Rio TintoNYSE: RIO

NHULUNBUY, Australia--(BUSINESS WIRE)--Two new 5.25MW solar farms will be built on Gumatj and Rirratjingu country on the Gove Peninsula in the Northern Territory, as Rio Tinto works to secure a more sustainable power supply for the region beyond mining. The solar farms will be built on Rio Tinto leases, following agreement with the Gumatj and Rirratjingu Traditional Owner Groups on the location of the facilities, and will help underpin a low-carbon future for the Gove community after mining ope.

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) has entered negotiations to prevent a strike at its Oyu Tolgoi copper mine in Mongolia. The potential strike is due to a dispute over worker salaries and benefits.

Rio Tinto (RIO) is set to deploy carbon-free aluminum smelting cells using the first ELYSIS license at its smelter in Canada, a significant step in its efforts to decarbonize its aluminum operations.

Global miner Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an earlier strike in May.

Rio Tinto is among the most attractive high dividend plays in the basic materials sector with a current yield of 6.6%. From an operation point of view, there are no immediate risks for the dividend as management steers the business in the right direction. The main risks for the dividend are related to external macroeconomic factors which are slowly being negated.

Rio Tinto Group is a large mining corporation with a market capitalization of over $100 billion, susceptible to changes in ore prices but generating strong cash flow. Despite facing changing demand and market conditions, Rio Tinto continues to focus on strong financial performance and resilient results, paying high dividends to shareholders. The company is investing heavily in growth projects like Oyu Tolgoi and Simandou to support continued earnings growth and drive strong shareholder returns in a volatile cycle.

Rio Tinto (RIO) is set to acquire Mitsubishi's 11.65% interest in Boyne Smelters, taking its interest in the venture to 73.5%.

Seamless Performance and Real-Time, Intelligent Surveillance Keep Attendees Safe Detroit, Michigan, June 10, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is thrilled to announce the successful deployment of 4 RAD RIO ™ (ROSA Independent Observatory) solar-powered mobile surveillance units (MSU) during the 2024 CMA Fest in Nashville, Tennessee.  The CMA Fest, one of the most significant country music events in the world, saw tens of thousands of fans flock to Nashville for an unforgettable weekend of music and entertainment.

Deutsche Bank has raised its target for shares in Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)to 6,200p a share from 6,000p following the steep rise in the price of copper. It pointed out the red metal reached the bank's previous year-end target of $10,000 per tonne, reflecting improving global growth "and a surge in speculative flows against a backdrop of structurally tight supply".