Tuesday, 19 January, 2021 - 11:00
Rio delays Winu production by a year
Rio Tinto has pushed back the start date for its Winu copper-gold operations in the Pilbara while projecting an increase in iron ore production.
Jakob Stausholm joined Rio Tinto in September 2018 as executive director and chief financial officer, and became chief executive on January 2021.
Prior to Rio Tinto, Mr Stausholm was the chief strategy, finance and transformation officer of Maersk Group; group chief financial officer of the global facility service provider ISS; and spent 19 years at Shell across Europe, Latin America and Asia-Pacific where he was vice president of finance for Asia Pacific and chief internal auditor.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
876th | Vault Minerals">Vault Minerals | -0.01% | 4.56% |
877th | Peel Mining">Peel Mining | -0.02% | -15.8% |
878th | Rio Tinto">Rio Tinto | -0.03% | 12.12% |
879th | Aussie Broadband">Aussie Broadband | -0.28% | 0% |
880th | DUG Technology">DUG Technology | -0.59% | 0% |
![]() |
NEWS: Tagged in Rio tightens belt on Pilbara mines | 20 Feb 2025 |
![]() |
NEWS: Tagged in Rio Tinto culture a work in progress | 20 Nov 2024 |
![]() |
NEWS: Tagged in Rio output down, Guinea workforce grows | 16 Oct 2024 |
![]() |
NEWS: Tagged in Rio Tinto buys Arcadium Lithium | 09 Oct 2024 |
![]() |
NEWS: Tagged in Rio posts lower iron ore production, shipments | 17 Apr 2024 |
![]() |
NEWS: Tagged in Rio Tinto posts lower profit | 21 Feb 2024 |
![]() |
NEWS: Tagged in Rio to invest $9.5bn in African mine | 06 Dec 2023 |
![]() |
NEWS: Tagged in Rio dented by lower commodity prices | 26 Jul 2023 |
![]() |
NEWS: Tagged in Rio announces recycled aluminium JV | 24 Jul 2023 |
![]() |
NEWS: Tagged in Rio positive on ore shipments | 19 Jul 2023 |
Rio Tinto has pushed back the start date for its Winu copper-gold operations in the Pilbara while projecting an increase in iron ore production.
Simon Trott has been appointed iron ore chief executive at Rio Tinto, as part of a shake-up that leaves its management team weighted heavily in favour of its head office in London.
Rio Tinto has hired indigenous community leader Wayne Bergmann to help improve relations with traditional owners as it continues to grapple with fallout from the Juukan Gorge controversy.
Mining giant Rio Tinto has posted a 20 per cent jump in annual underlying earnings and declared a bumper dividend as it reaped the benefits of sustained high iron ore prices.
Rio Tinto chairman Simon Thompson will not seek re-election at the company’s AGM next year after taking full responsibility over the destruction of ancient rock caves in the Pilbara.
Rio Tinto has predicted its new approach to Aboriginal heritage will fundamentally change the way it runs its mining operations.
Rio Tinto plans to recruit more resident Australians and people with mining expertise onto its board of directors but is unlikely to shift its London head office.
Rio Tinto has committed to developing a project in Serbia that it expects will be the biggest lithium supplier in Europe for 15 years.
Rio Tinto will return $US9.1 billion in dividends after recording its most profitable six months on the back of surging iron ore prices.
Rio Tinto has scrapped its planned indigenous advisory group, deciding instead to establish a broader advisory body with an expanded remit covering all Australian communities.
Iron ore production at Rio Tinto’s Pilbara operations dropped by four per cent over the September quarter as the resources giant continued to feel the pinch of a strained labour market in the state.
A parliamentary inquiry reviewing the Juukan Gorge controversy recommends the federal government take responsibility for Aboriginal heritage and pushes for changes to WA legislation.
Rio Tinto plans a huge investment in wind and solar power to help reduce its direct and indirect carbon emissions by 50 per cent by 2030, more than triple its previous target.
Canadian Ambassador to China and McKinsey & Company mainstay Dominic Barton will take over as chair of Rio Tinto from May 2022, as the company navigates a post-Juukan Gorge era.
