Rio Tinto (RIO) reported iron ore shipments (on a 100% basis) of 80.3 million tons (Mt) for the second quarter of 2024, which rose 2% year over year, attributed to the drawdown of port stocks. The company’s iron ore production dipped 2% to 79.5 Mt as ore depletion offset productivity gains. A train had derailed in mid-May at its Western Australia iron ore operations, which led to six days of lost rail capacity and full stockpiles at some mines, impacting shipment and production numbers for the quarter. Baux ...

Rio Tinto (RIO) is set to install carbon-free aluminum smelting cells at its Arvida smelter in Québec, Canada, thus utilizing the first technology license issued by the ELYSIS joint venture. The groundbreaking ELYSIS technology aims to eliminate all direct greenhouse gases (GHGs) from the conventional aluminum smelting process, by producing oxygen as a byproduct while improving efficiency by producing more aluminum at lower costs. This pilot operation is expected to be a pivotal step in the large-scale indu ...

Rolf Wittke /iStock via Getty Images As the equity market makes new all-time highs and the implied risk for equities is hovering near record-highs as well, it is prudent for investors to reduce risk. There are different ways to achieve that - from portfolio rebalancing and focusing on more defensive areas of the market to better diversification and investing in high quality dividend stocks. When it comes to reducing risk, the basic materials sector rarely comes to mind as it is a highly cyclical area of ...

Sloot/iStock Editorial via Getty Images Rio Tinto Group (OTCMKTS: OTCPK:RTNTF) is one of the largest mining corporations in the world, with a market capitalization of well over $100 billion USD. The company continues to be susceptible to changes in ore prices. However, it continues to generate strong cash flow with incredibly important assets. That will enable the company to continue generating long-term shareholder returns. Rio Tinto Financial Performance Rio Tinto has continued to focus on strong financia ...

Rio Tinto (RIO) has entered into an agreement to acquire the 11.65% interest in Boyne Smelters Ltd (“BSL”) from Mitsubishi Corporation (MSBHF) . The financial terms of the transaction have not yet been disclosed. BSL is located at Boyne Island in Central Queensland and is Australia’s second-largest aluminium smelter.Earlier, on May 31, Rio Tinto entered into an agreement to acquire the 2.46% share in BSL that was held by Sumitomo Chemical Company Limited, a part of Sumitomo (SSUMY) . This arrangement with S ...

Seamless Performance and Real-Time, Intelligent Surveillance Keep Attendees Safe Detroit, Michigan, June 10, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is thrilled to announce the successful deployment of 4 RAD RIO™ (ROSA Independent Observatory) solar-powered mobile surveillance units (MSU) during the 2024 CMA Fest in Nashville, Tennessee.  The CMA Fest, one of the most significant countr ...

Rio Tinto (RIO) announced that it will invest $143 million to develop a research and development facility in Western Australia to test the effectiveness of its breakthrough low-carbon ironmaking process, BioIron. BioIron uses raw biomass material produced from agricultural by-products instead of metallurgical coal and is heated using a combination of gas released by the biomass and high-efficiency microwaves powered by renewable energy, which turns the iron ore into metallic iron. This process uses approxim ...

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 sellside) 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 recommendat ...

USA News Group CommentaryIssued on behalf of Yukon Metals Corp.  VANCOUVER, BC, June 3, 2024 /PRNewswire/ -- One of the biggest threats to the ongoing energy transition is the world's ongoing copper shortage that's set to get worse. As demand for the red metal continues skyrocketing, the International Energy Agency (IEA) predicts that existing mines and projects under construction will meet only 80% of copper needs by 2030, which is concerning as opening a single copper mine typically takes 23 years. With t ...

BHP Group (BHP) has joined forces with Rio Tinto (RIO) to trial large battery-powered haul trucks manufactured by Caterpillar Inc. (CAT) and Komatsu (KMTUY) . This testing, set to take place in the Pilbara region of Western Australia, aims to accelerate the potential deployment of these trucks. This collaboration between two leading global miners with two of the world’s largest haul truck manufacturers also seeks to address the critical challenge of zero-emissions haulage.The trials will kick off in the sec ...