Rio Tinto Plc Sponsored ADR (RIO)
Rio Tinto welcomes Serbia's reinstatement of Jadar lithium project licence
Mining group Rio Tinto , welcomed on Tuesday a Serbian government statement that it would reinstate a spatial plan licence for its Jadar project, a first step towards resuming development of Europe's biggest lithium mine
Rio Tinto hails final green light for $12bn Guinea iron ore project
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) said the final green lights have been given for the $11.6 billion development of the Simandou high-grade iron ore deposit in Guinea. First production from the Simfer mine is expected in 2025, ramping up over 30 months to an annualised capacity of 60 million tonnes per year, with Rio's share to be 27 million tonnes a year.
Rio Tinto shuts iron ore mine in eastern Canada amid wildfires
Rio Tinto on Monday said it has initiated a "coordinated shutdown" at the Iron Ore Company of Canada in Newfoundland and Labrador in response to an evacuation order issued by the local government over wildfires.
Rio Tinto should drop lithium plans and buy instead, Citi argues
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) should abandon plans to develop the Jadar lithium project in Serbia and instead buy Aussie-listed Arcadium (LTM), or so believes Citi. The US bank had previously noted that Arcadium was trading well below replacement value, which might make it a more economical option than its own plans.
Australia's Rio Tinto to pursue development of solar farm for WA iron ore ops
Australia's Rio Tinto said on Monday it has agreed to develop an 80 megawatt (MW) solar farm to facilitate the supply of renewable energy to its operations in Western Australia's Pilbara region.
Rio Tinto (RIO) Builds Solar Power Plant at Diavik Mine
Rio Tinto (RIO) builds a solar power plant that will power its Diavik Diamond Mine in Canada and help cut down annual diesel consumption at the mine by 1 million liters per year.
Rio Tinto seeks to prevent strike at Mongolian copper mine
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) has entered negotiations to prevent a strike at its Oyu Tolgoi copper mine in Mongolia. The potential strike is due to a dispute over worker salaries and benefits.
Rio Tinto (RIO) Invests $179M in Carbon-Free Aluminum JV
Rio Tinto (RIO) is set to deploy carbon-free aluminum smelting cells using the first ELYSIS license at its smelter in Canada, a significant step in its efforts to decarbonize its aluminum operations.
Rio Tinto in talks to avert strike at Mongolian copper mine
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.
Serbia's green activists rally against Rio Tinto lithium project
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: Attractive Dividend Play, If You Accept Certain Short-Term Risks
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 Continues To Support The Energy Transition
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.
