Rio Tinto (RIO) is building a research and development facility in Western Australia to test the BioIron process, which is expected to aid in decarbonizing the global steel value chain.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Rio Tinto , will spend $143 million to develop a research and development facility in Western Australia to assess the effectiveness of its low-carbon iron-making process, the mining giant said on Tuesday.
Rio Tinto said on Friday it entered an agreement buy Sumitomo Chemical Co's 20.64% stake in New Zealand Aluminium Smelters (NZAS) to get full control of the country's only aluminum smelter.
Mining giants BHP and Rio Tinto (RIO) team up to test battery-powered haul trucks in Western Australia's Pilbara region.
Rio Tinto should scrap its London stock market listing and switch its primary listing to Sydney, in order to boost its share price by “nearly 40%”, an activist hedge fund has reportedly said.
An activist investor has called for Rio Tinto PLC to give up its primary London quote and therefore also its FTSE 100 listing, like rival BHP did three years ago. London-based Palliser Capital, which has built up less than a 1% stake, has argued Rio's dual Anglo-Aussie corporate structure made it difficult to pull off big acquisitions, the Financial Times reported.
An activist investor has called for Rio Tinto PLC to give up its primary London quote and therefore also its FTSE 100 listing, like rival BHP did three years ago. London-based Palliser Capital, which has built up less than a 1% stake, has argued Rio's dual Anglo-Aussie corporate structure made it difficult to pull off big acquisitions, the Financial Times reported.
A class action against Rio Tinto has been filed in a Papua New Guinea court in relation to a long-shuttered copper mine that it offloaded in 2016.
Rio Tinto has been hit with a downgrade from US bank Citi after a 27% rally over the past year has eroded its deep valuation discount. Citi adds that it still has Chinese macro concerns and despite incentive measures from the government there, there is still little support for steel demand all the property indicators are still in deep contraction.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?