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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Jean-Sebastien Jacques, CEO, Rio Tinto, will be meeting the federal and State Government ministers of Australia about to discuss on the future of Tomago Aluminium smelter. Mr Jean-Sebastien will meet the New South Wales government representatives coming week as the smelter is confronting a threat...
Rio Tinto, which developed a reservoir to power the aluminium smelter in Kitimat, B.C., has signed a New Day agreement with the Cheslatta Nation, promoting the social and economic well-being of the Cheslatta. Rio Tinto’s Kitimat aluminium smelter relies on electricity generated at its...
Rio Tinto has announced its full-year financial results of 2019, where it reveals strong safety performance with no fatalities and a slightly improved all injury frequency rates, coming from a strong base. The company’s net cash generated from operating activities stood at US$ 14.91 billion, up 26...
Pacific Aluminium the subsidiary of Rio Tinto has announced a net loss of $46 million with its interest in the New Zealand Aluminium Smelter for the year 2019. Pacific Aluminium holds 79% shareholding in New Zealand’s Aluminium Smelter, and say: “the loss is a result of consistently lower and...
Rio Tinto has announced that the company will appoint three new independent non-executive directors to its board. Hinda Gharbi and Jennifer Nason will join the board with effect from 1 March 2020. Hinda Gharbi is executive vice president of Reservoir & Infrastructure at Schlumberger Limited...
Mining giant Rio Tinto has reportedly started dismantling its inoperative Gove refinery in East Arnhem Land in the Northern Territory of Australia. The refinery was mothballed in 2014, causing job loss to 1,000 workers. Smokestacks of the refinery have been already scaffolded and stripped down,...
STAS and Rio Tinto publicised on 13 th February’20 an agreement for commercially viable of an advanced compact filtration technology (ACF) for aluminium cast houses. The ACF technology built by Rio Tinto and it will be now manufactured and sold under license by equipment manufacturer STAS...
Rio Tinto made public that it might have to shut down its aluminium smelter in Iceland (ISAL) if the country’s state-controlled energy supplier does not deliver a cheaper deal. The warning again indicates the tough market aluminium producers around the world are facing, as the demand fades and...
Dennis Barnes, CEO, Contact Energy NZ is optimistic that Rio Tinto, the major-owner of Tiwai Point Aluminium smelter can keep it open, but with an upgrade of the power grid - for when the facility does eventually close - will happen sooner rather than later. Rio Tinto's review of the ageing smelter...
Southern Cross Electrical Engineering has reportedly secured a contract of $18 million to complete refurbishment work at Rio Tinto’s Gove Peninsula bauxite mine in the North East Arnhem Land site. The work also includes isolating and re-routing electrical and hydraulic services to the mine. The...
AlCircle’s “Aluminium Industry Recap 2019” brings to you an opportunity to look back at the key developments in the year gone by. Although the year 2019 was an aftermath of trade wars, restrictive tariffs, sanctions, capacity cuts and price volatility that impacted the entire aluminium value chain,...
Rio Tinto’s alumina production for the fourth quarter of 2019 was one per cent higher than the fourth quarter of 2018. On a quarter-on-quarter comparison, output registered an increase of 11 per cent to 2 million tonnes. “Our share of production from the Pacific refineries was 17% higher than the...
Rio Tinto’s aluminium production stood at 3.2 million tonnes in 2019, down 2% year-on-year, primarily reflecting a preventive safety shutdown of one of the three pot-lines at ISAL and earlier than planned pot relining at Kitimat. “Excluding the non-managed Becancour operation where a lock-out...
Rio Tinto has accomplished its ramp-up of the Amrun project in far north Queensland as scheduled, strengthening the operations for better performance in the company’s bauxite division. The gross output of the company has shot up 9% in 2019 when compared with the preceding year to 55.1 million...
A New Zealand firm promises its Potline technology could rescue Rio Tinto to keep Tiwai Point open, support the Government to cut carbon emissions and help Meridian's bottom line. The distressed aluminium smelter uses about 12% of New Zealand's electricity every year, pays tens of millions of...
For reducing the dependence on the mining industry for recycling, Apple Inc. will reportedly use a new technology called Daisy robot that will disassemble iPhone parts to recover and reuse the minerals used in making products. Apple says the robot is part of the plan to make the manufacturing...
Rio Tinto, the global mining and metals production firm says it has started securing orders for its new aluminium alloy wheel known as Revolution-AI. As per the company’s communication, researchers at its Arvida Research and Development Centre in Quebec, Canada, have spent more than 5 years in...
Rio Tinto and Hydro recently executed the first ever paperless trade in the alumina commodity segment. Both the companies used the CargoDocs solution from essDOCS for the transaction. This also marks the first ever paperless trade solution for alumina shipment by any company and also the first use...
