Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
In a significant development in the global lithium market, Arcadium Lithium plc confirmed that it has been approached by mining giant Rio Tinto regarding a potential acquisition. The approach, which remains non-binding, is part of Rio Tinto’s bid to expand its footprint in the lithium sector amid growing demand for electric vehicle (EV) batteries and […]
Antipa Minerals Limited’s share price surged by 14% following its announcement of a A$17 million cash sale of its 32% non-controlling stake in the Citadel Joint Venture Project to its joint venture partner, Rio Tinto Exploration Pty Ltd. The deal is expected to strengthen Antipa’s cash reserves significantly, allowing the company to redirect resources into […]
In a landmark agreement, the Queensland Government and global mining giant Rio Tinto have forged a strategic partnership to ensure the long-term viability of Boyne Smelters Limited (BSL), Australia’s second-largest aluminium smelter. This move highlights a significant step in advancing Queensland’s ambitions to become a leading hub for renewable energy, while safeguarding thousands of jobs […]
Rio Tinto has unveiled its financial results for the first half of 2024, underscoring a strong performance with underlying EBITDA of $12.1 billion and an interim ordinary dividend of 177 US cents per share. These results reflect the company’s steady growth trajectory and disciplined investment approach in key projects. Key Financial Metrics from Rio Tinto’s […]
Rio Tinto, a leading global mining group, has announced a series of strategic acquisitions to consolidate its ownership in key aluminium assets, marking a significant step in its commitment to sustainability. The company has entered into agreements to acquire interests from Mitsubishi Corporation and Sumitomo Chemical Company Limited (SCC) in operations that underscore its operational […]
New Zealand Aluminium Smelters (NZAS) has successfully negotiated a series of 20-year electricity supply agreements with key providers to sustain its operations at the Tiwai Point aluminium smelter. This long-term commitment ensures a steady supply of high-purity, low-carbon aluminium, critical for the global energy transition. The contracts, involving an aggregate of 572 megawatts (MW) from […]
In an unprecedented move in the mining industry, Rio Tinto Group and BHP Group Limited are spearheading the testing of battery-electric haul truck technology in the Pilbara region of Western Australia. This collaborative effort involves global equipment manufacturers Caterpillar Inc. and Komatsu Ltd., aiming to accelerate the adoption and effectiveness of battery-operated heavy machinery in […]
In the first quarter of 2024, Rio Tinto, led by Chief Executive Jakob Stausholm, navigated significant operational challenges, yet managed to sustain stable production results. Stausholm highlighted the profound impact of a tragic plane crash in January that claimed the lives of four Diavik colleagues and two airline crew members, reinforcing the company’s commitment to […]
European Energy and global mining giant Rio Tinto have signed a Power Purchase Agreement (PPA) that stands to transform Australia’s renewable energy sector. This deal ensures the entire output of the upcoming Upper Calliope Solar Farm, poised to be Australia’s largest, will be supplied to Rio Tinto. This agreement is not only the biggest solar […]