Rio Tinto (RIO) has completed its previously announced acquisition of the 11.65% interest in Boyne Smelters Ltd ("BSL") from Mitsubishi Corporation (MSBHF) . BSL is located at Boyne Island in Central Queensland and is Australia's second-largest aluminum smelter. This transaction takes Rio Tinto's ownership of BSL to 71.04% while Mitsubishi will no longer have any stake in the same. Rio Tinto to Increase Stake in BSL to 73.5% On May 31, Rio Tinto agreed to acquire a 2.46% share in BSL that was held by Sumito ...

RAD's Chief Security Officer, Troy McCanna, Highlights the Impact of AI-Driven Technology on Public Safety During Interview Detroit, Michigan, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCPK:AITX), a global leader in AIdriven security and productivity solutions for enterprise clients, is pleased to announce that its solar-powered RIO™ 360 security tower was featured in a recent segment on News 5 Cle ...

VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited ("Rio2" or the "Company") (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that its Chilean subsidiary, Fenix Gold Limitada, has received the principal Sectorial Permits it requires to begin construction at its Fenix Gold Project ("Fenix Gold" or the "Project") located in the Maricunga Gold Belt of the Atacama Region, Chile. These Sectorial Permits are: 1) Mining Methods; 2) Process Plant; 3) Waste Dumps & Stockpiles; and 4) Clos ...

Rio Tinto Group (RIO) shares have gained 10.3% in the past week, outperforming the industry's 9.7% rise and the Basic Materials sector's 4.9% return. The S&P 500 has moved up 0.4% in the same timeframe. The recent jump in the RIO stock is attributed to China's announcement of the largest stimulus package since the pandemic in an attempt to revive its economic growth to its 5% target for 2024. This has led to a muchawaited recovery in iron ore prices, which so far have been weighed down by weak demand in Chi ...

China's stimulus actions boosted the mining commodity sector this week, which is great news for iron ore producers like Rio Tinto. Shares in mining company Rio Tinto (RIO 0.45%) surged by 11.3% in the week to Friday morning. The move comes as China's central bank injected liquidity into the banking system to stabilize the real estate market and help China hit its growth target of about 5% in 2024. Rio Tinto and China The miner operates from four product groups: iron ore, aluminum, copper, and minerals. Iron ...

Australian multicommodity miner Rio Tinto (NYSE: RIO ) has seen an encouraging price trend in recent weeks, resulting in a 5% rise in the past month, after being essentially in free fall since mid-May. The stock is even up by over 6% since Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing ...

Michael McCrae Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was cofounder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae. Share Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals I ...

Rio Tinto (RIO) announced that it would invest in Pongamia seed farms in Australia to explore the possibility of using its seed oil as a feedstock for renewable diesel. RIO sees biofuels as an avenue to reduce the dependence on fossil diesel, which accounts for around 10% of its emissions footprint in Australia. To achieve net-zero Scope 1 and 2 carbon emissions by 2050, Rio Tinto has chosen electrification as the longterm solution for replacing the use of diesel in its fleet. While electrification is in pr ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? 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 recommendation (ABR) of 1.77, o ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? 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 r ...