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Rio Tinto

Australia shares jump, NZ down
Markets

Australia shares jump, NZ down

SYDNEY/WELLINGTON: Australian shares finished at their highest level in more than 14 months on Wednesday, buoyed by...
Published 06 May, 2021 03:49am
Miners and banks push Australia shares higher
Markets

Miners and banks push Australia shares higher

  • Meanwhile, AGL Energy hit record low after its chief executive officer resigned just less than a month after the power producer announced its plans to split its businesses into two.
Published 22 Apr, 2021 11:48am
Rio Tinto starts producing lithium from waste rock at California mine
Business & Finance

Rio Tinto starts producing lithium from waste rock at California mine

  • That demonstration plant will run for the rest of the year as Rio decides whether to spend $50 million to build a full-scale production plant with annual capacity of 5,000 tonnes.
  • Rio has produced borates - a group of minerals used to make soaps, cosmetics and other consumer goods - for nearly a century in the Mojave Desert, about 120 miles (195 km) north of Los Angeles.
Published 07 Apr, 2021 06:57pm
EU imposes tariffs on Chinese aluminium producers
Business & Finance

EU imposes tariffs on Chinese aluminium producers

  • The European Commission, which oversees trade policy for the 27-nation European Union, has set anti-dumping duties of between 21.2% and 31.2% on Chinese producers of aluminium extrusions in the form of bars, rods, profiles or tubes.
  • The tariffs are lower than the provisional duties of 30.4% to 48.0% imposed midway through the investigation.
Published 30 Mar, 2021 08:44pm
Rio Tinto faces class action suit over Mongolia copper project
Business & Finance

Rio Tinto faces class action suit over Mongolia copper project

  • Rio operates the mine via its Canadian subsidiary Turquoise Hill, which owns 66% of Oyu Tolgoi. The rest of the mine has been owned by the Mongolian government since the project was launched in 2009.
  • Activist investor Pentwater Capital Management LP is Turquoise Hill's largest shareholder after Rio with a 9% stake.
Published 25 Mar, 2021 08:55pm
British stocks move higher
Markets

British stocks move higher

LONDON: British shares rebounded on Monday, led by homebuilders and miners, as hopes of a vaccine-led economic...
Published 02 Mar, 2021 05:50am
Upbeat earnings lift FTSE 100
Markets

Upbeat earnings lift FTSE 100

LONDON: Positive corporate earnings lifted the FTSE 100 on Wednesday, outweighing concerns about the economic impact...
Published 11 Feb, 2021 04:34am