of Alcan Engineered Products – a business unit of ...
McGill Reporter » Blog Archive » Rio Tinto Alcan gift establishes ...
As the second year of Campaign McGill begins, a $3-million gift from international aluminium leader Rio Tinto Alcan’s charitable fund will allow the Faculty of Law to establish the L. Yves Fortier Chair in International Arbitration and ...
Design Build Network - Alcan Composites Unifies the Aesthetic ...
Alcan Composites Unifies the Aesthetic Beauty of Wood with the Strength of ALUCOBOND®. Email Article. Print. 21 November 2008. Now more then ever, creative and artistic visions of successful architects and designers require innovative ...
Rio Tinto Alcan ready to engage with ANC to seek Coega smelter ...
World number-one aluminium producer Rio Tinto Alcan said on Monday that the task team looking into the timing of its planned aluminium smelter at Coega was making good progress, and that the firm still viewed South Africa as a "good ...
Letter: Robards on Alcan : Opinion : Evansville Courier Press
I would be remiss in the thought that Big Rivers, E.On and Alcan are right and Henderson Municipal Power and Light is wrong; there are always two sides to every story. But what I do believe is wrong is HMP&L's response, which is that ...
News: Rio Tinto Alcan invests in the future of international ...
million gift to create new Faculty of Law chair named in honour of L. Yves Fortier.


BHP blames Alcan debt, cancels Rio takeover (The Globe and Mail)
In the strongest sign yet of collapse in the once-mighty mining sector, BHP Billiton Ltd. has abandoned its blockbuster takeover offer for Rio Tinto PLC , blaming mounting concerns about the $40-billion (U.S.) debt load Rio took on to buy Canada's aluminum giant, Alcan.
Canada ranks 25th for foreign investors (The Globe and Mail)
Forget all the angst and outcry about “hollowing out” that accompanied the most recent round of foreign takeovers of Canadian corporate icons, such as Inco Ltd., Falconbridge Ltd. and Alcan Inc.
Alcoa not seeking to raise Rio Tinto stake: exec (Reuters via Yahoo! News)
U.S. aluminum giant Alcoa Inc is not actively seeking to raise its stake in miner Rio Tinto Ltd despite plans by its ally, Chinalco, to up its Rio holding.
BHP blames Alcan debt, cancels Rio takeover (The Globe and Mail)
Move by miner ends year-long battle; credit crisis made deal tough to swallow
Rio's dividend is just one awkward question for Skinner and Co (Daily Telegraph)
Too many easy questions are being asked of BHP and not enough difficult ones being asked of Rio writes Damian Reece.
(AFX UK Focus) 2008-11-27 02:26 FACTBOX-Assets Rio may look to sell to pay down debt (Interactive Investor)
Nov 27 (Reuters) - Rio Tinto may need to expand its planned asset sales as it looks to pay down some of its near-$40 billion debt after BHP Billiton scrapped a $66 billion takeover offer. Rio had pledged to sell $15 billion in assets to reduce the huge debt it took on to buy Canadian aluminium producer Alcan last year, with the first $10 billion of disposals due this year. (For related story, ...
Reality bites the world (Sydney Morning Herald)
After a year of wrangling, the global financial crisis and European regulators combined this week to scupper the world's biggest resources merger - and everyone seems relieved, writes Jamie Freed.


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