Higher prices in America suit miners with copper assets in the country just fine. The shares of Rio Tinto and Freeport-McMoRan, an American miner which accounts for 60% of domestic copper production, have risen. For the latter, a 50% duty could result in windfall profits of $1.6bn a year, reckons Deutsche Bank, another lender.

RIO Tinto Group has appointed its iron ore boss Simon Trott as CEO, replacing Jakob Stausholm from August 25, said Bloomberg News on Tuesday. The 50-year-old takes the helm as the mining giant prepares for significant expansion,

Rio Tinto expects annual copper output to come in at the top end of forecasts just as President Donald Trump prepares to slap hefty tariffs on US imports of the metal.

The Rio Tinto Ltd (ASX: RIO) share price is under pressure today after the release of the miner's second quarter

RIO Tinto’s incoming CEO should embrace major acquisitions while driving cost reductions, said Reuters citing sources familiar with the selection criteria favoured by the Anglo-Australian miners board,