Rio Tinto-backed lithium tech startup set to raise second round of funds
A lithium technology startup backed by Rio Tinto , expects to finalise a funding round in the next week to raise A$29 million ($19 million), even as the global lithium market struggles, its Melbourne-based CEO told Reuters.
Rio Tinto sees more bullying and rape allegations despite drive to improve cutlure
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) has seen more reported instances of bullying and an increase in rape allegations despite efforts to improve its workplace culture. The miner, which launched an initiative to change its culture two years ago said while there have been improvements in some areas others had deteriorated further.
Rio Tinto will struggle to hit 2025 mine open deadline, investment bank says
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) SimFer mine in Simandou, Guinea, appears increasingly unlikely to meet its 2025 first production target, according to satellite image analysis by experts at UBS. The ambitious project, which includes a mine, a 630-kilometre railway, and a port, is facing growing risks of delays due to incomplete construction, a recent fatality, extreme rainfall, and political uncertainty in Guinea.
Rio Tinto gets bump as China adjusts export rebates
Bulk miners were early risers Monday as China removed the entire tax rebate (13%) for copper and aluminium semi-finished exports. US miner Citi noted that this decision on Friday caused LME aluminium prices to surge by over 7%.
Wall Street Analysts Think Rio Tinto (RIO) Is a Good Investment: Is It?
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?
TNR Gold chairman discusses Rio Tinto backing for Los Azules - ICYMI
TNR Gold executive chairman Kirill Klip joined Steve Darling from Proactive to discuss recent updates from McEwen Mining regarding the Los Azules copper, gold and silver project in San Juan, Argentina, on which TNR holds a 0.4% net smelter returns royalty. Proactive: Welcome back to our Proactive newsroom.
Rio Tinto bets big on long-term lithium demand with Arcadium acquisition
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium. Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price.
Rio Tinto's Arcadium Acquisition An Intelligent Move
Rio Tinto's $6.7 billion acquisition of Arcadium Lithium positions it as a major player in the growing lithium market, despite current low prices. The company continues to perform well, with strong earnings and a high FCF yield, supporting a comfortably affordable dividend of over 4%. Rio Tinto's growth projects, including Simandou and Pilbara Iron Ore, promise substantial future revenue and production increases.
Rio Tinto Group (RIO) CEO Jakob Stausholm Hosts Acquisition of Arcadium Lithium Conference (Transcript)
Rio Tinto Group (NYSE:RIO ) Acquisition of Arcadium Lithium Conference October 9, 2024 4:30 AM ET Company Participants Jakob Stausholm - Chief Executive Paul Graves - CEO, Arcadium Lithium Conference Call Participants Liam Fitzpatrick - Deutsche Bank AG Alain Gabriel - Morgan Stanley Kaan Peker - RBC Capital Markets Robert Stein - Macquarie Research Glyn Lawcock - Barrenjoey Markets Pty Limited Ephrem Ravi - Citigroup Inc. Patrick Mann - BofA Securities Richard Hatch - Berenberg Mitch Ryan - Jefferies Operator Jakob Stausholm Good morning to everyone in the UK and good evening to those of you joining from Australia. Thank you for tuning in.
Rio Tinto's $6.7 billion lithium deal could usher consolidation in key industry for EVs
“Mega miner” Rio Tinto is shaking up the industry at a time lithium prices have dropped more than 60%.
Mining Stock Extends Slump After Big Purchase
Rio Tinto plc ADR (NYSE:RIO) is getting into the lithium market.
Rio Tinto to acquire US lithium producer Arcadium in a $6.7 billion deal
Rio Tinto, the world's second-largest miner, has announced its acquisition of US-based Arcadium Lithium for $6.7 billion. The all-cash transaction values Arcadium at $5.85 per share, reflecting a 90% premium on its closing price of $3.08 on Oct. 4.
