Latest Rio Tinto News

Fenix Resources delivered record iron ore shipments and haulage volumes in the June 2026 quarter, achieving full-year FY26 production within guidance while maintaining cash costs. The company strengthened its balance sheet with a US$44 million funding facility and forged a new freight partnership to reduce shipping costs.

AuKing Mining has rapidly advanced its Tundulu Rare Earths Project in Malawi, confirming extensive carbonatite mineralisation beyond historical targets and securing $8 million to fund an expanded drilling campaign including diamond drilling.

Barramundi’s portfolio returned a solid 3.8% gross gain in Q2 2026, driven by strong AI-related infrastructure plays and takeover interest in key holdings, despite sector volatility and profit downgrades in healthcare and logistics.

BHP delivered record iron ore volumes and stable copper production of around 2 million tonnes in FY26, underpinned by disciplined cost control and a robust growth pipeline including the Ministers North project.

GenusPlus has landed a $55 million contract to build the 220kV Millstream Substation for Rio Tinto in WA's Pilbara, extending a key infrastructure partnership and boosting its FY2027 order book.

LCL Resources has been granted the Kau Creek Exploration Licence in Papua New Guinea, consolidating its tenure over a significant mineralised corridor with historic high-grade gold and silver results. The milestone triggers a A$200,000 payment from Rio Tinto under their farm-in agreement, setting the stage for expanded exploration.

Rio Tinto reported a 3% year-on-year increase in copper equivalent production for H1 2026, driven by Oyu Tolgoi’s 31% growth and record iron ore output in the Pilbara, while maintaining full-year guidance amid geopolitical headwinds.

Macro Metals has secured 100% of the Yandi South Iron Ore Project, adding a historical 4.28Mt resource and promising exploration upside near major Pilbara mines. The deal complements its existing Extension Iron Project stake and mining services contracts.

G11 Resources has confirmed a significant 90m zone of hydrothermal alteration at its Zig Zag target in Tasmania, with further drilling and surveys underway to test the open-ended geophysical anomaly.

ABx Group’s ALCORE subsidiary has begun civil construction at its Bell Bay pilot plant, advancing a novel process to produce hydrogen fluoride from aluminium smelter by-products, addressing Australia’s dependence on imports.

Energy Resources of Australia faces extended uncertainty as Zentree Investments lodges an appeal against Rio Tinto’s compulsory acquisition, prolonging ERA’s delisting and share suspension.

Rio Tinto has opted out of operating Sovereign Metals' Kasiya project, ending its exclusive marketing rights and allowing Sovereign to pursue a US-focused critical minerals approach. Sovereign aims to secure binding offtake deals with US and allied partners, leveraging Kasiya's strategic minerals for Western supply chains.