Rio Tinto, the world’s second-largest iron ore miner, is going ahead with its expansion in Australia to 360 million tpy at a “significantly lower capital cost per tonne than originally planned”.

After the Chinese Lunar New Year holiday, the seaborne iron ore market will be affected by the macro-economic environment, seasonally low supplies and ongoing or additional steel production cuts in northern China, sources told Fastmarkets this week.

Rio Tinto has reached a run rate of 290 million tpy at its Pilbara iron ore system of mines, rail and ports in Western Australia, two months ahead of schedule.

Consumer demand and regulatory requirements are increasingly driving the responsible production and sustainability of aluminium, a senior executive at Rio Tinto Aluminium said.

Indian state-owned consortium International Coal Ventures (ICVL) will buy Rio Tinto’s Mozambique coking coal operations, according to reports.

After the Chinese Lunar New Year holiday, the seaborne iron ore market will be affected by the macro-economic environment, seasonally low supplies and ongoing or additional steel production cuts in northern China, sources told Fastmarkets this week. Positive monetary policy boost Market sentiment has been particularly sensitive, in the short term, to official Chinese government […]

Rio Tinto is in preliminary talks to sell its stake in the Grasberg mine to the Indonesian government, according to the chief executive officer of Freeport-McMoRan.

Seaborne iron ore prices rebounded on Thursday December 23 after a slight dip on Wednesday, with market participants optimistic that there will be an uptick in demand from steel mills at the start of 2022.

The union at Escondida and BHP, the Chilean copper mine’s majority shareholder and operator, have agreed to extend wage negotiations until Friday August 13, so a deal can be signed and a strike averted.

Rio Tinto has signed a 20-year freight service agreement with Japan’s Mitsui OSK Lines (MOL) to transport iron ore from Australia to China.