RIO Stock Recent News

Mining giant Rio Tinto and Chinese EV-maker BYD are among the six companies eligible to proceed with proposals to develop a lithium project in Chile's Altoandinos salt flats, state-run mining company ENAMI said on Thursday.

Rio Tinto's share price has declined 14 percent year-to-date, driven by falling iron ore prices and demand uncertainty, but its diversification in aluminum and copper offers growth potential. Chinese demand for iron ore has likely peaked, but RIO's high-grade ore from the upcoming Simandou mine positions it well for future demand shifts. Compared to peers, Rio Tinto is mid-tier in valuation metrics, not the cheapest or highest-yielding, but well-diversified and strategically positioned.

Rio Tinto Group shares are undervalued due to macro concerns, making it a potential good investment for long-term investors. Recent decline in iron ore and copper prices have impacted investor sentiment toward Rio Tinto, causing a 15% decline in shares year-to-date. Future demand drivers such as the renewable energy revolution and infrastructure investments in India could positively impact Rio Tinto's business in the long run.

Rio Tinto expects the labor dispute between the workers and the management of Canada's two biggest rail networks will affect its ability to receive raw materials at several sites across Canada and ship products to customers in North America, the miner told Reuters on Thursday.

Value of Over US$110 Million Contract Signed between XCMG and Rio Tinto SimFer Covers Dozens of Mining Trucks and Mining Graders for the World's Largest Untapped Reserve of High-grade Iron Ore CONAKRY, Guinea , Aug. 21, 2024 /PRNewswire/ -- XCMG Machinery (SHE: 000425, "XCMG"), the world's leading construction equipment manufacturer, has entered into a landmark global cooperation framework agreement with Rio Tinto, the world's largest iron ore producer in Conakry, Guinea's capital. Another statement of work for the Simandou iron ore project, the world's largest untapped reserve of high-grade iron ore, has also been signed between XCMG and Rio Tinto SimFer, a joint venture between the Government of the Republic of Guinea, Rio Tinto, and Chalco Iron Ore Holdings, involving the supply of a comprehensive suite of core mining equipment valued over US$110 million, including over 34 units of 230-ton mining trucks and over dozens of large mining graders with 350 and 550 horsepower, ancillary

Hundreds of people gathered in the central Serbian town of Valjevo on Monday to protest Rio Tinto's , lithium project in Western Serbia, over fears it could pollute the land.

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MELBOURNE, Australia--(BUSINESS WIRE)--The Queensland Government and Rio Tinto will work together to safeguard a pillar of the State's heavy industrial manufacturing base around Gladstone under a partnership to support investment in renewable energy projects. The agreement announced today represents an important step towards securing a long-term future for Australia's second-largest aluminium smelter, Boyne Smelters Limited (BSL) and thousands of jobs in central Queensland supported by the oper.

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces today that it has changed its auditors from Grant Thornton LLP (the “Former Auditor”) to PricewaterhouseCooper LLP (the “Successor Auditor”). The Former Auditor resigned as the auditor of the Company effective August 8, 2024, and the board of directors of the Company appointed the Successor Auditor on August 8, 2024, until the next annual shareholder meeting of the Company.

Tens of thousands of people gathered in central Belgrade on Saturday demanding a halt to Rio Tinto's , lithium project in Western Serbia over fears it could pollute nearby land and water.