Search team finds Rio Tinto’s radioactive capsule lost in Australia

Mining News Pro - The capsule was recovered after a nearly week-long search involving around 100 people along a 1,400 kilometres (870 miles) stretch of highway, officials said.

Rio Tinto hunts for lithium deals, eyes Jadar revival

Mining News Pro - The company had to shelve its proposed $2.4 billion Jadar lithium mine in Serbia early this year after the government revoked the project’s licences.

Rio Tinto plays chancy round of Mongolian roulette

Mining News Pro - Given the buyout mess, Stausholm may regret not opting for a rights issue at the onset. It was always apparent Pentwater might have Rio over a barrel. The battle has damaged Rio’s board. With minimal net debt, the miner had enough cash to buy more Turquoise Hill equity.

Environmental and human rights assessment of Rio Tinto’s former Panguna copper mine begins

Mining News Pro -The Panguna mine was operated by BCL, majority-owned by Rio Tinto, for 17 years from 1972 until 1989, when operations were suspended due to an uprising against the mine and subsequent civil war. A peace agreement was signed in 2001.

Rio Tinto-Turquoise Hill takeover vote set for December 9

Mining News Pro - The meeting has been repeatedly delayed because of the opposition of key minority shareholders in Turquoise Hill, mainly US-based fund managers.

Rio Tinto launches long-awaited Gudai-Darri mine

Mining News Pro - Nnamdi Anyadike asks if the first ore delivery from Rio Tinto’s Gudai-Darri iron mine could launch a new phase of automated mining at its sites across Western Australia.

Rio Tinto’s long-awaited deal comeback is stuck in limbo

Mining News Pro - Mining giant Rio Tinto Group is finding that its long-awaited return to cutting a major deal without the brash spending of its past is proving a challenge.

Turquoise Hill further delays shareholder meet on $3.3 billion Rio Tinto buyout

Mining News Pro - The meeting to approve Rio Tinto acquiring 49% of shares of Turquoise Hill that it does not own for $3.3 billion, initially scheduled for Nov. 1, was postponed to Nov. 8, and has now been pushed back to Nov. 15.

Rio Tinto reiterates $3.3bn offer for Turquoise Hill after ISS recommends against deal

Mining News Pro - In a letter addressed to Turquoise Hill shareholders, Rio Tinto said ISS’s final conclusion is based on “flawed logic”.

Turquoise Hill’s fifth largest investor to reject Rio Tinto’s takeover bid

Mining News Pro - Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources said on Friday it will vote against Rio Tinto’s intended $3.3 billion takeover of the Canadian miner, in a shareholder meeting on Nov. 1.

Rio Tinto ousts Australian uranium unit directors over contentious report

Mining News Pro - Rio Tinto on Monday ousted the chairman and two other board directors at its uranium unit, a key victory in a dispute over potential mining in Australia’s Kakadu national park that had threatened its efforts to rebuild ties with indigenous groups.

Rio Tinto, China Baowu to develop Australian iron ore project for $2bn

Mining News Pro - Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region.

Rio Tinto and Turquoise Hill get serious, ink binding takeover deal

Mining News Pro - Rio Tinto has inked a definitive arrangement with Turquoise Hill Resources to buy the 49% of the Canadian miner it doesn’t already own for $3.3 billion.

Rio Tinto CEO meets top executives at new Chinese ore-buying company

Mining News Pro - The chief executive of global mining firm Rio Tinto has met with top executives at the new Chinese state-owned agency created with an aim of centralizing the country’s iron ore purchases.

Turquoise Hill minority shareholder ‘not interested’ in Rio Tinto’s $3.3bn offer

Mining News Pro - A minority shareholder of Turquoise Hill Resources Ltd said on Friday it does not support Rio Tinto’s latest sweetened offer to buy the rest of the Canadian miner for $3.3 billion.

McEwen lands Rio Tinto venture for Argentina-focused copper unit

Mining News Pro - Canadian mining entrepreneur Rob McEwen landed a big fish for his new copper unit, with a Rio Tinto Group venture set to take an almost 10% stake for $25 million as major producers line up new deposits to meet demand growth.

Rio Tinto to pay $3.3 billion for full Turquoise Hill ownership

Mining News Pro - Rio Tinto has reached an in-principle deal with Turquoise Hill to buy the 49% of the Canadian miner it doesn’t already own for $3.3 billion.

Turquoise Hill rejects Rio Tinto’s $2.7 billion takeover offer

Mining News Pro - Canada’s Turquoise Hill Resources has rejected majority shareholder Rio Tinto’s bid to buy the 49% stake it doesn’t already own in the company for $2.7 billion, saying it did not reflect its full and fair value.

Rio Tinto attracts several proposals to build 4 GW of wind

Mining News Pro - Global miner Rio Tinto has received several offers to build 4 gigawatts (GW) of wind and solar farms to power its alumina and aluminum operations in Australia’s Queensland state, the company’s Australia head said on Friday.

Rio Tinto slashes dividend as profits take a hit; shares tumble

Mining News Pro - Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday, as weaker iron ore prices due to cooling demand from top consumer China, higher costs and labour shortages hurt the global miner.

Rio Tinto inks deal to unlock huge Simandou iron ore project

Mining News Pro - Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit.

Rio Tinto, Fortescue record profits near end on price view

Mining News Pro - Australian iron ore miners Rio Tinto and Fortescue Metals Group Ltd are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labour market.

Rio Tinto, Fortescue record profits near end on price view

Mining News Pro - Australian iron-ore miners Rio Tinto and Fortescue Metals Group are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labor market.

Rio Tinto, Ford to develop battery, low-carbon materials supply chain

Mining News Pro - Rio Tinto and Ford Motor Company have signed a non-binding global memorandum of understanding (MOU) to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles.

Rio Tinto faces labour crunch in Western Australia

Mining News Pro - Rio Tinto on Friday warned that covid-19-related labour shortages in the resource-rich state of Western Australia and rising inflation would impact its underlying earnings in the second half, knocking its stock lower.

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