Rio Tinto to set up Juukan Gorge Foundation in attempt to heal reputation TWO YEARS ON 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 covid slowdown 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 RIO TINTO 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.
RioTinto leaves lobby group amid environmental concerns April 14, 2022 Rio Tinto has left its state mining lobby group, after raising concerns that its coal expansion policy on did not align with the Paris agreement.
Rio Tinto unveils whopping $16.8bn dividend with surging iron ore demand powering profits February 23, 2022 Rio Tinto has paid out a monster $16.8bn dividend to shareholders, the second biggest in the history of the FTSE 100.
Rio Tinto to pay out biggest-ever dividend to shareholders after achieving record earnings of £15.7bn February 23, 2022 Mining firm Rio Tinto achieved record financial results in 2021, recording a free cash flow of £13bn and underlying earnings of £15.7bn. The figures led to the company paying its biggest ever dividend to shareholders. Net cash generated from the iron ore producer’s operating activities improved 60 per cent on 2020 levels while profit after [...]