Rio Tinto to favour development over acquisition of copper mines — exec
Copper boss Bold Baatar says Rio's goal of producing 1 million tonnes of the metal annually within the next five years will be achieved through organic growth.
News comes just days after Deborah Caudle, the chief financial officer of the miner’s energy arm, said she had left the firm created by billionaire Andrew Forrest.
The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went ballistic.
Total spending surged 17% last year to $1.8 trillion in installing renewable energy, buying electric vehicles, building hydrogen production systems and deploying other technologies