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85-706: Tata Steel owned a stake of approximately 24% in Riversdale; Passport Capital and Brazilian steelmaker CSN also have a stake. In April 2010, Rio Tinto Group gained a majority stake. In June 2010, Riversdale Mining signed an agreement with Wuhan Iron and Steel to jointly develop Riversdale's Zambeze coal reserves in Mozambique , one of the world's largest undeveloped coking coal areas; Wuhan will also buy coal from Riversdale's nearby Benga mines. The Benga mines are expected to produce 20 million tonnes per year. These mines are near Moatize in Mozambique . Riversdale also has

170-403: A "horse taming god" or "lord of the horses" ( despotes hippon ). The female goddess Ataegina is also widely attested in the inscriptions. Iberians performed their rites in the open and also maintained sanctuaries in holy places like groves, springs and caves. Archaeological evidence suggests the existence of a priestly class and Silius Italicus mentions priests in the region of Tartessos at

255-579: A "senate" by the ancient sources, met in a council of nobles. Kings or chieftains would maintain their forces through a system of obligation or vassalage that the Romans termed "fides". The Iberians adopted wine and olives from the Greeks. Horse breeding was particularly important to the Iberians and their nobility. Mining was also very important for their economy, especially the silver mines near Gader and Cartago Nova,

340-552: A bid of £ 3.68 million ( ESP 92.8 million). The bid also specified that Spain would permanently relinquish any right to claim royalties on the mine's production. Following purchase of the mine, the syndicate launched the Rio Tinto Company, registering it on 29 March 1873. At the end of the 1880s, control of the firm passed to the Rothschild family , who increased the scale of its mining operations. Following their purchase of

425-614: A key factor in recommending the transaction to its shareholders. In March 2010, it was announced that Chinalco would invest $ 1.3 billion for a 44.65% stake in Rio Tinto's iron ore project in Simandou , Guinea. Rio Tinto retained 50.35% ownership at Simandou. In November 2011, Rio joined with Chinalco to explore for copper resources in China's complex landscape, by setting up a new company, CRTX, 51% owned by Chinalco and 49% by Rio Tinto. Under

510-592: A major producer of borax , bought in 1968, Kennecott Utah Copper and BP 's coal assets which were bought from BP in 1989, and a 70.7% interest in the New South Wales operations of Coal & Allied , also in 1989. In 1993, the company acquired Nerco and the United States coal mining businesses of Cordero Mining Company . In 2000, Rio Tinto acquired North Limited , an Australian company with iron ore and uranium mines, for $ 2.8 billion. The takeover

595-556: A memorandum of understanding to develop Rio Tinto's iron ore project in the Simandou mine in Simandou , Guinea . On 29 July 2010, Rio Tinto and Chinalco signed a binding agreement to establish this joint venture covering the development and operation of the Simandou mine. Under the terms of the agreement, the joint venture maintains Rio Tinto's 95% interest in the Simandou project as follows: By providing US$ 1.35 billion on an earn-in basis through sole funding of ongoing development over

680-456: A price later determined to be well below actual value. The purchasers of the mine were led by Hugh Matheson 's Matheson & Company , which ultimately formed a syndicate consisting of Deutsche Bank (56% ownership), Matheson (24%) and the civil engineering firm Clark, Punchard and Company (20%). At an auction held by the Spanish government to sell the mine on 14 February 1873, the group won with

765-407: A temple of Melqart . Evidence from pottery reveals some information about Iberian myth and ritual. Common themes are a celebratory ritual dance described by Strabo [c.f. 3.3.7.] and seen in a relief from Fuerte del Rey known as the "Bastetania dance" and the confrontation between the deceased and a wolf figure. Ritual sacrifice of animals was also common. In Iberian eschatology , "death was seen as

850-550: A two-to-three-year period, Chalco, a subsidiary of Chinalco, would acquire a 47% interest in the joint venture. Once the full sum was paid, Rio Tinto would be left with a 50.35% interest in the project and Chalco would have 44.65%. The remaining 5% would be owned by the International Finance Corporation (IFC), the financing arm of the World Bank . On 22 April 2011 Rio Tinto, its subsidiary Simfer S.A. (Simfer), and

