Rio Tinto Ltd shares down Thursday, underperforms the Materials sector
Here is the latest company close update for Rio Tinto Ltd, RIO.
Rio Tinto
Rio investors reject unification bid, hedge fund defeated
A push to bring an end to Rio Tinto’s dual listing has been knocked back by the mining giant’s shareholders, but the level of support for the motion means it could be revisited one day.
It’s all in the timing: Rio puts coal-fired power plant on market
A coal-free Rio Tinto in Australia is looming on the horizon as the company looks to sell its Gladstone power station.
ASX 200 rises; CBA only Big Four in the red
Lynas talks up opportunity in China-US fight. Bega preps for Fonterra deal. James Hardie allays governance concerns. Tariff impacts weigh on Flight Centre, Brambles. Telix down on FDA blow.
Rio shareholders urged to vote for unification
UK hedge fund Palliser Capital is ramping up its campaign for Rio Tinto to abandon its London listing, challenging shareholders to consider rival BHP’s performance since it ditched dual listing.
White House win for Rio Tinto, BHP as copper mine gets fast track
Rio Tinto and BHP are big winners from the White House’s battle with China to seize control of critical minerals used in energy and military projects after the White House fast-tracked the duo’s Resolution copper project in Arizona.
Pure gold: How Newcrest was sold short
One of the world’s best-placed gold miners was literally given away in another case of big Australian investors taking a short-term view.
Rio Tinto hopeful Chinese economy can ride out trade war
The mining heavyweight, led by Jakob Stausholm, has warned of an uncertain future as tariffs bite but points to green shoots in China.
Energy stocks weigh as ASX closes flat; Sigma’s $297m selloff
Sigma’s billionaire director cashes in. Star shares down after roller-coaster start. Zip top gainer. BOQ lifts on profit beat. Asian markets red as Nvidia-led falls loom. China warns of US tariff pressures.
Albanese heaps praise on WA resources’ support of national economy
Anthony Albanese says Western Australia’s resources sector is a wealth creator for the economy during a visit to a Pilbara iron-ore port and Rio Tinto’s $10bn in taxes and royalties a year help pay for health and education. Peter Dutton has also been in WA today promoting his plan to cut motorists’ costs.
Rio talks up franking credits as Palliser calls for ‘sunlight’
Mining giant Rio Tinto has given its London investors a lesson on Aussie tax breaks as former WA treasurer Ben Wyatt warned of franking credit waste in ditching its dual listing.
Hedge fund boss takes Rio to task over dual-listing structure
As Rio Tinto shareholders prepare to have their say on leaving the London listing behind, activist hedge fund Palliser Capital has accused the mining giant’s board of running scared.
Rio Tinto dividend warning ahead of vote to quit London listing
Abandoning a dual-listed structure could cost Rio Tinto billions of dollars more and make it harder to pay fully franked dividends to Australian shareholders, says Goldman Sachs.
Aussie’s Congo lithium hopes hinge on US envoy talks
A US special envoy is scheduled to arrive in the Democratic Republic of Congo for talks crucial to Australian minerals company AVZ’s hope of regaining control of a lithium project.
Night parrot forces Rio to alter plans for ‘copper whopper’ mine
Rio Tinto has adjusted its plans for Australia’s next big copper-gold mine after the shock discovery of one of the world’s rarest birds: the night parrot.
Striking smelter workers win better pay deal
The giant Tomago aluminium smelter’s management has bowed to striking workers as hopes fade for a US tariff exemption.
Rio Tinto’s new iron mine to create 1000 jobs
Rio Tinto has pulled the trigger on a new iron ore mine in WA on the same day it wrapped up the takeover of Arcadium Lithium.
ASX 200 slumps; Star close to Queen’s Wharf deal
Casino operator’s deal with Hong Kong partners to help avoid administration. Ex-dividend trading, oil price slide weigh on bourse. Insurers face $2bn-plus hit from Cyclone Alfred. APRA moves to tighten financial board rules.
Union claims victory in BHP, Rio recruitment drive
The Electrical Trades Union has signed up hundreds of workers at key BHP and Rio Tinto operations, in a shake-up of the Pilbara’s industrial relations landscape.
Unions accuse Rio of iron ore scare campaign
Rio Tinto says industrial peace is at risk, as it tries to stave off a union power grab.
Three banks in line for monster Rio Tinto equity raising
Rio Tinto’s Australian shareholders are understood to be strongly against a move by the mining giant to launch an equity raising in Australia, which may be as large as $6bn.
Power price hit threatens giant Tomago aluminium smelter
Tomago’s owners, including Rio Tinto and CSR, could pay twice as much for their electricity needs once a coal contract ends in 2028.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
Tomago smelter facing further strike action
The immediate future of a Rio Tinto-backed Tomago aluminium smelter that underpins the NSW energy market hangs in the balance as 560 workers dig in for a fight over pay.
Miners spared cyclone calamity but Rio facing uphill battle
Rio Tinto will be playing catch-up with its struggling iron ore operations for the rest of this year but has come through the latest cyclone to hit the WA coast in better shape than first feared.
Iron ore and LNG giants brace for impact of massive cyclone
The strongest cyclone to hit WA in years is set to disrupt iron ore and LNG production.
Tariff threat: Aluminium producers fight to protect smelters and jobs
Australia’s top manufacturing export industry is bracing for the fallout from hefty Trump tariffs on aluminium.
Tipping point: Rio flags battery power future as coal costs rise
Rio Tinto’s aluminium boss says its smelters in NSW and Queensland are doomed if they rely on coal-fired power stations, as cheaper battery storage for green energy becomes more viable.
More exposure to copper the prize for big miners
Moves by BHP and Rio Tinto to think about major transactions says a lot about their expectations for the country’s iron ore production.
Flooding rains halt Rio Tinto iron ore operation
A loader at Rio Tinto’s Pilbara iron ore operations is out of action following flooding rains brought by Tropical Cyclone Sean.
Original URL: https://www.theaustralian.com.au/topics/rio-tinto