What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
Iron ore remains Rio Tinto's financial anchor, but growing exposure to aluminium, copper and lithium is changing how investors assess the diversified miner. Rio Tinto is attracting renewed attention among UK-listed metals and mining stocks as its expanding commodity mix creates a valuation picture...
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Rio Tinto will build a hydrogen pilot plant in Gladstone and replace natural gas with clean hydrogen at an alumina refinery. Sumitomo Corporation will assist with the project. Hydro's North American extrusion unit received the Aluminium Stewardship Initiative Performance Standard V2 certification...
According to a report on Wednesday, July 12, Rio Tinto, an Anglo-Australian metals and mining group, will build a pilot hydrogen plant in Gladstone and retrofit an alumina refinery to replace natural gas use with clean hydrogen for the alumina refining process. It will be done with the help of...
Rio Tinto plans to spend $1.1 billion (CAN$1.4 billion) to expand its state-of-the-art AP60 aluminium smelter at Complexe Jonquière in Canada. This development will compensate for the closure of potrooms at the Arvida smelter in the same location and the loss of 170,000 tonnes of capacity. Besides...
According to a report on Monday, June 12, Rio Tinto will expand its state-of-the-art AP60 aluminium smelter at Complexe Jonquière in Canada with an investment of $1.1 billion (CAN$1.4 billion). This expansion will offset the closure of potrooms at the Arvida smelter on the same site and...
Rio Tinto, a well-known mining corporation in Australia, has recently announced a significant profit from its aluminium smelter located in Bluff. The holding company for Rio Tinto's 79% share in the smelter, Pacific Aluminium, has recorded an "underlying" profit of $122 million for the year ending...
Graphene Manufacturing Group (GMG) and Rio Tinto announced the signing of a definitive Joint Development Agreement (JDA) to speed up the development and implementation of GMG's Graphene Aluminium-Ion batteries in the mining and minerals sector. Rio Tinto will invest A$6 million in return for early...
The global mining and metal giant Rio Tinto has entered into a binding agreement to acquire the Platina Scandium Project, a high-grade scandium resource in New South Wales, from Platina Resources Limited for $14 million. The project, located in central New South Wales close to Condobolin, includes...
On Wednesday, April 19, Rio Tinto, a leading Anglo-Australian mining group, announced its operational results for the first quarter of 2023, revealing an 11 per cent year-on-year decline and 8 per cent month-on-month drop in bauxite output to 12.1 million tonnes. The downfall took place due to the...
Kenanga Investment Bank Bhd, a financial institution in Malaysia that offers investment management services, reiterated its "neutral" stance on the carbon emissions tax imposed on the seaports and logistics sectors. Rio Tinto is upgrading its casting facility to add new, cutting-edge machinery such...
According to a report on Thursday, April 12, Rio Tinto has started the construction work for a capacity increase to casting low-carbon, high-value aluminium billets by 202,000 tonnes at Alma smelter, Quebec. Rio Tinto is expanding its existing casting centre to include new state-of-the-art...
The global mining and metal giant Rio Tinto has released its 2022 Taxes and Royalties Paid Report, showing that $10.8 billion was paid as taxes and royalties. This is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first Annual Taxes Paid report for...
To assist the communities where it works, Rio Tinto upped its budget for spending on Australian suppliers to more than A$15.3 billion in 2022. Over 6,200 firms, comprising Australian-owned and run companies and locally owned and controlled offices of foreign corporations, shared an increase in the...
The world leader in the mining of bauxite and iron ore, among many other minerals, Rio Tinto, observed World Water Day on March 22, 2023, by publicising information about annual surface water usage across its global network of managed sites in 35 countries, through an interactive map on its...
Rio Tinto increased its expenditure budget on Australian suppliers to more than A$15.3 billion in 2022 to support communities where it operates. Rio raised its budget by almost 9 per cent than the previous year and equally distributed among more than 6,200 businesses, including Australian-owned and...
Rio Tinto has warned the world is struggling to build enough renewable energy to replace fossil fuels, and at the speed needed, to hit aggressive emissions targets, as the miner confronts the challenge of sourcing cleaner power for its Australian aluminium smelters. Rio Tinto is one of the most...
The Anglo-Australian mining and metal company Rio Tinto has formally changed its designation of Taiwan in its regular revenue reports. Taiwanese client revenues will now be reported as coming from "Greater China" rather than the previous designation of "other Asian regions," which excluded China...
The German multinational manufacturer of luxury vehicles, BMW Group, continues its efforts to reduce CO2 emissions in the supply chain systematically. A particular focus is on CO2-intensive materials like aluminium, steel and plastics. The BMW Group, therefore, intends to source aluminium with...
The days when premium car purchasers just considered speed, flair, and luxury are long gone. The origin, sustainability, and emissions profile of the materials used to build today's automobiles are topics of growing public concern. "Green is the new black" has become the industry catchphrase for...