935-711: Is a dual-listed company traded on both the London Stock Exchange , where it is a component of the FTSE 100 Index , and the Australian Securities Exchange , where it is a component of the S&;P/ASX 200 index. American depositary shares of Rio Tinto's British branch are also traded on the New York Stock Exchange , giving it listings on three major stock exchanges. In the 2020 Forbes Global 2000 , it

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1020-399: Is evident in their sculptures. The man-bull Bicha of Balazote (possibly a fertility deity) and various depictions of sphinxes and lions bear a resemblance to eastern Mediterranean mythological creatures. The Lady of Elche and Lady of Guardamar show clear Hellenistic influence. Phoenician and Greek deities like Tanit , Baal , Melkart , Artemis , Demeter and Asclepius were known in

1105-471: Is mainly concentrated in Australia and Canada, and owns its mining operations through a complex web of wholly and partly owned subsidiaries. Rio Tinto is primarily organised into four operational businesses, divided by product type: These operating groups are supported by separate divisions providing exploration and function support. Rio Tinto is structured as a dual-listed company , with listings on both

1190-460: Is wholly owned. Operations typically include mining of ore through to production of 99.99% purified copper, including extraction of economically valuable by-products . Together, Rio Tinto's share of copper production at its mines totalled nearly 700,000 tonnes , making the company the fourth-largest copper producer in the world. Iberians The Iberians ( Latin : Hibērī , from Greek : Ἴβηρες , Iberes ) were an ancient people settled in

1275-480: The Australian Competition & Consumer Commission . The largest barrier to completing the investment may come from Rio Tinto's shareholders; support for the deal by shareholders was never overwhelming and has reportedly declined in 2009, as other financing options (such as a more traditional bond issuance) are beginning to appear more realistic as a viable alternative funding source. A shareholder vote on

1360-657: The Bougainville separatist crisis . There have also been corruption concerns: In July 2017 the UK's Serious Fraud Office announced an investigation of the company's business practices in Guinea . Since antiquity, a site along the Rio Tinto in Huelva , Spain, has been mined for copper, silver, gold and other minerals. Around 3000 BC, Iberians and Tartessians began mining the site, followed by

1445-630: The FTSE 100 Index of the London Stock Exchange, and the S&P/ASX 200 index of the Australian Securities Exchange. LSE-listed shares in Rio Tinto plc can also be traded indirectly on the New York Stock Exchange via an American Depositary Receipt . As of 4 March 2009, Rio Tinto was the fourth-largest publicly listed mining company in the world, with a market capitalisation around $ 134 billion. As of mid-February 2009, shareholders were geographically distributed 42% in

1530-720: The Greeks . This pre-Indo-European cultural group spoke the Iberian language from the 7th to at least the 1st century BCE. The rest of the peninsula, in the northern, central, and northwestern areas, was inhabited by Vascones , Celts or Celtiberians groups and the possibly Pre-Celtic or Proto-Celtic Indo-European Lusitanians , Vettones , and Turdetani . Starting in the 5th century BCE, Iberian soldiers were frequently deployed in battles in Italy, Greece and especially Sicily due to their military qualities. The Iberian culture developed from

1615-812: The Iberian Peninsula , that corresponds to the northwestern shores of the Mediterranean Sea (see the map), roughly in today's Catalonia , Eastern, Northeastern and Northern Aragon , Valencian Community , Murcia Region , Eastern Andalucia , and the Balearic Islands (in Spain ), and also in today's Roussillon and parts of Languedoc (in France ). The peninsula has this name because ancient Greeks , Romans and other mediterranean peoples first contacted with peoples (tribes or tribal confederacies) that were Iberians in

1700-452: The London Stock Exchange (symbol: RIO), under the name "Rio Tinto Plc", and the Australian Securities Exchange (symbol: RIO) in Sydney, under the name "Rio Tinto Limited". The dual-listed company structure grants shareholders of the two companies the same proportional economic interests and ownership rights in the consolidated Rio Tinto, in such a way as to be equivalent to all shareholders of

1785-452: The Phoenicians , Greeks , Romans , Visigoths and Moors . After a period of abandonment, the mines were rediscovered in 1556 and the Spanish government began operating them once again in 1724. However, Spain's mining operations there were inefficient, and the government itself was otherwise distracted by political and financial crises, leading the government to sell the mines in 1873 at

