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CATAMARCA, Argentina--(BUSINESS WIRE)--President of Argentina Javier Milei and Catamarca Governor Raúl Jalil today joined Rio Tinto Chief Executive Simon Trott to celebrate a major milestone for Argentina's lithium industry, marking the official opening of Rio Tinto's Fénix 1B expansion and Sal de Vida operation in Catamarca following a combined investment of around $1.4 billion. Both projects achieved first production in the second quarter ahead of plan and are now ramping up production. They.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) will invest $1.9 billion to develop the Kangwinan bauxite project in Queensland, extending the life of its Weipa Operations and increasing annual production capacity. The project will add 20 million tonnes of annual bauxite capacity, with first production targeted for 2029 and full output expected by 2032.
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will invest $1.9 billion1 to develop the Kangwinan bauxite project on Western Cape York Peninsula in Queensland, underpinning the long-term future of its Weipa Operations and continued supply to its international customers and its Australian alumina refineries. Kangwinan highlights Rio Tinto's continued commitment to mining in Australia and will sustain its position as one of the world's leading high-quality bauxite producers. This brownfield inv.
BHP Group Ltd (LSE:BHP, ASX:BHP), Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Fortescue Ltd (ASX:FMG) shares have fallen to multi-month lows as weaker iron ore prices, concerns over global capital expenditure and softer earnings expectations put pressure on Australia's major miners. BHP was down 1% to $57.92 after falling as much as 1.5% to a three-month low of $57.69, bringing the stock within touching distance of its rising 200-day moving average at about $57.66.
RIO's iron ore shipments rose 2% y/y in Q3'26, while copper output varied across key mines as the company maintained its annual production guidance.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) maintained its 2026 production and cost guidance after strong third-quarter performances from its Oyu Tolgoi copper operation and Pilbara iron ore business. Oyu Tolgoi copper production increased 27% year on year during the quarter and 29% over the first nine months, with the Mongolian operation running at an annualised rate of around 450,000 tonnes.
Rio Tinto posts 2% rise in third-quarter iron ore sales
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Simon Trott said: “We delivered strong operational performance in the third quarter. Oyu Tolgoi copper production increased 29% year-to-date, with the operation running at a ~450 kt annualised rate in the quarter, and global iron ore sales are up 3% year-to-date. The Simandou iron ore mine hit an annualised production run-rate of ~10 Mtpa (100% basis) in the quarter as the project continues to ramp up. “We are finishing the year w.