Rio Tinto - ein wenig beachteter Rohstoffriese (Seite 20)

[Oginvest]

Big copper deals to take centerstage in Santiago as demand heats up

Zitat von Oginvest: SANTIAGO, April 16 (Reuters) - Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry's growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition.

The buyout trend comes as Indigenous groups, host communities and others increasingly oppose the industry's attempts to build new mines, obstacles fueling the growing realization among mining companies that they may need to combine in order to grow.

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https://www.reuters.com/markets/commodities/big-copper-deals…

[Oginvest]

Rio Tinto starts construction to expand capacity at Quebec aluminum smelter

Rio Tinto (NYSE: RIO, ASX: RIO) has begun construction to increase its capacity to cast low-carbon aluminium billets by 202,000 metric tonnes at its smelter in Alma, Quebec.
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The existing casting center will be expanded to include new state-of-the-art equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packaging systems, Rio said, adding that commissioning is scheduled for the first half of 2025.

The C$240 million ($178.6m) investment will allow more of Rio Tinto’s aluminium production to be used to make billets from renewable hydroelectric power. This will enable greater flexibility in meeting the anticipated growing demand from North American extruders for products primarily for the automotive and construction industries.

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https://www.mining.com/rio-tinto-starts-construction-to-expa…

[Oginvest]

Rio Tinto releases details of $10.8 billion of taxes and royalties paid in 2022

Rio Tinto has published its 2022 Taxes and Royalties Paid Report, detailing $10.8 billion of global taxes and royalties paid during the year.

This compares to $13.3 billion in 2021, during very strong commodity prices, and is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first annual Taxes Paid report, for 2010.

In Australia, which is home to almost half of the company’s assets, $8.5 billion (A$12.3 billion) was paid in taxes and royalties in 2022, down from $11.1 billion (A$14.8 billion) in 2021. Rio Tinto also made significant tax and royalty payments in Canada ($718 million), Chile ($678 million), Mongolia ($294 million) and the United States ($135 million).

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>> https://www.morningstar.com/news/business-wire/2023033100531…

[Oginvest]

Australia critical mineral export revenue to match coal by 2028 - govt report

Zitat von Oginvest: MELBOURNE, April 3 (Reuters) - Revenue from Australia's exports of critical minerals like lithium and nickel will nearly equal the current second-biggest export earner coal by 2028 as the global energy transition gathers pace, the government said in an update of its five-year outlook.

Australia's industry department, which on Monday forecast another record year of resources export revenue, said global coal demand had passed its peak, whereas demand for minerals like lithium, nickel, copper and rare earths was set to speed up.

"Lithium and base metals (and their raw material inputs) will account for almost as much export revenue as all coal types by 2027–28," it said in its March quarterly report, which provided the updated outlook.

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>> https://www.reuters.com/markets/commodities/australia-critic…

[Oginvest]

Antwort auf Beitrag Nr.: 73.601.521 von Miraflor am 02.04.23 19:51:19

🙄 vermute ich 🙂

[Miraflor]

Antwort auf Beitrag Nr.: 73.590.105 von Oginvest am 31.03.23 11:21:13

......ist es diese Meldung, die den Kurs am Freitag hochgezogen hat?

[Oginvest]

Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru

LONDON--(BUSINESS WIRE)-- Rio Tinto and First Quantum Minerals ("First Quantum") have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world.

La Granja is a complex orebody located at high altitude in Cajamara, Northern Peru, that has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral Resource totalling 4.32 billion tonnes at 0.51 percent copper1. The joint venture will bring together the combined knowledge, expertise and resources of Rio Tinto and First Quantum Minerals to progress the project.

Under the proposed transaction, First Quantum will acquire a 55% stake in the project for $105 million, and commit to further invest up to $546 million into the joint venture to sole fund capital and operational costs to take the project through a feasibility study and toward development. Upon completion of the sole funding commitment, all subsequent expenditures will be applied on a pro-rata basis according to the share ownership of the project.

The transaction is expected to complete by the end of Q3 2023, subject to the satisfaction of regulatory approvals. As majority owner, First Quantum will then operate the La Granja project with initial work focussed on completing the feasibility study.

