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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Rio Tinto has announced today it has signed a Memorandum of Understanding with Nespresso’s capsule manufacturers towards a commitment to use 100% sustainable aluminium by 2020. Nespresso will become the first company to use Rio Tinto’s responsibly-sourced aluminium to produce its coffee capsules....
As reported by a company press release, Rio Tinto has completed the lease and sale of a dock and land in Kitimat, British Columbia, to LNG Canada for an estimated value of $576 million. LNG Canada was a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS. It is a...
British-owned Liberty, part of Sanjeev Gupta’s global GFG Alliance, has received the financing for the purchase of Aluminium Dunkirk, Europe’s largest aluminium smelter from Rio Tint. The company has entered into a committed financing agreement with a syndicate of major international banks. The...
Rio Tinto reported a slight drop in aluminium production in third quarter in Q3 2018. Aluminium production was one per cent lower than the corresponding period of 2017, due to an ongoing lock-out at the non-managed Becancour smelter, which began on 11 January 2018. Aluminium production stood at 0.9...
Global miner Rio Tinto announced production results for the third quarter of 2018. The company’s bauxite production in Q3 2018 was one per cent lower than the corresponding quarter of 2017, with strong production at Weipa offset by lower production at the non-managed Sangaredi and Porto Trombetas...
Rio Tinto, an Anglo-Australian multinational and one of the world's largest metals and mining corporations, is reportedly close to recommencing a sale process of its aluminium plant in Iceland, along with some aluminium assets. The aluminium plant in Iceland has been valued at around US$350...
Alumina producers, including South 32 and Alumina Limited, on Thursday, October 4, reportedly experienced a sharp rise in shares post Norsk Hydro’s announcement of production shut at the world’s biggest alumina refinery Alunorte. Shares in Alumina Ltd rose as much as 11 percent on Thursday, October...
Rio Tinto’s Gove Operations has reportedly bagged a prestigious recognition for being a world-class bauxite producer in the global aluminium industry at the 2018 Chief Minister’s Northern Territory Export and Industry Awards. Rio’s Gove Operations, located on the Gove Peninsula in North East Arnhem...
Canada’s Aluminum Valley or the heart of the aluminium industry lies along a 50-mile stretch of the Saguenay River in the region of Saguenay—Lac-Saint-Jean, a two-hour drive north of Quebec City. The five aluminium smelters operating in the region account for 50% of Canada’s aluminium production....
According to a press update from Norsk Hydro it has signed and an agreement with Rio Tinto to terminate the acquisition process for Rio Tinto's Icelandic aluminium plant ISAL. The takeover process also included its interests in Dutch anode facility Aluchemie and Swedish aluminium fluoride plant...
Rio Tinto has announced yet another strong set of results in H1 2018 with an underlying EBITDA of US$9.2 billion and operating cash flow of US$5.2 billion for the entire group of companies, followed by declaring its superior returns of US$7.2 billion to shareholders comprising of US$3.2 billion...
Rio Tinto has released its H1 2018 financial results on August 1, 2018. The Aluminium group’s underlying EBITDA increased by ten per cent compared with H1 2017, driven significantly by higher bauxite volumes and stronger pricing. Rio Tinto’s H1 bauxite production of 25.9 million tonnes was up 7%...
Another feather of glory adds to the hat of Rio Tinto as it stands as the first company in the entire aluminium value chain to receive the Chain of Custody Certification from Aluminium Stewardship Initiative (ASI). This means Rio is now the only officially qualified company to sell aluminium with...
Rio Tinto reported a slight drop in alumina and aluminium production in second quarter as well as in H1 2018 due to operational issues like lock-out and power outage. Rio Tinto chief executive J-S Jacques said “Operational performance was solid across most commodities, rounding out a strong first...
Rio Tinto releases production results for the second quarter of 2018. Bauxite production reported an increase and alumina and aluminium production reported a drop both in second quarter as well as in H1 2018. Rio Tinto chief executive J-S Jacques said “Operational performance was solid across most...
Aggreko Australia Pacific has completed the project of upgradation of 20MW power station at Rio Tinto’s Amrun bauxite project in Far North Queensland. Aggreko had received $100 million contract to build and operate a power station at the company’s project in June las year. The new power station has...
Rio Tinto announced that it has extended the agreement with Scepter for an additional ten years. Rio has renewed the contract for the treatment of by-product from the aluminium smelting process known as "skims" in Quebec, Canada. Scepter, an internationally recognized leader in aluminium dross and...
Rio Tinto, one of the world’s largest metals and mining corporations, has reported the receipt of vital infrastructure pieces for its US$2.6 billion Amrun bauxite project on Cape York Peninsula, Queensland. The infrastructure pieces include 550t stacker and 1700t reclaimer, which arrived after 16...
