Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7bn offer
Mining News Pro - Canada’s Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.
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Rio Tinto becomes first North American producer of scandium oxide
Mining News Pro - Rio Tinto Fer et Titane (RTFT) announced Friday it has produced a first batch of high purity scandium oxide at its commercial scale demonstration plant in Sorel-Tracy, Quebec. This makes RTFT the first North American producer of the critical mineral, used in solide oxide fuel cells and in aluminium alloys.
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Rio Tinto iron ore shipments drop on covid delays
Mining News Pro - Rio Tinto on Wednesday reported lower-than-expected iron ore shipments in the first quarter and warned of risks from sustained high inflation, a resurgence of covid-19 lockdowns in China and a prolonged Russia-Ukraine war.
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Visit: 135
Rio Tinto exits state mining lobby amid climate rift
Mining News Pro - Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion of coal mines did not align with the Paris Climate Agreement.
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Climate action “at the heart” of Rio Tinto strategy
Mining News Pro - Rio Tinto’s annual general meeting (AGM) has seen the major miner put its climate action plan to its shareholders for an advisory vote, in response to investor sentiment.
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Visit: 174
Rio Tinto goes after Turquoise Hill in $2.7 billion bid
Mining News Pro - Rio Tinto has offered $2.7 billion for the 49% of shares it doesn’t already own in Canada’s Turquoise Hill Resources in a move that seeks gaining direct controlling ownership of the vast Oyu Tolgoi copper-gold mine in Mongolia.
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Rio Tinto goes after Turquoise Hill in $2.7-billion bid
Mining News Pro - Rio Tinto has offered $2.7 billion for the 49% of shares it doesn’t already own in Canada’s Turquoise Hill Resources (TSX, NYSE: TRQ) in a move that seeks gaining direct controlling ownership of the vast Oyu Tolgoi copper-gold mine in Mongolia.
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Rio Tinto cuts ties with Russian businesses over Ukraine war
Mining News Pro - Rio Tinto has become the first major mining company to announce it was cutting all ties with Russian businesses, joining a massive exodus of Western companies since Moscow’s invasion of Ukraine.
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Visit: 247
Russian fuel supply latest headache for Rio Tinto’s giant Mongolia copper expansion
Mining News Pro - Rio Tinto is working to avoid a fresh challenge at its giant Oyu Tolgoi copper-gold mine in Mongolia by keeping relationships with Russia steady, as the company seeks to ensure supplies of fuel and other goods to the site.
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Visit: 144
There is a connection between Mars and heavy metal-polluted Rio Tinto
Mining News Pro - Researchers at the University of Tübingen have found parallels between the minerals discovered by the Mars rover Curiosity in the sediment of the Gale Martian crater and those present in Spain’s heavy metal-polluted Rio Tinto estuary.
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Rio Tinto sees US sanctions on Russia potentially disrupting aluminium supply
Mining News Pro - Possible US sanctions on Moscow over the Ukraine crisis may affect Russia’s aluminium industry, Rio Tinto CEO Jakob Stausholm said on Wednesday.
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Rio Tinto rides iron ore gains to post record profit, pay $17bn dividend
Mining News Pro - Rio Tinto posted on Wednesday its best ever annual profit and a record full-year dividend of $16.8 billion, boosted by higher iron ore prices and strong demand from top consumer China.
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Rio Tinto ramps up Tassie renewables
Mining News Pro - Rio Tinto has partnered with the Tasmanian Government to investigate the development of new industries and boost the resources sector’s contribution to the state’s economy.
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DOE backs Rio Tinto led investigation into carbon storage at Minnesota nickel project
Mining News Pro - The U.S. Department of Energy has awarded $2.2 million in funding to a team led by Rio Tinto (ASX: RIO; NYSE: RIO) to investigate carbon storage potential at the Tamarack nickel project in Minnesota. The project is a joint venture of Rio Tinto (81.5%) and Talon Metals (TSX: TLO) (18.5%). The advanced exploration project is located about 85 km west of Duluth.
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Rio Tinto seals heritage protection plan for iron ore project
Mining News Pro - Rio Tinto Group, the world’s top iron ore producer, has agreed a heritage protection plan with an indigenous landowner group for a project in Western Australia, as it looks to guard against a repeat of the 2020 destruction of a sacred site at Juukan Gorge.
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Rio Tinto co-designs milestone plan with Yinhawangka people
Mining News Pro - Rio Tinto and the Yinhawangka Aboriginal Corporation (YAC) have agreed on a new co-designed management plan to ensure the protection of significant social and cultural heritage values as part of the proposed development of the Western Range iron ore project in the Pilbara region of Western Australia.
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Visit: 142
Decisions of New Rio Tinto Chairman
Mining News Pro - The incoming chairperson of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead an overhaul of the company’s toxic work culture, two people familiar with the matter said.
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Visit: 204
Vale disappointment keeps Rio Tinto as world’s top iron producer
Mining News Pro - Rio Tinto Group’s hold on the title of world No. 1 iron ore producer is safe — at least for another quarter.
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Investors urge miners to change ways after damning Rio Tinto workplace report
Mining News Pro - Anglo-Australian miner Rio Tinto’s admissions of sexual assault, racism and bullying in an internal report have sparked calls from investors for the entire industry to clean up its act.
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Visit: 182
Rio Tinto report finds ‘disturbing’ culture of sexual harassment
Mining News Pro - A report released by Rio Tinto on Tuesday outlined a culture of bullying, harassment and racism at the global mining giant, including 21 complaints of actual or attempted rape or sexual assault over the past five years.
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Visit: 190
Iron ore price jumps as Fortescue, BHP and Rio Tinto face labour shortage
Mining News Pro - The iron ore price jumped on Tuesday after Fortescue raised concerns over a labour shortage in Australia because of covid-19 curbs, which could hamper output and shipments.
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Visit: 139
Rio Tinto CEO concerned about Serbian PM’s comments on lithium project
Mining News Pro - Rio Tinto’s chief executive said on Tuesday he was concerned about the Serbian prime minister’s comments against the company’s lithium project, in his first remarks after Belgrade revoked the global mining company’s exploration licences.
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Visit: 197
Rio Tinto and Mongolia settle feud over Oyu Tolgoi copper mine
Mining News Pro - Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
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Rio Tinto and Mongolia settle feud over Oyu Tolgoi copper mine
Mining News Pro - Rio Tinto Plc and the Mongolian government said on Tuesday they have reached an agreement to end a long-running dispute over the $6.93 billion expansion project for the Oyu Tolgoi copper-gold mining project.
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Visit: 212
Rio Tinto CEO concerned about Serbian PM’s comments on lithium project
Mining News Pro - Rio Tinto’s chief executive said on Tuesday he was concerned about the Serbian prime minister’s comments against the company’s lithium project, in his first remarks after Belgrade revoked the global mining company’s exploration licences.
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Visit: 175