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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
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Share Price: 5,690.00
Bid: 5,680.00
Ask: 5,682.00
Change: -135.00 (-2.32%)
Spread: 2.00 (0.035%)
Open: 5,780.00
High: 5,836.00
Low: 5,670.00
Prev. Close: 5,825.00
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TOP NEWS: Rio Tinto staff die in Canada plane crash; inks solar deal

Wed, 24th Jan 2024 08:46

(Alliance News) - Rio Tinto PLC on Wednesday said a plane carrying its employees crashed on its way to the Diavik mine in Canada, resulting in fatalities.

The crash happened near Forth Smith, Northwest Territories in Canada, the Anglo-Australian miner said.

"We are working closely with authorities and will help in any way we can with their efforts to find out exactly what has happened," said Chief Executive Jakob Stausholm.

Separately, Rio Tinto announced it will develop Australia's "largest" solar power project, after agreeing to buy all electricity from the 1.1 gigawatt Upper Calliope solar farm to provide renewable power for its Gladstone operations.

"The agreement will bring more renewable power into one of Australia's most important industrial hubs and marks another step towards Rio Tinto's climate goal of halving its global Scope 1 & 2 carbon emissions this decade," the miner said.

It said under a new power purchase agreement with European Energy Australia, it will buy all power generated from the solar farm for 25 years. European Energy will build and operate the plant at a site about 50 kilometres south-west of Gladstone, pending approvals for development and grid connection.

Once complete, the Upper Calliope solar farm has the potential to cut Rio Tinto's operating carbon emissions by 1.8 million tonnes per year.

Stausholm said the deal was "a first important step in our work to repower our Gladstone operations and illustrates our commitment to keeping sustainably powered industry in central Queensland."

Shares in Rio Tinto rose 1.6% to 5,496.00 pence each in London on Wednesday morning.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
24 Jan 2024 07:38

Rio Tinto agrees power deal with Australia's largest solar farm

(Sharecast News) - Mining giant Rio Tinto said it had agreed to buy electricity from the Upper Calliope solar farm in the state of Queensland to power its Gladstone aluminium operations for 25 years.

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24 Jan 2024 00:01

Investor group turns up heat on mining tailings dam laggards

Investor Mining and Tailings Safety Initiative has 77 member firms

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23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.

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23 Jan 2024 17:10

FTSE 100 ends flat as insurers overshadow miners boost

Miners rise after talks of China stimulus

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17 Jan 2024 18:03

Serbia wants talks with Rio Tinto over Jadar lithium project

BELGRADE, Jan 17 (Reuters) - Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be more public discussion over whether it should go ahead.

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17 Jan 2024 17:01

Serbia wants talks with Rio Tinto over Jadar lithium project

BELGRADE, Jan 17 (Reuters) - Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be more public discussion over whether it should go ahead.

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

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16 Jan 2024 07:02

Rio Tinto 2023 iron ore shipments rise 3%

(Sharecast News) - Anglo-Australian mining giant Rio Tinto on Tuesday reported a rise in annual iron ore shipments as a ramp up of production at its Gudai Darri mine in Western Australia offset mine depletion.

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16 Jan 2024 07:00

TOP NEWS: Rio Tinto backs guidance as iron ore output rises in 2023

(Alliance News) - Rio Tinto PLC on Tuesday backed its cautious guidance for 2024, as it provided annual production figures for 2023, eyeing a gradual recovery in China over the coming year.

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15 Jan 2024 22:25

Rio Tinto sees China's economy slowly recovering this year

MELBOURNE, Jan 16 (Reuters) - Rio Tinto on Tuesday said that it expects stimulus measures in China to drive a slow recovery in the world's biggest steel user as it reported its second highest-ever iron ore shipments in 2023.

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15 Jan 2024 21:38

Australian shares likely to open lower, NZ flat

Jan 16 (Reuters) - Australian shares were set to open lower on Tuesday, likely dragged by miners on falling iron ore prices, while investors will also look closely through

fourth-quarter production results of Rio Tinto         , the
world's largest iron ore producer.
The local share price index futures fell 0.3%, a
51.3-point discount to the underlying S&P/ASX 200 index
close. The benchmark closed flat on Monday.
New Zealand's benchmark S&P/NZX 50 index was flat at
11,772.48 points in early trade. (Reporting by Aaditya Govind Rao in Bengaluru Editing by Matthew Lewis)

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15 Jan 2024 21:26

Rio Tinto's fourth-quarter iron ore shipments fall 1%

Jan 16 (Reuters) - Rio Tinto on Tuesday reported a 1% fall in its iron ore shipments in the fourth quarter of 2023 even as it ramped up production at its Gudai Darri mine in Western Australia.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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12 Jan 2024 07:47

LONDON BRIEFING: Burberry cuts guidance again amid luxury slowdown

(Alliance News) - Stocks in London are expected to make gains at Friday's market open, as investors assess the latest economic data from the UK, US and China.

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11 Jan 2024 23:00

International Battery Metals leases lithium filtration plant for US production

Jan 11 (Reuters) - International Battery Metals on Thursday said it leased its portable direct lithium extraction (DLE) plant to a customer that aims to begin producing the metal needed for electric vehicle batteries inside the United States within six months.

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