Thursday, Rio Tinto Plc (RIO.L, RTP) and CODELCO said they have entered into the "Río de Cobre" (River of Copper) technology alliance agreement. The new alliance allows both companies to jointly pursue next generation copper mining and processing technology development. The aim is to deliver safer, more energy efficient and lower cost of production from both current and next generation open cut and deep underground mines whilst operating with a lower a overall environmental impact, the company said.
"I am delighted that we have entered into the Río de Cobre alliance with CODELCO. Combining the Rio Tinto Mine of the FutureTM effort with the industry renowned copper technology expertise of CODELCO positions both of our companies to best confront the challenges posed by the increasing demand for copper," said Tom Albanese, Rio Tinto's chief executive.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.