Latest news with #Rio
The Independent
2 hours ago
- Sport
- The Independent
Joshua, Joyce: The Brits in line to face Olympic champion Yoka after Queensberry switch
Queensberry announced the signing of Olympic gold medallist Tony Yoka on Wednesday evening as they made another addition to their heavyweight stable. Yoka struck gold at the 2016 Olympics in Rio, Brazil by beating Britain's Joe Joyce in the final. Fans from the UK will also be familiar with the Frenchman following professional fights with Dave Allen and Martin Bakole. It has not all been plain sailing for Yoka in the professional ranks as he suffered three straight defeats between May 2022 and December 2023. He has since bounced back to win his last three fights and is now looking to move onto the world stage in boxing 's blue-riband division. In order to get there he will need some big wins under his belt and there is a long list of Brits that he could be thrown in with over the coming months. Let's take a look at potential British opponents he could be matched with to prove whether he can go all the way in the professional game. Anthony Joshua Anthony Joshua has been out of the ring for the best part of a year after losing to Daniel Dubois at Wembley last September. He underwent elbow surgery earlier this year but could return to the ring before the end of 2025. A domestic showdown with Tyson Fury could finally take place in 2026, but first Joshua may want to dust off the cobwebs after a period of inactivity. Former European super bantamweight champion Spencer Oliver recently threw Yoka's name into the mix as a potential next opponent for Joshua, claiming a clash between two Olympic gold medallists would interest the boxing public. He told talkSPORT: 'I think that is a great possibility (that Joshua fights Yoka). We get two Olympic gold medallists going at it. Tony Yoka is trying to rekindle his career after losing to the likes of Carlos Takam. Doesn't it make sense? Two Olympic gold medallists, there is history there. 'It will be a great fight, it is a sellable fight. I would love to see it.' If Joshua does want a solid test before jumping in with Fury next year, Yoka could be a name that interests him. Joe Joyce The last couple of years have been tough for Joe Joyce. Back in 2022 he was absolutely flying having just knocked out Joseph Parker to move to 15-0. But he followed that up by losing to Zhilei Zhang twice in 2023, and he has since been beaten by Derek Chisora and Filip Hrgovic. Joyce has taken a lot of punishment in his career and will turn 40 in September. The clock is ticking and he may not have many fights left. If he is to get back into the ring, though, a long-awaited rematch with Yoka could be the fight to make. Yoka got the nod in their Olympic final nine years ago, but it was an extremely close contest that Joyce is adamant he won. He would welcome the opportunity to settle the score with his old rival, and now seems like the perfect time to run it back. Frazer Clarke Let's throw another Olympian into the mix. Frazer Clarke won a bronze medal in Tokyo four years ago and is now looking to kick on as a professional. He was brutally stopped by Fabio Wardley in their rematch at the back end of 2024 after their epic draw the first time around, but returned to winning ways by knocking out Ebenezer Tetteh inside a round in April. Clarke is trying to move from domestic to world level, and Yoka is the type of opponent that could help him bridge that gap. Both men are aged 33 and have little time to waste if they are going to make a splash at the top end of the heavyweight division. This could be the ideal crossroads fight to see if either of them truly can be world-class operators. Daniel Dubois Daniel Dubois came up short in his bid to become undisputed champion when he was knocked out by Oleksandr Usyk at Wembley, but he has vowed to return better than ever. The 27-year-old will need time to rest after a disappointing defeat and will then have to work his way back into contention for another title shot. Putting him straight back in with an elite heavyweight could be a risk at this stage of Dubois's career, so it may be wise to look further down the ladder for his comeback fight. This is where Yoka could come into the reckoning. He is not currently a top 10 heavyweight but has ambitions of reaching that level. Dubois is in that top bracket of heavyweights right now and by beating a fringe contender in Yoka he could show that he still has the drive and hunger to become a champion again. Tyson Fury Tyson Fury retired from boxing at the start of the year after successive losses to Oleksandr Usyk in 2024. But he has since performed a U-turn and is now targeting a trilogy bout with Usyk next April. A clash with fellow Brit Anthony Joshua is also a possibility but Fury needs to get active again first. Saudi boxing chief Turki Alalshikh has spoken about wanting to give Joshua and Fury tune-up fights before facing one another and this could lead to Fury taking on Yoka. The two-time heavyweight champion is no stranger to having low-key bouts to get rid of any ring-rust. Fury had two fights against limited opposition before facing Deontay Wilder for the first time, and then set up two more clashes where he was a heavy favourite before the Wilder rematch. Getting back in the ring before fighting either Usyk or Joshua seems a sensible move and Fury may view Yoka as someone who can give him some rounds without jeopardising a future super-fight. DAZN is the home of combat sports, broadcasting over 185 fights a year from the world's best promoters, including Matchroom, Queensberry, Golden Boy, Misfits, PFL, BKFC, GLORY and more. An Annual Saver subscription is a one-off cost of £119.99 / $224.99 (for 12 months access), that's just 64p / $1.21 per fight. There is also a Monthly Flex Pass option (cancel any time) at £24.99 / $29.99 per month. A subscription includes weekly magazine shows, comprehensive fight library, exclusive interviews, behind-the-scenes documentaries, and podcasts and vodcasts.
