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Rio Tinto plc
RIO.UK
A leading global mining and metallurgical company
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Why first Simandou iron ore shipment to China marks a global milestone

The launch of Guinea's US$20 billion Simandou iron ore project marks a globally significant milestone. The first shipment of ore departed from Morebaya port, attended by Chinese and African leaders. The project aims to use mining revenues to develop Guinea's infrastructure, agriculture, and education. Most ore is expected to be shipped to China, with concerns about market stability. Guinea and Rio Tinto aim to maintain high ore prices. The project will reach full capacity in 30 months, positioning Guinea among top global iron ore exporters.

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Basic Materials Roundup: Market Talk

Find insight on Rio Tinto, palm oil, and more in the latest Market Talks covering Basic Materials.

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European Equities Close Lower in Friday Trading; EU GDP Grows 0.3% in Q3

European equities closed lower on Friday, with major indices like Stoxx Europe, DAX, FTSE 100, CAC, and Swiss Market Index all declining. EU GDP grew 0.3% in Q3, while employment rose slightly. Google plans to appeal an EU ad tech ruling and faces fines from antitrust lawsuits. Rio Tinto signed a renewable energy deal, and BHP was found partially responsible for a dam disaster. SAP proposed remedies for anticompetitive practices. Shares of Rio Tinto, BHP, and SAP fell.

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BUZZ-Copper miners fall as weak Chinese data raises demand concerns

Copper miners' shares fell premarket as weak Chinese economic data raised concerns over demand, impacting copper prices. Benchmark three-month copper on the London Metal Exchange dropped 0.6% to $10,890 per metric ton. Despite this, copper was on track for a weekly gain of 1.6%. Major miners like Rio Tinto, BHP Group, Southern Copper, and Freeport-McMoRan saw declines in their stock prices.

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Australian Shares Close Lower Amid Selloff; Rio Tinto Inks New Wind Power Deal for Utah Mine

Australian Shares Close Lower Amid Selloff; Rio Tinto Inks New Wind Power Deal for Utah Mine

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