Rio Tinto Mining News

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Rio Tinto to start building massive Koodaideri iron ore mine in 2019

First production from the Pilbara-based project, which it says it’s one of the world’s most technologically advanced, is expected in 2021.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Rio Tinto hires CFO from Danish shipper Maersk

Major miner Rio Tinto named Jacob Stausholm to replace outgoing financial boss Chris Lynch when he retires in September.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Five bodies rescued from collapsed mine in Mexico

A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.

Copper price rallies to highest since January 2014

Labour negotiations in the copper mining industry still left to resolve - including Escondida - represent about 2.6 million tonnes out of global copper supply.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

Copper price soars to 3-month high

Up nearly 4% after union at world's only 1 million tonne copper mine demands owner BHP makes biggest bonus payout ever to Chilean mineworkers.

Rio Tinto completes sale of Australian coal asset

As soon as the sale was completed, Rio received $150 million in cash and is set to get an unconditional cash payment of $50 million due in 12 months.

Indonesia's Adaro says Australia approves Kestrel coking coal mine deal

Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest in the mine.

Mongolia listing boosts investors confidence in Erdene Resource

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

As follow-up to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste at Grasberg.

Freeport’s Grasberg jujitsu move will pay off

There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out.

Rio Tinto about to offload stake in Grasberg mine for $3.5 billion

Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.

GE to merge transportation unit with Wabtec in $11.1 bln deal

The deal will add more offerings that can improve efficiency and safety to GE's customers, which include Komatsu Ltd and Rio Tinto PLC.

Rio Tinto says investors to take stance on Oyu Tolgoi as ‘test case’

Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Materials buoy Aussie shares as BHP hits highest since August 2014, NZ at record

BHP shares rose nearly 2 percent, hitting their highest in about 45 months.

Canada / U.S. big players announce world’s first carbon-free aluminum smelting process

Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.

Erdene soars as Altan Nar project in Mongolia proves larger than predicted

Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.