Rio Tinto Wants a New Boss to Build Miner for the Future
When Jakob Stausholm took the top job at Rio Tinto Group, his task was to repair the reputation of a company that had just blasted through a 46,000-year-old sacred Aboriginal site and bungled its response. Now the world's second-largest miner has decided it needs a boss that can lead it into the future.
Then, Stausholm, a sober Dane who came to Rio as chief financial officer after time at AP Moller-Maersk A/S and Shell Plc, stepped into the least desirable job in mining. He has repaired relationships and edged the company toward new investments, including lithium — a battery material most of his rivals have shunned.
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Associated Press
20 minutes ago
- Associated Press
ZTE Releases Sustainability Report 2024: Empowering a Sustainable Future through Digital Intelligence
SHENZHEN, China, June 8, 2025 /PRNewswire/ -- ZTE Corporation ( / a global leading provider of integrated information and communication technology solutions, has recently released its Sustainability Report 2024, marking the 17th consecutive year the company has proactively disclosed its sustainable commitments and progress to the public. The ZTE Corporation Sustainability Report 2024 highlights ZTE's strong ESG strategies and achievements, showcasing how the company is leveraging digital innovation to drive sustainable transformation across the globe. Amid the accelerating wave of global digitalization, ZTE remains committed to its role as a 'Driver of the Digital Economy', advancing its sustainability agenda on two fronts: by making significant strides in green operations guided by science-based carbon targets, and by enabling digital and low-carbon transformation across industries through cutting-edge technologies. Xu Ziyang, Executive Director and CEO of ZTE, states in the report, 'The new wave of AI-driven technological revolution, particularly the boom of large models and generative AI, has propelled the global digital and intelligent transformation. In this critical year filled with both challenges and opportunities, ZTE, as a 'Driver of Digital Economy', stayed true to its original aspiration and responded to the call of the times.' The report reveals that ZTE continues to strengthen the underlying capabilities and scaling up R&D investment to build stronger core competence, with the R&D expenses accounting for 19.81% of operating revenue. As of December 31, 2024, ZTE had filed 93,000 global patent applications, with over 48,000 patents granted. Specifically, in the field of chips, ZTE had filed about 5,500 patent applications, with over 2,000 granted. In the field of AI, the company had filed more than 5,000 patent applications, with nearly half of them already granted, demonstrating strong innovation and technological capabilities. Advancing Green Strategies to Tackle Climate Challenges ZTE centers its core drive on technological innovation, continuously deepening its green development strategy to address climate change challenges and promote the coordinated advancement of digital intelligence and sustainability across industries. In 2024, ZTE received official approval from the Science-Based Targets initiative (SBTi) for its near-term 1.5°C target and long-term net-zero targets. In the same year, ZTE published the ZTE Net-Zero Strategy White Paper. The company continues to advance its 'Green Digital Path' initiative across four dimensions: green corporate operations, green supply chain, green digital infrastructure, and green empowerment. ZTE has been named to the prestigious CDP A list for leading climate action for two consecutive years, reinforcing its global climate leadership. In terms of green corporate operations, ZTE has achieved the remarkable feat of increasing revenue while reducing energy consumption, thanks to years of continuous effort. In 2024, the company improved its energy efficiency by 20% compared with 2021, and recorded a 13.4% reduction in Scope 1&2 emissions compared to the previous year. Its telecom products saw an 8.39% reduction in physical emissions intensity during the use and maintenance phase, while its terminal products achieved a 5.02% year-on-year reduction in absolute emissions over the entire product lifecycle. ZTE reduced its Scope 1&2&3 carbon emissions by 14.317 million tons in 2024 compared to 2023 levels. For green supply chain, in 2024, ZTE has integrated dual-carbon strategy requirements into supplier management IT systems, including agreement signing, on-site audits, and performance assessments. In this year, ZTE conducted onsite CSR audits for 261 production suppliers (representing 86.9% of the top 90% suppliers by procurement amount). Regarding green digital infrastructure, ZTE boasts over 800 green innovation patents. As of 2024, the company has conducted carbon footprint assessments for 154 products, covering