Rio Tinto rocked by weaker commodity prices as it reports steep downturn in profits February 22, 2023 Higher energy costs, inflation, and downward pressure on commodity prices has weighed on profits at multinational miner Rio Tinto.
Rio Tinto apologises after losing radioactive capsule in Australia January 30, 2023 Rio Tinto has lost a radioactive capsule which emits the equivalent radiation of 10 X-rays an hour - after the product fell off a truck.
Uncertainty around China’s reopening weighs on Rio Tinto’s expectations January 17, 2023 China's reopening from pandemic restrictions risks labour and supply-chain shortages, warned Anglo-Australian miner Rio Tinto.
Rio Tinto to set up Juukan Gorge Foundation in attempt to heal reputation November 28, 2022 Rio Tinto is to create a foundation to support cultural projects in Western Australia, as it seeks to heal its reputation following the fallout of the Juukan Gorge controversy. The mining giant has agreed with traditional landowners within the Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation that it will fund “major cultural and social projects”, [...]
Rio Tinto fears recession and Covid clampdowns will hit iron ore shipments October 18, 2022 Iron ore demand will be weighed down by a global slowdown in commodity markets, warned Rio Tinto.
Rio Tinto ramps up bid to control vast Mongolian copper mine August 24, 2022 Rio Tinto has made a fresh attempt to take control of the huge Oyu Tolgoi copper mine in Mongolia, after its first bid was rebuffed.
Rio Tinto completes sale of Cortez Gold Royalty for $525 million in cash August 2, 2022 Rio Tinto has completed the sale of a package of royalties, including a stake in the Cortez mine operational area to RG Royalties in a $525m deal.
Rio Tinto warns of heavy $400m hit to earnings as Covid-19 hampers production July 16, 2022 Rio Tinto has warned COVID 19-related labour shortages and rising inflation would damage its earnings in the second half of 2022.
Top UK firms set to dish out £85bn in dividends this year July 12, 2022 Shareholders in Britain's top firms are set to pocket as much as £85bn in dividends this year as boardrooms pay out excess cash to investors, new research has revealed.
Scandal-hit Rio Tinto suffers heavy drop in iron ore shipments April 20, 2022 Rio Tinto has hiked its production guidance on all fronts for this year, after wrestling with Covid-19 and its lingering controversy.