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Mining behemoths Rio Tinto and Glencore reportedly considered merger January 17, 2025 Mining giants Rio Tinto and Glencore reportedly discussed a merger last year. The two companies held discussions as late as October last year, but they didn’t progress further, as first reported by the Financial Times. A merger in full or in part of Glencore, with a market cap of £46.47bn and Rio Tinto, with £164.99bn, [...]
Rio Tinto faces renewed calls to abandon primary London listing December 4, 2024 In a letter to the board, reported by the Financial Times, Palliser Capital said Rio Tinto's dual listing in London and Sydney had been an "unmitigated failure".
Rio Tinto to buy chemical firm Arcadium Lithium in deal worth billions October 9, 2024 Rio Tinto is set to acquire the chemical producer Arcadium Lithium in a $6.7bn (£5.12bn) deal. The multinational mining behemoth announced the all-cash transaction this morning and called the acquisition of the global business a “significant step forward”. It amounts to $5.85 per share, and a premium of 90 per cent on Arcadium’s closing price [...]
FTSE 100 mining giant Rio Tinto confirms interest in Arcadium Lithium October 7, 2024 The approach comes after a sharp fall in global lithium prices, partly as a result of the economic slowdown in China and sagging demand for EVs.
Nick Ephgrave marks one year at Serious Fraud Office. How has he fared as director? September 25, 2024 A former law enforcer was appointed as the director of the Serious Fraud Office one year ago. So how has Nick Ephgrave first year gone at the anti-fraud agency?
London dividend payouts slow as mining gravy train runs out of steam September 10, 2024 London investors were left short-changed in the second quarter of the year as miners reined in dividends after years of blockbuster payouts, according to new research. Firms like Glencore and Rio Tinto have formed the bulk of payouts in the City in recent years as swinging commodity prices pushed up profits in the sector. However, [...]
Rio Tinto chief rejects calls to drop London Stock Exchange listing to focus on Australia July 31, 2024 The world's second biggest miner holds a dual-listing on the London and Sydney Stock Exchanges, but has faced calls from investors to prioritise Australia.
Rio Tinto profit edges higher as miner eyes copper takeover July 31, 2024 Rio Tinto's profit edged up 1.8 per cent during the first half of the year, as the miner has begun to eye a takeover in the copper space.
Analysts: A mining takeover boom could be around the corner July 12, 2024 Rising demand for raw materials coupled with a meagre new supply could spur a mining takeover boom, according to analysts.
Baillie Gifford-run trust ditches £20m Rio Tinto stake over ESG concerns July 3, 2024 An investment trust run by Scottish asset manager Baillie Gifford has ditched its £20m stake in Rio Tinto, calling out the mining giant for inadequate ESG practices.