Rio Tinto

Rio Tinto: Settlement with Securities and Exchange Commission

Retrieved on: 
Tuesday, November 21, 2023

Rio Tinto has reached a court approved settlement with the Securities and Exchange Commission (SEC) of a suit brought in 2017 concerning disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM) reflected in Rio Tinto’s 2012 year-end accounts.

Key Points: 
  • Rio Tinto has reached a court approved settlement with the Securities and Exchange Commission (SEC) of a suit brought in 2017 concerning disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM) reflected in Rio Tinto’s 2012 year-end accounts.
  • With this settlement, all investigations of Rio Tinto regarding this matter have been finalised.
  • Rio Tinto settled claims brought by the Australian Securities and Investment Commission in 2022 and the United Kingdom's Financial Conduct Authority in 2017 relating to the same RTCM impairment.
  • The U.S. Court who approved the SEC settlement previously dismissed a related private putative securities class action in 2019.

Maya Joelson Joins Savvy Advisors as Founding Principal Wealth Manager and Global Investment Strategist

Retrieved on: 
Wednesday, November 15, 2023

Savvy Advisors Inc. (“Savvy”), a Registered Investment Advisor (RIA) affiliated with Savvy Wealth Inc ., today announced that Marisa (Maya) Joelson has joined the firm as a founding principal wealth manager and global investment strategist.

Key Points: 
  • Savvy Advisors Inc. (“Savvy”), a Registered Investment Advisor (RIA) affiliated with Savvy Wealth Inc ., today announced that Marisa (Maya) Joelson has joined the firm as a founding principal wealth manager and global investment strategist.
  • View the full release here: https://www.businesswire.com/news/home/20231115435166/en/
    Maya Joelson, Principal Wealth Manager and Global Investment Strategist at Savvy Advisors (Photo: Business Wire)
    Joelson comes to Savvy after having worked as an advisor at Perigon Wealth Management and Merrill Lynch.
  • In 2017, Joelson founded Meta Point Advisors as her platform to share thought leadership content related to current events and their impacts on the global market.
  • In addition to its new advisor dashboard powered by artificial intelligence , Savvy Wealth recently launched its proprietary Savvy Direct Indexing solution.

North American Lithium 2.0: High-Grade Lithium Concentrations Attract Global Financing Attention

Retrieved on: 
Tuesday, December 5, 2023

LONDON, Dec. 5, 2023 /PRNewswire/ -- Lithium 2.0 is all about North America and some of the biggest new discoveries in the world.  While this may be against the backdrop of bad times for lithium stocks overall, it has actually created a situation in which lithium companies are significantly undervalued, yet of critical importance to our energy transition future.  Mentioned in today's commentary includes:  FMC Corporation (NYSE: FMC), Livent Corporation (NYSE: LTHM), Freeport-McMoRan Inc. (NYSE: FCX), Compass Minerals International, Inc. (NYSE: CMP), Rio Tinto Group (NYSE: RIO).

Key Points: 
  • EMP Metals has over 200,000 acres here in the most advantageous area of South Saskatchewan's Williston Basin: The Duperow formation, which is fast becoming the flashpoint for North American battery metals.
  • Viewfield and Mansur tested up to 259 mg/L and 148 mg/L respectively, lithium in brine.
  • The preliminary assessment confirmed a high-quality Inferred Resource of 1.2 million tonnes of lithium carbonate equivalent (LCE) at a weighted average grade of 143 mg/L.
  • To put these concentrations into perspective, the 259 mg/L EMPS tested at Viewfield is the highest concentration among explorers in the Leduc/Duperow Lithium area, and among the highest on record in North America.

North American Lithium 2.0: High-Grade Lithium Concentrations Attract Global Financing Attention

Retrieved on: 
Tuesday, December 5, 2023

LONDON, Dec. 5, 2023 /PRNewswire/ -- Lithium 2.0 is all about North America and some of the biggest new discoveries in the world.  While this may be against the backdrop of bad times for lithium stocks overall, it has actually created a situation in which lithium companies are significantly undervalued, yet of critical importance to our energy transition future.  Mentioned in today's commentary includes:  FMC Corporation (NYSE: FMC), Livent Corporation (NYSE: LTHM), Freeport-McMoRan Inc. (NYSE: FCX), Compass Minerals International, Inc. (NYSE: CMP), Rio Tinto Group (NYSE: RIO).

Key Points: 
  • EMP Metals has over 200,000 acres here in the most advantageous area of South Saskatchewan's Williston Basin: The Duperow formation, which is fast becoming the flashpoint for North American battery metals.
  • Viewfield and Mansur tested up to 259 mg/L and 148 mg/L respectively, lithium in brine.
  • The preliminary assessment confirmed a high-quality Inferred Resource of 1.2 million tonnes of lithium carbonate equivalent (LCE) at a weighted average grade of 143 mg/L.
  • To put these concentrations into perspective, the 259 mg/L EMPS tested at Viewfield is the highest concentration among explorers in the Leduc/Duperow Lithium area, and among the highest on record in North America.

COP28: Canada Daily Highlights - December 1, 2023

Retrieved on: 
Friday, December 1, 2023

To kick off COP28, Minister Guilbeault announced a $16 million contribution to the start-up cost of a global fund to address loss and damage.

