Rio Tinto, diversified miner, and Aluminium head Jérôme Pécresse will combine the group’s lithium business with aluminium to form a new Aluminium & Lithium product group, as part of a restructuring that leaves three core lines: Aluminium & Lithium, Copper and Iron Ore. The shake-up, unveiled days after Simon Trott became CEO, also moves borates...
READ MORERio Tinto, diversified miner, and BHP, diversified miner, have had a planned federal land transfer for their Resolution Copper project in Arizona paused by a U.S. appeals court, prompting public criticism from President Donald Trump. The San Francisco-based Ninth Circuit issued a temporary stay of the transfer while it considers arguments from the San Carlos...
READ MORERio Tinto, diversified miner, is assessing options for its titanium business after a prolonged price downturn and lower returns, according to people familiar with the process, as Simon Trott, iron ore chief, prepares to take over as chief executive on 25 August. The titanium operation sits in Rio’s Minerals division, which reported underlying EBITDA of...
READ MORERio Tinto, diversified mining group, has absorbed about $300 million in extra costs since March after the United States lifted import duties on Canadian aluminium to 50 per cent, a move the company says only partly offset by a surge in U.S. Midwest premiums for the metal. Tariff Impact on Rio’s Aluminium Flows The...
READ MOREAterian, a London-listed critical-minerals explorer, and Rio Tinto, the world’s second-largest miner, have reported high-grade lithium hits at their Kinunga joint-venture project in Rwanda, including 3.2 % Li over 3.5 m and 2.1 % Li over 6.9 m. The results, from the first two of 12 planned targets, prompted Rio Tinto to exercise a Stage-1...
READ MOREThe United Kingdom’s lithium carbonate market is positioned for gradual recovery following two consecutive years of declining consumption, with industry forecasts projecting growth to 1,300 tonnes and $16 million by 2035. This modest expansion occurs within a broader global context of supply chain restructuring and technological innovation, highlighted by Rio Tinto’s $2.5 billion investment in...
READ MORERio Tinto, a British-Australian multinational and the world’s second-largest metals and mining corporation, has signed a nonbinding memorandum of understanding with Reed Advanced Materials, an Australian lithium technology developer, to validate the ELi Process that could reduce processing costs for converting lithium brines into battery-grade chemicals. The collaboration builds on successful pilot trials conducted at...
READ MORECymat Technologies, a Canadian manufacturer of stabilized aluminum foam founded in 2006, and Rio Tinto Alcan, a major global aluminum producer and the sole major supplier of proprietary metal matrix composites, have entered into a letter of intent for the acquisition of MMC technology and customer relationships. The transaction positions Cymat to capture $7.5-10 million...
READ MOREThe European Commission has officially designated Rio Tinto’s controversial Jadar lithium-boron mining project in western Serbia as a strategic investment under the Critical Raw Materials Act, placing it among 13 non-EU projects prioritized for the bloc’s energy transition. The move, announced in early June, comes despite years of mass protests, legal challenges, and vocal opposition...
READ MORERio Tinto, one of the world’s largest mining and metals companies, is in advanced negotiations with the Australian federal and New South Wales state governments over a multibillion-dollar bailout package for its Tomago aluminium smelter in New South Wales. The future of the facility—Australia’s largest aluminium producer and single biggest electricity user—has been thrown into...
READ MOREBHP Group, the world’s largest mining company and biggest iron ore producer, and Rio Tinto, a British-Australian multinational and the world’s second-largest mining company, have experienced share price pressure despite projections of massive demand increases for critical minerals. The International Energy Agency forecasts copper demand will increase 50%, nickel demand will more than double, and...
READ MORERio Tinto announced on Thursday that CEO Jakob Stausholm will step down later this year after nearly five years in the role. The company confirmed that Stausholm will remain at the helm until a successor is appointed, with a formal selection process now underway. Internal candidates expected to be considered include Chief Commercial Officer Bold...