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1870-611: The Pilbara , Western Australia. The Pilbara iron ore operations include 16 iron ore mines, four independent port terminals, a 1,700-kilometre rail network and related infrastructure. The corporation also has had a majority stake in Iron Ore Company of Canada since its 2000 hostile takeover of North Limited. Copper was one of Rio Tinto's main products from its earliest days operating at the Rio Tinto complex of mines in Spain. Since that time,

1955-690: The Punic wars was made up of Iberians and Celtiberians . Iberian warfare was endemic and based on intertribal raiding and pillaging. In set piece battle, Iberians were known to regularly charge and retreat, throwing javelins and shouting at their opponents without actually committing to full contact combat. This sort of fighting was termed concursare by the Romans. The Iberians were particularly fond of ambushes and guerrilla tactics . Ancient sources mention two major types of Iberian infantry, scutati and caetrati . Scutati were heavily armored and carried large Italic style scutum shields . The caetrati carried

2040-464: The Spanish Civil War , World War II and Franco's nationalistic policies . In the 1950s, the political situation made it increasingly difficult for mostly British and French owners to extract profits from Spanish operations, and the company decided to dispose of the mines from which it took its name. Thus, in 1954, Rio Tinto Company sold two-thirds of its stake in the Rio Tinto mines, disposing of

2125-511: The occlusives and signs with monophonemic value for the rest of the consonants and vowels . As writing systems , they are neither alphabets nor syllabaries , but mixed scripts that normally are identified as semi-syllabaries . There is no agreement between researchers concerning the origin of the Iberian writing systems: for some they are only linked to the Phoenician alphabet while for others

2210-483: The oppidum or fortified Iberian town became the centre of reference in the landscape and the political space." The settlement of Castellet de Banyoles in Tivissa was one of the most important ancient Iberian settlements in the north eastern part of the Iberian peninsula that was discovered in 1912. Also, the 'Treasure of Tivissa', a unique collection of silver Iberian votive offerings was found here in 1927. Lucentum

2295-418: The uranium market ; to do so, the cartel engaged in bid rigging , price fixing , and market sharing . Westinghouse filed an antitrust lawsuit against cartel members in 1976 and the cartel disbanded. Like many major mining companies, Rio Tinto has historically grown through a series of mergers and acquisitions. The company's first major acquisition occurred in 1929, when the company issued stock for

2380-486: The $ 16 billion Canadian group's " poison pill " defence was not valid. Ivanhoe had developed Oyu Tolgoi in Mongolia, one of the world's largest-known copper deposits. On 28 January 2012, Rio Tinto gained control of Ivanhoe Mines and removed the management. In October 2013, Rio Tinto agreed to sell its majority stake in Australia's third-largest coal mine to Glencore and Sumitomo for a little over US$ 1 billion, as part of

2465-492: The 6th century BCE, and perhaps as early as the fifth to the third millennium BCE in the eastern and southern coasts of the Iberian peninsula. The Iberians lived in villages and oppida (fortified settlements) and their communities were based on a tribal organization. The Iberians in the Spanish Levant were more urbanized than their neighbors in the central and northwestern regions of the Iberian peninsula . The peoples in

2550-628: The Australian coal businesses of the Peabody Energy . On 14 November 2007, Rio Tinto completed its largest acquisition to date, purchasing Canadian aluminium company Alcan for $ 38.1 billion, as of 2014 , "the largest mining deal ever completed". Alcan's chief executive, Jacynthe Côté, led the new division, renamed Rio Tinto Alcan with its headquarters situated in Montreal . Activity in 2008 and 2009

2635-460: The Australian firm Consolidated Zinc to form the Rio Tinto – Zinc Corporation (RTZ) and its main subsidiary, Conzinc Riotinto of Australia (CRA). The merger provided Rio Tinto the ability to exploit its new-found opportunities, and gave Consolidated Zinc a much larger asset base. RTZ and CRA were separately managed and operated, with CRA focusing on opportunities within Australasia and RTZ taking

Riversdale Mining - Misplaced Pages Continue

2720-600: The Guinean Government signed a settlement agreement that secured Rio Tinto's mining rights in Guinea to the southern concession of Simandou, known as blocks 3 and 4. According to the agreement, Simfer would pay US$ 700 million and receive mining concession and government approval of the proposed Chalco and Rio Tinto Simandou joint venture. In April 2011, Rio Tinto gained a majority stake in Riversdale Mining . In 2011,