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>> https://www.riotinto.com/en/news/releases/2023/rio-tinto-and…

[Oginvest]

Energy stocks slip as Australia nears major emissions reduction bill

March 27 (Reuters) -Australia's energy stocks dropped on Monday as the lower house of the Parliament inched towards passing an emissions reduction plan that will put some curbs on new gas and coal investments and a limit on total emissions from the country's top emitters.

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Local energy sub-index .AXEJ lost up to 2.2% to mark its third consecutive day in red and the worst in a week, limiting losses in the ASX 200 benchmark, which was up 0.2% by 0358 GMT.

Mining giants BHP Group BHP.AX and Rio Tinto Ltd RIO.AX, major exporters of iron ore and copper across the globe, lost 0.7% and 1%, respectively. Both the stocks weighed on the local mining index .AXMM, which was down 0.3%.

Australia's "safeguard mechanism" reform plan, set to take effect on July 1, seeks to limit emissions from the country's biggest polluters, and is key to achieving its target to cut carbon emissions by 43% from 2005 levels by 2030 and achieve net zero emissions by 2050.

The plan "could mean less acceptances of new deals, which probably might be the biggest impact; so less project acceptances is going to mean these companies have less opportunity to make more money," said Josh Gilbert, market analyst at eToro.

"Broadly, it is probably something really negative for these companies - how negative that we may not see play out until we get commentary from the companies and how it will affect them directly."
https://www.xm.com/ph/research/markets/commodities/reuters/e…

[Oginvest]

Minmetals chairman sees broad scope to co-operate with Rio Tinto

BEIJING - There are strong prospects for co-operation between China Minmetals and global miner Rio Tinto, the Chinese firm's chairman, Weng Zuliang, said in a statement on the company's website on Friday.

Weng made the comment in a meeting on Thursday with Rio's chief executive, Jakob Stausholm, and an accompanying delegation from the Anglo-Australian company, the statement added.

He expressed hope for both sides to promote and deepen pragmatic co-operation in iron ore trading, and exploration and development of mineral resources as well as new energy, it said.

The firm's joint efforts in recent years had brought continuous achievements, the statement quoted Weng as saying.

"This will lay a solid foundation for future co-operation at a deeper level," Weng added.

Other global issues both sides could tackle were energy conservation and emission cuts, low-carbon development, adoption of Environmental, Social and Governance (ESG) norms and sustainable development, Weng said.

https://www.miningweekly.com/article/minmetals-chairman-sees…

[Oginvest]

Rio Tinto sees robust short term outlook for copper

The short-term outlook for copper is “pretty healthy,” with global stockpiles trending down and mine disruptions having eroded supply from Latin America, Rio Tinto’s head of copper Bold Baatar said on Tuesday.

“We’re seeing pretty good fundamentals,” he told Reuters after the opening of the underground phase of the Oyu Tolgoi copper mine in Mongolia, which is set to be the world’s fourth-largest copper mine when it is fully operational.

“Physical stocks of inventories of copper are at multi-year lows,” he said, adding that copper demand in China was “relatively strong.”

Global copper inventories held in warehouses monitored by the London Metal Exchange (LME) hit the lowest in 17 years last month as the global economy gathers steam post-covid 19, while Shanghai Futures Exchange stocks have turned down in recent weeks on seasonal demand pickup and as prices fell.

Benchmark copper on the LME traded down 0.6% at $8,876 a tonne on Tuesday, on a firm dollar, worries about the knock-on impact of a US banking crisis and as Chinese demand has not picked up as quickly as some had previously hoped.

But the contract has gained more than 5% year-to-date, and around a quarter from mid-July when it hit its weakest since late 2020.

“Overall, actually, there’s significant copper shortages in terms of the supply deficit that’s coming out of Latin America and the disruptions that are happening in countries like Peru.

“So at the moment, even in the short-term outlook, there’s a pretty healthy demand picture,” Baatar said.

Copper mines in Peru and Chile have been disrupted by protests that have blocked roads, impacting mine supplies getting in and concentrate shipments getting out.

Key copper mines in Peru, however, are cranking up activity again, power data analyzed by Reuters showed, potentially boosting supply from the world’s no. 2 producer.

https://www.mining.com/web/rio-tinto-sees-robust-short-term-…