Rio Tinto news and company reports.

Rio Tinto News

BHP Australia iron ore rail workers approve industrial action ...
Sat, 28 Oct 2023 00:00:00 GMT
Nearly 350 BHP iron ore rail workers in Australia, including train drivers, have approved industrial action plans that could include work stoppages of up to 24 hours due to disputes over pay and conditions, voting results showed. The work stoppages could impact its operations at the worlds largest iron ore export hub at Port Hedland. BHPs iron ore operations in Western Australia states Pilbara region include four processing hubs and five mines, connected by more than 1,000 kms (621 miles)


Fortescue First-Quarter Shipments Down, Costs Up
Wed, 25 Oct 2023 23:46:00 GMT
Fortescue Metals Group on Thursday said first-quarter iron-ore shipments fell by 6% on-quarter and costs rose. The worlds fourth-largest iron ore producer reported shipments of 45.9 million metric tons for the three months through September, down from 48.9 million tons the quarter immediately prior. Fortescue reported a Pilbara hematite C1 cost of $17.93 a wet ton for the quarter, up from $17.57 a wet ton the three months


Rio Tinto flags return to record iron ore production
Thu, 19 Oct 2023 00:00:00 GMT
Rio Tinto plans to raise output by 16%at its newest iron ore mine in Western Australia as it sets out step by step changes that will bring it back to record production levels as soon as 2025. The worlds biggest iron ore producer will increase production capacity at its Gudai-Darri mine in the Pilbara region of Western Australia by 7 million metric tonsto 50 million tonsa year at a cost of $70 million, it said on Wednesday. It didnot set a time frame but analysts expect Rio to get there


Rio Tinto cuts Canada iron ore production estimate on extended ...
Wed, 18 Oct 2023 00:00:00 GMT
Rio Tinto reported a rise in quarterly output across its copper and aluminium portfolios on Tuesday, sending its shares 3% higher, even as the miner cut its annual estimate for the Canadian iron ore business due to operational failures. The worlds biggest iron ore producer expects an iron ore output of 9.3 million to 9.8 million tons (mt) from its Iron Ore Company of Canada (IOC) business, down from 10.0 to 11.0 mt previously projected. Operations at IOC were impacted by extended plant


BHP celebrates delivery of three billion tonnes of iron ore to ...
Thu, 21 Sep 2023 00:00:00 GMT
BHP has officially celebrated the shipment of three billion tonnes of high-quality iron ore to China, hosting key customer representatives on a tour of BHPs Pilbara and Port Hedland operations in Western Australia, and at a gala event in Perth. BHP Chief Commercial Officer Vandita Pant and Asset President WA Iron Ore Brandon Craig were joined by China Iron and Steel Association Vice Chairman Luo Tiejun and key customer representatives at the Mining Area C and South Flank mine sites in the


Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed ...
Wed, 20 Sep 2023 00:00:00 GMT
Rio Tinto RIO.L, RIO.AX has been solely funding preparatory work at the blocks it holds at Simandou, one of the worlds largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said. The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with Chinas Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located. It has so far spent more than $500


Rio Tinto and H2 Green Steel partner to accelerate the green ...
Thu, 10 Aug 2023 00:00:00 GMT
Rio Tinto and H2 Green Steel, an industrial startup establishing large scale production of green steel, have signed a multi-year supply agreement for high grade direct reduction iron ore pellets from Rio Tintos Iron Ore Company of Canada (IOC) operations. Rio Tinto will also purchase and on-sell a part of the surplus low carbon hot briquetted iron (HBI) produced by H2 Green Steel during the ramp-up of its steelmaking capacity. IOCs direct reduction pellets will account for a significant


Iron ore dips as traders seek China stimulus details
Fri, 28 Jul 2023 00:00:00 GMT
Iron ore futures dipped on Thursday, with the Dalian benchmark retreating from a three-day advance spurred by Chinas pledge to step up support for the struggling property sector as traders sought details of policy measures and further action. Prospects of increased supply of the steelmaking ingredient also weighed on prices as miner Fortescue FMG.AX forecast higher shipments for the 2024 fiscal year, adding to increasing deliveries by peers Rio Tinto RIO.AX and BHP Group BHP.AX The


BHP posts record full-year iron ore output, flags rising costs
Fri, 21 Jul 2023 00:00:00 GMT
BHP Group on Thursday reported its highest ever annual iron ore production, helped by the continued ramp up at its South Flank operations in Western Australia but flagged it faces rising costs. The worlds largest listed miner said unit costs at its Western Australia iron ore operations and Chilean copper mine Escondida are expected to be towards the upper end of forecast ranges, but said capital and exploration spending would be below annual guidance, partly due to foreign exchange


Rio Tinto reopens iron ore rail line in Western Australia after ...
Wed, 21 Jun 2023 00:00:00 GMT
The worlds biggest iron ore miner Rio Tinto (NYSE:RIO) said on Wednesday that it had reopened a rail line at its Western Australian operations after a train carrying iron ore near the port of Dampier derailed at the weekend. The line will remain subject to speed restrictions while a clean up of the site is underway and an investigation into the cause of the derailment is ongoing, a Rio Tinto spokesman said via email. The incident on Saturday was the second such event in recent years after


Iron ore dips on growing supply, worries of more regulation
Fri, 21 Apr 2023 00:00:00 GMT
Dalian and Singapore iron ore futures fell on Thursday on increasing supply of the steelmaking ingredient and lower-than-expected steel output, amid lingering concerns over Chinas warning on price hikes. Chinas state planner said at a regular briefing that it will closely monitor iron ore market dynamics and take steps to limit price hikes. Leading iron ore supplier Rio Tinto on Thursday reported a better-than-expected 15.4% jump in first-quarter iron ore shipments from Western Australia,


Australias Fortescue delays again first production at Iron Bridge ...
Wed, 29 Mar 2023 00:00:00 GMT
Australias Fortescue Metals Group FMG.AX said on Tuesday first production at the companys Iron Bridge Magnetite Project in Pilbara, Western Australia, has been revised to the second half of April. The company had said in January the project was set to begin production at the end of the March quarter. On Tuesday, the worlds No. 4 iron ore miner said the project continues to make progress while managing weather impacts on activity and infrastructure at the site. The Iron Bridge project,



Number of Rio Tinto news reports: 12
Subscribers get access to full set of company news releases (up to 20 business reports).
Click here to subscribe.