2805-589: The H. Citerior province. After securing these regions, Rome invaded and conquered Lusitania and Celtiberia . The Romans fought a long and drawn out campaign for the conquest of Lusitania. Wars and campaigns in the northern regions of the Iberian peninsula would continue until 16 BCE, when the final rebellions of the Cantabrian Wars were defeated. Iberian society was divided into different classes, including kings or chieftains (Latin: "regulus"), nobles, priests, artisans and slaves. Iberian aristocracy, often called

2890-619: The Iberian Ilergetes tribe north of the Ebro who were allied with Carthage, conquered the Iberian oppidum of Tarraco and defeated the Carthaginian fleet. After the arrival of Publius Scipio, Tarraco was fortified and, by 211 BCE, the Scipio brothers had overrun the Carthaginian and allied forces south of the Ebro. However, during this campaign, Publius Scipio was killed in battle and Gnaeus died in

2975-615: The Iberians in the 6th century BCE. They defined Iberians as non-Celtic peoples south of the Ebro river (Iber). The Greeks also dubbed as "Iberians" another people in the Caucasus region, currently known as Caucasian Iberians . It is thought that there is no connection between the two peoples. The Iberians traded extensively with other Mediterranean cultures. Iberian pottery and metalwork has been found in France , Italy , and North Africa . The Iberians had extensive contact with Greek colonists in

3060-601: The Iberians sent emissaries to Alexander the Great in 324 BCE, along with other embassies of Carthaginians , Italics and Gauls , to request his friendship. After the First Punic war , the massive war debt suffered by Carthage led them to attempt to expand their control over the Iberian peninsula. Hamilcar Barca began this conquest from his base at Cádiz by conquering the Tartessian Guadalquivir river region, which

3145-783: The Iberians south of the Ebro. In his first campaign, Hannibal defeated the Olcades , the Vaccaei and the Carpetani expanding his control over the river Tagus region. Hannibal then laid siege to Roman ally of Saguntum and this led to the beginning of the Second Punic War . The Iberian theater was a key battleground during this war and many Iberian and Celtiberian warriors fought for both Rome and Carthage, though most tribes sided with Carthage. Rome sent Gnaeus and Publius Cornelius Scipio to conquer Iberia from Carthage. Gnaeus subsequently defeated

3230-535: The Levantine group displays the most Greek influence. Iberian pottery and painting was also distinct and widespread throughout the region. A distinct feature of the culture, the pottery was primarily decorated with geometric forms in red but in some areas (from Murcia to the south of Catalonia ) it also included figurative images. The Iberian polytheistic religion was influenced by the Greek and Phoenician practices, as it

3315-665: The Rio Tinto Mine, the new ownership constructed a number of new processing facilities, innovated new mining techniques, and expanded mining activities. From 1877 to 1891, the Rio Tinto Mine was the world's leading producer of copper. From 1870 through 1925, the company was inwardly focused on fully exploiting the Rio Tinto Mine, with little attention paid to expansion or exploration activities outside of Spain. The company enjoyed strong financial success until 1914, colluding with other pyrite producers to control market prices. However, World War I and its aftermath effectively eliminated

3400-585: The United Kingdom, 18% in North America, 16% in Australia, 14% in Asia and 10% in continental Europe. On 8 November 2007, rival mining company BHP Billiton announced it was seeking to purchase Rio Tinto in an all-share deal. This offer was rejected by the board of Rio Tinto as "significantly undervalu[ing]" the company. Another attempt by BHP Billiton for a hostile takeover , valuing Rio Tinto at $ 147 billion,

3485-432: The United States as a viable market for European pyrites , leading to a decline in the firm's prominence. The company's failure to diversify during this period led to the slow decline of the company among the ranks of international mining firms. However, this changed in 1925, when Sir Auckland Geddes succeeded Lord Alfred Milner as chairman. Geddes and the new management team he installed focused on diversification of

Riversdale Mining - Misplaced Pages Continue

3570-506: The Zululand anthracite mine in northern KwaZulu Natal in South Africa . Riversdale has been in takeover talks with Rio Tinto , valuing it at A$ 3.5 billion; the government of India has also considered bidding. Rio Tinto Group Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP ). It

