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The Latest Breaking News from Rio Tinto

Shares clock third day of gains as gold smashes record

Gold producers have led a rally in mining stocks as gold, silver, copper and the materials sector itself traded at their highest values.

AAP

Government reveals taxpayer-funded deal to keep Australia’s largest aluminium smelter open. How long we will pay?

It seemed inevitable – politically at least – that the federal government would step in to save Tomago Aluminium in New South Wales, Australia’s largest aluminium smelter.

The Conversation

Smelter's future secured but cost to taxpayers unclear

Australia's largest aluminium smelter has been handed a government lifeline to ensure it keeps running beyond 2028 amid spiralling energy costs.

AAP

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Anglo shareholders have many reasons to doubt $50 billion Teck mega-merger

New firm Anglo Teck would be headquartered in Vancouver in a further blow to the UK mining sector

Evening Standard

Mining giant reveals deal to turn iron and steel green

One of Australia's largest mining companies will pause its plans to produce greener iron and invest $35 million in emerging local technology.

AAP

The World's Largest Mining Project Starts Production

The world's largest mining project, the Simandou project in Guinea, officially launched on November 11. The event was a historic milestone for the industry, as the $23 billion mine took nearly three decades from discovery to production.

Benzinga

Aussie shares hand back gains as CBA, IT stocks weigh

Sell-offs in IT and consumer discretionary stocks and a slump for Australia's biggest company have sent the share market lower for a second straight session.

AAP

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A Waymo for Freight Trains? This Start-Up CEO Is Working On It

After 20 years as an aerospace engineer, including 13 years at SpaceX, Matt Soule sought a new transportation challenge he could channel into a startup. He chose electric battery autonomous freight trains.

Benzinga

Power deal inked to secure smelter's short-term future

A 12-month power deal has guaranteed the short-term future of a 70-year-old aluminium smelter that employs more than 500 people.

AAP

'We need energy': leader touts gas to save smelter jobs

The fate of 1000 workers hangs in the balance as leaders debate the best way to save Australia's biggest aluminium smelter from closure.

AAP

The year of the bailout: Australia’s biggest aluminium smelter next in line for taxpayers’ cash

More than $3bn in public money has been given to Australia’s smelters and steelworks in an alarmingly ad-hoc way

The Guardian - AU

Largest smelter could close in 'national interest' blow

Rising energy costs could force Australia's largest aluminium smelter to shut, but leaders have promised to do everything possible to keep it going.

AAP

Rio Tinto Tests Game-Changing Battery Trucks In Mongolia With Chinese Partner

Rio Tinto Plc (NYSE:RIO) shares are trading higher on Monday. On Sunday, the company began testing battery-swap electric haul trucks with China’s SPIC Qiyuan at the Oyu Tolgoi copper mine in Mongolia.

Benzinga

Energy Insider: Geely Launches First EV in U.K.

Energy Insider: Rio Tinto, SPIC pilot electric mining trucks in Mongolia, GAC Group’s losses widen on fierce competition

Caixin Global

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The Conversation

Switching off the huge Gladstone coal station in 2029 will cause problems. It needs a longer, smarter phase-out

This month, Rio Tinto announced plans to bring forward the closure of Gladstone Power Station to 2029, six years ahead of schedule. The move was welcomed by environmental groups, as Gladstone is Queensland’s oldest and largest coal-fired station. It has struggled to compete with emerging renewable generation in recent years…

Benzinga

Rio Tinto Q3 Iron Ore Output Stays Flat, Sees Signs Of Slowing US, China Economy

Rio Tinto Plc (NYSE:RIO) shares are trading lower premarket on Tuesday after the company reported the third-quarter fiscal 2025 trading update.

The Conversation

If government bailouts of companies are the new normal, we need a better strategic vision

The federal government’s announcement of a A$600 million rescue package for Glencore’s copper smelting and refining operations in Mount Isa and Townsville marks a definitive shift in Australia’s industry policy.

International Business Times

In Simandou Mountains, Guinea Prepares To Cash In On Iron Ore

At the foot of the Simandou mountains in southeast Guinea's lush tropical forest, thousands of workers, trucks and excavators are digging up the hills.

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AAP

Rio Tinto, partners commit $1.1b to new iron ore mine

Rio Tinto, Mitsui and Nippon Steel are moving forward with a new iron ore project in Western Australia that will create a permanent workforce of 950 roles.

The Guardian - AU

China’s reported BHP iron ore ban has wide-ranging ramifications. Here’s what to know

Beijing’s strategic bid to reduce prices is viewed as a commercial dispute, but Canberra could be drawn in if budget revenue takes a hit

The Conversation

Is China’s reported ban on BHP a bluff, or a glimpse of the future?

Though they still haven’t been officially confirmed, reports China’s state-owned buyer told steelmakers to stop purchasing iron ore from Australian mining giant BHP have rattled both markets and Canberra.

The Guardian - AU

Queensland’s biggest coal-fired power station could close six years early

Crisafulli government wants coal plants to run longer – reversing previous Queensland Labor government’s plans to end reliance on coal power by 2035

AAP

Push to shut coal plant early sparks political fight

One of Australia's largest and oldest coal-fired power stations could shut in less that four years after a surprise announcement from its owners.

Benzinga

Rio Tinto's New CEO Simplifies The Firm, Places Assets Under Review

Rio Tinto (NYSE:RIO) is undergoing a major restructure under a newly appointed CEO, Simon Trott, who took over the role on Monday. On Wednesday, he unveiled a radical simplification of the miner's operations into three core business units: iron ore, copper, and a combined aluminium–lithium group.

Evening Standard

New Rio Tinto boss restructures mining firm’s operations

The Anglo-Australian company said it will review the future of two of its smaller divisions as a result.

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