RIO Stock Recent News

Chile's state-run mining firm ENAMI aims for its new Rio Tinto lithium partnership at Altoandinos to begin production in 2032 with 35,000 metric tons of the battery metal per year, and ramp up over three years to 75,000 tons, ENAMI company chief Ivan Mlynarz said on Friday.

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Rio Tinto is the preferred partner of ENAMI for Chile's Altoandinos lithium project, strengthening its global lithium portfolio amid long-term demand growth.

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Jakob Stausholm will step down as Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) chief executive at the end of 2025, a move that JPMorgan believes strengthens the case for unlocking value in the miner's global portfolio and dual-listed structure. The bank reiterated its 'overweight' rating on the stock and sees up to 30% upside, underpinned by a £59.20 base case valuation.

Rio Tinto (NYSE: RIO) has made important strategic decisions aimed at diversifying into critical minerals necessary for the energy transition, including lithium and bauxite. Rio Tinto operates as a vertically integrated mining company—managing the entire value chain from exploration and extraction to processing and export.

Did Jakob Stausholm jump or was he pushed out of the top job at the world's second biggest mining company, the London-based but Australian focused Rio Tinto?

LONDON--(BUSINESS WIRE)--Rio Tinto has today been confirmed as the preferred partner for the Salares Altoandinos lithium project in the Atacama region of Chile by Empresa Nacional de Minería (ENAMI), a state-owned Chilean mining company. Rio Tinto Chief Executive Jakob Stausholm said: “We are honoured to have been selected by ENAMI as the preferred partner for the Salares Altoandinos project, which has the potential to be a world-class lithium development. “We welcome the opportunity to develop.

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Rio Tinto (RIO) announced Thursday that CEO Jakob Stausholm would be stepping down later this year after leading the mining and minerals provider since January 2021.