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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The leading Australian engineering group, Monadelphous, has announced receiving new contracts and extensions valued at approximately A$160 million (US$106.99 million). The company has secured two one-year extensions for fixed plant maintenance services and sustaining capital projects across Rio...
Rio Tinto, a leading global mining group, has announced its production and operational results for the third quarter of 2024 ended September 30. Overall, the company has achieved many new milestones across its operations, including a surge in bauxite production. Overview of bauxite production The...
Rio Tinto has reportedly signed a contract with Arcadium Lithium plc, agreeing to acquire the latter for US$5.85 per share in an all-cash transaction. This acquisition will bring Arcadium’s world-class lithium business into Rio Tinto’s portfolio, expanding it from aluminium, copper, and iron ore to...
On Monday, September 30, Rio Tinto announced the completion of acquiring another 11.65 per cent interest in Mitsubishi Corporation-owned Boyne Smelters Limited (BSL). The latter owns and operates Boyne Island aluminium smelter in Gladstone, Australia. Following the latest acquisition, Rio Tinto...
Rio Tinto is hosting a site visit for the financial community this week to its Aluminium and Iron & Titanium operations in Quebec, Canada. The visit will showcase the world-class, hydro-powered aluminium smelters in the Saguenay, including the Shipshaw Power Station and construction progress at the...
The global mining and metal giant Rio Tinto has announced plans to develop Pongamia seed farms in Australia as part of a new biofuels pilot project to produce renewable diesel. The project will explore the potential of Pongamia seed oil as a feedstock for renewable diesel. This promising and...
Rio Tinto Gove, Australia's leading alumina extraction facility, has significantly enhanced its process efficiency and safety protocols by adopting Rhosonics' Slurry Density Meter (SDM) technology. This cutting-edge solution replaces traditional radioactive density meters, offering a safer, more...
Komatsu has delivered its 300 th autonomous haulage system (AHS) truck to the global mining giant, Rio Tinto's Pilbara operations in Western Australia, marking an important milestone for mining automation. This achievement marks the continuation of a long-standing partnership between the two...
The Queensland Government and Rio Tinto have partnered to promote renewable energy development in a significant move to protect heavy industry manufacturing around Gladstone. This agreement marks a critical step toward ensuring the long-term viability of Boyne Smelters Limited (BSL), Australia's...
The first half of 2024 witnessed significant developments in the Chinese aluminium industry, reflecting a blend of challenges, strategic shifts and growth. As a result, China's economic condition also witnessed significant changes during the H1 2024, owing to reasons like the demand production gap,...
Marubeni has finalised the sale of Rio Tinto's low-carbon aluminium billets to Fuji Light Metal and FUJISASH Co., Ltd. (collectively known as the "Fujisash Group") as part of a strategic collaboration with the global mining group Rio Tinto. This marks the first sale of RenewAl™ low-carbon aluminium...
The global mining and metal giant Rio Tinto has demonstrated impressive performance in aluminium and copper, compensating for declining iron ore earnings and increased labour costs in Australia. For the six months ending June 30, the company reported a profit after tax (PAT) of $US5.8 billion...
Rio Tinto and Aymium have formed a new joint venture named Évolys Québec Inc. to manufacture a renewable metallurgical biocarbon product to reduce carbon emissions in large scale industrial processes. This biocarbon, sourced from biomass residues, offers an alternative for anthracite currently used...
The Tiwai Point Aluminium Smelter, owned by Rio Tinto and the Sumitomo Group, has decided to reduce its power consumption by 185 megawatts, which is about 4 per cent of the country's energy usage. According to a report, the Tiwai Point Aluminium Smelter's decision is based on historically low hydro...
According to a Reuters update, some Japanese aluminium buyers have agreed to pay a 45 per cent higher shipment premium than previously agreed for the July-September quarter. In early July, some Japanese aluminium buyers agreed to pay only $118-119 per tonne of premium for the third quarter’s...
On July 16, 2024, Rio Tinto announced its second-quarter production results, indicating growth in its aluminium and bauxite operations. According to Rio's quarterly report, aluminium production in Q2 stood at 824,000 tonnes, experiencing a 1 per cent growth Y-o-Y, owing to stable performance at all...
The world's leading mining company, Rio Tinto, has announced the construction of two 5.25MW solar farms in Gumatj and Rirratjingu, a traditional country in the Gove Peninsula, Northern Territory. This is a significant step towards securing a sustainable power supply. The Gumatj and Rirratjingu,...
China achieved a record-high production of primary aluminium, reaching 3.65 million tonnes in May 2024, comparable to output levels seen in August and September of the previous year. This surge is bolstered by the restarting of smelters in Yunnan after a prolonged shutdown, promising an annual...
