Tag: Rio Tinto

Rio Tinto reported a 29% drop in first-half profit and cut its dividend in half, as the miner was hit by weaker iron ore prices due to slowing demand from China, higher costs and labor shortages. It is still the second-biggest interim dividend it has ever paid, but lower than the record paid last year, […]

Rio Tinto has announced that it has submitted a non-binding bid to acquire the remaining 49% of Turquoise Hill Resources, the holding company of the Oyu Tolgoi copper-gold project in Mongolia. The mining group said the offer amounted to C $ 34 (US $ 26.68) in cash for each share of Turquoise Hill, representing a […]

RioTinto has announced record profits for 2021 and is set to distribute a record dividend of $ 16.8 billion, boosted by high iron ore prices and strong demand from China, the largest consumer. The impressive results overshadow a mixed year for the world’s largest iron ore company, during which demand for the product recovered, with […]

A report released today by Rio Tinto, the Anglo-Australian multinational and the world’s second largest metal and mining company, speaks of a culture of bullying, harassment and racism in the colossal group with 21 allegations of rape or attempted rape or sex. in the last five years. Nearly half of all employees who took part […]

Rio Tinto, the world’s second-largest mining company by market value, said it was preparing for a slowdown in the US economy and the eurozone. Concerns about the Omicron mutation and persistent supply problems have affected economic activity in the United States, said the company, which is a major supplier of steel ores and industrial metal […]