Rio's tough plan pays off

Article Abstract:

Australian mining company Rio Tinto Ltd. has survived low mining industry commodity prices, battles with unions, and the failure to merge iron ore operations with Broken Hill Proprietary Company Ltd. because of tough management strategies of cost cutting and no-hedging. Even with poor commodity prices, Rio was able to restrict a fall in half-year 1999 profits by only 8%. Rio Tinto reached a record high share price of $28.85 in 1999. Many analysts believe Rio's merger talks with BHP will re-open in the future.

Australia, Mining & Extractive Industries, Mining, Statistical Data Included, BHP Billiton Ltd.

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Rio riding high

Article Abstract:

Issues concerning the market performance of the Rio Tinto company are discussed. Particular attention is given to the copmany's strategic investments and the way they paid off in increased productivity during the economic slow-down of 2001.

Market share

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The new WMC - a miner heads back to the surface

Article Abstract:

Western Mining corp has seen a significant rise in its share price and profitability. It is likely that profits will remain reasonable in the longer term, even though they will vary according to metal prices.

Western Mining Corp. (Sydney, Australia)

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