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Top Australian Resource & Investment News

Rio Tinto chief executive Simon Trott talks up cost savings

Business · Australia

Rio Tinto chief executive Simon Trott talks up cost savings

60% Left coverage: 5 sources

The company chief says he intends to reduce costs at the global resources company by 4 cent to 2030, and has outlined a vision to simplify the business.See the Story

Larvotto Inks Option on Historic Queensland High-Grade Copper Mine

Business · Queensland

Larvotto Inks Option on Historic Queensland High-Grade Copper Mine

100% Left coverage: 2 sources

Larvotto Resources has secured an exclusive option to acquire the Blockade mine, a historic copper operation surrounded by the company’s northwest Queensland tenure near Mt Isa.See the Story

BHP’s Copper Shift Spurs Royalty Move

Germany · Germany

BHP’s Copper Shift Spurs Royalty Move

Image: Timon/Adobestock.comGold Royalty has launched a $US70 million raise tied to BHP’s Pedra Branca copper–gold mine in Brazil, underscoring BHP’s evolving strategy as it prepares to step away from the Carajás East portfolio. The financing comes through a bought-deal agreement with National Bank Capital Markets, BMO Capital Markets and RBC Capital Markets for 17.5 million shares at $US4 each, plus a 30-day over-allotment option worth up to $US…See the Story

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