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China's state-owned iron ore purchasing agency has directed some domestic steel mills to suspend negotiations with Rio Tinto over shipments from September, Reuters reported on Thursday, marking the latest escalation in Beijing's campaign to consolidate bargaining power over the world's…

Two of the world's largest mining companies reported robust first-half results on Wednesday, buoyed by elevated commodity prices, rising production, and extreme market volatility tied to the ongoing conflict in the Middle East.

Rio Tinto on Wednesday reported its highest half-year profit in four years, with net earnings rising 47% to $6.7 billion for the six months ended June 30, driven by surging copper revenues and higher production across its key commodities.