all its product categories. Through its end-to-end green solutions, ZTE continues to help global operators save over 10 billion kWh of electricity annually. In green empowerment of industries, ZTE has actively integrated cloud and network infrastructure, IoT, big data, AI and other cutting-edge technologies with traditional industries to achieve a win-win outcome of development and emission reduction. The company has partnered with over 2,000 leading industry players to carry out 5G-powered innovative green practices across 18 sectors—including steel, metallurgy, electronics manufacturing, ports, rail transit, mining, and power—pioneering more than 100 innovative application scenarios. Upholding a People-Centered Approach to Foster an Inclusive Society ZTE has pursued sustainable development by advancing both technological leadership and CSR fulfillment. By leveraging its technological advantages, it provides tailored digital solutions to global customers, helping to bridge the digital divide and accelerate digital transformation worldwide. For example, ZTE and Orange have jointly launched the 'Enhance Rural Area' project, delivering communications infrastructure to rural regions in Liberia and enabling digital access for more than 580,000 people in remote areas. In Anyang, Henan, the company supported the development of a drone-based blood delivery system, effectively addressing the 'last mile' challenge in urban medical logistics. In Hainan, ZTE ensured uninterrupted emergency communications with satellite terminals during Typhoon Yagi. ZTE upholds a people-oriented philosophy. In 2024, ZTE achieved 100% employee training coverage and its ISO 45001 Occupational Health and Safety Management Systems certification now covers offices in 30 countries. In 2024, ZTE carried out 310 regular public welfare activities across various fields, including rural revitalization, education support, and medical and disaster relief. With the joint efforts of 15,000 employee volunteers, the company has provided assistance to over one million people in need, continuously delivering warmth and creating social value. Strengthening Governance to Enhance Corporate Resilience Xie Junshi, EVP and COO of ZTE, states in the report, 'Committed to innovation-driven and sustainable development, ZTE has embedded ESG into every aspect of its operations. By harnessing digital and intelligent technologies, we are developing a development model that coexists harmoniously with nature and society, while exploring a path for business continuity in the new era.' Integrating sustainable development with its corporate strategies, ZTE aspires to strengthen its core competitiveness with a focus on its vision and three strategic cornerstones—internal control, compliance, and talent. In 2024, ZTE upgraded the corporate governance system and established the Strategy and Sustainability Committee to better incorporate the philosophy of sustainable development into its strategies and business activities. In terms of corporate risk prevention and control, ZTE places particular emphasis on identifying and responding to emerging risks. As AI technology rapidly transforms the world, it brings immense business opportunities while also raising widespread concerns over ethical risks such as privacy infringement and algorithmic bias. To proactively address these challenges, ZTE established the Science and Technology Ethics Committee in 2024, demonstrating high-level organizational commitment to ethical governance. In addition, the company has put in place a technology ethics governance framework to review and assess AI-related R&D projects individually, ensuring the safe, reliable, and inclusive development of AI. As a member of the UN Global Compact and the Global Enabling Sustainability Initiative and a key participant and a pioneer in the Partner2Connect (P2C) Digital Coalition initiated by the International Telecommunication Union, ZTE has received widespread recognition from numerous global authoritative organizations and rating agencies for its exemplary sustainability practices. In 2024, ZTE was recognized with EcoVadis Gold Medal for sustainability excellence. In addition, the company was selected for the S&P Global's Sustainability Yearbook 2024 (China Edition) and honored with the title of 'Industry Mover'. It was also listed among the 2024 Forbes China ESG 50 list and received the World Internet Conference Distinguished Contribution Award. Furthermore, ZTE won two BDO ESG awards, as well as the LinkedIn MostIn Awards – Global Talent Magnet Employer, among others. Moving forward, ZTE will continue to promote sustainable development globally, leveraging technological innovation and international collaboration to inject digital vitality into efforts toward the United Nations Sustainable Development Goals, working toward a greener, more inclusive, and resilient future. For more details of ZTE Sustainability Report 2024, please download: To discover more updates about our commitment to the sustainability, please visit ZTE Sustainability website: MEDIA INQUIRIES: ZTE Corporation Communications Email: [email protected] View original content to download multimedia: SOURCE ZTE Corporation
