Rio Tinto history

Eventually, in 1876, a favorable price-fixing and market-sharing agreement was made with Tharsis, and the prospects for both companies began to improve.

Matheson remained chairman of the RTC for a quarter of a century until his death in 1898.

Utah Copper Company was incorporated on June 4, 1903.

Steam shovels began working on the mountain in 1906 and mining has continued for the next 100 years.

The real wages per head of the 15,000 workers employed by the RTC in Spain in 1913 were actually less than those paid to 10,000 workers employed 20 years earlier.

Further shares were purchased in major copperbelt development companies in the months following the N'Changa struggle, and by 1930 the RTC had become a major economic force in Northern Rhodesia.

Turner, the elder of the two and an investment banker by training, was appointed acting managing director of the company in 1948 on a part-time basis.

Duncan was appointed managing director of the RTC in January 1951, allowing Turner, who remained a leading member of the RTC board and Duncan's closest colleague, to devote more of his time to the banking business of Robert Benson, Lonsdale--later Kleinwort Benson.

After Primo de Rivera left office, however, there followed a long period of disruption and uncertainty that lasted until the mines were sold to Spanish interests in 1954.

The first tangible result of this activity came in 1955 with the purchase of a majority interest in the Algom group of uranium mines in the Elliot Lake district of Canada.

The company was founded on March 30, 1962 and is headquartered in London, the United Kingdom.“

He continued in office until his death in December 1980.

The biggest boost to the enterprise came in 1989 with the acquisition of BP Minerals for £2.6 billion.

When the London-based RTZ Corporation plc and its Australian subsidiary CRA Limited completed a dual-listed companies merger in December 1995, the largest mining company in the world was created, RTZ-CRA Group.

In March 1997, RTZ-CRA announced a management restructuring into six new global product businesses, with three to be based in London and three in Australia.

Despite a tumultuous couple of years, a growth in demand would lead Rio Tinto to declare first-half net earnings in 2000 at US$677 million, a 33 percent increase over the previous year.

Rio Tinto: Founded on Blood, Green Left.65 Asia-Pacific Human Rights Network, July 13, 2001.

Now it is known as Kennecott Eagle Minerals http://www.eagle-project.com/about.php37 2004, Rio Tinto.

Pro-, Anti-Mine Forces Focus on Flambeau, The Mining Journal; http://www.eagle-project.com/documents/CurrentNews/Mining%20Journal.pdf42 Ilmenite is used in the manufacture of titanium dioxide, a whitener used in a range of products.43 Friends of the Earth, October 2007.

Construction; Fears for Forest as Dam Construction Begins, Africa News; http://ipsnews.net/africa/nota.asp?idnews=4794652 Aluminum Association, February 13, 2009.

Opponents Ask Court to Overturn U.P. Mining Permit, Salon.com; http://www.salon.com/wires/allwires/2010/03/15/D9EFC65O0_mi_kennecott_mine/index.html32 Flesher, John, March 15, 2010.