Rio Tinto Stock News

Rio Tinto has agreed to buy a lithium mine in Argentina for $US825 million ($1.15 billion) as the worlds second-biggest miner accelerates its push into battery materials.

The mining giant has agreed to buy the Rincon project in Argentina as it accelerates its push into future facing commodities such as electric car battery materials.

The mining giant has agreed to buy the Rincon project in Argentina as it accelerates its push into future facing commodities such as electric car battery materials.

Overview The push for a greener economy has led the American and Canadian governments to identify more than 30 minerals as critical commodities. The US government has called for the development of a local supply chain of certain critical minerals –– including battery and platinum-group metals –– that are needed to meet the surging demand from green energy needs. When it comes to sourcing battery and platinum group metals, one type of deposit stands out as a key target. Platreef-style deposits are massive in scale and feature disseminated nickel and copper sulfide mineralization that is enriched with platinum-group elements (“PGE”), gold, chrome, and more. These occur stratigraphically below the high-grade reef-style deposits typically associated with South African PGE mines which are the dominant global source of platinum group metals. Whereas these reef deposits are narrow and require high-cost selective mining methods, the wide widths of Platreef-style deposits are amenable to low-cost bulk tonnage mining methods, resulting in much lower operating costs.

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel and vanadium. Read More The post High Voltage: Serbian lithium business looms as another community relations headache for Rio Tinto appeared first on Stockhead .

LONDON--(BUSINESS WIRE)--Rio Tinto to acquire Rincon Mining lithium project

(Kitco News) - Rio Tinto announced today that it has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining for $825 million.

Serbian President Aleksandar Vui has halted a controversial lithium mining project with British-Australian company Rio Tinto, following national protests throughout the country during November and December. But protesters have vowed to continue the fight.

Rio Tinto has appointed a new chair, which forms part of the miner’s board overhaul this year following the Juukan Gorge controversy. Incoming chair

Global mining company Rio Tinto has appointed former McKinsey & Company boss Dominic Barton as its next chair, with Barton to replace the outgoing Simon Thompson in May. The news follows shortly on the heels of Bartons announcement that he would step down from his current role as Canadas ambassador to China at the end of the year, having first been appointed in 2019 amid diplomatic tensions between the two nations.

Rio Tinto has called for Expressions of Interest (EOI) from Western Australia-based manufacturers to build 100 rail cars for its Pilbara iron ore mining operations. The EOI callout follows its announcement in September it would look for opportunities for Western Australian suppliers to help grow the local rail car manufacturing industry and support local jobs.[] The post Rio Tinto puts call out for locally-made Pilbara rail cars appeared first on International Mining .

Does Rio Tinto really need a management consultant as the chairman of its board?

Australian shares settled lower on Monday as energy stocks fell on concerns over oil demand outlook, while fund manager Magellan Financial Group slumped to its worst session on losing a major client. The S&P/ASX 200 index slipped 0.16% to 7,292.2, closing lower for the fourth session in five. Equity markets across Asia and crude prices sank as surging Omicron COVID-19 cases prompted tighter restrictions in Europe, threatening to disrupt global economic activity once again. "Markets are very cautious ahead of the Christmas break, with concerns about the impact of the Omicron strain," analysts at National Australia Bank said in a note. "More discontinuity in supply chains from Omicron could add to inflation concerns." Australia shares set to fall at open; New Zealand rises Energy stocks dropped 3.4% in their worst session in nearly a month and were the top losers on the benchmark index, as oil prices slumped by more than 2%. Oil investor Washington H Soul Pattinson was the top loser on the sub-index, falling 6.1%, while gas producer Santos dropped 4.8%.

(RTTNews) - Rio Tinto Plc. (RTPPF.PK, RIO.L, RIO, RTNTF.PK) late Sunday said it has called for Expressions of Interest or EOI from Western Australian manufacturers to build 100 rail cars for its Pilbara iron ore mining operations. The EOI callout follows Rio Tinto''s announcement in September about its plans to look for opportunities for Western