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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
Asia

Duratec Secures Four Contracts Totaling AU$70 Million

Duratec (ASX:DUR) said it secured four contracts across its core energy, marine, and mining and industrial sectors for a combined value of around AU$70 million, according to a Tuesday Australian bourse filing.This included a construction management contract at Orica's (ASX:ORI) Hunter Valley hydrogen hub, a contract to deliver ECI services as part of the design of the jet fuel expansion program on behalf of Perth Airport, a wharf infrastructure remediation project by Fremantle Port Authority as part of the Kwinana Bulk Jetty upgrade, and the Gove structural integrity remediation services project at Rio Tinto's (ASX:RIO) bauxite export facilities in Nhulunbuy, Northern Territory, the company said.Duratec's shares added about 1% in recent Tuesday trade, while Rio Tinto Group's shares were down 2%.

ASX:DURASX:ORIASX:RIO
Asia

Rio Tinto Signs Five-Year Bio Pellet Offtake Agreement With SuperChar for Gladstone Alumina Refineries

Rio Tinto (ASX:RIO) signed a five-year offtake agreement with Australian bioenergy company SuperChar for the supply of locally produced bio pellets for use at its alumina refineries in Gladstone, with deliveries targeted to commence in 2028, according to a Wednesday statement.The company said it plans to undertake a range of operational demonstrations and assessments of bio pellet blends ranging from 5% to 50% as a supplement to coal used in boilers at its Gladstone alumina refineries, with scope to increase supply over time if the project is successful.SuperChar plans to establish a bio pellet production facility in the Gladstone region using locally grown bana grass as feedstock, with initial capacity to produce 35,000 tonnes of bio pellets per year, and at full contract volumes could reduce reported Scope 1 emissions by up to 90,000 tonnes of carbon dioxide equivalent annually, the statement added.SuperChar is targeting the progressive roll-out of bana grass planting starting later in the year, with bio pellet production to begin in 2028.Rio Tinto's shares rose 2% in recent Wednesday trade.

ASX:RIO
Asia

Fortescue, Rio Tinto Shares Fall as Iron Ore Price Drops

Shares of Fortescue (ASX:FMG) fell nearly 1%, and those of Rio Tinto (ASX:RIO) were down 0.2% in recent trading on Tuesday after iron ore prices fell to the lowest level in nearly two weeks.The price of iron ore dropped by 1% to $98.60 per tonne.Meanwhile, shares of BHP Group (ASX:BHP) gained nearly 1%.

ASX:BHPASX:FMGASX:RIO
Asia

Rio Tinto Group's Second-Quarter Update Broadly in Line With Expectations, RBC Capital Markets Says

Rio Tinto Group's (ASX:RIO) second-quarter update was broadly in line with expectations, although a roughly $1.2 billion increase in working capital that weighed on cash flow was a highlight, RBC Capital Markets said in a Wednesday note.The focus now turns to first-half results due July 29, with the investment firm forecasting a 28% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), and flat net debt at $14.3 billion.The company's second-quarter Pilbara shipments of 85.3 million tonnes rose 7% from a year earlier and 18% from the linked quarter as roughly half of the 8 million tonnes of first-quarter cyclone losses were recovered, RBC said.The miner also cut its copper C1 net ​unit cost forecast to between $0.30 and $0.50 per pound, reflecting stronger-than-expected gold by-product credits and productivity gains. RBC expects copper to contribute 30% to group EBITDA in the first half, up from 27% in the same period a year earlier.Additionally, the equity research firm expects the company to report first-half underlying EBITDA of $14.87 billion and a net profit after tax of $6.4 billion. It does not foresee any changes to Rio Tinto's full-year outlook.RBC kept an underperform rating on Rio Tinto with a price target of AU$143.

ASX:RIO
Asia

Australian Shares Up; Rio Tinto Group Reports Lower Q2 Copper Production

Australian shares rose on Wednesday as investors reacted to a slowdown in inflation in the US.The S&P/ASX 200 Index rose 0.37%, or 32.60 points, to close at 8,841.10.The US consumer price index fell 0.4% in June, its first decline since the COVID-19 pandemic.Brent crude oil futures were trading around $85 per barrel as hostilities continued between the US and Iran.Overnight, the S&P 500 and Nasdaq Composite rose 0.4% and 0.9%, respectively.In company news, Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes. Iron ore production at its Pilbara operations during the period remained flat year over year at 83.5 million tonnes, while Pilbara iron ore sales rose 7% to 85.3 million tonnes.Kingsgate Consolidated (ASX:KCN) has restarted processing at Thailand-based Chatree gold mine's Plant 1 at 50% of normal capacity following remediation works and modifications to the plant's processing circuit.Lastly, Evolution Mining (ASX:EVN) reported group production of 179,655 ounces of gold for the June quarter. Group production was 182,388 ounces of gold in the prior corresponding period.

