Rio Tinto

Rio Tinto confirms exchange rates for the interim dividend of 211.00 US cents per share for the half-year ended 30 June 2026; payment to be made on 24 September 2026. Conversion results in 156.661841 pence per share (GBP rate 1.34685), 296.410761 cents (AUD rate 0.71185) and 366.478506 cents (NZD rate 0.57575). Shareholders who elected US dollars, and holders of American Depositary Receipts, will receive the dividend in US dollars; the arrangement applies to both listings and reflects the dual-listed structure. » More on de.investing.com

Rio Tinto will acquire the Aurukun bauxite project in Cape York from a Glencore–Mitsubishi Development joint venture for undisclosed terms, pending Queensland government and other regulatory approvals. The deal would expand Rio Tinto’s Queensland footprint and provide long‑term bauxite resource and production potential that could leverage existing infrastructure. Major risks include the project’s lack of a mining lease, concerns from the Wik Waya Traditional Owners about consultation, development and capital costs, and uncertain aluminium market conditions that limit near‑term earnings impact. » More on finance.yahoo.com

Rio Tinto shares fell about 3.2% after China Mineral Resources Group instructed domestic steel mills to suspend negotiations over Rio Tinto’s core product “Pilbara Blend” until price talks are concluded. Investors are now questioning how much the company is protected from pressure from China by its relationship with Chinalco, even though Chinalco is a partner and major shareholder. Weaker Chinese steel production is also weighing on iron ore prices, clouding Rio Tinto’s near-term earnings outlook and guidance and triggering broad losses in the Australian mining sector. » More on de.investing.com