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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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...
Gas and iron ore operations on Australia’s west coast are likely to be affected by an approaching cyclone just as a severe storm in the nation’s northeast dumps heavy rain on Rio Tinto Group’s biggest bauxite mine. The tropical cyclone Veronica is taking place at 545 kilometers (339 miles) north of...
The US dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held US interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowdown in the economy. LME base metals, except...
Rio Tinto’s Chief Executive Jean-Sebastien Jacques said that Rio Tinto is in talks with Apple to move into the next phase of an agreement for a low-carbon aluminium smelting project. He said this during the inauguration of Rio’s new Amrun bauxite mine in northern Australia. The world’s top miner is...
Rio Tinto has completed commissioning of the Amrun bauxite mine in Queensland, Australia. The company said that the mine and associated processing and port facilities will replace production from Rio Tinto’s depleting East Weipa mine. Rio Tinto will increase annual bauxite export capacity by around...
Rio Tinto announces record returns of US$13.5 billion including final dividend of US$3.1 billion and special dividend of US$4.0 billion to its shareholders for 2018. Commenting on the announcement, Rio Tinto chief executive J-S Jacques said “We have once again announced record cash returns to...
Water and wastewater treatment company De.mem Limited announced that the company has secured A$780,000 ($564,868) operations and maintenance contract for Rio Tinto’s Amrun bauxite mine in Queensland, Australia. De.mem will manage potable water and sewage treatment plants at the mine, for 12 months...
Rio Tinto's BC Works smelter and Kemano Power Operations in British Columbia, Canada, have been certified for responsible production by the Aluminium Stewardship Initiative (ASI). The company’s aluminium operations in Canada have all been certified to the industry’s highest standards for...
Rio Tinto’s alumina production for the fourth quarter of 2018 was three per cent lower than the fourth quarter of 2017. Compared to Q3 2018, alumina production registered a hike by 2 per cent. The company produced 2 million tonnes of alumina in Q4 2018. For the full year , alumina production stood...
Global miner Rio Tinto announced fourth quarter and full year 2018 production results. Rio’s bauxite production in 2018 was one per cent lower than 2017, with strong production at Gove and the Andoom mining area in Weipa was offset by lower production at two non-managed operations. The CBG mine in...
Rio Tinto’s aluminium production for the fourth quarter of 2018 stood at 874,000 tonnes, one per cent lower compared with the corresponding period of 2017. Aluminium production in 2018 was three per cent lower than 2017. Rio Tinto produced 3.5 million tonnes of aluminium. The decline in production...
A cyclone is expected to hit the north coast of Australia’s Queensland state Weipa on Tuesday and affect Rio Tinto’s Weipa bauxite mine while disrupting shipping, reported the weather bureau. The Port of Weipa, which handles Rio’s bauxite mine as well as general cargo, remained shut for the third...
Bauxite industry has witnessed a number of developments last week. Here is a round-up of the most important news stories on the bauxite sector from the week gone by: Construction of EGA’s bauxite mining project reaches 75 per cent The construction of Emirates Global Aluminium’s (EGA) bauxite mining...
Rio Tinto announced it has completed the sale of its Dunkerque aluminium smelter in northern France, Europe’s biggest aluminium producer, to Liberty House for $500 million. In January, Rio Tinto had accepted a purchase offer from UK industrialist Sanjeev Gupta for its Dunkerque aluminium smelter....
The first shipment of bauxite from Rio Tinto’s $2.6 billion Amrun bauxite project in Queensland has arrived at the Port of Gladstone. More than 80,000 tonnes of bauxite were loaded onto the vessel RTM Weipa for departure from the Western Cape York Peninsula on December 3, achieved six weeks ahead...
According to a report, Rio Tinto’s Potline 4 at New Zealand Aluminium Smelter (NZAS), at Tiwai Point on the South Island, officially reopened by the country’s Prime Minister Jacinda Ardern. Rio Tinto, along with joint venture partner Sumitomo Chemical Company, invested around US$4.1 million this...
Rio Tinto has loaded first shipment of bauxite from its US$1.9 billion Amrun project in Queensland, six weeks ahead of schedule. More than 80,000 tonnes of bauxite are expected to arrive at Rio Tinto’s Yarwun alumina refinery in Gladstone next week. Rio Tinto Aluminium chief executive Alf Barrios...
According to Rio Tinto, aluminium inventories in the world outside China would decline in next two to three years as demand will see a quicker growth. Alf Barrios, the chief executive officer of Rio Tinto Aluminium said this in an interview recently. “We see aluminium demand growth being extremely...
