Rio2 Swings to Q3 Adjusted Net Income

Rio Tinto approved a $144M investment in Resolution Copper, with $79M from Rio, to advance the Arizona project. The funds will support feasibility studies, engineering, and equipment purchases. Resolution Copper could meet 25% of US copper demand, according to Rio Tinto.

In 2026, 16 major miners increased iron ore supply by 23 Mt, with only 0.6 Mt from the Big Four (Rio Tinto, BHP, Fortescue, Vale). Onslow and Simandou contributed 20.4 Mt, while Vale saw declines due to operational constraints. New mines drove growth, and market-driven cuts began.

Rio Tinto plc approved $144M investment for Resolution Copper's Arizona project, with $79M share. Funds will advance feasibility studies, engineering, and equipment purchases. The project could supply 25% of U.S. copper demand. Resolution Copper is a joint venture, with Rio Tinto as a major stakeholder.

Rio Tinto approved $144m for the Resolution Copper project in Arizona, with $79m from its share. The funds will support feasibility studies, engineering, and equipment procurement. The project is a joint venture with BHP and aims to supply 25% of US copper demand. Rio Tinto's copper chief highlighted the project's economic benefits and job creation potential.

Rio Tinto and BHP approved an additional $144M (A$208M) for the Resolution copper project in Arizona. The project is one of the world's largest untapped copper deposits.

Rio Tinto and BHP have invested $144 million in their Resolution Copper project in Arizona, advancing one of the world’s largest undeveloped copper deposits. Rio Tinto will contribute $79 million, while BHP will provide the remaining $65 million. The funding will support feasibility studies, engineering designs, and equipment procurement. Resolution Copper plans to hire 50 additional employees. The project still faces permitting and legal risks before a final construction decision can be made.