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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New Zealand Aluminium Smelters (NZAS) said: “The Electricity Authority’s proposal to reform its transmission pricing methodology might be too little and coming too late.” Stew Hamilton, General Manager, said: “The NZAS executive team had argued for years the firm was paying too much for...
Rio Tinto is keeping a close watch on merger and acquisition (M&A) opportunities to diversify its portfolio in a bid to overcome market uncertainties caused by the COVID-19. The news came after Rio Tinto chief executive Jean-Sébastien Jacques said in a statement at a virtual presentation at Bank of...
The metal and mining giant, Rio Tinto, has joined hands on a project to develop a zero-emission bus made of aluminium that will be tested in the Saguenay-Lac-Saint-Jean region of Quebec, Canada in 2021. The bus is fully electric and made with aluminium and it is named as the Electrip. Emmanuel...
On Friday morning, May 8, Tiwai Aluminium Smelter donated some groceries and grocery vouchers to the Southland Foodbank and the Salvation Army to lay support during this test of time due to COVID19. Workers of the smelter visited the food bank on Friday to deliver the donations. According to...
Rio Tinto and The Royal Flying Doctor Service (RFDS) has entered into a new partnership that will help out the Bundaberg region of Queensland in becoming a training ground for aeromedical professionals from across Australia. Rio Tinto has assured $1.25 million to RFDS Queensland over five years,...
Stewart Hamilton, CEO, Tiwai Point: “Aluminium manufacturer Rio Tinto does not own a hazardous substance being stored in Southland warehouses, but the company remains committed to its removal despite not being in a position to store the product at Tiwai Point, New Zealand Aluminium Smelter” Stewart...
Rio Tinto came out with open hands to support local community efforts to fight COVID-19 and its social and economic impacts. The metals and mining giant is contributing $10 million in a multiple of grassroots projects across Canada and the United States. Rio Tinto has taken its stance from the...
The COVID19 impacts have brought in a lot of changes in planning, strategizing, and executions for the aluminium companies. Such was our observation over more than a week, from April 11 to April 24. While decline in European car sales by about 52 per cent in March, attributing to the lockdowns...
Motorola Solutions is supporting Rio Tinto to pursue delivery towards its consumers while safeguarding people and communities during the COVID-19 pandemic. The two multinational companies have joined hands to design and roll-out a back-up communications solution for Rio Tinto Aluminium’s Integrated...
Jean-Sébastien Jacques, CEO, Rio Tinto has stated that meeting the company’s ambitious emission targets would not be possible without using its impact on the downstream customers. Jacques, while speaking in Rio Tinto’s climate and water seminar, said that achieving the targeted zero net carbon...
An Anglo-Australian multinational and the world's second-largest metals and mining corporations, Rio Tinto, has released the operational results of the first quarter of 2020, mentioning that its bauxite production has increased year-on-year by about 8 per cent to stand at 13.8 million tonnes. But...
In addition to the New Zealand Aluminium Smelter (NZAS) at Tiwai Point, Rio Tinto’s other aluminium laboratories such as its Tasmania’s Bell Bay site, the Yarwun refinery in Gladstone have all become the temporary hand sanitiser development hotspots. The mining giant aims to ease the demand for...
Rio Tinto’s Tiwai Point aluminium smelter near Bluff in Southland of New Zealand is one of the largest manufacturing facilities kept active amid COVID-19 epidemic lockdown. The major reason for keeping it active as it takes weeks for proper shutdown and again re-starting takes months. Tiwai point...
ATO has escalated its transfer pricing probe into Rio Tinto's aluminium division, further complicating talks between the miner and the federal government in regards to a rescue package for Rio's three loss-making Australian smelters. In February’20 a probe was advancing into Rio's aluminium...
Rio Tinto considers suspending the production at its Straumsvík smelter in Iceland for two years. The company is one of the world’s largest metal and mining corporations are considering various options to reduce its losses during the economic downturn due to the coronavirus pandemic. Rio Tinto’s...
The world’s second-largest metal and mining corporation Rio Tinto will close one of its aluminium production lines at Tiwai smelter, New Zealand, in line with the government directives to curb the spread of coronavirus. Such was the announcement made by Rio Tinto’s New Zealand's Aluminium Smelters...
Australia's loss-making aluminium smelters have warned their possibility of returning might get reduced post joining the society for COVID-19 lockdowns and appealed government to exempt them. A scruple of industries, including police, resources and healthcare workers have been told to keep working...
Today, as a result of separate actions by the Premier of Quebec and the President of South Africa to contain the spread of COVID-19, Rio Tinto will slow down some of its operations. At Richards Bay Minerals (RBM) in South Africa Rio Tinto will curtail production in compliance with a directive from...
