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BIZARRE: Rio tinto | Mind Blowing Facts

Power provider defends costings after smelter's bailout

A multimillion-dollar rescue package has secured the immediate future of one of Australia's biggest aluminium smelters after years of uncertainty.

AAP · Sep 30

Inside Fortescue's billion-dollar bet to decarbonize mining—and help rebuild Ukraine

Andrew Forrest built Fortescue into an iron ore giant. Now he is staking billions on an accelerated clean-energy overhaul in Australia and a long-shot effort to help revive Ukraine after the fighting ends.

Fortune · Sep 23

Aussie shares lift as Fed rate call calms bond market

An uplift in financial stocks have helped the ASX claw back some of its recent losses, as easing oil prices and a calming bond market boosted risk sentiment.

AAP · Sep 17

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Aussie shares pare losses but fall for third session

Oil prices and inflation concerns are looming large over the ASX as expectations of a Reserve Bank interest rate hike continue to rise.

AAP · Sep 10

Americans are losing faith in capitalism. The problem isn't capitalism

The public seems to think that shareholder value is a loss for consumers. A Yale research project with over 200 CEO interviews reveals something else.

Fortune · Sep 9

Australian shares inch higher as energy stocks rally

The local stock market has had a subdued start to the week, with commodity prices driving sentiment and traders holding back ahead of a US bank holiday.

AAP · Sep 7

Aussie shares fall as uncertainty hangs over markets

Miners have sold off sharply after fresh strikes between the US and Iran sent oil prices higher, while bond yields soared as inflation fears swelled.

AAP · Sep 2

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Some of Australia’s biggest companies are planning for an unbearable climate future

Even as unprecedented fires and heatwaves rage across Europe, scientists track the retreat of Antarctic sea ice and a supercharged El Niño system heads our way, Australia’s largest companies are forecasting business-as-usual in a much hotter world.

The Conversation · Aug 31

Fortescue defended keeping an executive at work during a harassment investigation; days later it reversed course and suspended the employee

Fortescue is facing renewed scrutiny over workplace conduct as an external investigation into allegations involving a senior executive runs alongside separate legal action brought by former employees. The mining company has confirmed that law firm MinterEllison is examining the allegations, while the executive remains employed as the inquiry continues. At…

The Times of India · Aug 25

Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton

Eurasia Group counselor Dominic Barton says corporate leaders can no longer treat geopolitics as a boardroom sideshow amid tariffs and new restrictions.

Fortune · Aug 19

'Real fears' for major smelter without new power deal

One of Australia's big four aluminium smelters is without a long-term power deal, with stalled negotiations raising questions about its future.

AAP · Aug 18

Miners weaken as FTSE 100 underperforms peers

The FTSE 100 Index closed down 60.48 points at 10,772.67.

Evening Standard · Aug 13

Afternoon Update: students ditch school to protest Hanson, Rio Tinto gets $2.5bn bailout, and Travis Kelce’s ‘best night’

High schoolers join university walkouts, with ‘Say No to Pauline Hanson’ and ‘fight against racism’ flyers seen at demonstrations

The Guardian - AU · Aug 13

Why the $2.5 billion Tomago aluminium deal is no ordinary bailout

On Thursday, the federal and New South Wales governments jointly announced a deal to bail out the Tomago aluminium smelter, at a cost of A$2.5 billion over ten years.

The Conversation · Aug 13

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The Guardian - AU · Aug 13

Australia’s largest aluminium smelter to run on renewables by 2033 after Rio Tinto strikes $2.5bn taxpayer bailout deal

Rio Tinto makes power supply deal with federal and NSW government to cut emissions and decarbonise, preventing potential closure

The Guardian - AU · Aug 12

Australia’s biggest aluminium smelter gets $2.5bn bailout package from federal and NSW governments

Rio Tinto said in December it may cease operations at the Tomago aluminium smelter at the end of its current electricity supply contract

AAP · Aug 6

All Ords index tops $3.2 trillion as shares beat record

Mining stocks have driven the local exchange into new territory for a second session as Middle East peace hopes buoy investor confidence.

AAP · Aug 2

Garma eyes life after mining and a new land rights era

At the NT's Garma Festival, Yolngu leaders have marked 50 years of land rights, confronted the end of a Rio Tinto mine and push for a future on their terms.

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MarketBeat · Aug 2

Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade

Rio Tinto's first-half results showed EBITDA up 28%, free cash flow up 75%, and copper EBITDA nearly doubling, as diversified metals exposure and productivity gains bolstered its outlook.

AAP · Aug 1

Rock star Elder hails Gove mining closure as land win

The end of mining at Gove is a chance to reclaim Yolŋu land, an Indigenous Elder says, and turn Rio Tinto's old fuel tanks into a national storage hub.

AAP · Jul 28

'A new era': miner banks profit on metals for tech age

Rio Tinto, which has major iron ore operations in the WA and is working to boost its presence in copper, has delivered a bullish outlook.

AAP · Jul 28

Major 'green' smelter ineligible for renewable credits

A major aluminium smelter, which has a quickly approaching deadline to lock-in a long-term electricity deal, won't be able to rely on green credit help.

Evening Standard · Jul 14

Soft US inflation helps FTSE shake off oil surge

The turnaround in the fortunes of London’s blue-chip index came as figures showed US consumer prices fell more than expected in June.

The Guardian - AU · Jun 25

Fortescue class action: female workers claim sexual harassment at remote mine sites

One woman says she found man in her room at WA fly-in, fly-out accommodation while another states she was ‘howled’ at, federal court told

AAP · Jun 25

Mining giant hit with sexual harassment class action

Fortescue has been hit with a class action law suit that accuses it of facilitating a shocking culture at its remote worksites where women paid the price.

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