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 is attracting renewed interest in selling its Pacific Aluminium smelting unit by adding two alumina refineries in Australia to the portfolio, according to three sources familiar with the matter. Rio Tinto had tried to sell the division minus the refineries in 2011 and again in 2015...
Rio Tinto has been notified by the US Securities and Exchange Commission (SEC) that it has filed a complaint today in relation to Rio Tinto’s disclosures and timing of the impairment of Rio Tinto Coal Mozambique (RTCM). The impairment was reflected in Rio Tinto’s 2012 year-end accounts. Rio Tinto...
The global mining giant Rio Tinto Group is mulling sales of its aluminium operations in Australia and New Zealand, reported the Financial Times. The sale of assets includes Pacific Aluminium and a power station at Gladstone, for which the group is in talks with Sanjeev Gupta owned Gupta Family...
Rio Tinto published the production results of alumina for the third quarter of 2017. The company’s alumina production for the quarter was in line with the third quarter of 2016. The company produced 1.9 million tonnes of alumina in the three months ended September 30. Rio Tinto produced six million...
Rio Tinto released the production results of alumina and aluminium for the quarter third quarter of 2017. The company’s aluminium production dropped due to production curtailment at the Boyne smelter and lower production at the Sohar smelter. The quarterly aluminium production was three per cent...
Rio Tinto announced the production results for the third quarter of 2017. The company registered a four per cent increase in bauxite production in the third quarter. Rio Tinto’s bauxite production was 12.9 million tonnes for a second consecutive quarter. This was due to strong production at Weipa...
Rio Tinto, the third largest aluminium producing company in the world, is mulling the sale of its biggest aluminium smelter in Europe after the prices for the metal surged in the last few months. LME aluminium has risen by about 30 per cent this year, and this has lent momentum to Rio’s plan of...
Australian strategic metals company TNG Limited announced that the company signed an agreement for the sale of its wholly owned Melville Island exploration licence application (ELA) in the Northern Territory to Rio Tinto Exploration. ELA 28617 covers an area of 1,387km2 in the north-western part of...
Oman's Sohar Aluminium today announced that the aluminium production started again on Friday, 15th September, following the interruption at its smelter in Sohar. The company had informed about an accident which interrupted normal operations in August. The accident halted aluminium production for...
Rio Tinto has completed the sale of its wholly-owned subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited. From today, Yancoal takes over management of Rio Tinto’s thermal coal business in the Hunter Valley region of New South Wales. Rio Tinto will receive total consideration of...
<p>Oman's Sohar Aluminium yesterday announced that the company was assessing to resume the production as soon as possible after the interruption at its smelters, according to the news published by Reuters.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right:...
<p>According to a report from The Australian, US-based Century Aluminium and Glencore are eying Rio Tinto’s Pacific Aluminium business, which is up for sale through Deutsche Bank at an estimated cost of $US1 billion ($1.3bn).</p> <p style="text-align: center;"><img style="vertical-align:...
<p>An Indigenous owned mine training centre and bauxite mining operation developed by Gumatj Corporation in Northeast Arnhem Land with support from Rio Tinto was opened at the 19th annual Garma Festival.</p> <p>The Gulkula Regional Training Centre and Gulkula bauxite mining operation are owned...
<p>Rio Tinto reports four per cent increase in bauxite production in the first half of 2017 at 24.2 million tonnes in comparison to the same period of 2016. The increase was driven by record production at both Gove and Weipa bauxite mines.</p> <p style="text-align: center;"><img...
<p>Rio Tinto has announced production and financial results for the first half of 2017 and its alumina operations have recorded significant increase in net earnings as well as revenue.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
<p>Rio Tinto has announced production and financial results for the first half of 2017 and reported cash generation of $6.3 billion and cash returns to shareholders of $3.0 billion.</p> <p>Commenting on the results, Rio Tinto chief executive J-S Jacques said “By driving performance, focusing...
<p>Rio’s subsidiary Tomago Aluminium smelter in New South Wales has been struggling with uncertain power supply and higher power rate issues for years now. Tomago, which is co-owned by Rio and has CSR subsidiary Gove Aluminium Finance consumes 12 per cent of the state’s...
<p>Iceland, this tiny island country which was once known only for its huge fish production and export is the new hub for aluminium and on the way to produce more aluminium in 2017 than the United States in the same way like two other countries with hydropower- Canada and Norway. Major Aluminium...
