Rio Tinto (RIO) has joined forces with BHP Group (BHP) and BlueScope to develop Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant in Western Australia. The BHP-RIO alliance will work on processing iron sourced from Pilbara using an electric furnace replacing traditional blast furnaces. This could lead the way in decarbonizing the steelmaking process, which is the need of the hour considering that steel production accounts for around 8% of the world’s carbon emissions.Details of RIO ...

VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO), after completing the Company’s highly successful debt and equity financing announced on October 21, 2024, provides an update on the progress made by its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”), which is currently constructing the Fenix Gold Mine located in the Maricunga Gold Belt of the Atacama Region, in Chile. Advancements include the commencement of hir ...

Rio Tinto Group (RIO) announced that it would invest $2.5 billion in its first commercial-scale lithium operation, the Rincon project, in Argentina. This move is in sync with Rio Tinto’s goal to build a world-class battery material portfolio.Details on Rio Tinto’s Rincon ProjectRincon, a long-life asset, is designed to produce 60,000 tons of battery-grade lithium carbonate per year. This includes a 3,000-ton starter plant and a 57,000-ton expansion plant. The mine's ore reserves are 60% higher than what the ...

This picture taken on November 26, 2024, shows the logo of Rio Tinto, a global mining and metals ... [+] company, at the headquarters of its iron ore division in Perth, Western Australia. (Photo by SAEED KHAN / AFP) (Photo by SAEED KHAN/AFP via Getty Images)AFP via Getty ImagesThe shares of diversified mining giant Rio Tinto (NYSE: RIO) have declined almost 16% year to date, underperforming the broader markets. The company recently posted higher shipments of both iron ore and bauxite for the third quarter o ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rio Tinto (RIO) .Rio Tinto currently has an average brokerage recommendati ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce that it has priced and upsized its previously announced overnight marketed public offering (the “Public Offering”) of common shares (the “Common Shares”) of the Company from up to C$40 million to C$55 million. Overall, 84,615,400 Common Shares will be ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that it has arranged a mine construction financing package expected to total approximately US$150 million for construction and general working capital of the Company’s 100%-owned Fenix Gold Project in Chile (“Fenix Gold” or the “Project”). This funding packag ...

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium. Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price. The deal, which values Arcadium at approximately $6.96 billion in enterprise value, underscores Rio's strateg ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there. The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns. Rio Tinto ( OTCPK:RTNTF ) is one of the largest mining companies in the world, with a market capitalization of $114 billion USD. The company just announ ...

RIO is currently stuck in an eight-day losing streak, and options bears are piling on Rio Tinto plc ADR (NYSE:RIO) is getting into the lithium market. The global mining giant that produces iron ore, copper, aluminum, and other materials officially announced its purchase of U.S.-based Arcadium Lithium (ALTM) for $6.7 billion, or $5.85 per share. RIO is down 2% to trade at $65.37 in response, while ALTM is 30% higher to trade at $5.55. Rio Tinto stock gapped lower by 4.3% yesterday when the news first broke. ...