The Business Times

Rio Tinto

Energy & Commodities

China’s mining giant Zijin tops US$100 billion in value to near BHP, Rio Tinto

The Rio Tinto Group logo outside the company's offices in Perth, Australia, on Friday, Jan. 17, 2025. Rio Tinto Group and Glencore Plc have been discussing combining their businesses, which if successful would rank as the largest-ever mining deal and create a behemoth to rival longstanding leader BHP Group. Photographer: Matt Jelonek/Bloomberg
Energy & Commodities

Iron ore hits over one-week high as Rio Tinto suspends work at Guinea mine

Rio Tinto expects to spend more than US$13 billion on iron ore mines to replace depleted ones in Western Australia in the next three years alone.
Energy & Commodities

Mining giants squeeze dividends with an eye toward funding growth

Iron ore prices eased in the first half of the year as steel production in top consumer China declined and more supply from Australia, Brazil, and South Africa came to the global market, denting Rio Tinto’s earnings from the steel-making raw material.
Energy & Commodities

Rio Tinto posts smallest first-half profit in five years

The company has faced calls from an activist investor to unify its dual listing into an Australian-domiciled holding company.
Energy & Commodities

Rio Tinto scraps plans to raise up to US$5 billion in share sale

Rio expects total losses of 13 million metric tonnes of iron ore from tropical cyclones that have hit Australia’s west coast and snarled iron ore shipments so far this year.
Energy & Commodities

Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low

Rio Tinto is the world’s second-biggest miner.
Energy & Commodities

Rio Tinto and Glencore discussed merger but talks no longer active: source

Rio would gain access to lithium mines, processing facilities and deposits across four continents to fuel decades of growth, as well as a customer base that includes Tesla, BMW and General Motors.
Energy & Commodities

Rio Tinto to become third-largest lithium producer with US$6.7 billion Arcadium buy

Any deal would require Rio to win over the Arcadium board and shareholder support.
Energy & Commodities

Rio Tinto makes approach for US$3.3 billion Arcadium Lithium

This file photo taken on February 21, 2023 shows the company logo adorning the side of the BHP global headquarters in Melbourne. Mining giant BHP reported an 86 percent slump in half-year net profit on February 20, 2024, hit by a write-down of its nickel assets and costs related to a 2015 Brazilian mining disaster. (Photo by William WEST / AFP)
International

Investors rush into Australian miners on China stimulus boost

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