Rio Tinto reports 12% profit drop but returns more cash to investors
The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.
Latest Stories
Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million
The sale would not affect Piedmont's joint venture or offtake agreement with Sayona's business unit, Sayona Quebec.
Diamond, niobium play key role in development of quantum detection devices
Researchers have found a way to improve diamond adhesion —the bond between diamond and transition metal—using niobium.
Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse
Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.
First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles
Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.
Video: Cobre Panama mine closure investigated by Canada’s CTV News
“How a Canadian copper mine triggered an uprising in Panama” was the tagline of a W5 Investigation.
Rio Tinto inks renewable power purchase deal for Gladstone operations
Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years.
Sayona delivers Moblan lithium feasibility with $1.6 billion NPV
Annual production will be 300,000 t/y of concentrate over a 21-year life for the mine.
Anglo Asian releases initial resource estimate for Xarxar copper deposit
A majority of the MRE is in the measured and indicated category, totalling 22 million tonnes at 0.48% copper for 106,000 tonnes.
