Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.
Rio Tinto Mining News
Lawsuit against ex-CEO Tom Albanese, CFO Guy Elliott centers on $3.7 billion acquisition of Mozambique coal assets in 2011 later sold for just $50m.
Rio Tinto production of refined copper at the Utah-based division has been halted since Oct. 8 after a worker was exposed to sulfur dioxide gases at the plant. The employee died two days later.
Delayed ramp-up at Escondida, mine sequencing at Kennecott.
The largest collection of exquisite fancy coloured diamonds and diamond jewellery ever publicly exhibited in the Southern Hemisphere is being showcased across Australia by iconic Australian jeweller Linneys.
Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.
Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.
Australia’s Department of Industry, Innovation and Science sees iron ore prices averaging $50 a tonne next year, and dropping to $49 a tonne in 2019.
Plans to reopen one of the world's biggest copper mines, shut by a civil war on the Pacific Island of Bougainville in 1989, have run into trouble.
Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.
The new standard was announced Sept. 21 and will provide employees with job security, 18 weeks' leave for primary caregivers, and more.
Figure represents about a third of the country's iron ore mines currently in operations.
Iron ore miner says it has the ability to expand its production capacity beyond the 55 million tonnes it has targeted.
Key says two of the biggest advantages of flying drones at Kennecott are safety and maintenance.
The commodity has fallen every week so far in September.
Brings the total to $4 billion for the year.
He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.
Rio Tinto’s iconic Argyle Pink Diamonds Tender is being showcased to connoisseurs and collectors from across Asia in Hong Kong.
Is the industrial metals and steelmaking raw materials rally at en end?
Silvergrass adds 10 million tonnes of iron ore to the market as price stabilizes in the mid-$70s.
Rio Tinto today unveiled the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender during its Australian preview.
Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.
Prices for the steelmaking material have increased almost 50% since its 2017 lows.
Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.
Former rival bidder Glencore will subscribe to $300 million worth of the rights offer.