Rio Tinto Group revealed on Wednesday that net earnings or profit after tax attributable to owners jumped by 15% to $11.6 billion and earnings per share (EPS) were up 14.7% to 707.1 cents. Revenue for the full 2024 fell 0.7% compared to 2023 and stood at $53.6 billion.For 2025, the mining...
Arcadium Lithium announced on Monday that its shareholders have approved Rio Tinto's proposed acquisition, which is expected to close in mid-2025. The acquisition is valued at $6.7 billion and, upon its expected closure, will make Rio Tinto the world's third-largest lithium miner.CEO Paul Graves...
Palantir Technologies Inc. announced on Wednesday that it renewed its enterprise contract with the Rio Tinto Group for an additional four years, securing the mining group's continuing access to the Palantir Artificial Intelligence Platform (AIP).By adopting Palantir Foundry earlier, Rio Tinto's...
Rio Tinto announced on Wednesday that it reached an agreement to acquire American company Arcadium Lithium plc for $6.7 billion. The mining giant will pay $5.85 per share in an all-cash transaction that has been approved by the boards of both companies. The deal is expected to close in mid-2025,...
The Australian Northern Territory (NT) government Friday stepped in to prevent Energy Resources Australia (ERA), a Rio Tinto subsidiary, from renewing its license to mine uranium in Jabiluka, a national park."We have gone through a thorough process to ensure that all stakeholder views have been...
Mercedes-Benz Group AG and Stellantis NV are holding discussions with the Serbian government to follow Rio Tinto's investment to develop what may become Europe's biggest lithium mine and EV battery production plant, President Aleksandar Vucic told German daily Handelsblatt on Thursday.
"The...
Rio Tinto Group is considering a bid of $32 billion for Teck Resources Limited, a Canadian mining company valued at over $30 billion, Sky News said on Friday citing sources familiar with the matter.While Rio Tinto's formal approach remains unclear, industry insiders indicate detailed proposals are being...
Rio Tinto Group announced on Wednesday that its revenue for the full year 2023 fell 2.8% compared to 2022 and stood at $54 billion. Net earnings dropped 18.5% to $10.1 billion and earnings per share (EPS) were down 18.9% to 616.5 cents.
"We are making clear progress as we shape Rio Tinto...
Rio Tinto Group announced on Thursday that it will build a solar panel plant in the Canadian Northwest Territories. The plant is expected to generate around 4,200 megawatt-hours per year and will initially provide up to 25% of energy for the company's Diavik diamond mine until the site stops...
Anglo-Australian mining giant Rio Tinto Group said on Wednesday that its underlying earnings in the first half of fiscal 2023 landed at $5.7 billion. Underlying earnings per share dropped 34% compared to the same period a year earlier to hit 352.9 cents.
Underlying earnings before interest,...
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