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The Latest Breaking News from Rio Tinto

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 14

CNBC

Benzinga

Australia's Rio Tinto Quits State Mining Lobby Over Climate Rift: Reuters

Reuters reported that Australia's Rio Tinto plc (NYSE:RIO) confirmed its exit from the state mining lobby group after raising concerns that its policy on expanding coal mines did not align with the Paris Climate Agreement. Global corporations have been attempting to appease authorities and shareholders by striving for higher emission cuts to comply with…

Benzinga

Here's How Much You Would Have Made Owning Rio Tinto Stock In The Last 5 Years

Rio Tinto (NYSE:RIO) has outperformed the market over the past 5 years by 1.83% on an annualized basis producing an average annual return of 15.29%. Currently, Rio Tinto has a market capitalization of $131.45 billion.

Benzinga

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Rio Tinto investors vote against financial statements in climate protest

Mining giant accused of failing to disclose key material about how it would transition to a zero-carbon economy

The Guardian - AU

WA Aboriginal site near Rio Tinto mine more than 50,000 years old, new study reveals

Mining giant funded latest excavation at Yirra, which yielded stone tools, charcoal and bone showing habitation during the last ice age

The Guardian - AU

Rio Tinto takes full control of Queensland alumina refinery after Russian oligarchs sanctioned

Oleg Deripaska and Viktor Vekselberg hold stakes in the Gladstone based refiner, which has been under pressure to cut ties after Ukraine invasion

The Guardian - AU

2 Best High-Yield Stocks to Buy in April

Further Western sanctions on Russia, the possibility of aggressive interest rate hikes by the Fed, and deepening supply chain disruptions have fueled significant market volatility of late. Therefore, we think it could be wise now to bet on high-yielding dividend stocks Rio Tinto (RIO) and Dorchester Minerals (DMLP) to generate…

StockNews.com

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Iron ore jacks up Rio Tinto's tax bill

Global miner Rio Tinto says it paid $US13.3 billion in taxes and royalties in 2021 across the countries it operates in.

AAP

Environmentalists slam proposal for former Rio Tinto executive to join uranium mine leadership

Chris Salisbury was one of three senior executives who stepped down after the destruction of a 46,000-year-old sacred site at Juukan Gorge. He has been named as the proposed chair of a $658m merger with the company developing WA's first uranium mine.

ABC News

A cut-and-paste attack on electric vehicle batteries and renewables is spanning the globe. But is it right?

Despite a boost from former resources minister Matt Canavan, a well-shared text essay decrying renewables contains only partial truths

The Guardian - AU

What do sanctions against Russian oligarchs mean for Gladstone's alumina refinery?

The federal government has imposed sanctions on Russian oligarchs with links to a central Queensland business, but what does it mean for the hundreds of workers onsite?

ABC News

Australia sanctions Russian billionaires with mining industry links

Australia imposed sanctions on Friday on two Russian oligarchs with links to its mining industry, one of them a billionaire with an investment connection to Rio Tinto's Gladstone alumina refinery joint venture.

Reuters

Government sanctions oversight protecting oligarchs’ Queensland interests

Russian mineral magnates Oleg Deripaska and Viktor Vekselberg have been conspicuously absent from Australia’s sanctions regime.

The New Daily

Putin-linked Russian oligarchs with Australian assets escape Morrison government sanctions

Transparency advocates ‘can’t make sense’ of decision to exclude resource industry figures from sanctions

The Guardian - AU

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Benzinga

Why Turquoise Hill Resources Stock Is Rising Today

Turquoise Hill Resources Ltd (NYSE: TRQ) is trading higher Monday after Rio Tinto PLC (NYSE: RIO) proposed to acquire the company for CAD$34 ($26.66) per share in cash.

Evening Standard

Rio Tinto in $2.7 billion bid for full control of ‘one of world’s largest’ copper mines

The Anglo-Australian firm is hoping to take full ownership of its major copper mine project in Mongolia by buying out Canadian partner Turquoise Hill.

The Guardian - AU

Rio Tinto to sever ties with Russian businesses over Ukraine war

Mining giant’s decision follows other big names exiting Russia and casts doubt over Queensland Alumina Ltd joint venture

The Guardian - AU

Morrison says Qld premier ‘consulted’ on emergency; Rio Tinto ditching Russia; 21 Covid deaths – As it happened

All the day’s news as it unfolded

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ABC News

Ukraine-Russia war updates: US House votes to ban Russian oil as Ukraine wakes to third week of war — as it happened

The US lower house overwhelmingly approves legislation that would ban Russian oil imports to the United States.

Benzinga

A Bullish Sign Appears On Rio Tinto's Chart

If history is any guide, there may be good fortune ahead for shares of Rio Tinto (NYSE:RIO). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

AAP

Rio didn't tell investors of coal failings

Rio Tinto has been fined for failing to tell investors that some coal operations were no longer viable, while former executives were spared.

ABC News

Oil surges, pushing up Santos, Paladin and Woodside as ASX falls sharply

The Australian share market fell sharply on Monday amid a surge in oil prices as the war in Ukraine continues to rock commodity and equity markets.

The New Daily

Australian companies are divesting from Russia, but some links to oligarchs remain

Ethical investors are calling on Rio Tinto, Origin Energy and other entities to join the list of Australian comnpanies divesting from Russia.

The Guardian - AU

Origin Energy and Rio Tinto urged to review joint ventures with Russian oligarchs

Ukraine invasion prompts calls for Australian companies to ensure resources profits do not end up with Putin-linked investors

France 24

Serbia: The lithium mine sowing deep discord

Discovered in Serbia's Jadar region, jadarite might be considered miraculous – at least by the Serbian government and the Rio Tinto mining group. They view this lithium derivative as an ideal raw material source for electric car batteries. But activists say it destroys ecosystems and causes severe illnesses. After months…

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