Tuesday, 3 December, 2024 - 13:31
Rio Tinto wraps up Lake MacLeod sale
Leichhardt Industrial Group’s $375 million purchase of Rio Tinto’s Lake MacLeod salt project near Carnarvon has been completed.
Rio Tinto (ASX: RIO) is a global mining and metals company. Its focus is on finding, mining and processing the Earth's mineral resources.
Rio Tinto Group is a British-Australian multinational metals and mining corporation with headquarters in London, United Kingdom, and a management office in Melbourne, Australia. The company was founded in 1873. Since then, the company has grown through a long series of mergers and acquisitions to place itself among the world leaders in the production of many commodities, including aluminium, iron ore, copper, uranium, coal, and diamonds.
Rio Tinto is a dual-listed company traded on both the London Stock Exchange where it is a component of the FTSE 100 Index, and the Australian Securities Exchange where it is a component of the S&P/ASX 200 index.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
876th | Vault Minerals | -0.01% | 4.56% |
877th | Peel Mining | -0.02% | -15.8% |
878th | Rio Tinto | -0.03% | 12.12% |
879th | Aussie Broadband | -0.28% | 0% |
880th | DUG Technology | -0.59% | 0% |
Rank | Company | # | |
---|---|---|---|
1st | Rio Tinto | 17000 | |
2nd | BHP | 15000 | |
3rd | Fortescue | 12300 | |
4th | Mineral Resources | 5000 | |
5th | Roy Hill Holdings | 4525 |
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Leichhardt Industrial Group’s $375 million purchase of Rio Tinto’s Lake MacLeod salt project near Carnarvon has been completed.
Japanese giant Sumitomo Metal Mining has forked out $615m for a stake in Rio Tinto’s big Western Australian copper discovery.
An indigenous-owned Pilbara renewable energy plant has breezed through planning approval, clearing the way for the $200 million project to be green-lit.
Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.
Indonesian and Japanese investors have taken a liking to WA copper projects as Rio Tinto and BHP talk up the metal's future.
Rio Tinto will trial blending renewable diesel with traditional fuel at its Pilbara iron ore operations as an interim measure to reduce its carbon footprint.
ANALYSIS: Bauxite is hardly the world’s sexiest commodity, but recent disruptions to the aluminium supply chain have put this rust-red ore in the spotlight.
Energy infrastructure builder APA Group has laid claim to a land area larger than Perth to progress the rollout of its Pilbara renewable energy ambitions.
Mining heavyweight Rio Tinto is set to pour $2.5 billion into the expansion of its Rincon lithium project in Argentina as it builds on its battery metals portfolio.
BHP, Rio Tinto, Woodside Energy and BlueScope will partner on an electric smelter ironmaking pilot project at Kwinana, as part of the state’s green iron push.
Falling commodity prices and growing budget deficits should provide the impetus for Australia to build a green iron industry, according to the boss of Fortescue Metals.
Mining heavyweight BHP has told the market it’s been served with a class action over allegations of sexual harassment and discrimination at both its and Rio Tinto’s workplaces.
The Pilbara’s iron ore miners have been left waiting longer than expected for their emissions-busting battery electric locomotives to arrive.
WA’s largest indigenous trust has reported a huge jump in annual revenue after recording $166 million in royalty payments from Rio Tinto but this was not enough to resolve a long-running dispute.
The first biodiesel-fueled bulk carrier to make the voyage between China and the Pilbara has arrived at anchor outside the Port of Port Hedland.
Rio Tinto expects inflation and lower production from its Pilbara iron ore mines to push costs to the upper end of 2024 guidance, as it navigates the impacts of rainfall and slow approvals.
BHP has reiterated its appetite for copper after the completion of a US$4 billion deal for Toronto-listed Filo Corp, locking in a plan to pursue the metal in South America alongside Lundin Mining.
Heavy rain flooded a railcar dumper, cut off access roads, and stopped trains on Rio Tinto’s Pilbara iron ore network.
Rio Tinto will take its Pilbara arts exhibition across the seas to London for the first time to mark the 20th anniversary of the event.
Concern is growing about water use in Australia’s economic powerhouse, with another water-intensive industry on the way.
The state government will begin building another desalination plant in the Pilbara by the end of the decade to ease pressure on the region’s aquifers.
Anthony Albanese says an exemption from the US’ 25 per cent steel and aluminium import tariffs is “under consideration” by the Trump Administration, after the two leaders spoke.
WA’s freight rail network is a major bugbear for business, Deputy Premier Rita Saffioti says, as the state government begins negotiations to buy it back.
Unionisation of the Pilbara’s iron ore industry could curtail BHP’s plans to invest in new mines, according to the company’s boss, Mike Henry.
Japanese trading house Mitsui & Co will take a US$5.3 billion stake in Rio Tinto’s 6.8 billion tonne Rhodes Ridge iron ore project in the Pilbara.
Rio Tinto has foreshadowed a tightening of the purse strings in the Pilbara to account for softening revenue out of its sprawling iron ore operations.
The state’s peak resources lobby group has welcomed the federal governments new green iron funding package but urged more focus on WA as the “sensible” choice for green iron industries.
A renewable fuel trial at Rio Tinto’s iron ore operations has cut direct emissions in the Pilbara by 10 per cent over a four-week period.
A new national centre will champion unlocking of cash-flush charitable trusts and back entrepreneurism for youth in its pitch to build economic opportunities for Indigenous people.
Business News has compiled a list of the state's largest pastoral leaseholders. It is a mix of rich-listers, cattle barons, family operations, miners, and indigenous enterprises.
Rio Tinto has announced a $US1.8 billion ($A2.8 billion) investment to extend its Brockman mine in the Pilbara, after receiving the green light for the project.
The push by unions to lift their influence in the Pilbara has taken another step forward after a vote by workers at a Rio Tinto mine site.
Rio Tinto has proposed to extend its Robe Valley iron ore operations in the Pilbara, which would require clearing of up to 16,802 hectares of land.
Rio Tinto is strongly defending its dual listing as an activist shareholder attempts to push the board to follow industry peer BHP in dropping its London listing in favour of the ASX.
Iron giant Rio Tinto has upped the stakes in the bidding war for a Pilbara iron ore project backed by Rich Lister prospector Mark Creasy which sits on the miner’s doorstep.
Despite a bearish recent outlook for the iron ore sector, money is still being put on the table for WA’s biggest industry.
Rio Tinto-backed Sovereign Metals is using a capital raise to accelerate progress at its Kasiya project in Malawi.
The push by unions to gain coverage at Rio Tinto’s Paraburdoo mine has gone up a notch after the Australian Workers Union lodged an application with the Fair Work Commission.
Leading mining executives have weighed in on the Pilbara unionisation battle, with bosses at BHP and Northern Star warning industrial relations policy settings could stifle investment.
OPINION: Investors are voting with their wallets with big spending agendas in the Pilbara
With less than a month to go until the WA Mining Conference and Exhibition kicks off on 12 October, soaring registrations are proving it’s the place to meet with industry, engage with suppliers and even find a way into the mining industry.
WA Mining Conference and Exhibition kicks off today with soaring registrations proving it is the place to meet with industry, engage with suppliers and even find a way into the mining industry.
Karratha based business, PLI, has been awarded a three-year contract with Rio Tinto to service 22 mine-sites across the Pilbara.
PLI has recently competed a modular build on a remote minesite that has changed the face of site administration buildings in the Pilbara.
Adopting socially responsible practices enable businesses and individuals to contribute to a sustainable future, address social issues, and foster an inclusive society.
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