Palantir Strengthens AI Ties with Rio Tinto
In a significant stride toward advancing its data-driven operations, Palantir Technologies Inc. (NYSE:PLTR) has revitalized its partnership with the mining giant Rio Tinto Group. This renewed multi-year enterprise agreement, extended this month for an additional four years, reinforces the synergy between the cutting-edge analytics of Palantir and Rio Tinto’s expansive operational infrastructure. Underpinning this alliance…
Rio Tinto’s Production Up Amid Inflation Challenges
Mining giant Rio Tinto (ASX:RIO) has reported a slight increase in iron ore production and shipments in the third quarter, maintaining stability in its production forecasts despite ongoing challenges due to inflation. Iron ore production at its Pilbara mine in Western Australia edged up by 1%, reaching 84.1 million tonnes, according to the latest data…
Rio Tinto Set to Bolster Lithium Capacity With Arcadium Acquisition
International mining conglomerate Rio Tinto (ASX:RIO) is poised to significantly enhance its lithium production capabilities through the acquisition of Arcadium Lithium (NYSE:ALTM), after reaching a definitive agreement. The ambitious move, valued at US$6.7 billion, will take the form of an all-cash transaction at US$5.85 per Arcadium share. This bid underlines Rio Tinto’s commitment to becoming…
Rio Tinto Eyes $32 Billion Teck Resources Takeover
In a significant move that could reorient the global mining landscape, Anglo-Australian mining titan Rio Tinto (ASX: RIO) is understood to be considering a takeover of Canadian mining heavyweight Teck Resources (NYSE: TECK). With a mooted value exceeding $30 billion, and possibly reaching as high as $32 billion, this potential acquisition is poised to become…
Rio Tinto Invests in Zero-Emission Aluminium
Rio Tinto (ASX: RIO), the global mining heavyweight, is pressing forward with an ambitious, environment-friendly initiative that is set to position the company at the forefront of sustainable aluminium production. As the ASX 200 miner’s shares climbed to $120.67, an increase of 1.4%, market sentiment reflected the positive outlook towards the industry’s pivot to greener…
Rio Tinto Limited (ASX: RIO)
Company Information Rio Tinto Limited (ASX: RIO) Rio Tinto Limited is a global mining and metals company focused on materials essential for the modern energy transition. The firm strives to support customers in establishing more secure and sustainable supply chains by investing in low-carbon products like Canadian aluminum and advancing its ELYSIS zero-carbon…
Rio Tinto Expands Control Over Boyne Smelters
In a strategic move to bolster its holdings in the aluminium industry, mining giant Rio Tinto (ASX:RIO) has announced the acquisition of Mitsubishi Corp’s (TYO: 8058) 11.65% stake in Boyne Smelters. This deal will increase Rio Tinto’s interest in the entity to a commanding 73.5%. Boyne Smelters is the owner and operator of the Boyne…
(ASX:RIO) Rio Tinto Battles Production Headwinds In Q1
Mining giant Rio Tinto (ASX:RIO) had a green day today, gaining 2.16 points, translating to a 1.68% increase. Despite a stellar last month where Rio’s shares shot up 10.49 points (8.71%), the company have reported subdued production figures for the first quarter of 2024, indicating a series of operational challenges that have impacted its output…
ASX All Ords & 200 Push Green On The Day, Winners & Losers
The ASX 200 concluded the trading session on a strong note today, with the benchmark index closing at 7,817.3 points, marking a gain of 0.45%. The All Ords (XAO) repeated the trick, adding 0.48% on what was a good day for markets. This uptick signals a positive investor sentiment, indicating a moderately bullish trend in…
James Bay Minerals (ASX: JBY) Joins Big Name Miners Developing Lithium Projects
ASX-listed mining companies Allkem Limited (ASX: AKE) and Rio Tinto (ASX: RIO) have lithium projects underway in the James Bay Region of Quebec, Canada. James Bay Minerals raised six million dollars in its recent IPO (initial public offering). The company’s share price shot up from its opening price of $0.20 per share to $0.52 per…
