At the US-Canada border, aluminium is constantly on the move, but the direction of trade is far from balanced. In the first six months of 2026, the US imported 907,581.44 tonnes of primary aluminium from Canada, while exporting only 78,886.12 tonnes of semi-fabricated aluminium products such as...
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,...
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A part of the bauxite required for the Rio Tinto Alcan’s Yarwun site will come from Gove said the acting general manager Greg Bacon. The plant requires seven million tonnes of bauxite at present and six million of it comes from the Weipa site owned by Rio, only one million is being sourced from...
Fifteen new apprentices have picked up their tools and launched their careers in the mining sector with Rio Tinto’s Weipa bauxite operation. The recruits will develop skills in fields such as diesel fitting, fitting and turning, electrical, and boilermaking over the next three to four years to gain...
Optimism that a recovery in profits at Rio Tinto Group’s aluminium division will counter a slump in iron-ore prices and underpin increased investor returns looks misplaced. When the world’s second-largest mining company reported a 9% dip in underlying profit last month, CEO Sam Walsh touted a...
According to a recent research, the unexpected advancement in the Chinese aluminium industry has caused noticeable damage to western firms like Rio Tinto. Rio had acquired the Canadian giant Alcan in 2007 and justified the purchase by the expectation that China would soon stop producing, shutting...
The Tiwai Point almunium smelter is back to running a profitable operation, though uncertainties about its outlook have left question marks over its intrinsic value, according to majority owner Rio Tinto. The smelter "is currently profitable as a result of high regional and product premiums and...
The Odisha government has given permission to state-run Odisha Mining Corporation (OMC) to scrap the joint venture projects inked with three private sector heavyweights to go for iron ore and bauxite mining in the state. The companies are: Anglo-Australian mining major Rio Tinto, Hindalco and the...
Rio Tinto Plc said on Friday that in its latest moves to slash costs in response to weak commodity prices it was letting go its energy chief, rolling its coal and uranium businesses into two other units and cutting some other corporate jobs. Rio's coal mines in Australia will be folded into the...
Rio Tinto is streamlining its product groups and corporate functions as part of the continued focus on efficiency and costs. Under the new arrangements, Rio Tinto’s world-class portfolio of assets will be condensed into four product groups: Aluminium, Copper and Coal, Diamonds and Minerals, and...
Rio Tinto Alcan’s CEO Alfredo Barrios announced on Wednesday their plans to expand smelting capacities in Canada once the aluminium gains strength. Barrios says, since the aluminium prices have fallen since last year, the market situation is not conducive for further investment at the moment. He...
Rio Tinto has been struggling for years to recover from the $38 billion purchase that elevated it to the world's biggest aluminium company but also brought it to the verge of bankruptcy. Now signs of price improvements for aluminium and related alumina and bauxite, amid slowing supplies out of...
Rio Tinto chief executive Sam Walsh said “Last year, we made a clear commitment to materially increase cash returns to our shareholders. We have delivered this today through a 12 per cent increase in our full year dividend and a proposed $2.0 billion share buy-back. These represent a total cash...
Amir Mirchi is regional head of Rio Tinto for the Middle East and North Africa (MENA) in charge of Rio Tinto’s regional business management supporting the company’s strategic initiatives, operations, investor relations and joint venture relationship management. He has several years’ experience in...
The last of the former bauxite refinery workers on the Northern Territory's Gove Peninsula are leaving the remote town of Nhulunbuy this week. Mining giant Rio Tinto, which owns the now disused refinery, has confirmed a rent-free transition period for employees who lost their jobs at the refinery...
Rio Tinto chief executive Sam Walsh said “We have had a successful year of production, capped off with a robust fourth quarter. Output is in line with our targets across all of our major products. In a challenging market Rio Tinto remains focused on operating and commercial excellence to leverage...
An agreement signed between Rio Tinto Alcan and the Quebec government now allows Rio Tinto to extend the remaining aluminium operations the company has in Arvida in Saguenay until the end of 2020 that will save 1,000 jobs. Through the agreement, Rio Tinto Alcan will be entitled to low preferential...
Rio Tinto Alcan Iceland and Landsvirkjun have today agreed on a modified power supply agreement to better reflect the power requirements of ISAL, Rio Tinto Alcan’s aluminium plant at Straumsvik. In 2010 Landsvirkjun and Rio Tinto Alcan Iceland signed a power contract, for power delivery extending...
Rio Tinto today demonstrated how its superior portfolio of world-class operations, with industry-leading EBITDA margins and significant growth potential, are positioned to generate healthy free cash flow and shareholder returns. Citing sector-leading tier one assets, a relentless focus on financial...
Rio Tinto's once-pilloried aluminium division could soon rank as the company's second-biggest earner behind iron ore, in what chief executive Sam Walsh has described as "a remarkable turnaround". The revival of a business that was a loss-making basket case barely two years ago was showcased in...