ASX 200ASX:EVNASX:KCNASX:RIO
Asia

GenusPlus Secures AU$55 Million Contract for Western Australia Substation Expansion from Rio Tinto

GenusPlus Group (ASX:GNP) secured a contract valued at around AU$55 million for the construction of a 220 kilovolts Millstream substation expansion at the Millstream substation project site in Western Australia under the master construction agreement with Rio Tinto Group (ASX:RIO), according to a Wednesday Australian bourse filing.Construction will begin immediately and is estimated to be completed in mid-2028. Genus was awarded a master construction agreement for electrical, instrumentation, and control works from Rio Tinto in March.Shares of GenusPlus rose over 2% in recent trading on Wednesday, while those of Rio advanced over 1%.

ASX:GNPASX:RIO
Wire

Rio Tinto Group's Q2 Update Shows Production in Line With Consensus, Says Jefferies

Rio Tinto Group (ASX:RIO) reported second quarter production exceeding expectations for Pilbara iron ore production and shipments, while performance across its other major operating assets was also broadly in line with market forecasts, according to a Wednesday Jefferies note.The investment firm added that the company has reduced unit cost guidance in copper to $0.30 to $0.50 per pound from $0.65 to $0.75 per pound due to higher gold prices and operational improvement initiatives."While mostly an uneventful report from Rio, the [quarter-on-quarter] rebound in volumes at certain assets in 2Q is encouraging," the investment firm said.Jefferies kept a hold rating on Rio Tinto with a price target of AU$187.The company's shares rose past 1% in recent Wednesday trade.

ASX:RIO
Asia

Update: Rio Tinto Group Reports Lower Q2 Copper Production; Reaffirms 2026 Targets

(Updates to add stock movement in the fourth paragraph)Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes, according to a Wednesday Australian bourse filing.The company said iron ore production at its Pilbara operations during the period remained flat year over year at 83.5 million tonnes, while Pilbara iron ore sales rose 7% to 85.3 million tonnes.The company maintained its 2026 Pilbara iron ore sales guidance at 323 million to 338 million tonnes. It also reaffirmed its consolidated copper production guidance of 800,000 to 870,000 tonnes and global iron sales outlook of 343 million to 366 million tonnes.The company's shares rose past 1% in recent Wednesday trade.

ASX:RIO
Asia

ASX Preview: Australian Shares to Rise Amid Middle East Tensions; Rio Tinto Group Reports Lower Q2 Copper Production

Australian shares are poised to rise on Wednesday after oil prices climbed to a one-month high as renewed US-Iran tensions and concerns over disruptions to crude flows through the Strait of Hormuz lifted energy stocks, while investors weighed the inflation risks from higher fuel costs.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.4%, 0.9%, and 0.02%, respectively.In the macroeconomy, investors are eyeing the consumer inflation expectations report on Thursday.In corporate news, Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes.Evolution Mining (ASX:EVN) reported group production of 179,655 ounces of gold for the June quarter.Australia's benchmark index closed flat at 8,808.50 on Tuesday.

ASX 200ASX:EVNASX:RIO
Asia

Rio Tinto Group Reports Lower Q2 Copper Production; Reaffirms 2026 Targets

Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes, according to a Wednesday Australian bourse filing.The company said iron ore production at its Pilbara operations during the period remained flat year over year at 83.5 million tonnes, while Pilbara iron ore sales rose 7% to 85.3 million tonnes.The company maintained its 2026 Pilbara iron ore sales guidance at 323 million to 338 million tonnes. It also reaffirmed its consolidated copper production guidance of 800,000 to 870,000 tonnes and global iron sales outlook of 343 million to 366 million tonnes.

