Rio Tinto attracts several proposals to build 4 GW of wind

Mining News Pro - Global miner Rio Tinto has received several offers to build 4 gigawatts (GW) of wind and solar farms to power its alumina and aluminum operations in Australia’s Queensland state, the company’s Australia head said on Friday.

Rio Tinto slashes dividend as profits take a hit; shares tumble

Mining News Pro - Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday, as weaker iron ore prices due to cooling demand from top consumer China, higher costs and labour shortages hurt the global miner.

Rio Tinto inks deal to unlock huge Simandou iron ore project

Mining News Pro - Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit.

Rio Tinto, Fortescue record profits near end on price view

Mining News Pro - Australian iron ore miners Rio Tinto and Fortescue Metals Group Ltd are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labour market.

Rio Tinto, Fortescue record profits near end on price view

Mining News Pro - Australian iron-ore miners Rio Tinto and Fortescue Metals Group are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labor market.

Rio Tinto, Ford to develop battery, low-carbon materials supply chain

Mining News Pro - Rio Tinto and Ford Motor Company have signed a non-binding global memorandum of understanding (MOU) to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles.

Rio Tinto faces labour crunch in Western Australia

Mining News Pro - Rio Tinto on Friday warned that covid-19-related labour shortages in the resource-rich state of Western Australia and rising inflation would impact its underlying earnings in the second half, knocking its stock lower.

Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again

Mining News Pro - Rio Tinto flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia.

Rio Tinto opens Gudai-Darri, its most technologically advanced mine in Pilbara

Mining News Pro - Rio Tinto on Tuesday marked the official opening of Gudai-Darri, its most technologically advanced mine, joined by Pilbara Traditional Owners, the Banjima People, and Western Australia’s Minister for Mines and Petroleum; Energy, Hon. Bill Johnston.

Rio Tinto starts iron ore deliveries from Gudai-Darri mine

Mining News Pro - Rio Tinto said on Wednesday it had started delivering iron ore from its Gudai-Darri mine in Western Australia as it seeks to boost overall production volumes.

Mongolia urges transparency as Rio Tinto seeks control of Oyu Tolgoi

Mining News Pro - A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the troubled project.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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