Rio Tinto Net Profit Jumps on Boom in Commodity Prices

SYDNEY— Rio Tinto PLC reported a record first-half net profit and more than tripled its midyear payout to shareholders, benefiting from a bull run in commodity prices that has stoked inflation expectations around the world. On Wednesday, the world’s second-largest mining company

The World's Biggest Miner Picks Profit Over Production

SYDNEY— BHP Group Ltd. BHP -2.74% ’s chief executive earlier this year reminded investors that mining companies that bet big on new production during a commodity-price bull run often end up regretting it. On Tuesday, the world’s biggest mining company backed up

Rio Tinto's Mines Hit By Covid-19 Restrictions

SYDNEY— Rio Tinto RIO 0.61% PLC said pandemic-related restrictions are affecting its mining operations from Australia to Mongolia, slowing iron-ore shipments, raising production costs and delaying projects. The disruptions come as governments around the world grapple with the impact of higher commodity

Old Steel Plants Stay Idle Despite Surging Prices

Two of the nation’s largest steelmakers are keeping older mills closed, passing up a chance to sell more metal at record prices, because of the high cost of restarting and the threats to their survival from rivals’ new plants. The closures have