The Latest Breaking News from Rio Tinto

One of the world's largest mining companies, Rio Tinto, has promoted its Australian-based iron ore boss to become chief executive.

Business opportunities will rub up against security and ideological tensions as Prime Minister Anthony Albanese leads an Australian delegation to China.

Mining stocks climbed after US President Donald Trump said he would enact a 50% copper tariff in August, sending copper prices higher.

The UK’s top stock index jumped by as much as 100 points, or 1.1%, to a new intraday record of 8,967.21 points.

Aluminerie Alouette, Canada's largest aluminum smelter and a key supplier to the U.S. market, announced a CA$1.5 billion ($1.1 billion) investment in its northern Québec facilities. The firm, owned by a Rio Tinto (NYSE:RIO)-led consortium, is making this commitment despite growing pressure from U.S. tariffs and global trade uncertainty.

The FTSE 100 index closed up 48.51 points at 8,823.20.

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Rio Tinto (NYSE:RIO) has a big yield and recommended buying the stock. “I believe in the minerals. I think you're fine,” he added.

The reviled foreign project could be key to Bougainville’s prosperity in independence. But some say the island risks repeating the mistakes of the past

The mining sector rose 2.3 per cent in its best day in 11 weeks but overall the ASX dipped, while the Australian dollar climbed to a seven-month high.

Rio Tinto (NYSE:RIO) and Hancock Prospecting have announced on Tuesday a joint investment of $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia's Pilbara region. A 50-50 investment will drive a significant expansion of the long-standing Hope Downs Joint Venture between the two companies.

A joint venture between Rio Tinto and Hancock Prospecting has been given approval for an iron ore project to add 31 million tonnes to global supply each year.