Global miner Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an earlier strike in May.
Scores of people in western Serbia's town of Loznica rallied on Friday to protest the contested Rio Tinto lithium project in the Balkan country, fearing its development will damage the environment.
Rio Tinto is among the most attractive high dividend plays in the basic materials sector with a current yield of 6.6%. From an operation point of view, there are no immediate risks for the dividend as management steers the business in the right direction. The main risks for the dividend are related to external macroeconomic factors which are slowly being negated.
Rio Tinto Group is a large mining corporation with a market capitalization of over $100 billion, susceptible to changes in ore prices but generating strong cash flow. Despite facing changing demand and market conditions, Rio Tinto continues to focus on strong financial performance and resilient results, paying high dividends to shareholders. The company is investing heavily in growth projects like Oyu Tolgoi and Simandou to support continued earnings growth and drive strong shareholder returns in a volatile cycle.
Rio Tinto (RIO) is set to acquire Mitsubishi's 11.65% interest in Boyne Smelters, taking its interest in the venture to 73.5%.
Deutsche Bank has raised its target for shares in Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)to 6,200p a share from 6,000p following the steep rise in the price of copper. It pointed out the red metal reached the bank's previous year-end target of $10,000 per tonne, reflecting improving global growth "and a surge in speculative flows against a backdrop of structurally tight supply".
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.