Rio Tinto Mining News

Rio sells one of latest coal assets in Australia for $200 million

Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.

Glencore snatches Rio’s Australian coal mine in $1.7bn deal

The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.

This Rio sale may be more than Australia can swallow: Gadfly

Rio Tinto has hired UBS AG to explore a possible initial public offering on the Australian Securities Exchange after planned trade sales came up short.

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

The Swiss attorney general’s office launched its probe in 2016, court documents show.

Rio Tinto hires UBS to explore Pacific Aluminium listing – sources

The mining group has tried to sell the division many times without success.

Ex-banker's home said to be raided in UK Rio Tinto probe

UK investigators raided home of former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group.

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Canada's Trudeau tells metal workers: 'We have your backs'

“We are ready to take action whenever action is required ... we had your backs last week and we always will,” Trudeau said after visiting a Rio Tinto smelter in Quebec.

Countries evaluate actions to offset the effects of Trump’s tariffs

Reactions continue to pour in following U.S. President Donald Trump’s imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada.

Rio Tinto's last two coal mines set to attract bids over $2.5 billion

Company made a strategic decision in 2017 to exit coal and focus on growth in iron ore, copper and its aluminum division.

Rio Tinto, former execs. once again move to have SEC case dismissed

Lawyers acting for the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott say charges brought by the SEC are 'plainly wrong.'

Global diamond supply expected to decrease this year

Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats.

Australia takes Rio Tinto to court over Mozambique coal deal

Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.

Mongolia's Oyu Tolgoi mine to lift force majeure

Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.

Norsk Hydro buys Rio Tinto aluminum assets for $345 million

The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

Rio Tinto says changing structure, moving some staff

Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Southern Copper wins auction for massive Peru copper project

Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.

Rio Tinto’s Mongolian copper worries mount

Ulaanbaatar orders Rio Tinto to build domestic power plant for $5.3 billion expansion of Oyu Tolgoi copper-gold mine.

Mining sector unloved as investors find it hard to trust

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

Rio Tinto becomes sole owner of Pistol Bay uranium assets in Canada

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.

China wealth fund said to join fray for $2bn Rio Tinto portfolio

The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.