ASX:RIO
Asia

Rio Tinto Group Says JP Morgan Ceases to be Substantial Holder

Rio Tinto Group (ASX:RIO) said JPMorgan Chase and its affiliates ceased to be substantial holders of the firm, effective July 9, according to a Tuesday Australian bourse filing.

ASX:RIO
Asia

ASX Midday Sector Update: Materials Stocks Rise, Health Care Struggles

Materials stocks advanced 2.3% to lead gainers in midday trading Friday as markets digested reports of renewed clashes in the Middle East.BHP Group (ASX:BHP) shares rose nearly 3%, and Rio Tinto (ASX:RIO) climbed past 3%.On the flip side, health care stocks fell 1.6% to lead decliners.Sigma Healthcare (ASX:SIG) was 2% lower after it said on Thursday that shareholders Jack and Sam Gance may sell up to 20% of their respective stakes in the company once the shares are released from escrow.

ASX 200ASX:BHPASX:RIOASX:SIG
Equities

Energy Resources of Australia Shareholder Appeals Court Approval of Rio Tinto's Compulsory Takeover

Energy Resources of Australia (ASX:ERA) said shareholder Zentree Investments is appealing the Australian Federal Court's approval of Rio Tinto Group's (ASX:RIO) compulsory acquisition of the remaining shares in the firm, according to a Wednesday filing with the Australian bourse.The appeal extends the timeframe for the deal's completion to 14 days after the appeal is determined.Energy Resources of Australia said it will monitor the appeal proceedings and engage with the ASX to determine what implications the appeal has on its suspension from trading and delisting.Rio Tinto shares fell 2% in recent Wednesday trade.

ASX:ERAASX:RIO
Japan

ASX Midday Sector Update: Energy Stocks Gain, Materials Struggle

Energy stocks led gainers with a rise of 2.6% in midday trading Wednesday as oil prices advanced more than 2%.Woodside Energy (ASX:WDS) gained nearly 3%, and Santos (ASX:STO) jumped almost 5%.Most other sectors were lower, however, with materials shedding 2.4% to lead decliners.BHP Group (ASX:BHP) fell about 3%, and Rio Tinto Group (ASX:RIO) retreated past 2%.

ASX 200ASX:BHPASX:RIOASX:STOASX:WDS
Asia

Rio Tinto Group Says JPMorgan Chase Becomes Substantial Holder

Rio Tinto Group (ASX:RIO) said that JPMorgan Chase and its affiliates acquired voting power of 5.13%, making them substantial holders as of July 1, according to a Monday Australian bourse filing.The bank holds 19.1 million ordinary shares of the mining giant.Rio Tinto's shares gained about 1% in recent Monday trade.

ASX:RIO
Asia

Australian Shares Fall; Washington H. Soul Pattinson to Sell Brickworks Industrial JV Stake to Goodman in Nearly AU$2 Billion Deal

Australian shares fell on Thursday as investors reacted to signals from the US Federal Reserve regarding a potential rate hike later in the year.The S&P/ASX 200 Index dropped 0.62%, or 55.20 points, to close at 8,911.10.The US Federal Reserve left interest rates unchanged, but policymakers indicated they expected higher borrowing costs later in the year. On Wall Street, the Nasdaq Composite fell 1.3%, and the S&P 500 was down 1.2%.The US and Iran released the text of an agreement, which extends a ceasefire declared in April by another 60 days to allow the two countries to negotiate a final ​deal. Brent crude oil futures traded around $78 per barrel.On the domestic front, advertised salaries in Australia recorded a 0.3% month-on-month increase in May, pointing to sluggish growth in recent months, according to the SEEK Advertised Salary Index.Job ads in Australia in May fell 0.8% month on month and 4.5% year on year, while applications per job ad rose 3.6% month on month and are now 5.5% higher year on year, according to a report by Seek.In company news, Washington H. Soul Pattinson (ASX:SOL) has agreed to divest its interest in certain Brickworks (ASX:BKW) property division industrial joint venture (JV) trust assets to Goodman Australia Industrial Partnership and related Goodman Group (ASX:GMG) entities for AU$1.89 billion under a binding agreement.Challenger (ASX:CGF) entered a binding agreement to combine its Fidante multi-affiliate funds management business with Channel Capital, creating a new entity to be named Channel Group. Fidante will merge with Channel Capital under Channel Group to form an active investment platform managing roughly AU$150 billion across equities, fixed income, and alternative assets.Lastly, Rio Tinto Group's (ASX:RIO) Oyu Tolgoi unit in Mongolia has resumed regular concentrate export shipments. The Oyu Tolgoi copper and gold deposit is jointly owned by the government of Mongolia, which has a 34% stake, and Rio Tinto, which owns the remaining 66%.

