Rio Tinto

Rio Tinto has reached an agreement to take over the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development; financial terms were not disclosed. The project is close to existing Rio Tinto operations, holds an exploration licence but not a mining lease, and will not immediately boost production. The transaction is subject to Queensland government approvals; plans foresee potential extraction of up to 8 million t annually for more than 20 years. » Más en de.investing.com

Rio Tinto acquires an initial 5% stake in Mogotes Metals by subscribing for 30,387,857 units at C$0.70 each, paying about US$15 million (C$21.3 million). Each unit comprises one common share and one-half warrant, with warrants exercisable within 18 months at C$1.00 and potentially generating additional proceeds. The two companies enter a strategic-technical alliance for the Filo Sur project in Argentina/Chile; Rio Tinto receives 15 months of exclusivity, a right to match and a top-up right that could increase its holding to up to 9.99% (exercise price: VWAP or last closing price plus 20%). A concurrently placed follow-on offering raised an additional C$5.6 million; all securities are subject to a four-month hold period. » Más en de.investing.com

Rio Tinto reports a 15% revenue increase to USD 31.0bn for the first six months of 2026, an EBITDA rise of 28% to USD 4.8bn and a net profit increase of 47% to USD 6.7bn. Production of copper, aluminium and lithium rose by 3%, and Pilbara iron ore production reached its highest level since 2018. The group plans to expand lithium capacity from at least 61,000 tonnes in 2026 to up to 200,000 tonnes by 2028 and benefits in the short term from export disruptions through the Strait of Hormuz. The stock appears cheap versus peers with a P/E of 12 and a dividend yield of 4.7%, undervalued compared with BHP, Glencore and Anglo American. » Más en deraktionaer.de