RIO Stock Recent News

Rio Tinto recently reiterated 2024 production guidance while the miner should state iron ore unit costs will flat with improvement in copper and aluminium, according to brokers. Last month, Rio said it expects its Pilbara operations to produce between 323 and 338mt of iron ore in the coming year, while mined copper is predicted to increase to between 660 and 720kt.

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.

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.

A number of people have been killed in Canada's Northwest Territories after a plane carrying Rio Tinto workers to a diamond mine crashed following takeoff.

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) confirmed there had been fatalities following the crash of a plane carrying workers to the Diavik diamond mine in Canada. The mining giant confirmed the aircraft, thought to be Jetstream registered to Northwestern Air Lease, went down near Fort Smith, Northwest Territories.

Rio Tinto said it has agreed to buy electricity from the planned Upper Calliope solar farm in eastern Australia to power its Gladstone operations.

Rio Tinto , said on Wednesday it would buy all electricity from European Energy Australia's Upper Calliope Solar Farm, in a bid to provide renewable power to the global miner's operations in Gladstone.

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) maintained its production guidance for 2024 after the weakened Chinese economy began to stabilise and the peaks of interest rate started to subside. During the fourth quarter, the London-listed company said commodity prices “found some support” after global recession fears weakened and broad inflation decelerated - despite Chinese policy measures looming.

Rio Tinto on January 15 reported just over a 3 per cent rise in the group's total copper equivalent production for the full year reflecting the Gudai-Darri mine in Pilbara, Australia reaching its full capacity; increasing production in Mongolia; and productivity improvements due to the deployment of its “Safe Production System.

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