Rio Tinto

“Rio Tinto owns 78% of Murowa, and Rio Zim, a Zimbabwean‑owned unit separated from Rio Tinto in 2004, owns the rest.”

“The company said yesterday it is concerned about the arrest on Sunday of the Shanghai-based staff.”

“Rio Tinto last month angered China by spurning a $19.5bn (£12.1bn) investment from Chinese state-owned metals group Chinalco in favour of a rights issue and iron-ore joint venture with BHP Billiton.”

“Rio Tinto is still in discussion with China’s steel mills, which want more than the 33 per cent cut agreed with other Asian steel groups.”

“Rio has not yet agreed iron ore contracts for 2009-10 and some Chinese media have accused the company of withholding iron ore from the spot market to drive up prices and undermine China’s bargaining …”

“Rio Tinto said it “intends to co-operate fully with any investigation the Chinese authorities may wish to undertake and has sought clarification on what has occurred”.”

“pre‑tax profits of US$7.86bn (£5.02bn) for 2009”

“Rio Tinto reported pre-tax profits of US$7.86bn (£5.02bn) for 2009”

“Rio Tinto is less than 30% Australian”