All articles tagged with #rio tinto
Rio Tinto is rekindling talks with Glencore for a potential $260 billion megamerger aimed at creating the world's largest mining group, focusing on copper assets amid sector consolidation and strategic growth in critical metals for the energy transition.
Glencore and Rio Tinto have resumed discussions on a potential $260 billion mining megadeal, signaling ongoing negotiations in the mining industry.
Rio Tinto and Glencore are in preliminary discussions about a potential merger, possibly involving an all-share deal, but no firm offer has been made yet, and the outcome remains uncertain.
The article discusses the potential for a stock market crash in 2026, highlighting uncertainties like AI's limited returns and economic vulnerabilities, and suggests diversifying into defensive stocks like Rio Tinto as a precaution.
U.S. President Donald Trump criticized a court decision that temporarily blocks the land transfer for the Resolution Copper mine in Arizona, a project vital for domestic copper supply and economic growth, amid legal challenges from Native American tribes and environmental groups. The project, owned by Rio Tinto and BHP, faces delays despite its potential to significantly boost U.S. copper production and meet rising global demand, especially as copper is crucial for renewable energy and technology infrastructure.
Copper prices plummeted after President Trump announced tariffs on copper imports, leading to significant declines in mining stocks like Rio Tinto and BHP, with futures dropping 20% and ETFs tracking copper futures falling nearly 20%.
Rio Tinto plans to invest $2.5 billion in a new lithium mine in Argentina, supporting President Javier Milei's deregulation efforts to attract foreign investment. The project, located at the Rincon mine, will include a processing plant with a capacity of 60,000 metric tons of lithium carbonate annually. This investment aligns with Milei's RIGI incentives program, offering tax and trade benefits for energy and mining sectors. Despite falling lithium prices, Rio Tinto aims to boost production and expand its lithium portfolio globally.
A plane carrying workers to Rio Tinto's Diavik diamond mine in Canada's Northwest Territories crashed shortly after take-off, resulting in six fatalities. One survivor was airlifted to a hospital, and both the company and authorities are investigating the incident. The crash has deeply impacted the close-knit community, with condolences offered by local officials.
A plane crash near Fort Smith in Canada's Northwest Territories has resulted in multiple fatalities, with some of the passengers believed to be workers for mining company Rio Tinto. The exact number of casualties has not been confirmed, and authorities are withholding further details pending notification of next of kin. The Royal Canadian Mounted Police, Canadian Rangers, and Royal Canadian Air Force have responded to the crash, while local health facilities have enacted mass casualty protocols. Officials and company executives have expressed condolences and pledged support to those affected, with investigations into the incident ongoing.
A small plane carrying Rio Tinto workers to the Diavik diamond mine in Canada crashed shortly after takeoff, resulting in fatalities. The aircraft, a BAE Jetstream, was found near the Slave River after leaving Fort Smith. Rio Tinto's CEO expressed deep sympathy and stated the company is devastated, offering full support to those affected. The crash is under investigation, and the company is working closely with authorities. The impact of the incident is felt across the Northwest Territories, and further information will be provided after next of kin are notified.
A small passenger plane carrying workers to Rio Tinto's Diavik diamond mine in Canada's Northwest Territories crashed in the town of Fort Smith, killing an unknown number of people. The jet, operated by Northwestern Air, went down shortly after takeoff, prompting a search and rescue operation involving the Royal Canadian Air Force, Royal Canadian Mounted Police, and Canadian Rangers. In a separate incident, a helicopter crash in British Columbia resulted in three deaths and four serious injuries during a heliskiing operation.
An airplane crashed in Canada's Northwest Territories, resulting in fatalities, including Rio Tinto employees who were on their way to a diamond mine. The number of casualties has not been specified, and the crash is under investigation by the Transportation Safety Board of Canada. The Royal Canadian Mounted Police and other authorities are involved in the response and investigation, while the Premier of the Northwest Territories has extended condolences to the families affected.
Mining company Rio Tinto confirms that a "number of our people" were on a passenger plane that crashed near Fort Smith, Canada, while en route to the Diavik diamond mine. The exact number of fatalities has not been officially released, pending next of kin notification. Authorities are preparing a mass casualty protocol, and the Northwest Territories Health and Social Services Authority has activated its protocol in response to the aviation incident. The Transportation Safety Board of Canada is investigating the crash involving a BAE Jetstream aircraft registered to Northwestern Air Lease.
A small plane carrying Rio Tinto workers crashed near Fort Smith in Canada's Northwest Territories, en route to the Diavik diamond mine, resulting in fatalities. The exact number of casualties is unknown, and authorities are working to notify next of kin before releasing further information. The cause of the crash is under investigation, and search and rescue efforts were supported by the Royal Canadian Air Force. This incident follows a recent helicopter crash in neighboring British Columbia that resulted in fatalities and injuries.
Mining giant Rio Tinto is set to benefit from the electric vehicle (EV) boom as global demand for copper, a key component of EVs, is expected to double by 2035. However, miners face challenges such as addressing stakeholder concerns and mitigating environmental damage. Rio Tinto, one of the world's largest mining companies, is working to ramp up production of its critical minerals business, including copper, by exploring projects in various countries.