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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.