The powerful message behind Rio CEO’s big lithium bet
With all the focus on copper, the global miner is pivoting towards a metal which few of its rivals are taking seriously. This is why.
With all the focus on copper, the global miner is pivoting towards a metal which few of its rivals are taking seriously. This is why.
Rio Tinto has made a takeover approach to Arcadium Lithium which, if successful, would deliver immediate mining and downstream conversion operations globally.
Rio Tinto has said it approached Arcadium Lithium for a potential acquisition, with analysts saying the smaller miner is worth at least $5bn.
Rio Tinto’s takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.
Rio Tinto is capitalising on low lithium price levels by making an acquisition in the space.
Rio Tinto may join BHP in a big acquisition and some believe that a major deal in the lithium space may now not be too far away.
The push to re-industrialise Western economies and the transition to net zero will provide strong tailwinds for the mining sector for decades to come, both Rio Tinto and BHP believe.
The world’s rarest diamonds have been crafted into three pink quokkas by Perth-based luxury jeweller Linneys, with each one expected to sell for more than $500,000.
Australian listed miner IGO is understood to be weighing the acquisition of one of Rio Tinto’s assets in Western Australia.
One of the nation’s largest producers of ore says the technology to create so-called ‘green steel’ is not yet available on a commercial scale in Australia or Asia.
Gina Rinehart has warned that the Albanese government’s industrial relations and environment policies risk alienating Australia’s two largest producers, Rio Tinto and BHP, and could drive the mining giants offshore.
Minerals Council of Australia boss Tania Constable said an IR ruling threatened to set a precedent which could be applied across the Pilbara’s powerhouse iron ore operations.
The mining giant will effectively take over Energy Resources of Australia, if it takes up most of the $880m capital raise to fund rehabilitation works at the Ranger uranium mine.
What do you get when you mix new IR laws, unions muscling their way into the mines and anti-mining sentiment from Tanya Plibersek? Nothing good.
ASX’s chairman got $550,000, its now CEO got $3.8m and others such as the chief risk and finance officers were paid as though the unfolding train wreck is nothing more than a technical glitch.
Queensland taxpayers will fund a secretive financial support package to help mining giant Rio Tinto transition one of Australia’s biggest aluminium smelters to renewable energy.
For an undisclosed amount of financial support, Rio Tinto has committed to running its Boyne aluminium smelter in the industrial city of Gladstone at full capacity until 2040.
The airline doesn’t have the balance sheet to withstand union attacks in the same way as BHP and Rio Tinto. Which makes it a perilous time for both staff and shareholders.
Most of the carbon credits that Rio Tinto examines in the US are unsatisfactory, underlining the task facing big miners as they try to meet emission reduction targets.
If Rio Tinto doesn’t want Jabiluka developed, it should pay out the deposit’s value to minority shareholders, according to fund manager Willy Packer.
Original URL: https://www.theaustralian.com.au/topics/rio-tinto/page/3