Tag: Rio Tinto

Rio shareholders receive cash splash after strong profit

SYDNEY: Anglo-Australian mining giant Rio Tinto on Wednesday said shareholders will receive a $3.5 billion dividend after the mining giant recorded a strong first half...

Rio Tinto 2018 iron ore shipments rise 2pc, sets higher target for 2019

Global miner Rio Tinto on Friday reported a 2 percent rise in annual iron ore shipments from Australia on ramp-up of expanded mines and fewer...

Driverless mining train being called as ‘world’s largest robot’

An autonomous mining train in Australia has become completely operational and is now being regarded as the ‘world’s largest robot’. Mining corporation Rio Tinto recently claimed...

Rio Tinto says no job cuts in 2019 due to driverless train project

Australian mining company Rio Tinto Plc  said on Friday it does not expect to cut jobs in 2019 even though it has deployed automated heavy-haul...

Rio Tinto plans to list Canadian iron ore unit in early 2019

Anglo-Australian miner Rio Tinto is preparing to take its Iron Ore Company of Canada business public in the first half of 2019 by dual-listing it...

Rio Tinto says Q3 iron ore production falls, Oyu Tolgoi start delayed

Global miner Rio Tinto Ltd said its third-quarter iron ore shipments fell about 5 percent, after four quarters of growth, and first production from Oyu...

Rio Tinto considers float of Canadian iron ore business

LONDON: Rio Tinto , the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking...

Rio Tinto shares sink after H1 profit miss; adds $1bn to share buyback

MELBOURNE: Global miner Rio Tinto said on Wednesday its first half profit grew 12 percent, missing estimates and sending shares lower even though it earmarked...

World’s first self-driving train becomes operational

Mining corporation Rio Tinto have manufactured a completely self directed autonomous train which has already started to operate. The firm declared that the train completed its...

FTSE extends winning run to 5th day, mid-caps hit record high

LONDON: Britain's top share index advanced for a fifth straight session to its highest level in nearly a month, with a sharp rally in basic...