Rio Tinto Integrates Cosmic Ray Technology to Enhance Mining Safety and Efficiency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: NASDAQ.COM
- Technological Innovation: Rio Tinto is integrating cosmic ray technology to enhance mining safety and resource extraction efficiency, with commercialization expected in 2026, marking a significant advancement in mining technology.
- Safety Assurance: In the Grasberg mine in Indonesia, Rio Tinto will install cosmic ray detection technology to ensure miner safety and prevent tragedies like mud rush incidents, thereby raising industry safety standards.
- Resource Recovery: Rio Tinto is using cosmic ray technology to monitor heap leaching processes, improving the efficiency of its Nuton bio-leaching technology, with the first copper production expected by late 2025, significantly shortening the project timeline from concept to production.
- Partnership Agreement: Rio Tinto signed a two-year deal with Amazon Web Services to utilize AWS platforms for heap-leach performance simulation, further optimizing decision systems and driving digital transformation in mining.
Analyst Views on RIO
Wall Street analysts forecast RIO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIO is 83.70 USD with a low forecast of 68.00 USD and a high forecast of 129.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 90.470
Low
68.00
Averages
83.70
High
129.50
Current: 90.470
Low
68.00
Averages
83.70
High
129.50
About RIO
Rio Tinto plc is a United Kingdom-based mining and materials company. It operates in over 35 countries, and its portfolio includes iron ore, copper, aluminum and a range of other minerals and materials. Its segments include Iron Ore, Aluminum, Copper, and Minerals. The Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia. Its iron ore operations in Pilbara comprise an integrated network of over 18 iron ore mines and four independent port terminals. The Aluminum segment includes bauxite mining, alumina refining, and aluminum smelting and recycling. The Copper segment includes mining and refining of copper, gold, silver, molybdenum, other by-products and licensing of extraction technologies. The Minerals segment includes mining and processing of borates, diamonds, iron concentrate and pellets from the Iron Ore Company of Canada, lithium and titanium dioxide feedstock.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
