The Latest Breaking News from Rio

Rio Tinto Plc (NYSE:RIO) shares are trading higher on Monday. On Sunday, the company began testing battery-swap electric haul trucks with China’s SPIC Qiyuan at the Oyu Tolgoi copper mine in Mongolia.

Rio Tinto Plc (NYSE:RIO) shares are trading lower premarket on Tuesday after the company reported the third-quarter fiscal 2025 trading update.

Rio Tinto (NYSE:RIO) appointed Simon Trott as its next Chief Executive Officer, effective August 25, 2025. Trott, currently the head of the multinational miner's iron ore division, will be the fourth leader within the last ten years.

Rio Tinto (NYSE:RIO) and Hancock Prospecting have announced on Tuesday a joint investment of $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia's Pilbara region. A 50-50 investment will drive a significant expansion of the long-standing Hope Downs Joint Venture between the two companies.

A joint venture between Rio Tinto and Hancock Prospecting has been given approval for an iron ore project to add 31 million tonnes to global supply each year.

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New trading activity has been spotted in shares of Rio Tinto after President Trump announced an order to boost deep-sea mineral mining.