Key Points: 
  • To kick off COP28, Minister Guilbeault announced a $16 million contribution to the start-up cost of a global fund to address loss and damage.
  • At the Canada Pavilion , Minister Guilbeault participated in a panel discussion on "How it Works: The Role of Workers in Just Transitions".
  • "Canada continues to stand by developing countries as they confront the effects of climate change.
  • Catch up on important climate updates with Minister Guilbeault's recorded daily livestream: Watch now.

Sims Limited Announces Appointment of Warrick Ranson as Chief Financial Officer

Retrieved on: 
Wednesday, November 8, 2023

Sims Limited ( ASX:SGM ), a global leader in sustainability and an enabler of the circular economy, today announced the appointment of Warrick Ranson as group chief financial officer (CFO), effective 4 December 2023.

Key Points: 
  • Sims Limited ( ASX:SGM ), a global leader in sustainability and an enabler of the circular economy, today announced the appointment of Warrick Ranson as group chief financial officer (CFO), effective 4 December 2023.
  • Mr. Ranson will succeed interim CFO Steve Skurnac , who has held the position since 1 October 2023.
  • Additionally, Mr. Ranson played a pivotal role in driving business development initiatives as chief commercial officer for the Iron Ore business, Rio Tinto’s largest operating division.
  • Mr. Ranson will be based at Sims Limited’s corporate headquarters in Sydney, Australia.

World's Largest Miners Confirmed For This Year's Resourcing Tomorrow Event

Retrieved on: 
Wednesday, November 8, 2023

Representatives from the world's largest mining companies, Anglo American, BHP, Glencore, Rio Tinto and Vale have confirmed their attendance for this year's Resourcing Tomorrow event.

Key Points: 
  • London, United Kingdom--(Newsfile Corp. - November 8, 2023) - Representatives from the world's largest mining companies, Anglo American , BHP, Glencore, Rio Tinto and Vale have confirmed their attendance for this year's Resourcing Tomorrow event and will join other leading mining companies including Anglo Gold Ashanti, Antofagasta Minerals, Barrick, B2 Gold, Eldorado Gold, Endeavour Mining, Freeport McMoRan, Newmont, Sibanye Stillwater, Teck Resources, and Wheaton Precious Metals.
  • As Europe's largest mining event, Resourcing Tomorrow: Accelerating the Energy Transition takes place in London on the 28-30 November and is poised to be yet another agenda-setting edition for the industry, fostering collaboration and knowledge exchange among professionals in the field.
  • Resourcing Tomorrow unites all stakeholders in the mining industry, including global mining and energy companies, investors, government delegations, researchers, educators, regulators, suppliers, and operators.The conference programme will provide 100+ intelligent and forward-thinking sessions in which all of the aforementioned miners will participate, giving attendees the opportunity to engage and network with leaders and industry specialists from around the world.
  • With the increasing pace of change and emerging technologies in the mining industry, Resourcing Tomorrow will focus on the future of our industry and presents a unique opportunity for international representatives of the world's leading resource economies to meet, find new partners, discuss current challenges, and share the latest research, technology and best practice.

Rio Tinto and Codelco complete Nuevo Cobre exploration joint venture agreement

Retrieved on: 
Wednesday, November 8, 2023

Rio Tinto has today completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda and entered a joint venture with Corporación Nacional del Cobre de Chile (Codelco) to explore and potentially develop the company’s assets in Chile’s prospective Atacama region.

Key Points: 
  • Rio Tinto has today completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda and entered a joint venture with Corporación Nacional del Cobre de Chile (Codelco) to explore and potentially develop the company’s assets in Chile’s prospective Atacama region.
  • It paves the way for Rio Tinto and Codelco to start its joint exploration project at the asset.
  • Jakob Stausholm, Rio Tinto Chief Executive, and Maximo Pacheco Chairman, Codelco today met in Tokyo to formalise the new joint venture, which will be known as Nuevo Cobre (New Copper).
  • Analysis by Rio Tinto Exploration indicates it is prospective for new copper discoveries, which will now be the focus of the joint venture.

Global Times: CIIE reaffirms China's commitment for high-level opening-up, as nation calls countries to work together toward common development

Retrieved on: 
Wednesday, November 8, 2023

China will always be an important opportunity for global development, Xi said, according to Xinhua News Agency.

Key Points: 
  • China will always be an important opportunity for global development, Xi said, according to Xinhua News Agency.
  • The stance by the Chinese government on further opening up has been well received by the international organizations and global company executives.
  • "It is a marketplace of ideas, a confluence of cultures and a starting point for a new paradigm in global action and international cooperation."
  • According to statistics, the previous five CIIEs have attracted over two million registered visitors, 131 countries and international organizations, and more than 15,000 companies.

Rio Tinto and Prysmian partner on sustainable supply of materials for the energy transition

Retrieved on: 
Monday, October 30, 2023

Rio Tinto and cable solution provider Prysmian are partnering to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.

Key Points: 
  • Rio Tinto and cable solution provider Prysmian are partnering to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.
  • To help satisfy this increased demand, Rio Tinto and Prysmian have signed a five-year supply agreement for low-carbon aluminium made with renewable hydropower from Rio Tinto’s Canadian operations.
  • At Prysmian, we prioritize collaboration with our customers and suppliers as we steer North America towards a greener future, leading in the sustainable energy transition.
  • With strategic partners such as Rio Tinto, Prysmian is committed to achieving net-zero emissions across our entire value chain by 2050.”
    View source version on businesswire.com: https://www.businesswire.com/news/home/20231030265346/en/