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The Latest Breaking News from Rio Tinto

Taxpayers are set to fund a compensation deal of up to $450 million for Gladstone Power Station owner Rio Tinto over the coal price cap in Queensland.

AAP

Mining rollercoaster to ease in 2023

Commodity prices may slide in 2023 but Australia's glittering status as a friendly source of critical minerals and coal will sort the winners from the losers.

AAP

Tiwai Pt smelter owner looks to commission its own renewable power generation

Updated: A remorseful Rio Tinto promises to do better, after the mining and smelting company angered Southland, New Zealand and much of the world with its wanton disregard for local communities and the environment.

Newsroom.co.nz

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Cumbria coalmine is owned by private equity firm with Caymans base

West Cumbria Mining, which set up Whitehaven office during push for new mine, owned by EMR Capital

The Guardian - UK

Rio Tinto signs remedy agreement with WA traditional owners after Juukan Gorge blasts

An Aboriginal corporation and Rio Tinto have agreed to create something positive out of the "continuing pain" caused by the mining giant's destruction of ancient rock shelters in WA's north.

ABC News

Rio to fund foundation for Juukan owners

Rio Tinto will provide funding for a foundation providing extensive benefits to the traditional owners of the destroyed Juukan Gorge rock shelters.

AAP

Rio Tinto reaches historic agreement with Juukan Gorge group

Global miner Rio Tinto Ltd has reached a restitution agreement with an Aboriginal group whose rock shelters in Western Australia it destroyed two years ago for an iron ore mine, the groups said on Monday.

Reuters

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Factbox-Australia to raise protection for Aboriginal heritage after Juukan

Australia will strengthen laws to better protect Aboriginal cultural heritage following an enquiry into Rio Tinto's destruction of historically and culturally significant rock shelters at Juukan Gorge.

Reuters

Mine company's blasting of rock shelters likened to Taliban

An Australian minister has likened a mining company blasting ancient rock shelters to the Taliban’s destruction of giant Buddha carvings and vowed to improve protections of Indigenous cultural heritage

The Independent UK

Labor commits to new Indigenous heritage protections but response to Juukan Gorge report angers traditional owners

Puutu Kunti Kurrama and Pinikura traditional owners say government should have consulted them about response to Rio Tinto’s destruction of sacred site

The Guardian - AU

Australia approves national plan to safeguard Indigenous heritage

Australia will strengthen laws to protect Aboriginal cultural heritage, Environment Minister Tanya Plibersek said on Thursday, following a review of mining standards after Rio Tinto's destruction of the sacred Juukan Gorge rock shelters.

Reuters

Government to legislate new protections after Juukan Gorge destruction

The federal government responds to an inquiry into Rio Tinto's destruction of a sacred site at Juukan Gorge, agreeing to legislate new cultural heritage protections and review the native title act.

ABC News

Juukan owners lash out at govt response

The federal government has pledged to better protect Indigenous cultural heritage but the Juukan Gorge custodians say they weren't meaningfully consulted.

AAP

Alumina refines credible path to net zero

Clean energy and local expertise could transform alumina refining, which has been one of toughest sectors to crack in decarbonising the Australian economy.

AAP

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ABC News

Big miners to fund WA 'legacy' infrastructure projects in new investment fund

Mark McGowan establishes an investment trust funded by the state's most prominent resource companies to realise 'legacy projects'.

Al Jazeera

Australian Indigenous leaders say ‘need to be’ at climate table

First nations representatives say the scale of the climate crisis requires ‘unprecedented collaboration’.

The Guardian - AU

Australia’s ‘carbon capital’ charts a course away from fossil fuels and a boom-bust cycle

Queensland’s Gladstone council is pinning its hopes on a 10-year energy transition plan, amid concerns for its future in a net zero world

Benzinga

Looking At Rio Tinto's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Rio Tinto. Looking at options history for Rio Tinto (NYSE:RIO) we detected 25 strange trades.

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ABC News

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

WA's iron ore miners are ramping up production with new mines, but with the commodity price falling, is it worth it?

The New Daily

Australia’s largest firms post record tax bill, despite almost a third paying nothing

Australia's largest companies are paying more tax under a government crackdown on avoidance, but almost a third still contributed nothing.

ABC News

Federal government approves ERA request to drawn down $56.8 million from Ranger uranium mine security bond

Cash-strapped miner Energy Resources of Australia says the federal government has agreed to release almost $60 million from the security bond meant to ensure the mine site is rehabilitated.

Benzinga

All That Glitters: What 3 Global Mining Companies Offer High-Yield Dividends?

The iShares MSCI Global Select Metals & Mining Producers ETF (BATS: PICK) is down roughly 16.53% year-to-date. Despite being down, it was considerably better than the S&P 500 down nearly 21% year-to-date.

ABC News

NT government’s years-long public housing waitlist putting a strain on remote health system

Nurses in a remote corner of Australia are raising the alarm over an issue they say is threatening the lives of chronically ill patients and putting a burden on the health system.

Benzinga

Check Out What Whales Are Doing With RIO

Someone with a lot of money to spend has taken a bullish stance on Rio Tinto (NYSE:RIO). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

AAP

Rio says rail issues hit ore shipments

Mining giant Rio Tinto says two unplanned outages on its rail lines in the Pilbara means its full-year shipments will be at the lower end of expectations.

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