3655-482: The arrested, Australian citizen Stern Hu , was "suspected of stealing Chinese state secrets for foreign countries and was detained on criminal charges", according to a spokesman for the Chinese foreign ministry. Stern Hu was also accused of bribery by Chinese steel mill executives for sensitive information during the iron ore contract negotiations. On 19 March 2010 Rio Tinto and its biggest shareholder, Chinalco , signed

3740-532: The caetra, a small Iberian buckler . Iberian armaments included the famed Gladius Hispaniensis , a curved sword called the falcata , straight swords, spears, javelins and an all iron spear called the Soliferrum . Iberian horsemen were a key element of Iberian forces as well as Carthaginian armies. Spain was rich with excellent wild horses and Iberian cavalry was some of the best in the ancient Mediterranean. Iberians dwelt along eastern and southern coastal regions of

3825-477: The central and northwest regions were mostly speakers of Celtic dialects, semi-pastoral and lived in scattered villages, though they also had a few fortified towns like Numantia . They had a knowledge of writing , metalworking , including bronze , and agricultural techniques. In the centuries preceding Carthaginian and Roman conquest, Iberian settlements grew in social complexity , exhibiting evidence of social stratification and urbanization . This process

3910-500: The colonies of Emporion , Rhode , and Hemeroskopeion . The Iberians may have adopted some of the Greeks ' artistic techniques. Statues such as the Lady of Baza and the Lady of Elx are thought to have been made by Iberians relatively well acquainted with Greek art . Thucydides stated that one of the three original tribes of Sicily , the Sicani , were of Iberian origin, though "Iberian" at

3995-519: The company has divested itself from its original Spanish mines, and grown its copper-mining capacity through acquisitions of major copper resources around the world. The copper group's main active mining interests are Oyu Tolgoi mine in Mongolia, Kennecott Utah Copper in the United States, and Minera Escondida in Chile. Most of these mines are joint ventures with other major mining companies, with Rio Tinto's ownership ranging from 30% to 80%; only Kennecott

4080-492: The company in represented by DPG Advisory Solutions. Rio Tinto's main business is the production of raw materials including copper, iron ore, bauxite, diamonds, uranium and industrial minerals including titanium dioxide, salt, gypsum and borates. Rio Tinto also performs processing on some of these materials, with plants dedicated to processing bauxite into alumina and aluminium, and smelting iron ore into iron. The company also produces other metals and minerals as by-products from

4165-558: The company rekindled its interest in potash when it entered a joint venture with Acron Group to develop the Albany potash development, in southern Saskatchewan , Canada. Following an exploration program, Acron in a June 2014 statement described Albany as "one of the best potash development opportunities in the world". On 13 December 2011, an independent arbitrator cleared the way for Rio Tinto, which had owned 49% of Ivanhoe Mines (now known as Turquoise Hill Resources ), to take it over: he said

4250-456: The company's dual-listed company structure, management powers of the Rio Tinto are consolidated in a single senior management group led by a board of directors and executive committee. The board of directors has both executive and non-executive members, while the executive committee is composed of the heads of major operational groups. Rio Tinto engages professional lobbyists to represent its interests in various jurisdictions. In South Australia,

4335-498: The company's investment strategy and the introduction of organisational and marketing reforms. Geddes led the company into a series of joint ventures with customers in the development of new technologies, as well as exploration and development of new mines outside of Spain. Between 1925 and 1931, Geddes recruited two directors: JN Buchanan (finance director) and RM Preston (commercial director), as well as other executives involved with technical and other matters. Perhaps most significant

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4420-791: The demolition and CEO Jean-Sébastien Jacques subsequently stepped down. Rio Tinto has been widely criticised by environmental groups as well as the government of Norway for the environmental impacts of its mining activities. Claims of severe environmental damage related to its engagement in the Grasberg mine in Indonesia led the Government Pension Fund of Norway to exclude it from its investment portfolio. Academic observers have also expressed concern regarding Rio Tinto's operations in Papua New Guinea, which they allege were one catalyst of

