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RARE PHOTOS: 4 | Vintage Vibes

Glencore shares surge after confirming talks with Rio Tinto over mega-merger

Its share price was up by more than 8% on Friday morning.

Evening Standard

Mining firms Rio Tinto and Glencore restart $260bn merger talks

Deal would create world’s largest mining company and come almost a year after previous discussions failed

The Guardian - UK

US economy added fewer jobs than forecast in December, but January interest rate cut very unlikely – as it happened

Economists say fall in US unemployment rate last month means Federal Reserve likely to leave borrowing costs unchanged at this month’s meeting

The Guardian - UK

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FTSE 100 Live 09 January: Glencore surges on Rio Tinto talks, Sainsbury’s under pressure

FTSE 100-listed Rio Tinto and Glencore are at the centre of MA speculation after they confirmed talks over a plan to create the world’s largest mining company.

Evening Standard

Mega miner merger would knock BHP off world No.1 perch

One of Australia's biggest commodity companies is considering a $300 billion takeover pitch to form the world's largest mining group.

AAP

‘The source of all life is here’: plan to mine lithium in Chilean salt flat sparks fears of water scarcity

The Colla Indigenous people claim Rio Tinto’s plans to extract the key mineral will harm fragile ecosystems and livelihoods

The Guardian - UK

Shares clock third day of gains as gold smashes record

Gold producers have led a rally in mining stocks as gold, silver, copper and the materials sector itself traded at their highest values.

AAP

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Government reveals taxpayer-funded deal to keep Australia’s largest aluminium smelter open. How long we will pay?

It seemed inevitable – politically at least – that the federal government would step in to save Tomago Aluminium in New South Wales, Australia’s largest aluminium smelter.

The Conversation

Smelter's future secured but cost to taxpayers unclear

Australia's largest aluminium smelter has been handed a government lifeline to ensure it keeps running beyond 2028 amid spiralling energy costs.

AAP

Anglo shareholders have many reasons to doubt $50 billion Teck mega-merger

New firm Anglo Teck would be headquartered in Vancouver in a further blow to the UK mining sector

Evening Standard

Mining giant reveals deal to turn iron and steel green

One of Australia's largest mining companies will pause its plans to produce greener iron and invest $35 million in emerging local technology.

AAP

The World's Largest Mining Project Starts Production

The world's largest mining project, the Simandou project in Guinea, officially launched on November 11. The event was a historic milestone for the industry, as the $23 billion mine took nearly three decades from discovery to production.

Benzinga

Aussie shares hand back gains as CBA, IT stocks weigh

Sell-offs in IT and consumer discretionary stocks and a slump for Australia's biggest company have sent the share market lower for a second straight session.

AAP

A Waymo for Freight Trains? This Start-Up CEO Is Working On It

After 20 years as an aerospace engineer, including 13 years at SpaceX, Matt Soule sought a new transportation challenge he could channel into a startup. He chose electric battery autonomous freight trains.

Benzinga

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AAP

Power deal inked to secure smelter's short-term future

A 12-month power deal has guaranteed the short-term future of a 70-year-old aluminium smelter that employs more than 500 people.

AAP

'We need energy': leader touts gas to save smelter jobs

The fate of 1000 workers hangs in the balance as leaders debate the best way to save Australia's biggest aluminium smelter from closure.

The Guardian - AU

The year of the bailout: Australia’s biggest aluminium smelter next in line for taxpayers’ cash

More than $3bn in public money has been given to Australia’s smelters and steelworks in an alarmingly ad-hoc way

AAP

Largest smelter could close in 'national interest' blow

Rising energy costs could force Australia's largest aluminium smelter to shut, but leaders have promised to do everything possible to keep it going.

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Benzinga

Rio Tinto Tests Game-Changing Battery Trucks In Mongolia With Chinese Partner

Rio Tinto Plc (NYSE:RIO) shares are trading higher on Monday. On Sunday, the company began testing battery-swap electric haul trucks with China’s SPIC Qiyuan at the Oyu Tolgoi copper mine in Mongolia.

Caixin Global

Energy Insider: Geely Launches First EV in U.K.

Energy Insider: Rio Tinto, SPIC pilot electric mining trucks in Mongolia, GAC Group’s losses widen on fierce competition

The Conversation

Switching off the huge Gladstone coal station in 2029 will cause problems. It needs a longer, smarter phase-out

This month, Rio Tinto announced plans to bring forward the closure of Gladstone Power Station to 2029, six years ahead of schedule. The move was welcomed by environmental groups, as Gladstone is Queensland’s oldest and largest coal-fired station. It has struggled to compete with emerging renewable generation in recent years…

Benzinga

Rio Tinto Q3 Iron Ore Output Stays Flat, Sees Signs Of Slowing US, China Economy

Rio Tinto Plc (NYSE:RIO) shares are trading lower premarket on Tuesday after the company reported the third-quarter fiscal 2025 trading update.

The Conversation

If government bailouts of companies are the new normal, we need a better strategic vision

The federal government’s announcement of a A$600 million rescue package for Glencore’s copper smelting and refining operations in Mount Isa and Townsville marks a definitive shift in Australia’s industry policy.

International Business Times

In Simandou Mountains, Guinea Prepares To Cash In On Iron Ore

At the foot of the Simandou mountains in southeast Guinea's lush tropical forest, thousands of workers, trucks and excavators are digging up the hills.

AAP

Rio Tinto, partners commit $1.1b to new iron ore mine

Rio Tinto, Mitsui and Nippon Steel are moving forward with a new iron ore project in Western Australia that will create a permanent workforce of 950 roles.

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