Resigning Rio CEO asserts company unity
Rio Tinto’s (NYSE, LSE, ASX: RIO) departing CEO Jakob Stausholm says he hasn’t fallen out with chairman Dominic Barton despite Reuters citing unnamed company officials to the contrary. Management and board…
Rio Tinto
Is Glencore’s $22B asset shift a prep for Rio merger?
Glencore (LSE: GLEN) has transferred almost $22 billion in foreign assets into its Australian subsidiary in a sweeping global restructuring that could lay the groundwork for a future merger with…
US Supreme Court rejects Apache appeal to block Rio Tinto’s Resolution mine
The U.S. Supreme Court declined on Tuesday to hear an appeal by the Apache Stronghold seeking to block the development of the Resolution Copper mine in Arizona. The mine is a joint…
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Fortescue delays Iron Bridge full output to 2028
Australia’s Fortescue (ASX: FMG) has pushed back full operations at its $3.9 billion Iron Bridge project to 2028, five years later than initially projected, citing continued technical challenges and the…
Friedland’s Ivanhoe Atlantic urges US to list iron ore as critical mineral
Mining billionaire Robert Friedland’s latest venture, Ivanhoe Atlantic, is reportedly lobbying the U.S. government to add high-grade iron ore to the country’s list of critical minerals. The move aims to…
Rio’s $1.7B upgrades century-old Quebec hydro dam
Rio Tinto (ASX: RIO) is investing $1.7 billion (US$1.22 billion) to modernize its Isle-Maligne hydroelectric power plant in Quebec, first commissioned in 1926, to make aluminum production more efficient. The…
Rio Tinto bets big on Lithium Triangle’s brine riches
Rio Tinto (ASX, LSE: RIO) is doubling down on lithium, with CEO Jakob Stausholm declaring that South America’s Lithium Triangle is the ideal region to secure the metal critical to…
Talon shares surge on ‘historic’ sulphide discovery
Rio Tinto (ASX: RIO)-backed Talon Metals (TSX: TLO) announced on Monday it has made a “historic” discovery at the Tamarack nickel-copper project in central Minnesota. Shares of the company hit…
Rio to ship Guinea iron ore this year; sells Winu stake
Rio Tinto (NYSE, LSE, ASX: RIO) expects to ship its first iron ore from the Simandou project in Guinea this November, Gerard Rheinberger, the company’s managing director for Simandou, told…
Rio Tinto extracts first gallium in Quebec
Rio Tinto (NYSE, LSE, ASX: RIO) has produced its first primary gallium from bauxite processed in Quebec, marking a key milestone in its partnership with Indium Corp. of central New…
Rio Tinto’s Diavik mine wins award for solar plant
Rio Tinto said its Diavik diamond mine in Canada’s Northwest Territories won an environmental award for its 3.5-megawatt solar power plant – about a year before the mine’s planned closure….