Rio Tinto has signed a deal to buy the Rincon lithium project in Argentina for $US825 million ($A1.2 billion) as majors eye a supply crunch later this decade.
After two years of negotiations, Rio Tinto and the Mongolian government have concluded a $3.3 billion debt waiver deal to allow the miner to establish one of the world’s largest copper mines.
A report commissioned by Rio Tinto has found widespread bullying, sexual harassment and racism across its global workforce, with the miner pledging to make lasting change.
Rio Tinto will shell out its highest dividend ever after delivering a record $US21.1 billion ($A29bn) profit for 2021.
Approval from the Foreign Investment Review Board means Rio can finalise its $825 million Rincon project buy, while Crown moves ahead with a proposed $8.9 billion Blackstone deal.
“Challenging as expected,” is how Rio Tinto chief executive Jakob Stausholm chose to describe production during the mining giant’s first three months of 2022.
Nearly two years on since the destruction at Juukan Gorge, Rio boss Jakob Stausholm has told shareholders that the miner is focused on resetting relationships.
Rio Tinto has reported a fall in interim earnings from last year’s record levels after being hit by the decline in iron ore prices and rising costs.
Rio Tinto and Wright Prospecting have paved the way for development of a major new, high-grade iron ore mine that will be pivotal to the future of both companies.
Rio Tinto’s iron ore production costs were higher than expected while production volumes remained within guidelines, according to the mining giant’s fourth quarter results.
Russian oligarch Oleg Deripaska, who is banned from Australia, is taking legal action against the foreign affairs minister with help from Perth-based representation.
Sky-high fuel and inflationary costs took a $US2.63 billion chunk out of Rio Tinto’s underlying earnings for 2022 against a backdrop of weaker commodity prices.
Rio Tinto has reported record first-quarter iron ore shipments as it continues to benefit from strong commodity prices, while China’s iron ore imports are at record levels.
Rio Tinto chief executive officer Jakob Stausholm has indicated the Simandou project in Guinea might not be such a big threat to Western Australia’s iron ore industry after all.
Rio Tinto chief executive Jakob Stausholm has spoken candidly about the miner’s pledge to reduce emissions, saying in hindsight he regrets setting a target for as soon as 2025.
Rio Tinto has reported strong Pilbara iron ore production and upped its annual guidance while also disclosing a doubling in its spend on evaluation of projects in other sectors.
Rio Tinto has entered a joint venture agreement with North American company Giampaolo Group to manufacture and market recycled aluminium products.
Rio Tinto has reported a big fall in interim earnings and dividends from last year’s highs, though its core Pilbara iron ore business fared better than other operations.
Mining giant Rio Tinto says it remains on track to hit the upper half of its original forecast for 2023 iron ore shipments.
Rio Tinto plans to ramp up spending on iron ore, notably at the giant Simandou project in Africa, but has scaled back its investment in decarbonisation.
Rio Tinto’s iron ore business delivered a stronger profit last year but was an exception, with lower commodity prices and higher operating costs battering every other business unit.The global miner has reported a 19 per cent fall in net profit to $US10.1 billion.
Mining major Rio Tinto has recorded a slight drop in Pilbara iron ore shipments and production citing weather disruptions but has stuck by guidance forecasts.
Rio Tinto is boasting the world’s largest lithium resource base and major growth options after striking a counter-cyclical $US6.7 billion ($A9.9 billion) deal to buy Arcadium Lithium.
Pilbara ore shipments have remained comparable to 2023, while progress at Simandou has boosted Rio Tinto's Guinea workforce.
Rio Tinto has published the findings of its workplace culture review, which showed staff still experienced unacceptable and harmful behaviours.
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.
Access to our data for Jakob Stausholm is only available to paid subscribers with Data & Insights access.
Data & Insights is Western Australia's most accurate and comprehensive business listings and searchable database.
Jakob Stausholm is linked to 3 organisations which are included in 2 lists - Public Companies - non WA and Exporters.
To see the data you will need to Subscribe.