Rio Tinto News

Subscribe to enjoy similar stories. Shares of National Aluminium Company Ltd (Nalco) hit a new 52-week high of ₹227.39 on the National Stock Exchange on Tuesday, driven by rising alumina prices amid a supply shortage. The global aluminium market has been experiencing widespread disruption across the entire bauxite-alumina-aluminium supply chain.

Subscribe to enjoy similar stories. Rio Tinto is finding it difficult to stamp out sexual harassment, racism and bullying as it faces resistance and backlash from some workers to its efforts to overhaul the culture of one of the world’s biggest miners. That is a key finding of a report published on Wednesday that assessed Rio Tinto’s response to an external review in 2021 that unearthed reports of frequent bullying by managers, racist comments and sexual assault.

Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7 billion, in an agreed all-cash deal that would make it one of the world's largest lithium producers. Rio said it would pay $5.85 per share for the U.S.-based lithium miner. That represents an almost 90% premium to Arcadium's closing price of $3.08 per share on Oct. 3, the day before Reuters exclusively reported on a potential deal between the two firms. Rio would gain access to lithium mines, processing facilities and deposits in Argentina, Australia, Canada and the United States to fuel decades of growth, as well as a customer base that includes automakers Tesla, BMW and General Motors.

Six people were killed and only one person survived after a plane crashed Tuesday near Fort Smith, Northwest Territories, according to the chief coroner for the territory.

Canadian authorities say the death toll from a small plane crash in Canada's Northwest Territories is six

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Rio Tinto confirmed Tuesday night.“We have been informed by authorities that a plane on its way to our Diavik mine, carrying a number of our people, crashed near Fort Smith, Northwest Territories, Canada, resulting in fatalities,” the company said.The Northwest Territories Coroner’s Service said there were fatalities from the plane crash near the community of Fort Smith, N.W.T. It did not say how many have died or give further details, saying it must first notify next of kin.The international mining company released a statement of condolences, but did not say how many people were killed or if all were employees.“I would like to extend our deepest sympathy to the families, friends, and loved ones of those who have been affected by this tragedy.

Rio Tinto fired the former head of its aluminium division, Ivan Vella, on Wednesday with immediate effect due his “failure” to keep confidential information secret, according to the mining giant, which is investigating the fallout from the breach.

Senior Rio Tinto executives and Gina Rinehart discussed the risk that their lucrative iron ore joint venture may attract a royalty claim from another Perth mining dynasty in 2005, a court has heard.

Rio Tinto negotiated a liability agreement likely to cap its payout exposure if Gina Rinehart loses a multibillion-dollar legal battle with another of Australia’s richest women.

Fortescue Metals principal of build and test Gavin Selth says that in motorsport, everyone talks about making it on to the grid.

The Indigenous leader embroiled in a legal dispute with mining billionaire Andrew Forrest says traditional owner groups with land rights over huge tracts of minerals-rich Western Australia are in the “right place at the right time” to become major players in renewable energy.

Rio Tinto has hinted that a three-year boom in lithium prices is coming to an end, but unlike its old rival BHP, the company says predicted supply shortages will ensure strong “market fundamentals” for the battery mineral longer term.

London | A No vote in the Voice referendum could have global reputational repercussions for Australia, Rio Tinto chairman Dominic Barton has warned.

London | The scramble to find more projects intransition materials such as copper and lithium has prompted a strategic rethink at Rio Tinto, with a push into smaller mines and potentially riskier frontier locations.

The Queensland government has been urged to dump its controversial coal royalty regime after a new report showed mining investment and jobs would plummet in the Sunshine State over the next five years.

The federal government will pour billions of dollars into Western Australia’s north-west energy grid to spur a private sector transition to renewable power in the state’s mining heartland.

Kalgoorlie | Northern Star Resources has lambasted moves to privatise The Perth Mint as the WA taxpayer-owned entity is hobbled by a series of scandals and poor financial returns.

High cash levels in the exploration sector will underwrite an upbeat mood at this week’s Diggers & Dealers conference, countering concerns about a tougher environment for fundraising early-stage metals and critical minerals prospects.

Rio Tinto chief executive Jakob Stausholm says a low carbon solution for the company’s Australian aluminium assets must be found before 2030, and insisted while the fix is not within reach, he is committed to working with governments to find one.

Core Lithium’s plan to develop multiple small, adjacent mines will take longer than expected to deliver, sparking a 15 per cent slump in Australia’s second most shorted stock on Monday.