Diversified mining titan Rio Tinto (ASX: RIO) is set to purchase the “world-class” lithium chemical producer Arcadium Lithium in an effort to grow its position as a global leader in the production of energy transition commodities. Valued at US$6.7 billion, the all-cash deal represents a sturdy 90 per cent premium to Arcadium’s closing share price
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The stars are very much aligned when it comes to the relationship between power and communications infrastructure provider GenusPlus (ASX: GNP) and the ASX mining giants. After securing a $30 million powerline contract with Fortescue Metal Group (ASX: FMG) in December 2021 and $15 million substation contract with Fortescue Future Industries (FFI) around the same
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In a bid to support local businesses, mining giant Rio Tinto (ASX: RIO) has engaged Matrix Composites & Engineering Ltd (ASX: MCE) to help it develop and manufacture a replacement product for structural steel components for trials at Rio Tinto’s iron ore operations in Western Australia. Though it is a joint development agreement, Matrix will
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Despite Rio Tinto (ASX: RIO) originally saying the class action lawsuit brought against them over their Mongolian copper-gold project had no merit, the mining giant has agreed to settle the suit acknowledging that they hadn’t disclosed massive costs and delays for the project Rio Tinto operates the Oyu Tolgoi mine in Mongolia via its Canadian
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