Yahoo
35 minutes ago
- Yahoo
American Rare Earths Leads ASX Penny Stocks To Consider
As the Australian market experiences a gradual decline, influenced by profit-taking and external geopolitical tensions, investors are seeking opportunities beyond traditional large-cap stocks. Penny stocks, though an older term, continue to attract attention for their potential to offer surprising value and growth at lower price points. By focusing on companies with strong balance sheets and solid fundamentals, investors may uncover hidden gems that provide upside without many of the risks typically associated with this segment of the market. Name Share Price Market Cap Financial Health Rating EZZ Life Science Holdings (ASX:EZZ) A$1.50 A$70.76M ★★★★★★ GTN (ASX:GTN) A$0.65 A$124.05M ★★★★★★ IVE Group (ASX:IGL) A$2.57 A$396.25M ★★★★★☆ Southern Cross Electrical Engineering (ASX:SXE) A$1.67 A$441.56M ★★★★★★ Tasmea (ASX:TEA) A$3.08 A$725.72M ★★★★★☆ Regal Partners (ASX:RPL) A$2.25 A$756.37M ★★★★★★ Accent Group (ASX:AX1) A$1.845 A$1.11B ★★★★☆☆ Lindsay Australia (ASX:LAU) A$0.71 A$225.19M ★★★★☆☆ Bisalloy Steel Group (ASX:BIS) A$3.37 A$159.91M ★★★★★★ CTI Logistics (ASX:CLX) A$1.815 A$146.19M ★★★★☆☆ Click here to see the full list of 1,001 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: American Rare Earths Limited focuses on the exploration and development of mineral resources in Australia and the United States, with a market cap of A$139.54 million. Operations: American Rare Earths Limited currently does not report any revenue segments. Market Cap: A$139.54M American Rare Earths Limited, with a market cap of A$139.54 million, is pre-revenue and debt-free, focusing on the exploration of mineral resources in Australia and the U.S. Recent developments include significant progress at their Cowboy State Mine in Wyoming, where groundwater monitoring wells have been installed as part of environmental permitting efforts. The company also reported promising assay results from its Halleck Creek project, highlighting elevated rare earth mineralization. Leadership changes have strengthened its executive team with seasoned professionals to advance its U.S.-based strategy for developing a secure critical minerals supply chain. Click here to discover the nuances of American Rare Earths with our detailed analytical financial health report. Learn about American Rare Earths' historical performance here. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Horizon Gold Limited is involved in the exploration, evaluation, development, and production of gold deposits in Australia with a market cap of A$86.90 million. Operations: The company's revenue segment consists of A$0.08 million from exploration activities in Australia. Market Cap: A$86.9M Horizon Gold Limited, with a market cap of A$86.90 million, is pre-revenue and debt-free, focusing on gold exploration in Australia. The company recently reported a small net income for the half-year ended December 31, 2024, marking an improvement from the previous year's loss. Its management team is experienced with an average tenure of 4.5 years and has seen leadership changes to bolster corporate development efforts as it progresses through the Gum Creek Feasibility Study. While its short-term assets cover liabilities, long-term liabilities remain uncovered by current assets. Shareholder dilution has been minimal over the past year. Unlock comprehensive insights into our analysis of Horizon Gold stock in this financial health report. Gain insights into Horizon Gold's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Ltd is an online retailer based in Australia with a market capitalization of A$401.23 million. Operations: The company's revenue is derived from its operations in Australia, with A$309.36 million from Kogan Parent and A$9.96 million from Mighty Ape, as well as in New Zealand, where it generates A$40.02 million from Kogan Parent and A$124.88 million from Mighty Ape. Market Cap: A$401.23M with a market cap of A$401.23 million, is debt-free and has extended its buyback plan duration until May 2026. Despite stable weekly volatility over the past year, Kogan faces challenges with negative earnings growth of -73.9% last year and declining profit margins from 1.4% to 0.4%. Its dividend yield of 3.47% isn't well covered by earnings, yet the company trades at a substantial discount to estimated fair value. The seasoned management team averages a tenure of 14.6 years, while short-term assets comfortably cover both short- and long-term liabilities without shareholder dilution in the past year. Click here and access our complete financial health analysis report to understand the dynamics of Learn about future growth trajectory here. Unlock more gems! Our ASX Penny Stocks screener has unearthed 998 more companies for you to here to unveil our expertly curated list of 1,001 ASX Penny Stocks. Want To Explore Some Alternatives? These 18 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ARR ASX:HRN and ASX:KGN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
