Rio Tinto halves dividend on 41% annual profit drop
Rio's bottom line was hit by weaker iron ore prices as demand from China slowed, as well as higher labour and material costs.
Rio's bottom line was hit by weaker iron ore prices as demand from China slowed, as well as higher labour and material costs.
After making more money than ever in the last few years, some of the world’s top energy traders are using the cash to expand in metals and agriculture.
Hope Brook project holds an indicated resource totaling 16.2 million tonnes grading 2.3 grams gold per tonne for 1.2 million oz.
BHP flagged a brightening demand outlook in the top steel producer country.
The global nickel market recorded a deficit of 166,600 tonnes in 2021.
Lithium miner said it now expected fiscal 2023 spodumene concentrate production from Mt Cattlin in the range of 114,000 tonnes to 124,000 tonnes.
Agreement is for a minimum three-year term to supply up to 35,000 terapascal anode active materials beginning February 2025.
The commodities giant was the victim of a “systematic fraud” that could cost it more than half a billion dollars.
The new facility, located in Casa Grande, will initially produce 10,000 estimated tonnes of recycled material per year.
The US automaker has invested in several miners to improve access to battery minerals.