Rio Tinto plc

Rio Tinto said on Friday it has reached a binding agreement with Turquoise Hill Resources to update funding plans for the massive Oyu Tolgoi copper-gold mine in Mongolia. (https://bit.ly/3uCfg96) (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Shounak Dasgupta)

Sanjeev Gupta's $500 million purchase of Europe’s largest aluminium smelter from Rio Tinto in 2018 was the steel tycoon’s first big industrial deal financed through traditional bank debt.

The Australian Aboriginal group whose sacred rock shelters Rio Tinto destroyed last year rejected a plan by mining company Fortescue's founder Andrew Forrest to build dams along a river in the same region, citing the cultural damage it would cause.

The Australian Aboriginal group whose sacred rock shelters Rio Tinto destroyed last year rejected a plan by mining company Fortescue's founder Andrew Forrest to build dams along a river in the same region, citing the cultural damage it would cause.

Australia expects to log a record A$136 billion ($103.85 billion) from iron ore exports this financial year, as global steel-making recovers after a COVID-19 led downturn, a government report showed on Monday.

The largest minority shareholder in Rio Tinto's Mongolian copper project Oyu Tolgoi has filed a class action lawsuit in New York, claiming the company concealed massive cost overruns and delays.

An Australian Aboriginal group on whose lands Rio Tinto Ltd mines for iron ore said that heritage reforms Rio announced on Tuesday lacked detail and that it had yet to see an improved approach to cultural heritage management.

Rio Tinto said on Thursday it had signed an agreement to supply the first batch of its aluminium-scandium alloy produced in North America to additive manufacturer and developer Amaero, to be used to develop powder for 3D printing.

An Aboriginal group on Wednesday said it plans a scorecard to rate miners in Western Australia's iron ore heartland on how well they comply with various environmental, social and governance metrics.

Two small groups of Rio Tinto shareholders proposed resolutions for the mining giant to disclose emission targets and review its association with lobby groups, Rio said on Tuesday.

Canada's Turquoise Hill Resources Ltd posted a 41.4% rise in quarterly profit on Monday, helped by higher copper prices and increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.

Activist investor Pentwater Capital Management LP on Friday condemned the surprise resignation of Turquoise Hill Resources Ltd's chief executive officer following pressure from the Canadian miner's top shareholder Rio Tinto.

Canada's Turquoise Hill Resources Ltd said on Thursday Chief Executive Officer Ulf Quellmann has resigned after top shareholder Rio Tinto said it would vote against his re-election to the board.

Rio Tinto, the world's biggest iron ore miner, said on Wednesday its chairman would step down next year to take responsibility for the destruction of ancient rock shelters, the latest in a string of high-profile departures over the blasts.

Three Rio Tinto executives forced to leave the company after the destruction of sacred rock shelters at Juukan Gorge in Western Australia all closed off the year with substantial payouts, Rio's annual report released on Monday showed.

Some resource-rich developing countries are seeking to rewrite mining contracts and accelerate dividend payouts, which can take years to materialize under deals that experts said are tilted in companies' favor.

Rio Tinto on Wednesday reported its best annual earnings since 2011 and declared a record dividend payout, the second major iron ore producer to return windfalls to investors after unprecedented prices and demand for the steel ingredient.

Rio Tinto on Wednesday posted a 20% jump in annual underlying earnings and declared a bumper dividend as iron ore prices soared on top consumer China's infrastructure push to support an economic rebound from a coronavirus-led slump.

Rio Tinto has agreed to explore production of a low-carbon steel feedstock in Canada, the global miner said on Tuesday, as part of its strategy to reduce carbon emissions.