Browsing Tag
Rio Tinto
80 posts
Rincon lithium project: US$2.5bn cost, 60,000tpa capacity, DLE technology and 2028 production timeline
Rio Tinto’s Rincon lithium project in Argentina is advancing through full-scale construction after securing environmental approval and US$1.175 billion of external financing. The Salta development combines a 3,000-tonne starter plant with a 57,000-tonne expansion and is targeting first production from the commercial-scale plant in 2028.
Rio Tinto targets US$5bn capital release as copper and iron ore output strengthens
Rio Tinto has reported stronger third-quarter iron ore sales, continued copper growth at Oyu Tolgoi and more than US$2 billion in announced capital-release initiatives, while maintaining its 2026 production guidance.
Amazon’s Ohio data centre to use Prysmian cables made with Rio Tinto ELYSIS aluminium
Prysmian will supply an Amazon data centre in Ohio with electrical cables made using Rio Tinto aluminium produced through ELYSIS inert-anode technology. The project is small in disclosed financial terms, but strategically important as hyperscalers begin to scrutinise the emissions embedded in the materials used to build their infrastructure.
Vysarn (ASX: VYS) closes A$60m Welltech acquisition as EPS accretion target hits 37%
Vysarn has completed its acquisition of Welltech, adding a water and sewerage-management business serving civil, utility, government and resources customers. The transaction is expected to be more than 37% EPS accretive on a pro forma FY26 basis, although the separate NewGround acquisition has been delayed.
Mining’s biggest trucks no longer need drivers, and the economics are starting to show
Autonomous haul trucks are already moving billions of tonnes of iron ore, gold and other materials across some of the world’s largest mines. Rio Tinto, BHP and Fortescue have pushed driverless haulage into large-scale commercial operations, while Komatsu has commissioned its 1,000th ultra-class autonomous truck. The next disruption is moving beyond removing drivers as fleet-management software begins coordinating traffic, equipment utilisation, maintenance and, increasingly, the energy needed to run battery-electric mining fleets.
Simandou Iron Ore Project: Guinea’s 120Mtpa export system ramps up in 2026
The Simandou Iron Ore Project in southeast Guinea is a high-grade iron ore, railway and port development led by SimFer, WCS, Rio Tinto, Chinalco, Baowu and the Government of Guinea, with shared rail and port infrastructure designed to export up to 120 million tonnes per year from the SimFer and WCS concessions combined.
Rio Tinto and WA Government agree A$1.1bn Dampier desal sale to Yindjibarndi
Rio Tinto (ASX: RIO) will divest its A$1.1bn Pilbara desalination stake to Yindjibarndi WaterCo, retaining water supply days before its 29 July results.
Bradda Head Lithium (AIM: BHL) fundraise targets early 2027 production decision
Bradda Head Lithium has raised ÂŁ2.12 million and agreed to convert US$1.87 million of shareholder-backed loans into equity as it prepares drilling at Whistlejacket and San Domingo. The financing removes near-term debt pressure and funds key Arizona programmes, but existing shareholders face material dilution while the company remains several technical and financing stages away from production.
How Newmont’s executive overhaul could influence costs, projects and shareholder returns
Newmont’s coordinated appointment of a chief financial officer, chief operating officer and chief technical officer signals a tighter focus on mine performance, project discipline and shareholder returns under Natascha Viljoen.
Brazilian Rare Earths (ASX: BRE) builds toward Q3 pilot plant commissioning as Monte Alto trial mining licence sets up the next leg
China controls rare earth supply. The Pentagon set a NdPr floor at US$110/kg. Brazilian Rare Earths (ASX: BRE) sits in the middle, with a pilot plant due Q3 2026.