4505-459: The eastern and southern coasts of the Iberian Peninsula , at least from the 6th century BCE. They are described in Greek and Roman sources (among others, by Hecataeus of Miletus , Avienius , Herodotus and Strabo ). Roman sources also use the term Hispani to refer to the Iberians. The term Iberian , as used by the ancient authors, had two distinct meanings. One, more general, referred to all

4590-469: The entire south of the peninsula. After this victory, the Ilergetes and other Iberian tribes revolted and it was only after this revolt that the Romans conquered the rest of the Carthaginian territories in southern Spain. After the Carthaginian defeat, the Iberian territories were divided into two major provinces, Hispania Ulterior and Hispania Citerior . In 197 BCE, the Iberian tribes revolted once again in

4675-553: The ethnic and linguistic sense, although the majority of the Iberian Peninsula 's peoples, that dwelt in the Northern, Central and Western regions (the majority of the peninsula's area), were not Iberians themselves in the ethnic and linguistic sense (they could only be considered Iberians in the geographical sense, i.e. they dwelt in the Iberian Peninsula). The Iberian tribes or tribal confederacies were: The Iberian language, like

4760-491: The firm's plans to focus on larger operations. Less than a year later, Rio Tinto rejected two merger proposals from Glencore, proffered in July and August 2014; the merger of Glencore and Rio Tinto would have created the world's largest mining company. In May 2015, Rio Tinto announced plans to sell some of its aluminium assets as part of a possible $ 1 billion deal, two years after a similar but failed attempt. In September 2020, it

4845-491: The iron mines in the Ebro valley, as well as the exploitation of tin and copper deposits. They produced fine metalwork and high quality iron weapons such as the falcata . The Iberians produced sculpture in stone and bronze, most of which was much influenced by the Greeks and Phoenicians, and other cultures such as Assyrian, Hittite and Egyptian influences. The styles of Iberian sculpture are divided geographically into Levantine, Central, Southern, and Western groups, of which

4930-504: The origin of the Iberian language. According to the Catalan theory, the Iberian language originated in northern Catalonia , from where it expanded north and south. The Iberians use three different scripts to represent the Iberian language . Northeastern Iberian script and southeastern Iberian script share a common distinctive typological characteristic, also present in other paleohispanic scripts : they use signs with syllabic value for

5015-402: The populations of the Iberian peninsula without regard to ethnic differences ( Pre-Indo-European , Celts and non-Celtic Indo-Europeans ). The other, more restricted ethnic sense and the one dealt with in this article, refers to the people living in the eastern and southern coasts of the Iberian Peninsula , which by the 6th century BCE had absorbed cultural influences from the Phoenicians and

5100-546: The processing of its main resources, including gold, silver, molybdenum , sulphuric acid , nickel, potash , lead and zinc . Rio Tinto controls gross assets of $ 81 billion in value across the globe, with main concentrations in Australia (35%), Canada (34%), Europe (13%) and the United States (11%), and smaller holdings in South America (3%), Africa (3%) and Indonesia (1%). The Australian operations of Rio Tinto Iron Ore (RTIO) comprises an integrated iron ore operations in

5185-502: The proposed deal was expected in the third quarter of 2009. Rio Tinto is believed to have pursued this combined asset and convertible bond sale to raise cash to satisfy its debt obligations, which required payments of $ 9.0 billion in October 2009 and $ 10.5 billion by the end of 2010. The company has also noted China's increasing appetite for commodities, and the potential for increased opportunities to exploit these market trends, as

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5270-430: The purchase of ownership interests of Rio Tinto assets in its iron ore, copper and aluminium operations, plus $ 7.2 billion for convertible bonds . The transaction would bring Chinalco's ownership of the company to roughly 18.5%. The deal is still pending approval from regulators in the United States and China, and has not yet been approved by shareholders, although regulatory approval has been received from Germany and

5355-619: The purpose of raising 2.5 million pounds to invest in Northern Rhodesian copper mining companies, which was fully invested by the end of 1930. The Rio Tinto company consolidated its holdings of these various firms under the Rhokana Corporation by forcing the various companies to merge. Rio Tinto's investment in Rhodesian copper mines did much to support the company through troubled times at its Spanish Rio Tinto operations spanning

5440-493: The region and worshiped. Currently few native Iberian gods are known, though the oracular healing deity "Betatun" is known from a Latin inscription at Fuertes del Rey. There was clearly an important female deity associated with the earth and regeneration as depicted by the Lady of Baza and linked with birds, flowers and wheat. The horse was also an important religious figure and an important sanctuary dedicated to Horses has been found in Mula ( Murcia ). There are many depictions of

