46 articles
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
Rio Tinto executives confirm no immediate plans to resume takeover talks with Glencore after a six-month standstill expired. CEO Simon Trott prioritizes cost cuts and asset sales over the previously c
Rio Tinto posted its highest half-year profit in four years with $6.85 billion in underlying earnings, driven by strong copper performance and increased production across key commodities.
Rio Tinto reported a 43% rise in half-year profit to $6.85 billion, driven by strong metal prices and restructuring. Iron ore prices remained steady while the company advances its copper growth strate
Pantheon Electric plans acquisitions to meet surging demand for copper conductors driven by AI data centers and grid upgrades. The company expects revenue to reach $2 billion this year while shifting
Rio Tinto has agreed to transfer its aluminum metal matrix composites business and customer base to Cymat Technologies, ending its production of the proprietary ceramic-infused material used in automo
First Quantum Minerals is negotiating to sell a minority stake in its Taca Taca copper project in Argentina to investors like Rio Tinto. The move aims to share costs amid rising global copper demand d
London's FTSE 100 dipped amid Middle East tensions, weighed down by precious metal miners despite rising oil prices boosting energy stocks. Rio Tinto gained on strong iron ore sales, while Fresnillo a
Rio Tinto reported a 7% increase in second-quarter iron ore sales to 85.3 million metric tonnes, surpassing analyst expectations due to strong operational performance.
Rio Tinto reported a 7% drop in Q2 copper output due to a Utah smelter outage, while iron ore shipments rose 17%. The company maintained full-year guidance despite higher diesel costs and geopolitical
The Simandou South Zone iron ore project involves collaboration between Rio Tinto and Chinese EPC firms. Experts highlight cultural differences affecting coordination between Western mining concepts a
Rio Tinto is negotiating a joint venture with Vitol to optimize freight logistics and reduce costs for its mining operations. The partnership aims to leverage Vitol's trading expertise amidst volatile
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