ZTE Releases Sustainability Report 2024: Empowering a Sustainable Future through Digital Intelligence
SHENZHEN, China, June 8, 2025 /PRNewswire/ -- ZTE Corporation ( / a global leading provider of integrated information and communication technology solutions, has recently released its Sustainability Report 2024, marking the 17th consecutive year the company has proactively disclosed its sustainable commitments and progress to the public. The ZTE Corporation Sustainability Report 2024 highlights ZTE's strong ESG strategies and achievements, showcasing how the company is leveraging digital innovation to drive sustainable transformation across the globe. Amid the accelerating wave of global digitalization, ZTE remains committed to its role as a "Driver of the Digital Economy", advancing its sustainability agenda on two fronts: by making significant strides in green operations guided by science-based carbon targets, and by enabling digital and low-carbon transformation across industries through cutting-edge technologies. Xu Ziyang, Executive Director and CEO of ZTE, states in the report, "The new wave of AI-driven technological revolution, particularly the boom of large models and generative AI, has propelled the global digital and intelligent transformation. In this critical year filled with both challenges and opportunities, ZTE, as a 'Driver of Digital Economy', stayed true to its original aspiration and responded to the call of the times." The report reveals that ZTE continues to strengthen the underlying capabilities and scaling up R&D investment to build stronger core competence, with the R&D expenses accounting for 19.81% of operating revenue. As of December 31, 2024, ZTE had filed 93,000 global patent applications, with over 48,000 patents granted. Specifically, in the field of chips, ZTE had filed about 5,500 patent applications, with over 2,000 granted. In the field of AI, the company had filed more than 5,000 patent applications, with nearly half of them already granted, demonstrating strong innovation and technological capabilities. Advancing Green Strategies to Tackle Climate Challenges ZTE centers its core drive on technological innovation, continuously deepening its green development strategy to address climate change challenges and promote the coordinated advancement of digital intelligence and sustainability across industries. In 2024, ZTE received official approval from the Science-Based Targets initiative (SBTi) for its near-term 1.5°C target and long-term net-zero targets. In the same year, ZTE published the ZTE Net-Zero Strategy White Paper. The company continues to advance its "Green Digital Path" initiative across four dimensions: green corporate operations, green supply chain, green digital infrastructure, and green empowerment. ZTE has been named to the prestigious CDP A list for leading climate action for two consecutive years, reinforcing its global climate leadership. In terms of green corporate operations, ZTE has achieved the remarkable feat of increasing revenue while reducing energy consumption, thanks to years of continuous effort. In 2024, the company improved its energy efficiency by 20% compared with 2021, and recorded a 13.4% reduction in Scope 1&2 emissions compared to the previous year. Its telecom products saw an 8.39% reduction in physical emissions intensity during the use and maintenance phase, while its terminal products achieved a 5.02% year-on-year reduction in absolute emissions over the entire product lifecycle. ZTE reduced its Scope 1&2&3 carbon emissions by 14.317 million tons in 2024 compared to 2023 levels. For green supply chain, in 2024, ZTE has integrated dual-carbon strategy requirements into supplier management IT systems, including agreement signing, on-site audits, and performance assessments. In this year, ZTE conducted onsite CSR audits for 261 production suppliers (representing 86.9% of the top 90% suppliers by procurement amount). Regarding green digital infrastructure, ZTE boasts over 800 green innovation patents. As of 2024, the company has conducted carbon footprint assessments for 154 products, covering all its product categories. Through its end-to-end green solutions, ZTE continues to help global operators save over 10 billion kWh of electricity annually. In green empowerment of industries, ZTE has actively integrated cloud and network infrastructure, IoT, big data, AI and other cutting-edge technologies with traditional