Rio Tinto has reported a significant fall in half-year profit after being adversely affected by the decline in iron ore prices, leading to a big cut in its dividend.
Simon Trott has paid tribute to his Pilbara iron ore team and spoke of his excitement to lead one of the world's largest miners from a C-suite 15,000 kilometres away from his childhood home.
Iron ore production from Rio Tinto's Pilbara mines reached near-record levels after the miner's exports were curtailed by flooding at the start of the year.
Days before the opening of Rio Tinto's $3.1 billion Western Range iron ore mine, one commodity pricing agency announced a bold change to its reporting metrics.
Rio Tinto's iron ore boss Simon Trott has brushed off suggestions he is eyeing the global chief executive role to be vacated by Jakob Stausholm, as the pair opened a new Pilbara mine today.
Rio Tinto's global chief executive Jakob Stausholm will leave the mining giant by the end of the year, in a move which will shake up management at WA's largest iron ore producer.
Rio Tinto has been selected to form a lithium-based joint venture with Chile-based Codelco, as it eyes further value across its critical minerals portfolio.
Four cyclones across a three-month period have weighed on Rio Tinto's Western Australian iron ore shipments, with mitigation efforts expected to cost the miner around $150 million.
Rio Tinto is boasting the world's largest lithium resource base and major growth options after striking a counter-cyclical $US6.7 billion ($A9.9 billion) deal to buy Arcadium Lithium.
Mining major Rio Tinto has recorded a slight drop in Pilbara iron ore shipments and production citing weather disruptions but has stuck by guidance forecasts.
Rio Tinto's iron ore business delivered a stronger profit last year but was an exception, with lower commodity prices and higher operating costs battering every other business unit.
Rio Tinto plans to ramp up spending on iron ore, notably at the giant Simandou project in Africa, but has scaled back its investment in decarbonisation.
Rio Tinto has reported a big fall in interim earnings and dividends from last year's highs, though its core Pilbara iron ore business fared better than other operations.
Rio Tinto has reported strong Pilbara iron ore production and upped its annual guidance while also disclosing a doubling in its spend on evaluation of projects in other sectors.
Rio Tinto chief executive Jakob Stausholm has spoken candidly about the miner's pledge to reduce emissions, saying in hindsight he regrets setting a target for as soon as 2025.
Rio Tinto chief executive officer Jakob Stausholm has indicated the Simandou project in Guinea might not be such a big threat to Western Australia's iron ore industry after all.
Rio Tinto has reported record first-quarter iron ore shipments as it continues to benefit from strong commodity prices, while China's iron ore imports are at record levels.
Sky-high fuel and inflationary costs took a $US2.63 billion chunk out of Rio Tinto's underlying earnings for 2022 against a backdrop of weaker commodity prices.
Russian oligarch Oleg Deripaska, who is banned from Australia, is taking legal action against the foreign affairs minister with help from Perth-based representation.
Rio Tinto's iron ore production costs were higher than expected while production volumes remained within guidelines, according to the mining giant's fourth quarter results.
Rio Tinto and Wright Prospecting have paved the way for development of a major new, high-grade iron ore mine that will be pivotal to the future of both companies.
Nearly two years on since the destruction at Juukan Gorge, Rio boss Jakob Stausholm has told shareholders that the miner is focused on resetting relationships.
“Challenging as expected,” is how Rio Tinto chief executive Jakob Stausholm chose to describe production during the mining giant's first three months of 2022.
Approval from the Foreign Investment Review Board means Rio can finalise its $825 million Rincon project buy, while Crown moves ahead with a proposed $8.9 billion Blackstone deal.
A report commissioned by Rio Tinto has found widespread bullying, sexual harassment and racism across its global workforce, with the miner pledging to make lasting change.
After two years of negotiations, Rio Tinto and the Mongolian government have concluded a $3.3 billion debt waiver deal to allow the miner to establish one of the world's largest copper mines.
Rio Tinto has signed a deal to buy the Rincon lithium project in Argentina for $US825 million ($A1.2 billion) as majors eye a supply crunch later this decade.
Canadian Ambassador to China and McKinsey & Company mainstay Dominic Barton will take over as chair of Rio Tinto from May 2022, as the company navigates a post-Juukan Gorge era.
Rio Tinto plans a huge investment in wind and solar power to help reduce its direct and indirect carbon emissions by 50 per cent by 2030, more than triple its previous target.
A parliamentary inquiry reviewing the Juukan Gorge controversy recommends the federal government take responsibility for Aboriginal heritage and pushes for changes to WA legislation.
