Rio TintoNYSE: RIO

TNR Gold executive chairman Kirill Klip joined Steve Darling from Proactive to discuss recent updates from McEwen Mining regarding the Los Azules copper, gold and silver project in San Juan, Argentina, on which TNR holds a 0.4% net smelter returns royalty. Proactive: Welcome back to our Proactive newsroom.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces today that it has closed its previously announced public offering of 97,307,710 common shares of the Company (“Common Shares”) at a price of ‎C$0.65 per Common Share for gross proceeds of approximately C$63 million, including the full exercise ‎of the agents' option (the “Public Offering”). The Public Offering was conducted pursuant to ‎the terms and conditions of an agency agreement entered into between the Company and ‎Raymond James Ltd.

SALT LAKE CITY, Utah--(BUSINESS WIRE)--Rio Tinto has completed the transition from conventional to renewable diesel for all heavy mining equipment at its Kennecott copper mine in Utah, giving the mine one of the lowest carbon footprints of any copper producer in the United States. Kennecott's fleet of 97 haul trucks and heavy machinery equipment at the mine, concentrator, smelter, refinery and tailings are now all fueled by renewable diesel1 sourced in the United States. This is expected to red.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that it has arranged a mine construction financing package expected to total approximately US$150 million for construction and general working capital of the Company's 100%-owned Fenix Gold Project in Chile (“Fenix Gold” or the “Project”). This funding package marks a significant de-risking milestone for Fenix Gold, and with all key sectorial permits for construction now in hand, Rio2 is positioned to fully execute the development, ramp-up and operation of the Fenix Gold mine.

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium. Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price.

Rio Tinto's $6.7 billion acquisition of Arcadium Lithium positions it as a major player in the growing lithium market, despite current low prices. The company continues to perform well, with strong earnings and a high FCF yield, supporting a comfortably affordable dividend of over 4%. Rio Tinto's growth projects, including Simandou and Pilbara Iron Ore, promise substantial future revenue and production increases.

Rio Tinto Group (NYSE:RIO ) Acquisition of Arcadium Lithium Conference October 9, 2024 4:30 AM ET Company Participants Jakob Stausholm - Chief Executive Paul Graves - CEO, Arcadium Lithium Conference Call Participants Liam Fitzpatrick - Deutsche Bank AG Alain Gabriel - Morgan Stanley Kaan Peker - RBC Capital Markets Robert Stein - Macquarie Research Glyn Lawcock - Barrenjoey Markets Pty Limited Ephrem Ravi - Citigroup Inc. Patrick Mann - BofA Securities Richard Hatch - Berenberg Mitch Ryan - Jefferies Operator Jakob Stausholm Good morning to everyone in the UK and good evening to those of you joining from Australia. Thank you for tuning in.

Rio Tinto plc ADR (NYSE:RIO) is getting into the lithium market.

Rio Tinto (RIO, Financial), the world's second-largest mining company, has received board approval for its $6.7 billion cash acquisition of Arcadium Lithium (ALTM). This strategic move aims to position Rio Tinto as a leading producer of critical battery materials.