Rio Tinto Mining News

Rio Tinto to retrofit Pilbara trucks for autonomous handling

Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia’s Pilbara iron-ore region, part of a cost-cutting program across its operations.

Indonesia, Freeport said to near new deal for Grasberg mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminium smelter

The Dunkirk plant, which the sources value at around $234.44 million, would add to the Gupta Family Group (GFG) conglomerate.

Indonesia's Freeport-Rio plan masks longer-term issues: Russell

Proposed three-way deal between the Indonesian government, Rio Tinto and Freeport to clean up ownership of Grasberg 'ignores the wider picture'.

Massive Oyu Tolgoi mine to more than double gold production in 2018

Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.

Elite collection of natural fancy colour diamonds to be showcased in Los Angeles

Visitors to the Natural History Museum of Los Angeles (NHMLA) will have a rare opportunity to see some of the world’s most coveted natural fancy color diamonds at Green Diamonds: Natural Radiance, opening on December 9, 2017.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Rio Tinto aims for "intelligent" Australian iron ore mine

This intelligent mine would cost around $2.2 billion to develop and incorporate technologies such as robotics, driverless trains and trucks on a single site.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Chile’s Escondida workers on strike to protest layoffs

Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."

Escondida to lay off 3% of its workforce

Officials for the world’s largest copper mine say they are “adjusting production processes.”

Union at Alcoa Canada aluminum smelter backs strike mandate

Collective agreement for 1,030 unionized workers expires 11:59 EST Wednesday, after workers can legally strike and Alcoa will have right to lock them out.

Canada's Wealth Minerals, Chinese firm to bid for world’s largest lithium miner

The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).

Rio Tinto's M&A madness

Some companies are good at takeovers. Rio Tinto Group isn't one of them.

Mining's $45m man eyes an earth-shattering return

Former CEO of Xstrata Plc Mick Davis, who drew criticism for remuneration well above industry norms, now on shortlist for the next chair of Rio Tinto Plc.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

Rio Tinto’s Argyle pink diamonds tender delivers record result

Company sold 58 rare pink, red and violet diamonds, a collection know as "Custodions of Rare Beauty."

Rio Tinto joins race for stake in world’s largest lithium miner

Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium.

Rio Tinto throws its weight behind Africa as mining central

Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.

Rio facing class action in the U.S. over Mozambique coal mine

The filing cited Anton Colbert of Cook County, Illinois, as lead plaintiff but his action acts in the name of “hundreds or thousands of members in the proposed class.”

Rio Tinto wants out of Grasberg now

New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

Rio opens books to over half-dozen possible suitors for Australia coal mines

If successful, the mines could fetch around $2bn and complete Rio's plan to finalise its exit from the sector and focus on iron ore, copper and aluminum.

BHP presents united front against activist Elliott

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.