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Asia

Update: Market Chatter: Rio Tinto Group Attracts Private Equity Interest for Potential Infrastructure Sale

(Updates with a response from Brookfield in the third paragraph.)Rio Tinto Group (ASX:RIO) has attracted interest from private equity firms Apollo Global Management, Kohlberg Kravis Roberts, Brookfield, and Blackstone as it prepares for a potential sale of its infrastructure assets in Western Australia's Pilbara region, The Australian's DataRoom reported on Tuesday.Morgan Stanley is assisting with the possible sale, which could fetch between AU$2 billion and AU$3 billion for Rio Tinto, according to the report.Brookfield declined to comment, while Rio Tinto and the three other private equity firms did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:RIO
Asia

Market Chatter: Rio Tinto Group Attracts Private Equity Interest for Potential Infrastructure Sale

Rio Tinto Group (ASX:RIO) has attracted interest from private equity firms Apollo Global Management, Kohlberg Kravis Roberts, Brookfield, and Blackstone as it prepares for a potential sale of its infrastructure assets in Western Australia's Pilbara region, The Australian's DataRoom reported on Tuesday.Morgan Stanley is assisting with the possible sale, which could fetch between AU$2 billion and AU$3 billion for Rio Tinto, according to the report.Rio Tinto and the four private equity firms did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:RIO
Asia

BHP, Rio Tinto Shares Fall 2% as Iron Ore, Copper Prices Decline

Shares of BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) both fell past 2% at the close of trading on Tuesday, tracking declines in the prices of iron ore futures.

ASX:BHPASX:RIO
Asia

BHP Group, Rio Tinto Shares Drop as Copper Futures Decline

BHP Group's (ASX:BHP) shares fell past 1% in recent trading on Monday, while those of Rio Tinto (ASX:RIO) declined nearly 1%, tracking an almost 1% drop in copper futures.

ASX:BHPASX:RIO
Asia

Rio Tinto Group Secures Agreement With Nyangumarta People for Western Australia Mine; Shares Down 4%

Rio Tinto Group (ASX:RIO) secured an agreement with the Nyangumarta Warrarn Aboriginal Corporation for the proposed Winu mine on Nyangumarta Country in Western Australia, the mining and metals company said in a statement on Thursday.The agreement outlines how the company will collaborate with Nyangumarta People and how Nyangumarta knowledge, priorities, and perspectives will inform planning and implementation of activities, per the statement.Nyangumarta People gave their consent for the proposed mine and associated infrastructure through the agreement.The project is a joint venture partnership wherein Rio Tinto holds a 70% interest and Sumitomo Metal Mining Co holds a 30% interest.Rio Tinto shares fell nearly 4% in midday trade Thursday.

ASX:RIO
Asia

Market Chatter: Rio Tinto Group to Acquire Queensland Bauxite Project

Rio Tinto Group (ASX:RIO) is set to acquire the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development, Bloomberg News reported on Tuesday.Rio Tinto confirmed it agreed to acquire the project, adding that the acquisition is for an undisclosed price and remains subject to relevant Queensland government and other Australian regulatory approvals, according to a statement from the mining firm to.The project is currently held under a mineral development license with a mining lease yet to be granted, the firm added.Meanwhile, Glencore also confirmed the sale in an email to.Mitsubishi Development has not yet responded to an email request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:RIO
Asia

Rio Tinto, Ngarlawangga People Sign Interim Agreement to Strengthen Co-Management

Rio Tinto Group (ASX:RIO) and Ngarlawangga Aboriginal have signed an interim modernized agreement to strengthen their partnership and establish a co-management approach for Ngarlawangga country, according to a Tuesday statement by the company.The agreement will ensure Ngarlawangga perspectives are considered in cultural heritage and land management decisions throughout the mine's lifecycle while providing greater certainty and long-term financial support for the community's cultural, social, and economic goals, Rio Tinto said.The company's shares fell 1% in recent Tuesday trade.

ASX:RIO
Asia

BHP Group, Rio Tinto Shares Advance as Iron Ore Price Crosses $100 Mark

BHP Group (ASX:BHP) shares rose past 1%, and Rio Tinto Group (ASX:RIO) climbed nearly 1% in recent Monday trade as iron ore prices recorded gains.Iron ore futures increased as much as 1.6% to $101.10 per ton in Singapore, surpassing the $100 mark for the first time in seven weeks, partly on expectations for increased buying from China ahead of holidays in October, Bloomberg reported.