READ MORERio Tinto and Chile’s state-owned Codelco have signed a binding agreement to form a joint venture aimed at developing and operating a major lithium project at the Salar de Maricunga in northern Chile. Under the terms of the agreement, Rio Tinto will acquire a 49.99% stake in Salar de Maricunga SpA, the entity holding the...
READ MORERio Tinto has signed a final joint venture agreement with Japan’s Sumitomo Metal Mining (SMM) for the development of the Winu copper and gold project in the Great Sandy Desert, Western Australia. The deal gives SMM a 30% stake in the project for up to $430.4 million. Under the terms, SMM will pay $195 million...
READ MORERio Tinto, in partnership with Indium Corporation, has successfully extracted its first primary gallium as part of a research and development project aimed at establishing a North American supply of this critical mineral. The gallium was sourced from bauxite processed at Rio Tinto’s Vaudreuil alumina refinery in Saguenay, Quebec—the only alumina refinery in Canada. The...
READ MORERio Tinto reported aluminium production of 829,000 tonnes for the first quarter of 2025, matching output from the same period last year, despite energy restrictions at its operations in New Zealand and Canada. The New Zealand Aluminium Smelter has been asked to reduce electricity use through August, and the Kitimat plant in British Columbia experienced...
READ MORERio Tinto has signed a Memorandum of Understanding with AMG Metals and Materials to assess the feasibility of developing a large-scale, low-carbon aluminium and alumina operation in India. The project would be powered entirely by renewable energy sources, including wind, solar, and pumped hydro storage. The proposed integrated facility would feature up to 1 million...
READ MORERio Tinto has finalized its acquisition of Arcadium Lithium for $6.7 billion, following the approval of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Arcadium Lithium will now be rebranded as Rio Tinto Lithium and will include the Rincon lithium project as part of its portfolio. This acquisition strengthens Rio...
READ MOREMidland Exploration, in partnership with Rio Tinto Exploration Canada (RTEC), has announced the launch of a second lithium drilling campaign at the Galinee project. Located approximately 5 kilometers east of the Adina lithium deposit owned by Winsome Resources, the project is wholly owned by Midland and is under an option agreement with RTEC, initially signed...
READ MOREKingsrose Mining Limited has announced the acquisition of the Jakon nickel-copper-cobalt project in Central Finland from Rio Tinto Exploration Finland Oy. This acquisition strengthens Kingsrose’s presence within the Kotalahti Nickel-Copper-Cobalt Belt and forms part of its Exploration Alliance with BHP in Finland. The Jakon project spans 205 km², bringing Kingsrose’s total landholding under the BHP...
READ MOREMelten Energy & Metals has entered into two long-term agreements with Rio Tinto to enhance its supply chain for bauxite and alumina. These agreements support Melten’s expansion of its alumina production capacity at the Aluminium of Greece plant in Agios Nikolaos, Viotia, Greece. The investment will increase alumina output from 865,000 metric tonnes to 1,265,000...
READ MORERio Tinto is exploring the use of intermittent renewable energy for its aluminium smelters, citing falling battery prices as a key factor in making the shift economically viable. Jerome Pecresse, head of Rio’s aluminium division, stated that transitioning to renewable power supported by battery storage is becoming increasingly feasible for the Boyne smelter in Queensland...
READ MOREHydro and Rio Tinto have announced a partnership to develop carbon capture technology aimed at reducing emissions from aluminum smelters. The companies plan to invest approximately $45 million over five years, with research and development efforts taking place at Hydro’s facilities in Norway and Rio Tinto’s locations in Europe. Both companies will continue their independent...
READ MORERio Tinto’s 74%-owned South African subsidiary, Richards Bay Minerals (RBM), has signed a deal with independent power producer Red Rocket South Africa for 230 MW of wind energy. The renewable power will supply RBM’s smelting and processing facilities at its Richards Bay ilmenite operation, the company announced on January 30. Red Rocket is developing the...
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