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Rio Tinto

Australian, NZ shares slip
Markets

Australian, NZ shares slip

SYDNEY/WELLINGTON: Australian shares fell on Wednesday, dragged down by financials and miners, as global investors...
Published 13 May, 2021 03:10am
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