ASX:BHPASX:RIO
International

Copper Prices Rise Above $14,000 per Tonne Due to Supply Shortage, ANZ Says

Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.Tariff-driven metal flows into the US also continue to distort the global copper balance.The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.BHP Group's (ASX:BHP) shares fell 1% in recent trading on Thursday, while those of Rio Tinto (ASX:RIO) and Capstone Copper (ASX:CSC) rose 1%.

ASX:BHPASX:CSCASX:RIO
Asia

Market Chatter: Western Australia Government Calls on Miners to Honor Decarbonization Commitments

The Western Australian government is urging big mining firms to make good on their decarbonization pledges and support the state's complicated green energy transition, the Australian Financial Review reported late Wednesday.State Energy Minister Amber-Jade Sanderson said in an interview with the publication that the government wants mining firms to coordinate the development of shared infrastructure to help advance the shift to green energy.For years, miners have built rail lines and power grids in the state's Pilbara region for their own exclusive use, while BHP Group (ASX:BHP) and Rio Tinto Group (ASX:RIO) have also made cuts to their green spending initiatives, according to the report.Shares of BHP fell 2% in recent Thursday trade, while Rio gained 1%. The two companies did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:BHPASX:RIO
Asia

Aurelia Metals Appoints CEO

Aurelia Metals (ASX:AMI) appointed Steve Badenhorst as chief executive, effective Oct. 6, according to a Tuesday Australian bourse filing.Badenhorst most recently held the position of group head of asset management at Rio Tinto Group (ASX:RIO), the filing said.

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Asia

BHP, Rio Shares Rise Amid Higher Iron, Copper Ore Prices

Shares of BHP (ASX:BHP) and Rio Tinto (ASX:RIO) rose in Monday's trade as markets digested higher iron and copper ore prices.BHP shares rose more than 3%, and Rio Tinto shares rose 1% in recent trade.

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Asia

Shares of BHP Group, Sandfire Resources Rise as Copper Nears Record

Shares of BHP Group (ASX:BHP) and Sandfire Resources (ASX:SFR) rose over 1% and 2%, respectively, in recent trading on Monday as copper prices neared a new record, rising over 15% within the year.Rio Tinto's (ASX:RIO) shares advanced 1%.Copper contracts for delivery in three months rose to $14,331 per tonne on the London Metal Exchange, nearing an earlier record of $14,527.50 per tonne.

ASX:BHPASX:RIOASX:SFR
Asia

Rio Tinto Group Backs Long-Term Power Agreement for Tomago Aluminium; Shares Down 3%

Rio Tinto Group (ASX:RIO) welcomed an agreement between Tomago Aluminium and the Australian and New South Wales governments that will secure reliable, internationally competitive power for Australia's largest aluminum smelter through 2038, according to a Thursday Australian bourse filing.Tomago Aluminium is an independently managed joint venture owned by Rio Tinto, which holds a nearly 52% stake, Gove Aluminium Finance with about 36%, and Norsk Hydro with more than 12%, per the filing.The smelter will receive 100% renewable electricity from 2033 under a 10-year power purchase agreement, backed by AU$1.1 billion in investment, including AU$100 million for decarbonization, the filing said.The deal follows a similar agreement reached in March for the company's Boyne smelter in Queensland, ensuring long-term, cost-competitive and lower-carbon power for Australia's two largest aluminum smelters, the filing added.The mining giant's shares fell 3% in recent Thursday trade.

ASX:RIO
Asia

Market Chatter: Chinese Iron Ore Buyer CMRG Reportedly Tells Steel Millers to Stall Talks with Rio Tinto for September Cargoes

China Mineral ​Resources Group instructed steel mills in China to delay negotiations with Australian mining giant Rio Tinto (ASX:RIO) for shipments starting in September, Reuters reported Thursday, citing unnamed sources.The latest move from the Chinese state-owned iron ore purchaser, which is believed to be negotiating the purchase of more than half of China's annual iron ore volumes, is reportedly a way to put pressure on some mills to give CMRG negotiation rights for procurement deals.Rio Tinto did not immediately respond to a request for comment from, while CMRG could not be reached.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEASX:RIO
Asia

Monadelphous Group Secures AU$165 Million Rio Tinto Contract for Western Australia Project

Monadelphous Group (ASX:MND) has secured a AU$165 million contract with Rio Tinto Group (ASX:RIO) through its non-process infrastructure business Kerman Contracting to support the Brockman Syncline 1 project in Western Australia's Pilbara region, according to a Friday filing with the Australian bourse.The contract covers the design and construction of mine infrastructure facilities, including equipment workshops, washdown areas, tire change facilities, and fuel storage systems, per the filing.Work is scheduled to begin in 2026 and is expected to be completed by 2028, the filing added.

