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 announces financial results for 2017 with a cash generation of $13.9 billion, full year dividend of record $5.2 billion and an additional $1 billion share buy-back. The share buy-back will be completed by the end of 2018. Commenting on the results, Rio Tinto chief executive J-S Jacques...
Australian bauxite export market is pegged at around US$30 million in 2018. After reaching an estimated 24 million tonnes in 2017, total bauxite export from the country is expected to total at 21 million tonnes this year. An earlier Department of Industry, Innovation and Science (DIIS) report had...
Sohar Aluminium successfully resumed full operations in record time after an unexpected disruption in its normal operations, which led to the complete shutdown of its Potline on August 4th, 2017. The entire plant was involved in the recovery efforts to ensure the fastest return to full production,...
Rio Tinto's $US1.9 billion ($2.4 billion) Amrun bauxite project is now 75 per cent complete and the Amrun team is soon expected to award some more contracts associated with the project. Amrun project will produce 22.8 million tonnes of bauxite annually starting in mid-2019. According to Rio's...
Rio Tinto’s aluminium production for the fourth quarter of 2017 stood at 887,000 tonnes, 3 per cent lower compared with the corresponding period of 2016. Aluminium production in 2017 was one per cent lower than 2016. Rio Tinto produced 3.6 million tonnes of aluminium. “Strong operational...
Rio Tinto’s alumina production for the fourth quarter of 2017 was one per cent lower than the fourth quarter of 2016. The total alumina production stood at 2 million tonnes in Q4 2017. For 2017, Rio Tinto’s alumina production reduced to 8.1 million tonnes. “Alumina production for 2017 was in line...
Global miner Rio Tinto today announced production results for the fourth quarter and full year 2017. Rio Tinto’s bauxite production in 2017 was six per cent higher than 2016. The company produced 50.8 million tonnes of bauxite in 2017. “Production at Gove was 23 per cent higher than 2016,...
On an operational development, ABI Becancour smelter at Quebec locked out 1,030 unionized employees at around 3 a.m. Thursday. The smelter plans to use non-unionized workers to maintain operations at one of three production lines. The smelter, located halfway between Montreal and Quebec City has...
Rio Tinto has confirmed through a press release that it has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France. The deal is finalised for $500 million, subject to final adjustments. Rio Tinto will launch a consultation process with...
Rio Tinto has accepted a purchase offer from UK industrialist Sanjeev Gupta for its Dunkerque aluminium smelter, Europe’s biggest aluminium producer. According to the sources, the purchase would be announced today unless there were any unforeseen circumstances. This is the latest investment by Mr...
Canada has been operating in the primary aluminium sector since 1901 when the Northern Aluminum Company (now Rio Tinto Alcan) established its first smelter in in Shawinigan, Québec. Canada ranks fourth in world aluminium production after China, Middle East and Russia contributing nearly 6% of world...
Liberty House, an industrial and metals company controlled by Sanjeev Gupta, is looking at making a bid for Rio Tinto’s aluminium smelter in northern France. Three sources with direct knowledge of the matter told Reuters that the aluminium smelter, which valued at around 200 million euros ($234.44...
Rio Tinto has launched a recruitment drive for more than 100 workers at its bauxite mines in Far North Queensland. The new roles available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new Amrun mine located south of the Embley River between Weipa...
The global mining and metals industry giant Rio Tinto Group has acknowledged China for boosting the use of aluminium cans in the carbonated beverage packaging sector. “In the packaging sector, especially around soft drinks and beer in China, we’re seeing a shift from glass to aluminum,” Rio Tinto...
Global leader in the mining and metals sector, Rio Tinto has appointed Simon Thomson as chairman. Thompson, who succeeds Jan du Plessis will assume office on March 5, 2018. Rio senior independent director Ann Godbehere welcomed Thompson saying “The Rio Tinto board would like to thank Jan for his...
Rio Tinto has further strengthened its partnership with China’s Tsinghua University, extending the tenure of the Tsinghua-Rio Tinto Joint Research Centre for Resources, Energy and Sustainable Development. Rio Tinto and Tsinghua University established the Joint Research Centre in 2012 to bring...
MINING giant Rio Tinto has officially decided to never reopen their Gove refinery, and will instead embark on a lengthy, costly and environmentally fraught dismantling operation. The East Arnhem Land refinery has been in ‘care and maintenance mode’ since operations were mothballed and 1100 workers...
The current state of talks to update the NAFTA trade pact is creating uncertainty among businesses and could hurt investments and growth, Rio Tinto Aluminium chief executive Alf Barrios said on Wednesday. Canada and Mexico say several U.S. proposals for modernizing the North American Free Trade...
