Japanese brewer Suntory makes binding offer for European fruit-flavored drink maker OranginaSeptember 22nd, 2009 Japan's Suntory makes binding offer for OranginaTOKYO — Japan's Suntory Holdings has made a binding offer to buy European drink maker Orangina from private equity firms Blackstone and Lion Capital, the equity firms said Wednesday. Blackstone Group of the U.S.
London-based Rio Tinto sells Alcan Composites to Swiss Schweiter Technologies for $349 millionSeptember 22nd, 2009 Rio Tinto sells building materials unit for $349MMELBOURNE, Australia — Anglo-Australian mining giant Rio Tinto has advanced its debt reduction plans by selling building materials manufacturer Alcan Composites to Swiss machinery producer Schweiter Technologies for $349 million, the two companies said Tuesday. The sale of Alcan Composites, which is based in Sins, Switzerland, will be completed by the end of the year, the companies said in statements.
Packaging makers decline with market as Moody's forecasts weak demand, slow market recoveryAugust 14th, 2009 Sector Snap: Packaging makers slipNEW YORK — Shares of packaging makers fell Friday along with the broader market, as a ratings agency put a noninvestment-grade rating on the debt Graphic Packaging Holding Co. and forecast weak demand for the sector.
Packaging company Ball Corp. announces public offering of $650M in senior notesAugust 10th, 2009 Ball Corp. to issue $650 million in senior notesBROOMFIELD, Colo. —Plastic and metal packaging company Ball Corp.
Rio Tinto shares plunge more than 3 percent after China claims a 6-year spying campaignAugust 10th, 2009 Rio Tinto prices plunge on China spy claimsSYDNEY —Rio Tinto Ltd.'s share price plunged more than 3 percent Monday after China accused the Anglo-Australian miner of conducting a six-year spying campaign that it claimed cost Chinese steelmakers billions of dollars in inflated prices for iron ore. Rio Tinto declined to respond to the latest allegations but said in July that bribery allegations against four Rio Tinto employees detained in China were baseless.
Four mining firm employees detained in China for spyingJuly 9th, 2009 SHANGHAI - Four employees of the international mining group Rio Tinto Ltd. have been detained on charges of stealing China's state secrets, authorities said Thursday.
Rio Tinto says 4 employees detained in China; Australia seeks access to Australian citizenJuly 8th, 2009 4 Rio Tinto workers detained in ChinaBEIJING — Four employees of Anglo-Australian miner Rio Tinto Ltd., including an Australian man, have been detained in Shanghai for undisclosed reasons, the company and government officials said Wednesday. Rio Tinto has been unable to contact the employees, said Ian Head, a company spokesman in Sydney.
Miner Rio Tinto sells Alcan food packaging division for $1.2 billion to reduce debtJuly 6th, 2009 Rio Tinto offloads Alcan division for $1.2 billionSYDNEY — Rio Tinto has sold a division of its Alcan unit for $1.2 billion as it continues to reduce debt, the Anglo-Australian miner said in a statement Monday. The deal to sell its Alcan Packaging Food Americas division to U.S.-based Bemis Company Inc.
Bemis paying $1.2 billion for Alcan Packaging assets, will more than double its debtJuly 6th, 2009 Bemis paying $1.2B for Alcan Packaging assetsNEW YORK — Bemis Co., whose clear plastic packages hold everything from batteries to burgers, said late Sunday it is paying $1.2 billion for the global packaging business of Rio Tinto PLC. Buying the assets, known collectively as Alcan Packaging Food Americas, gives Bemis 23 facilities in the U.S., Canada, Mexico, Brazil, Argentina and New Zealand, that make flexible plastic containers for cheeses and steaks as well as clear, hard-to-penetrate packages for batteries and toys.
Chinalco maintains 9.3 percent stake in Rio Tinto through $15.2 billion rights issueJuly 2nd, 2009 Chinalco maintains 9.3 percent stake in Rio TintoMELBOURNE, Australia — State-controlled Aluminum Corp. of China said Thursday it took up its full entitlement in Rio Tinto's $15.2 billion share issue to maintain a 9.3 percent stake in the Anglo-Australian miner.
AB InBev sells Ball Corp. 4 US drinks can plants for $577 millionJuly 1st, 2009 AB InBev sells drinks can plants for $577 mlnBRUSSELS — Anheuser-Busch InBev said Wednesday it will sell four U.S. packaging plants to Ball Corp.
Graphic Packaging International nets $238.4 million in private senior notes offeringJune 16th, 2009 Graphic Packaging nets $238.4M in debt saleMARIETTA, Ga. — Consumer products packaging maker Graphic Packaging International Inc.
EU steel makers call for antitrust probe into BHP Billiton-Rio Tinto joint iron mining projectJune 9th, 2009 EU steel makers seek probe into BHP-Rio dealBRUSSELS — European steel makers called Tuesday for European Union antitrust regulators to probe a joint mining project between the world's No. 2 and No. 3 iron ore miners BHP Billiton Ltd and Rio Tinto PLC.
Miner Rio Tinto ends $19.5 billion deal with Chinese firm ChinalcoJune 5th, 2009 Rio Tinto scraps deal with Chinese firm ChinalcoSYDNEY — Anglo-Australian miner Rio Tinto PLC on Friday ended its $19.5 billion deal with Chinese company Chinalco, instead saying it plans to raise $15.2 billion in a share sale. Rio Tinto Chairman Jan du Plessis said in a letter to shareholders the planned deal with Chinalco was now dead and his company would pay it a $195 million break fee.
Rio Tinto to mine diamonds in Madhya PradeshDecember 30th, 2008 BHOPAL - Rio Tinto India will soon set up a project for production of diamonds in Madhya Pradesh, the state government has said. 'The company has detected a diamond deposit in Chhatarpur district and will soon set up a diamond project for commercial production of diamonds,' Minister of State for Mineral Resources Rajendra Shukla told IANS.
Loading ...