57 articles
Rio Tinto resumed underground operations at its Oyu Tolgoi copper mine in Mongolia following safety reviews after a seismic event caused three injuries but no structural damage. Border crossing delays
Copper prices declined on the London Metal Exchange amid tech sell-offs and rising oil prices, while a Rio Tinto mine incident added to supply concerns. Industrial metals faced mixed performance as gl
Asian stocks declined after a US tech selloff, while Rio Tinto suspended a copper mine and Eli Lilly raised its drug sales forecast. Oil prices wavered on geopolitical signals as investors rotated int
Rio Tinto suspended underground operations at its Oyu Tolgoi copper mine in Mongolia after a seismic event injured 15 workers. As a major supplier of semi-processed ores to Chinese smelters, the disru
Rio Tinto inaugurated two new lithium plants in Argentina utilizing Direct Lithium Extraction technology, adding 25,000 metric tons of annual capacity. The company targets 200,000 tons annually by 202
Rio Tinto is consulting investors on a remuneration proposal that could raise CEO Simon Trott's variable pay by 56% during a three-year review. The move aligns with rising executive compensation trend
Rio Tinto's board proposed a 56% pay increase for CEO Simon Trott to £9.8 million to secure leadership amid mining sector talent competition. Although investors question the optics, the change aims to
Rio Tinto will invest $1.9 billion in Queensland's Kangwinan bauxite project to replace output from its ageing Andoom mine. This expansion increases Weipa's annual production capacity to 44 million to
BHP and Rio Tinto are investing in biotech startups to optimize copper extraction and mineral exploration. This move targets increased production efficiency to support the growing battery and clean te
Commodity Pricing and Analysis Ltd published premiums for sustainable copper and aluminium, while major producers like Alcoa and Rio Tinto showcased low-CO2 products utilizing renewable energy and rec
Rio Tinto reported a 2% rise in third-quarter iron ore sales to 85.7 million metric tons, exceeding consensus estimates. The company maintained its 2026 Pilbara iron ore sales forecast while copper ou
Australia's mining sector is pivoting from iron ore to copper driven by AI and electrification demand, with major miners like BHP and Rio Tinto increasing exposure to capitalize on tight supply.
Rio Tinto plans to expand its metals trading operations to include third-party products and derivatives under new leadership, aiming to boost profitability and agility. This strategic shift moves beyo
Crude oil prices surged amid Middle East tensions, dragging Australian shares down and reigniting inflation fears. Mining giants like BHP and Rio Tinto fell as copper prices dropped, while an accident
The World Bank reported a record $112 billion in private capital mobilization, highlighting a $2.5 billion financing package for a Rio Tinto lithium project in Argentina to support energy transition e
Australian stocks hit a two-month low as mining giants like BHP and Rio Tinto slumped on weaker copper and lithium prices. Rising oil costs and inflation fears further pressured the market amid expect
Rio Tinto has agreed to acquire the Aurukun Bauxite Project from a Glencore-Mitsubishi joint venture, subject to regulatory approval. The deal expands Rio's regional operations, though Traditional Own
UK mid-cap stocks fell to a one-month low amid soaring gilt yields and inflation fears. Oil prices rose near $95 per barrel while industrial metal miners like Rio Tinto and Glencore declined due to ge
UK stocks rose supported by miners Rio Tinto and Anglo American, while oil majors dipped on Iran sanction fears; Shell attracted bidder interest for its $8 billion U.S. chemical assets.
Mining executives from Glencore, Anglo American, and Rio Tinto indicate that despite heightened regulatory scrutiny on critical minerals, M&A activity remains viable, though valuation remains a larger
McEwen Copper is negotiating with Rio Tinto for up to $4 billion in financing to develop its Los Azules copper mine in Argentina, targeting production by 2030 amid tightening global supplies. The firm
Copper prices surged amid a supply squeeze driven by US tariff fears and strong demand from data centers and renewables. Major miners like Rio Tinto and BHP reported revenue gains, though global inven
Rio Tinto secured a $2.5 billion government subsidy to transition its Tomago aluminium smelter to 100% renewable energy by 2033, averting potential closure while reducing annual greenhouse gas emissio
Rio Tinto and partners secured a $1.8 billion government bailout for Australia’s Tomago aluminum smelter amid soaring energy costs. The deal includes A$1.1 billion in facility investment and commitmen
FTSE 100 remained flat as investors awaited US inflation data, while mining giants Anglo American and Rio Tinto gained on rising copper prices. Brent crude held near $90 per barrel amidst Middle East
Rio Tinto and partners at Australia's Tomago aluminum smelter will receive government financial support to offset soaring energy costs. The bailout aims to prevent plant closure amid global competitio
Australian mining stocks rallied for their best week since 2024, fueled by record copper prices and strong dividends from majors like BHP and Rio Tinto amid supply constraints.
The White House invited top mining executives, including Rio Tinto and BHP, to a meeting with President Trump to accelerate US critical mineral production and reduce dependence on Chinese supply chain
China's state buyer CMRG has instructed select steel mills to pause negotiations with Rio Tinto for September shipments, escalating pressure during annual supply talks. This move aims to boost CMRG's
Glencore reported an 86% surge in first-half core earnings to $10.1 billion, driven by record copper prices and strong trading. It plans to return $1.5 billion to shareholders and pursue an Australian
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