industries to achieve a win-win outcome of development and emission reduction. The company has partnered with over 2,000 leading industry players to carry out 5G-powered innovative green practices across 18 sectors—including steel, metallurgy, electronics manufacturing, ports, rail transit, mining, and power—pioneering more than 100 innovative application scenarios. Upholding a People-Centered Approach to Foster an Inclusive Society ZTE has pursued sustainable development by advancing both technological leadership and CSR fulfillment. By leveraging its technological advantages, it provides tailored digital solutions to global customers, helping to bridge the digital divide and accelerate digital transformation worldwide. For example, ZTE and Orange have jointly launched the "Enhance Rural Area" project, delivering communications infrastructure to rural regions in Liberia and enabling digital access for more than 580,000 people in remote areas. In Anyang, Henan, the company supported the development of a drone-based blood delivery system, effectively addressing the "last mile" challenge in urban medical logistics. In Hainan, ZTE ensured uninterrupted emergency communications with satellite terminals during Typhoon Yagi. ZTE upholds a people-oriented philosophy. In 2024, ZTE achieved 100% employee training coverage and its ISO 45001 Occupational Health and Safety Management Systems certification now covers offices in 30 countries. In 2024, ZTE carried out 310 regular public welfare activities across various fields, including rural revitalization, education support, and medical and disaster relief. With the joint efforts of 15,000 employee volunteers, the company has provided assistance to over one million people in need, continuously delivering warmth and creating social value. Strengthening Governance to Enhance Corporate Resilience Xie Junshi, EVP and COO of ZTE, states in the report, "Committed to innovation-driven and sustainable development, ZTE has embedded ESG into every aspect of its operations. By harnessing digital and intelligent technologies, we are developing a development model that coexists harmoniously with nature and society, while exploring a path for business continuity in the new era." Integrating sustainable development with its corporate strategies, ZTE aspires to strengthen its core competitiveness with a focus on its vision and three strategic cornerstones—internal control, compliance, and talent. In 2024, ZTE upgraded the corporate governance system and established the Strategy and Sustainability Committee to better incorporate the philosophy of sustainable development into its strategies and business activities. In terms of corporate risk prevention and control, ZTE places particular emphasis on identifying and responding to emerging risks. As AI technology rapidly transforms the world, it brings immense business opportunities while also raising widespread concerns over ethical risks such as privacy infringement and algorithmic bias. To proactively address these challenges, ZTE established the Science and Technology Ethics Committee in 2024, demonstrating high-level organizational commitment to ethical governance. In addition, the company has put in place a technology ethics governance framework to review and assess AI-related R&D projects individually, ensuring the safe, reliable, and inclusive development of AI. As a member of the UN Global Compact and the Global Enabling Sustainability Initiative and a key participant and a pioneer in the Partner2Connect (P2C) Digital Coalition initiated by the International Telecommunication Union, ZTE has received widespread recognition from numerous global authoritative organizations and rating agencies for its exemplary sustainability practices. In 2024, ZTE was recognized with EcoVadis Gold Medal for sustainability excellence. In addition, the company was selected for the S&P Global's Sustainability Yearbook 2024 (China Edition) and honored with the title of "Industry Mover". It was also listed among the 2024 Forbes China ESG 50 list and received the World Internet Conference Distinguished Contribution Award. Furthermore, ZTE won two BDO ESG awards, as well as the LinkedIn MostIn Awards – Global Talent Magnet Employer, among others. Moving forward, ZTE will continue to promote sustainable development globally, leveraging technological innovation and international collaboration to inject digital vitality into efforts toward the United Nations Sustainable Development Goals, working toward a greener, more inclusive, and resilient future. For more details of ZTE Sustainability Report 2024, please download: To discover more updates about our commitment to the sustainability, please visit ZTE Sustainability website: MEDIA INQUIRIES:ZTE CorporationCommunicationsEmail: View original content to download multimedia: SOURCE ZTE Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
