SYDNEY – Volt Group Ltd (ASX: VPR) said on Wednesday it will acquire Perth-based 4D Delta Pty Ltd, a profitable provider of digital asset inspection and condition monitoring technologies, in a deal valued at A$7.25 million. The acquisition, comprising equal parts cash and Volt shares, is expected to transform Volt into a more diversified technology-enabled…
Tag: Rio tinto
Robe River joint venture to invest $733 million to extend West Angelas iron ore mine in Western Australia
LONDON: Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region. The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal…
Rio Tinto reports resilient H1 2025 earnings amid portfolio diversification
Rio Tinto allocates $1b annual spend for mine closures, including Gove refinery rehabilitation LONDON: Rio Tinto announced first-half net earnings of $4.5 billion attributable to shareholders on Wednesday, down from $5.8 billion a year earlier, as lower iron ore prices offset gains from copper and aluminum operations. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA)…
Rio Tinto appoints Simon Trott as Chief Executive
LONDON: The Board of Rio Tinto has appointed Simon Trott to succeed Jakob Stausholm as Chief Executive, with effect from 25 August 2025. Simon, currently Iron Ore Chief Executive, has a track record of exceptional delivery over 25 years in roles across a wide range of commodities and geographies, with a strong focus on values-based performance culture…
Rio Tinto, Hancock Prospecting to Invest $1.61 billion in Australian iron ore project
PERTH: Rio Tinto and Hancock Prospecting will invest $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region, the companies announced. Rio Tinto’s share of the investment is $800 million. The project, which has received all necessary state and federal approvals, will mine the Hope Downs 2 and Bedded Hilltop…
Rio Tinto, Codeleo form joint venture to develop lithium project in Chile
SANTIAGO: Rio Tinto and Chile’s state-owned Corporación Nacional Del Cobre de Chile (“Codeleo”) have signed binding agreements to develop a lithium project in the Salar de Maricunga, a high-grade lithium resource in Chile’s Atacama region. The joint venture aims to strengthen both companies’ roles as key suppliers of materials for the global energy transition. Under…
Rio Tinto to invest $1.2 billion in Isle-Maligne hydroelectric plant modernization
ALMA: Rio Tinto is investing $1.2 billion (CA$1.7 billion) to modernize its Isle-Maligne hydroelectric power plant, marking its largest single investment in hydroelectric assets since the 1950s. The renovation aims to secure the future of low-carbon aluminum production in Quebec’s Saguenay–Lac-Saint-Jean region, ensuring job stability and an efficient, safe, and reliable renewable energy supply for…
Rio Tinto partners with Mitsui & Co. for Rhodes Ridge Joint Venture
SYDNEY: Rio Tinto has announced that Mitsui & Co. has entered into agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) from Rio Tinto’s partners. Mitsui & Co. has agreed to acquire all of VOC Group Limited’s (VOCG) 25% interest in the joint venture. Additionally, Mitsui & Co. has entered into…
Rio Tinto signs deal to acquire Arcadium Lithium for $6.7 billion
LONDON: Rio Tinto and Arcadium Lithium plc (NYSE: ALTM) announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share. The transaction represents a premium of 90% to Arcadium’s closing price of $3.08 per share on 4 October 2024, a premium of 39% to Arcadium’s volume-weighted average…
Green Lithium and Rio Tinto to develop lithium supply chain commercial partnership
LONDON: Green Lithium, the UK-based, low-carbon lithium refinery developer, has today announced the signing of a memorandum of understanding to develop a lithium supply chain commercial partnership with Rio Tinto, the global metals processing and mining company. This agreement marks another step for both parties as they look to play a crucial role across the…
Rio Tinto appoints Katie Jackson as Chief Executive of copper business
LONDON: Rio Tinto has appointed Katie Jackson to lead its Copper business, succeeding Bold Baatar, who as previously announced, will become Chief Commercial Officer later this year. Katie Jackson is currently President of National Grid Ventures, responsible for the development and operation of large-scale infrastructure energy assets. She will join Rio Tinto on 1 September…
Rio Tinto increases its shareholding in Sovereign Metals to 19.76%
Sovereign Metals Limited (ASX: SVM) announced that Rio Tinto Mining and Exploration Limited has exercised all its share options to increase its shareholding in Sovereign Metals to 19.76%.