THE DISTILLERY: Riling Rio

One jotter hones in on tension between Rio Tinto and Ivanhoe, while another predicts a Chinese gold-buying spree.

The Easter break gave the commentariat a good chance to ruminate on a number of big picture topics, ranging from the health of Australia's economy and financial markets to China's seemingly insatiable appetite for local resources. But one long-running issue stands out this morning, and that's Rio Tinto's strained relationship with its newly-acquired Ivanhoe Mines – a partnership that was tested again recently, when a report surfaced about cost blowouts at the companies' shared Oyu Tolgoi mine. One jotter reckons there was more to the report than meets the eye. Meanwhile, ink was also spilled over BHP Billiton's union troubles at its Bowen Basin coal mines, and the one-year anniversary of Singapore Exchange's failed takeover of the Australian Stock Exchange. Plus, we learn of the real lesson that should be learned from infighting at the Health Services Union.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles