6 items across 5 digests
Rio Tinto is implementing cost cuts and restructuring across global divisions, with job reductions likely as the company targets simpler operations and faster decision-making. This signals mining companies are optimizing operations amid market pressures, potentially affecting critical mineral supply chains and production capacity.
Lucy Potter, currently general manager at Rio Tinto's Iron & Titanium and Diamonds division, was appointed as CIM's 2028-29 president-elect. This appointment brings Rio Tinto expertise to the leadership of a major mining industry organization.
Rio Tinto, Resource Minerals and Sidney led April mining stock gains driven by geopolitics, rising costs and supply strain. Copper investments and exploration activities generated the strongest momentum in the mining sector.
Rio Tinto commissioned a new alumina conveyor at its BC smelter with a 50-year operational design life. This infrastructure replaces equipment dating back to the 1960s, representing a significant operational upgrade for the facility.
Richards Bay Minerals, part of Rio Tinto, is now receiving electricity from a newly commissioned solar farm in Limpopo for its KwaZulu-Natal mineral sands operations. This arrangement demonstrates how major mining companies are securing renewable energy across provincial boundaries to power critical mineral extraction operations.
Rio Tinto secured land rights for its Resolution Copper project and launched a $500 million drilling program. This major investment advances one of the largest undeveloped copper deposits in North America, potentially significant for U.S. copper supply security.
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