5525-483: The rest of the paleohispanic languages , became extinct by the 1st to 2nd centuries AD, after being gradually replaced by Latin . The Iberian language remains an unclassified non-Indo European language. A 1978 study claimed many similarities between Iberian and the Messapic language . Iberian languages also share some elements with the Basque language . Links have also been found with the Etruscan language and Minoan Linear A . There are different theories about

5610-411: The rest of the world. However, the companies continued to trade separately, and RTZ's ownership of CRA dipped below 50% by 1986. The two companies' strategic needs eventually led to conflicts of interest regarding new mining opportunities, and shareholders of both companies determined a merger was in their mutual best interest. In 1995, the companies merged into a dual listed company , in which management

5695-451: The rest over the following years. The sale of the mines financed extensive exploration activities over the following decade. The company's exploration activities presented the company with an abundance of opportunities, but it lacked sufficient capital and operating revenue to exploit those opportunities. This situation precipitated the next, and perhaps most significant, merger in the company's history. In 1962, Rio Tinto Company merged with

5780-500: The retreat. The tide turned with the arrival of Publius Cornelius Scipio Africanus in 210 BCE. Scipio attacked and conquered Carthago Nova and defeated the army of Hasdrubal Barca at the Battle of Baecula (209–208). The war dragged on with Carthage sending more reinforcements until the Battle of Ilipa (modern Alcalá del Río in Sevilla province ), which was a decisive victory for Publius Scipio Africanus. The Carthaginians retreated to Gades , and Publius Scipio gained control over

5865-515: The starting point for a journey symbolised by a crossing of the sea, the land or even the sky. Supernatural and mythical beings, such as the Sphinx or the wolf, and sometimes Divinity itself, accompanied and guided the deceased on this journey". The Iberians incinerated their dead and placed their ashes in ceremonial urns, the remains were then placed in stone tombs. Iberian soldiers were widely employed by Carthage and Rome as mercenaries and auxiliary troops. A large portion of Carthaginian forces during

5950-457: The time could have included what we think of as Gaul . The Iberians also had contacts with the Phoenicians , who had established various colonies in southern Andalucia . Their first colony on the Iberian Peninsula was founded in 1100 BCE and was originally called Gadir , later renamed by the Romans as Gades (modern Cádiz ). Other Phoenician colonies in southern Iberia included Malaka ( Málaga ), Sexi and Abdera . According to Arrian ,

6035-427: The two companies actually being shareholders in a single, unified entity. This structure was implemented to avoid adverse tax consequences and regulatory burdens. To eliminate currency exchange issues, the company's accounts are kept, and dividends paid, in United States dollars. Rio Tinto is one of the largest companies listed on either exchange. As such, it is included in the widely quoted indices for each market:

6120-426: Was able to divest two-thirds of its Spanish operations in 1954 and the remainder over the following years. The company was part of the uranium producers' cartel , Societe d'Etudes de Recherches d'Uranium, which operated from 1972 to 1976. The other cartel members were based in Australia, France, and South Africa. It was formed by the major non-United States uranium producers to mitigate the impacts of US policy on

6205-592: Was announced Rio Tinto had acquired a 15% stake in the Australian exploration and development company, Sovereign Metals for US $ 27.6 million. In October 2024, Rio Tinto signed an agreement to acquire U.S.-based Arcadium Lithium for $ 6.7 billion. The deal involved a cash offer of $ 5.85 per share, reflecting a nearly 90% premium over Arcadium's recent closing price. The acquisition, expected to close in mid-2025, would integrate Arcadium's lithium assets into Rio's operations, further enhancing its portfolio of critical minerals. The company has operations on six continents, but

6290-587: Was announced that the company's chief executive Jean-Sébastien Jacques , along with two executives, would resign because of Rio Tinto's destruction of two ancient rock shelters in the Pilbara region of Australia. The company's chief financial officer, Jakob Stausholm , became the new chief executive on 1 January 2021. In March 2022, Rio Tinto completed the acquisition of Rincon Mining's lithium project in Argentina for $ 825 million, following approval by Australia's Foreign Investment Review Board . In July 2023, it

