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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Analysts review that Canada’s exemption from U.S. tariffs on imports of aluminium has boosted earnings for companies such as Rio Tinto and Alcoa at the expense of U.S. consumers. Despite the lifting of tariffs on Canada in May, U.S. consumers are paying the physical market premium of around US$400...
Rio Tinto reported a 1 per cent increase in bauxite production to 13.4 million tonnes in the second quarter of 2019. Production was up 5 per cent quarter-on-quarter. Bauxite production increased 1 per cent year-on-year to 26.1 million tonnes in the first half of 2019. “Production at managed...
Rio Tinto’s aluminium production was 0.8 million tonnes in the second quarter of 2019. Production was in line with the corresponding period of 2018. But production was up one per cent quarter-on-quarter. Aluminium production stood at 1.59 million tonnes in the first half of 2019, unchanged from the...
According to the Reuters report, Glecore is one of the companies that have shown interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden, and the Netherlands for up to $350 million. Rio had started the assets sale process in late 2018 with the help of French investment bank Natixis after...
Alcoa Corporation, a leading bauxite, alumina, and aluminium producer, announced the signing of a New Labour Contract for Aluminerie de Bécancour Smelter in Québec, Canada on July 2. "We are pleased that ABI has a new labour agreement that will get employees back on the job, working together to...
Rio Tinto has developed Revolution-Al™, a new aluminium alloy that could reduce the weight of wheels by 7 per cent. Revolution-Al™ is the latest addition to Rio Tinto’s High Strength 3xx Series Alloys. Rio Tinto Aluminium chief executive Alf Barrios said: “As we partner with customers we’re seeing...
According to a recent report, the Anglo-Australian mining corporation, Rio Tinto, has temporarily suspended the operation at its Gove Operations bauxite mine last week after Electrical Trades Union (ETU) delegates discovered improper lighting condition at the ship loading facility. ETU Northern...
Rio Tinto has disclosed additional information in relation to its global tailings facilities in its website in line with its commitment to disclose information about its practices. Rio Tinto, in its website, defines tailings as “residues created as part of mining, refining, smelting and water...
Pacific Aluminium (New Zealand) Limited (PacAl NZ), a subsidiary of Rio Tinto, has reported its interest in the Tiwai Point smelter operated by New Zealand Aluminium Smelters Limited (NZAS). Smelter’s underlying earnings came in at NZ$22 million in 2018, down NZ$53 million from NZ$75 in 2017. This...
Rio Tinto’s Amrun bauxite mine was announced winner of the ‘Best Company Indigenous Procurement Initiative Award’ at the Queensland Resources Council (QRC) Indigenous Awards in Brisbane on Monday. The $2.6 billion Amrun recently transitioned from a construction project to a fully operational...
ELYSIS, a technology company created by a partnership between two global industry leaders – Alcoa and Rio Tinto has been selected as the international “Breakthrough Solution of the Year” at the Global Metals Awards by S&P Global Platts, in London. The award is given to innovators as well those who...
Rio Tinto, a global leader within the aluminium sector, won two awards at the seventh annual S&P Global Platts Global Metals Awards. Rio Tinto was named in both ‘Metals Company of the Year’ and ‘Industry Leadership Award – Nonferrous’. 2019 Global Metals Awards held at a black-tie gala in London on...
The Aluminium Association of Canada (AAC) brings together Canada’s three primary producers of aluminium, Alcoa, Aluminerie Alouette and Rio Tinto. A non-profit organization, it represents the Canadian primary aluminium industry. AlCircle had an opportunity to interact with Jean Simard, President...
According to the latest report from Consultancy group Fitch Solutions, Australia is set to drive growth in the global bauxite sector, currently holding 12 of the 29 new bauxite projects. Rio Tinto’s Amrun project is expected to drive Australia’s global bauxite business. “While bauxite accounts for...
Rio Tinto announced first quarter 2019 production results. Bauxite production stood at 12.8 million tonnes in Q1 2019, up one per cent from the same period of 2018. “Increased production capacity following the expansion of Amrun in Queensland was partly offset by weather events throughout the...
Rio Tinto’s aluminium production for the first quarter of 2019 came in at 796,000 tonnes. Production was in line with the first quarter of 2018. “Excluding production from the non-managed Becancour smelter, which continues to be impacted by a lock-out, production was one per cent higher, reflecting...
ELYSIS, the joint-venture technology company of Rio Tinto and Alcoa, announced yesterday that it chose Saguenay-Lac-Saint-Jean region in Quebec for setting up its new research and development facility. It will indirectly employ more than 25 experts when fully operational, said the company on its...
Miners Rio Tinto and BHP Group said today, on March 26, that they resumed operations at some facilities that were stopped because of the cyclone-hit at Australia’s northern coastline over the weekend. In response to the Bureau of Meteorology report, Rio had suspended its Weipa bauxite operations...
