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Share Price Information for Rio Tinto (RIO)

London Stock Exchange
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Share Price: 5,212.00
Bid: 5,211.00
Ask: 5,213.00
Change: 4.00 (0.08%)
Spread: 2.00 (0.038%)
Open: 5,215.00
High: 5,226.00
Low: 5,202.00
Prev. Close: 5,208.00
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Sovereign Metals makes "significant step" in Malawi project

Wed, 20th Mar 2024 15:33

(Alliance News) - Sovereign Metals Ltd on Wednesday said that a shipment of ore from its project in Malawi has been handed to a laboratory in South Africa to be tested.

The mining exploration and development company, with assets in Malawi, sent 30 tonnes of graphite ore to undergo testing by South African engineering consultants Paterson & Cooke.

The delivered material is representative of ore expected to be mined during the first 10 years of production. In the laboratory, specific parameters related to the mining, transportation, and handling of the ore will be tested to optimise the technical elements of the project.

Sovereign Managing Director Frank Eagar said: "This represents a significant step in our ongoing project delivery. Importantly, it also demonstrates the effectiveness of the day-to-day technical involvement of our strategic investor, Rio Tinto, in assisting Sovereign with the Kasiya project optimisation and bringing this tier one project closer to development."

Sovereign shares were down 0.6% to 24.35 pence in London on Wednesday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Aug 2023 08:28

Antofagasta raises shareholder payouts after stronger profit

LONDON, Aug 10 (Reuters) - Mining company Antofagasta raised shareholder returns on Thursday after posting a 7.5% rise in half-year profit as higher copper sales more than offset lower prices.

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10 Aug 2023 07:15

Antofagasta raises shareholder payouts after strong profit

LONDON, Aug 10 (Reuters) - Mining company Antofagasta raised shareholder returns on Thursday after posting a 7.5% rise in half-year profit on higher copper sales.

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8 Aug 2023 11:19

Glencore sticks to acquisition trail as earnings halve

Focus on investing in transition metals

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4 Aug 2023 10:10

IN BRIEF: Alien Metals hires new chair as acting CEO stays on

Alien Metals Ltd - London-based minerals exploration and development company with five projects in Western Australia - Hires Alwyn Vorster as non-executive chair, cites his "extensive" experience in bulk commodities particularly iron ore. Vorster was previously interim chief executive officer of Hastings Technology Metals Ltd; he has also worked at BCI Minerals, Aquila Resources Inc and Rio Tinto PLC, and is a director at Arrow Minerals Ltd and ChemX Materials Ltd. Incumbent Executive Chair Guy Robertson will transition to new role as executive finance director. Troy Whittaker is also officially promoted to chief executive officer having "been acting as" group CEO since December 2022.

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3 Aug 2023 15:45

UK dividends calendar - next 7 days

Friday 4 August 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Aug 2023 17:57

Major global firms warn of slow China sales as post-pandemic surge fades

Aug 2 (Reuters) - Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce.

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31 Jul 2023 19:13

Chile's Codelco to explore copper deposit with Rio Tinto

SANTIAGO, July 31 (Reuters) - Chilean state copper company Codelco said on Monday it would partner with Anglo-Australian miner Rio Tinto to explore a copper deposit in northern Chile.

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31 Jul 2023 18:17

Chile's Codelco to explore copper deposit with Rio Tinto

SANTIAGO, July 31 (Reuters) - Chilean state copper company CODELCO said on Monday it would partner with Anglo-Australian miner Rio Tinto to explore a copper deposit in northern Chile. (Reporting by Fabian Cambero; Writing by Brendan O'Boyle)

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Glencore to buy Pan American's Argentine copper mine stake for $475 mln

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27 Jul 2023 06:00

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TOP NEWS: Rio Tinto half year profit falls with "softer market" state

(Alliance News) - Rio Tinto PLC on Wednesday reported that its half year profit had fallen and its sales revenue was down, citing "softer market conditions".

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