ASX:MNDASX:RIO
Asia

Australian Shares Advance; Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue

Australian shares advanced further on Wednesday, as investors reacted to softer-than-expected June quarter inflation data, cutting expectations of a rate hike.The S&P/ASX 200 Index gained 1.01%, or 90.80 points, to close at 9,038.60, setting a new 100-day high.Brent crude oil futures rose to trade around $86 per barrel after the US military said Iran launched multiple ballistic missiles, which had been intercepted.Overnight on Wall Street, the Dow Jones Industrial Average rose 1% and the S&P 500 inched up 0.2%, while the Nasdaq Composite fell 0.2%.On the domestic front, Australia's consumer price index rose 3.8% in the 12 months to June from a 4% increase in the year to May. Trimmed mean annual inflation was 3.6% in the 12 months to June, unchanged from the 12 months to May.In company news, Rio Tinto Group (ASX:RIO) reported Wednesday that its underlying earnings per basic share in the first half rose to $4.214, from $2.96 a year earlier. Consolidated sales revenue for the six months ended June 30 was $31.03 billion, up from $26.87 billion in the same period last year.Woodside Energy Group (ASX:WDS) reported second-quarter operating revenue of $4.19 billion, up 28% from $3.28 billion a year earlier. The company's quarterly production volume hit 41.3 million barrels of oil equivalent (MMboe), down 18% from 50.1 MMboe in the year-ago period.Lastly, CSL (ASX:CSL) is set to conduct clinical trial work to confirm the efficacy and safety of immunoglobulin manufactured using its Horizon 2 process. It expects clinical activities to start in mid-2027.

ASX 200ASX:CSLASX:RIOASX:WDS
Asia

Update: Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue; Shares Up 5%

(Updates to add stock movement in the headline and last paragraph)Rio Tinto Group (ASX:RIO) reported Wednesday that its underlying earnings per basic share in the first half rose to $4.214, from $2.96 a year earlier.Analysts polled by FactSet were expecting an earnings of $4.32.Consolidated sales revenue for the six months ended June 30 was $31.03 billion, up from $26.87 billion in the same period last year. Analysts surveyed by FactSet expected $31.17 billion.The company maintained its 2026 guidance, forecasting consolidated copper production of 800,000 to 870,000 tonnes and total iron ore sales of 343 million to 366 million tonnes.The board declared an interim dividend of $2.11 per share, up from the $1.48 in the prior corresponding period, payable on Sept. 24 to shareholders on record as of Aug. 14.The company's shares rose around 5% in recent Wednesday trade.

ASX:RIO
Asia

ASX Preview: Australian Shares to Rise as Oil Slides on US-Iran Ceasefire Hopes; Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue

Australian shares are poised to rise on Wednesday, tracking a sharp drop in oil prices as hopes for a sustained pause in US-Iran hostilities eased concerns over global crude supply disruptions despite continued geopolitical uncertainty.Overnight, the S&P 500 and the Dow Jones Industrial Average rose 0.2% and 1%, respectively, while the Nasdaq Composite fell 0.2%.In the macroeconomy, Australia's consumer price index report is due at 11:30 am Sydney time.In corporate news, Rio Tinto Group (ASX:RIO) reported Wednesday first-half underlying earnings of $4.214 per basic share on revenue of $31.03 billion, compared with underlying earnings of $2.96 on revenue of $26.87 billion a year earlier.Woodside Energy Group's (ASX:WDS) operating revenue rose to $4.19 billion in the second quarter ended June 30 from $3.28 billion a year earlier.Australia's benchmark index rose 0.6%, or 53.8 points, to close at 8,947.80 on Tuesday.

ASX 200ASX:RIOASX:WDS
Asia

Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue

Rio Tinto Group (ASX:RIO) reported Wednesday that its underlying earnings per basic share in the first half rose to $4.214, from $2.96 a year earlier.Analysts polled by FactSet were expecting an earnings of $4.32.Consolidated sales revenue for the six months ended June 30 was $31.03 billion, up from $26.87 billion in the same period last year. Analysts surveyed by FactSet expected $31.17 billion.The company maintained its 2026 guidance, forecasting consolidated copper production of 800,000 to 870,000 tonnes and total iron ore sales of 343 million to 366 million tonnes.The board declared an interim dividend of $2.11 per share, up from the $1.48 in the prior corresponding period, payable on Sept. 24 to shareholders on record as of Aug. 14.

ASX:RIO

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