BHP, Rio Tinto are joining forces to boost iron ore pipeline
Miners are trying to balance growth against capital discipline, and are increasingly looking at ways to squeeze efficiencies out of existing infrastructure BHP Group and Rio Tinto Group,…
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Europe stocks close at record as Glencore jumps on Rio Tinto interest
Technology stocks led the advance in the Stoxx 600 on the day and logged their best week in nearly two years European shares ended on Friday (Jan 9) at a record high, powered by a surge in…
Glencore and Rio Tinto in talks to form world’s biggest miner
Rio Tinto Group is in talks to buy Glencore to create the world’s biggest mining company with a combined market value of more than US$200 billion, a little over a year after earlier talks…
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he undertakes a divestment plan to simplify the…
China’s mining giant Zijin tops US$100 billion in value to near BHP, Rio Tinto
China’s Zijin Mining Group is worth more than US$100 billion at the market close for the first time, after a decade-long growth push that’s put it in the big league of metals miners along…
Iron ore hits over one-week high as Rio Tinto suspends work at Guinea mine
Iron ore futures touched a one-week high on Monday (Aug 25) as Rio Tinto suspended activity at its Simandou project in Guinea following an incident, raising fears of a potential delay in…
Rio Tinto posts smallest first-half profit in five years
It reported underlying earnings of US$4.81 billion for the six months ended June 30 Rio Tinto reported its smallest first-half underlying profit in five years on Wednesday (Jul…