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Rio overhauls operations and executive team Rio Tinto (ASX: RIO) is strategically reviewing its portfolio and undergoing major operational reform that will see two senior executives exit the company.   The company is consolidating its product group into three divisions — iron ore, aluminium and lithium, and copper — to maximise competitive advantage and growth potential while still benefiting from a diverse portfolio.   The company’s borates and iron and titanium businesses — spanning across Canada, Africa and the US — are being reviewed by the chief commercial officer following two consecutive cash flow negative years from Rio’s minerals division.  Rio Tinto chief...

IGO posts $955m loss in ‘disappointing’ FY25 Significant impairments and subdued product markets have driven a $955m full year net profit loss for IGO (ASX: IGO). The FY25 results include IGO’s share of net loss in TLEA, including full impairment of the Kwinana refinery assets ($605m) and derecognition of deferred tax assets relating to Kwinana ($58m). Additional impairments include $115m of exploration assets and a $58m increase in the company’s rehabilitation provisions for Nova, Cosmos and Forrestania. The results reflect challenging conditions in key markets with average realised spodumene price down 64% and average realised nickel price down 10%. Group revenue of $528m was down 37% from FY24 due...

Innovation takes centre stage at CTTW2025  Innovation took the spotlight as delegates gathered for Innovation Hour, a highlight of the Copper to the World 2025 program hosted by Austmine on behalf of the South Australia Government.   Sponsored by Fleet Space Technologies, the session showcased the cutting-edge ideas that will shape the future of copper mining and processing. Six finalists across two categories, Deep Copper Mining and Smart Copper Processing, presented breakthrough solutions designed to tackle some of the industry’s toughest challenges.   The judging panel, featuring BHP (ASX: BHP) copper South Australia head of technology Vicky Whiffin, Rio Tinto (ASX: RIO) R&D chief advisor Saskia Duyvesteyn, Orion Industrial Ventures managing partner Mark Frayman,...

Perenti’s record $3.5b year Perenti has reported $333m in underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) and a 4% revenue increase for FY25.  Underlying EBITDA rose 6%, lifting margins to 9.6%, while underlying net-profit after tax (NPAT) increased 8% to $178m and statutory NPAT rose 29% to $137.8m with a normalised free cash flow of $195m.  Perenti chief executive and managing director Mark Norwell says the company is pleased to report another year of positive performance, achieving record revenue and EBITDA.  “Perenti’s strengthened EBITDA margin demonstrates our commitment to financial discipline across the...

Grosvenor prepares to reopen Crews have begun underground inspections for the first stage of re-entry at Anglo American’s Grosvenor coal mine in Moranbah, Queensland.   After receiving approval from Queensland’s safety regulator, the company has begun a staged and carefully managed re-entry process, following the successful completion of initial mine re-ventilation activities and key safety preparations in early August.  Anglo American Grosvenor mine general manager Shane McDowall says about 50 crew members were on-site as part of staged deployments underground to gather information about infrastructure, ventilation devices and environmental conditions. ...

Rio Tinto partners with Royal Flying Doctor Service Rio Tinto (ASX: RIO) will contribute $14.675m over the next five years in a new partnership with the Royal Flying Doctor Service (RFDS) (Queensland Section). The five-year social impact partnership will focus on strengthening healthcare access and outcomes across regional Queensland. Key areas include enhancing telehealth triage capability to better prioritise patient needs, introducing podiatry services to support chronic disease care, expanding mental health support across North and Far North Queensland and improving access to culturally appropriate care by increasing the number of Aboriginal and Torres Strait Islander health...

Global industry leaders gather in Adelaide for CTTW2025  Adelaide has today become the global meeting place for copper as Copper to the World 2025 opened at the Adelaide Convention Centre, welcoming close to 600 delegates from across Australia and international markets.   Hosted by Austmine and presented in partnership with the South Australia Energy & Mining Department, the conference is exploring the theme The Copper Advantage: Powering the Future — highlighting copper’s essential role in the energy transition and the technologies shaping the industry’s next chapter.     South Australia Energy and Mining Minister Tom Koutsantonis and South Australia Energy and Mining Department chief executive Paul Martyn...

PLS confident in lithium outlook  Despite weak lithium market conditions, Pilbara Minerals (ASX: PLS) reported record spodumene production of 754.5kt and a 7% increase in sales in FY25.  PLS recorded $769m in revenue, a 39% decline from FY24 results driven by a 43% decrease in the average realised price of lithium, underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) decrease of 83% and an underlying net loss of $88m.  PLS chief executive and managing director Dale Henderson says the company delivered record...

Sandvik launches surface drilling training simulator Sandvik Mining is introducing a new simulator designed to accelerate operator competence and enhance the efficiency of automated drilling operations. The new AutoMine Surface Drilling Training Simulator — available for all i-series surface drill rigs — delivers a realistic, safe and cost-effective training environment that prepares operators and specialists for the demands of modern mining. Sandvik Mining learning solutions automation head Anu Pyysalo comments on the simulator. “The AutoMine Surface Drilling Training Simulator bridges the gap from classroom learning to operational readiness by giving operators an immersive, hands-on environment to practice,...

Black Cat goes underground Black Cat Syndicate (ASX: BC8) has commenced underground mining at Majestic, located about 45km southeast of Kalgoorlie, WA. Macmahon Underground (ASX: MAH) has been awarded the contract for underground mine development, production services and associated works at Majestic and have commenced underground mining activities. The initial production target from Majestic is 776kt at 3.2g/t for 80koz gold, of which about 63% is already in ore reserve (at $2300/oz). Drilling from underground positions will commence as soon as possible. This is to further grow resources which are drill restrained and remain...

Rio Tinto reports fatal incident at Simandou An employee of a contracting company has died following an incident at Rio Tinto’s (ASX: RIO) SimFer mine site in Nzérékoré, Guinea on August 22. Rio Tinto chief executive Jakob Stausholm comments on the incident. “We extend our deepest condolences to the family, friends and colleagues impacted by this tragic event as well as the wider community,” he said. “We will offer all the support we can at this very difficult time and a...