ASX 200ASX:CGFASX:RIOASX:SOL
Asia

Rio Tinto Group's Oyu Tolgoi Unit in Mongolia Resumes Concentrate Export Shipments

Rio Tinto Group's (ASX:RIO) Oyu Tolgoi unit in Mongolia has resumed regular concentrate export shipments, according to a Thursday social media post on X.The operation injects an average of 23 billion Mongolian tugrik into the country's economy every day and accounts for more than 10% of Mongolia's gross domestic product, according to the post.The Oyu Tolgoi copper and gold deposit is jointly owned by the government of Mongolia, which has a 34% stake, and Rio Tinto, which owns the remaining 66%, according to the company's website.The company's shares fell nearly 2% in recent Thursday trade.

ASX:RIO
Asia

Southern Cross Electrical Raises Fiscal 2026 EBITDA Outlook; Secures AU$150 Million of Work Awards; Launches Capital Raising Initiatives

Southern Cross Electrical Engineering (ASX:SXE) said it is raising its profitability outlook for fiscal 2026 after securing more than AU$150 million of new work awards, according to a Monday filing with the Australian bourse.The awards include one for its Heyday subsidiary for initial electrical and communications works on the first stage of Nextdc's (ASX:NXT) S4 Data Centre at Horsley Park, New South Wales, as well as one for its Trivantage Manufacturing unit to supply low voltage switchroom skids for a facility in Western Sydney.Lastly, the company's SCEE Electrical subsidiary secured a master construction agreement for electrical, instrumentation and controls works from Rio Tinto (ASX:RIO).Southern Cross now expects underlying fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) of at least AU$75 million, up from previous guidance of at least AU$72 million.The company also issued fiscal 2027 EBITDA guidance of at least AU$100 million, representing a 33% increase on the outlook for the current fiscal year.Additionally, Southern Cross is launching a AU$150 million fully underwritten institutional placement at an indicative range of AU$3.85 to AU$4 per share, as well as a AU$15 million non-underwritten share purchase plan. The company is also increasing an existing bank guarantee facility to AU$100 million from AU$75 million, adding a new revolving credit facility of AU$50 million to fund working capital needs, and signed a new AU$50 million facility to fund future acquisitions.Following the completion of these capital initiatives, the company expects to have pro forma liquidity of about AU$308.8 million, it said.Southern Cross also appointed Peter Bierton to the newly created role of chief operating officer, effective Aug. 24. Bierton most recently served as the CEO of Mainmark, a ground engineering and asset preservation company.Trading in the company's shares was halted.Nextdc's shares were up almost 4% in recent Monday trade, while Rio Tinto's shares gained roughly 2%.

ASX:NXTASX:RIOASX:SXE
Asia

ASX Preview: Australian Shares Set to Rise as Oil Gains on Iran-Israel Tensions; James Hardie Industries Faces Victoria Class Action Alleging Disclosure Breaches

Australian shares are poised to rise on Tuesday as oil prices gained amid renewed Middle East tensions following exchanges of strikes between Iran and Israel and concerns over supply disruptions through the Strait of Hormuz.The move comes despite an agreement by the Organization of the Petroleum Exporting Countries to increase output targets.Overnight, the S&P 500 and the Nasdaq Composite rose 0.3% and 0.9% respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, investors are eyeing the Westpac-Melbourne Institute Consumer Sentiment Index and National Australia Bank Business Confidence Index.In corporate news, James Hardie Industries (ASX:JHX) has been served with a group proceeding in the Supreme Court of Victoria on behalf of investors who acquired securities between May 21, 2025, and Aug. 19, 2025, alleging breaches of Australian corporate and consumer law relating to forward-looking statements about its forecast financial performance.Rio Tinto (ASX:RIO) said Tuesday it is increasing its annual community investment commitment in Canada by 30% through its Rio Tinto Canada Fund, bringing total annual funding to CA$13 million to support community-led initiatives across the country.Australia's benchmark index fell 0.7% or 61 points to close at 8,625.10 on June 5.

ASX 200ASX:JHXASX:RIO

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