6375-481: Was another ancient Iberian settlement, as well as Castelldefels Castle . Mausoleum of Pozo Moro near the town of Chinchilla de Monte-Aragón in Castile-La Mancha seems to mark the location of another big settlement. Sagunto is the location of an ancient Iberian and later Roman city of Saguntum, where a big fortress was built in the 5th century BCE. Greek colonists made the first historical reference to

6460-472: Was consolidated into a single entity and shareholder interests were aligned and equivalent, although maintained as shares in separately named entities. The merger also precipitated a name change; after two years as RTZ-CRA , RTZ became Rio Tinto plc and CRA became Rio Tinto Limited , referred to collectively as Rio Tinto . Major acquisitions following the Consolidated Zinc merger included US Borax ,

6545-726: Was focused on divestments of assets to raise cash and refocus on core business opportunities. The company sold three major assets in 2008, raising about $ 3 billion in cash. In the first quarter of 2009, Rio Tinto reached agreements to sell its interests in the Corumbá iron ore mine and the Jacobs Ranch coal mine, and completed sales of an aluminium smelter in China and the company's potash operations, for an additional estimated $ 2.5 billion. On 5 July 2009, four Rio Tinto employees were arrested in Shanghai for corruption and espionage. One of

6630-496: 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. Although primarily focused on extraction of minerals, it also has significant operations in refining, particularly the refining of bauxite and iron ore. It has joint head offices in London , England and Melbourne , Australia. Rio Tinto

6715-468: Was in talks to receive a substantial equity infusion from Chinalco , a major Chinese state-controlled mining enterprise, in exchange for ownership interest in certain assets and bonds. Chinalco was already a major shareholder, having bought up 9% of the company in a surprise move in early 2008; its ownership stake had risen to 9.8% by 2014, making it Rio Tinto's biggest investor. The proposed investment structure reportedly involves $ 12.3 billion for

6800-564: Was partially motivated as a response to North Limited's 1999 bid to have Rio Tinto's Pilbara railway network declared open access . The Australian Competition & Consumer Commission regulatory body approved the acquisition in August 2000, and the purchase was completed in October of the same year. That year, Rio Tinto also bought North Limited and Ashton Mining for US$ 4 billion, adding additional resources in aluminium, iron ore, diamonds and coal. In 2001, it bought (under Coal & Allied)

6885-425: Was probably aided by trading contacts with the Phoenicians , Greeks , and Carthaginians . By the late 5th and early 4th centuries BCE a series of important social changes led to the consolidation of an aristocracy and the emergence of a clientele system. "This new political system led, among other things, to cities and towns that centered around these leaders, also known as territorial nucleation . In this context,

6970-506: Was ranked the world's 114th-largest public company. In May 2020, to expand the Brockman 4 mine , Rio Tinto demolished a sacred cave in Juukan Gorge , Western Australia , which had evidence of 46,000 years of continual human occupation, and was considered the only inland site in Australia to show signs of continual human occupation through the last Ice Age . The company later apologised for

7055-571: Was rejected on the same grounds. Meanwhile, the Chinese government-owned resources group Chinalco and the US aluminium producer Alcoa purchased 12% of Rio Tinto's London-listed shares in a move that would block or severely complicate BHP Billiton's plans to buy the company. BHP Billiton's bid was withdrawn on 25 November 2008, with the BHP citing market instability from the global financial crisis of 2008–2009 . On 1 February 2009, Rio Tinto management announced it

7140-446: Was rich in silver. After Hamilcar's death, his son-in-law Hasdrubal the Fair continued his incursions into Iberia, founding the colony of Qart Hadasht (modern Cartagena ) and extending his influence all the way to the southern bank of the river Ebro . After Hasdrubal's assassination in 221 BCE, Hannibal assumed command of the Carthaginian forces and spent two years completing the conquest of

7225-533: Was the company's investment in copper mines in Northern Rhodesia , later Zambia , which it eventually consolidated into the Rhokana Corporation. These and later efforts at diversification eventually allowed the company to divest from the Rio Tinto mine in Spain. By the 1950s, Franco 's nationalistic government had made it increasingly difficult to exploit Spanish resources for the profit of foreigners. Rio Tinto Company, supported by its international investments,

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