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Blue Horizon Investments (24%) and RBM permanent employees (2%) also have an interest in the mine. Prior to 2012, BHP Billiton owned 37% but that interest was later purchased by Rio Tinto in February 2012. [3] In April 2019, Rio Tinto announced an investment into the Zulti South project, which is located south of Richards Bay. [4]
Rio Tinto's iron ore operations in the Pilbara began in 1966, [2] with the Mount Tom Price mine opening that year. Mount Tom Price was the company's first mine to open in the Pilbara. [8] The mine has an annual production capacity of 28 million tonnes of iron ore, sourced from open-pit operations.
RTZ was the heir to the historic Rio Tinto Company Limited, which had controlled the Rio Tinto mine complex between 1873 and 1954. With the creation of Rio Tinto Minera, the ERT group brought all the business lines in the mining basin (copper, gold, silver and pyrites) under the same management. [ 1 ]
A persistent downward trend in iron ore prices is expected to weigh significantly on earnings of top Australian miners, UBS analyst Lachlan Shaw said. Rio Tinto, Fortescue record profits near end ...
On Monday, Rio Tinto (NYSE:RIO) confirmed that it is in non-binding talks to acquire Arcadium Lithium (NYSE:ALTM), a major lithium miner formed from the merger of Livent and Allkem. Both companies ...
This page was last edited on 10 January 2025, at 02:46 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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Rio Tinto Group is a British-Australian multinational company that is the world's second largest metals and mining corporation (behind BHP). [3] It was founded in 1873 when a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions.