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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The mining and metal Group Rio Tinto was highly inspired by the reduction of the environmental impact by the agricultural and food sector. Now by investing C$250 million in the commissioning of a bauxite residue filtration and optimization plant at its Vaudreuil alumina refinery in Saguenay –...
Rio Tinto expects its 2020 shipment outlook for Alumina to improve by 0.2 million tonnes to between 13.8 to 13.9 million tonnes on improved production levels. In the fourth quarter of 2020, the company expects lower sequential quarterly results primarily from higher energy costs and a change in the...
Hopes gradually appear to grow for the Tiwai Point aluminium smelter to remain open for another three to five years. However, the major stakeholder Rio Tinto declared in July’20 that it would shut down the Tiwai Aluminium smelter by August 2021 provided its high energy costs and a challenging...
Rio Tinto’s alumina production in the third quarter of 2020 was 7% higher than the same period of 2019. This was due to higher production at both Pacific refineries, considering a planned major shutdown at Yarwun during the quarter. Alumina production stood at 1.954 million tonnes in Q3. On a...
Rio Tinto has collaborated with Geocycle Canada and Lafarge Canada for circular economy initiative. The trio will work together to reuse waste from the aluminium smelting process to make cement. Rio Tinto, Geocycle Canada and Lafarge Canada will reduce the need to extract other raw materials and...
Rio Tinto’s bauxite production stood at 14.459 million tonnes in the third quarter of 2020, 5% higher than the same period of 2019. “Third quarter bauxite production was 5% higher than the same period of 2019 with increased production across all sites for both the quarter and year to date,...
Rio Tinto announced production results for the third quarter of 2020. Aluminium production stood at 0.8 million tonnes in Q3, 1% higher than the third quarter of 2019 on stable operations across its smelter portfolio. The output was up by 2% quarter-on-quarter. “Our aluminium business continues to...
A greater part of the workers at Straumsvík aluminium smelter, near Reykjavík in Iceland, have voted to strike in action. As per the report, the strike actions begin on 16 th October, which entail daily strikes among certain professions within the smelter throughout November. A general strike is...
All those who love to drink beer will soon be able to enjoy their favourite brew out of cans that are not only supremely recyclable but made from responsibly produced, low-carbon aluminium. Rio Tinto and Anheuser-Busch InBev (AB InBev), the world’s largest brewer, have formed a global partnership...
The world’s second-largest metal and mining corporation, Rio Tinto communicated that it was willing to continue talks with the Government of New Zealand on extending operations at its Tiwai Point aluminium smelter, as offered by Prime Minister Jacinda Ardern on 28 th September’20. Jacinda Ardern...
Rio Tinto has considerably progressed with its $75 million planned maintenance shutdown work at two of its alumina refineries in Gladstone, Queensland this year. Despite the COVID-19 restrictions, the mining giant conducted maintenance work at Queensland Alumina Limited and Yarwun refinery by using...
A new smelter will be built adjacent to its billet manufacturing facilities to recycle scrap aluminium from Rio Tinto and its customers who turn ingots into value-added products. The facilities will have the capacity to remelt 30,000 tonnes of scrap per year to manufacture new billets. The billets...
Rio Tinto will initiate its first closed-loop recycling solution to complement its low carbon footprint aluminium billet production, delivering consumers with a sizable choice to meet the rising consumer demand for sustainable products. The service will be available from 2021, offering customers in...
When the COVID-19 pandemic hit the Apple Island’s shores in March’20, many Tasmanian businesses received a financial blow, but a partnership is supporting five businesses in the West Tamar to move ahead towards the future. The West Tamar Council and Rio Tinto's Bell Bay Aluminium smelter united to...
When the world is expecting a vaccine to combat the COVID-19 pandemic, Alumar continues to work towards ensuring of health and safety of its employees, suppliers and the community. With its resources or through its consortium members, Alcoa, South 32 and Rio Tinto, the Alumar Consortium has already...
Sohar Aluminium achieved a record hot metal production of 390,516 tonnes in 2019, underscoring its ambition to become the benchmark smelter in the Middle East. This production milestone came on the 10 th anniversary of Sohar operations, jointly owned by the Omani government (40 per cent)...
The global bauxite production for 2020 has been predicted to shrink by 0.1%, to 344 mt, as per the UK headquartered data analytics and consulting company GlobalData, production is hardly affected by the interim halt of mines due to COVID-19 epidemic. GlobalData stated that the production in...
Rio Tinto filed renewal of licence this week for its Iceland Aluminium smelter (ISAL). However, the current operating license for the smelter at Straumsvík, near Hafnarfjörður, does not expire until 1 st November’20, as reported by the Environment Agency's website. In July, the company filed an...