CNET
18 hours ago
- Entertainment
- CNET
'The Thursday Murder Club,' 'My Oxford Year' and More New Netflix Movies You Shouldn't Miss in August
Time for a family reunion! This August you can tune in to several films from the Fast and Furious franchise, about the group of street racers evading the law who are led by Vin Diesel's Dominic Toretto. If you haven't seen any of this series, start with The Fast and the Furious, the first film of the series co-starring Paul Walker, which is more focused on street racing than anything. But if you want the really juicy, ridiculous stunts the franchise is now known for, like cars jumping from one skyscraper to another (Fast & Furious 6), or one car towing a ten-ton bank safe through the streets of Rio (Fast Five), those are included, too. See below for the complete list of the Fast and Furious movies dropping on Netflix this month. The Fast and the Furious 2 Fast 2 Furious The Fast and the Furious: Tokyo Drift Fast Five Fast & Furious 6 Furious 7 Fast & Furious Presents: Hobbs & Shaw
AU Financial Review
2 days ago
- Business
- AU Financial Review
Rio Tinto boss defends lithium push as earnings slump cuts dividend
Departing Rio Tinto chief executive Jakob Stausholm says his $12 billion push into lithium is looking solid, as lower iron ore revenues forced the miner to pay the smallest interim dividend in seven years. Rio's half-year earnings fell 16 per cent to $US4.8 billion ($7.38 billion), in a result that was about 4 per cent weaker than analyst estimates.
The Advertiser
2 days ago
- Business
- The Advertiser
Rio Tinto profits slip as prices weigh on performance
Lumbering iron ore prices and multiple cyclones have weighed on Rio Tinto's profits, but the miner's increasing diversification across other commodities has helped balance the result. Rio posted a $US4.5 billion ($A6.9 billion) net profit in the six months to June 30, a 22 per cent slip on the same period in 2024, after its Pilbara operations were affected by four cyclones. Iron ore is the group's biggest earner, and ore prices have grinded roughly 15 per cent lower from $US107 a tonne to as low as $US93 in 2025. Chief executive Jakob Stausholm, who will make way for incoming boss Simon Trott on August 25, said he had often seen higher prices at other times while at the company's helm. "But this set of results are the strongest, demonstrating real momentum in improving operational performance, real value from a more diversified portfolio, and excellence in unlocking growth projects," Mr Stausholm told investors at an results presentation in London. Positive earnings and cash flow results were buoyed by strong prices and production in aluminium and copper, which helped offset the weaker iron ore performance, chief financial officer Peter Cunningham said. "It's also important to note that going forward, over the next 10 years, we expect that 40 per cent of (iron ore) production from the majors needs to be replaced," he told investors. "And while China's steel consumption has plateaued, there is demand growth elsewhere in global steel markets often supplied by Chinese exports." The company will pay an interim ordinary dividend of $US1.48 ($A2.27) a share, worth $US2.4 billion, delivering its promised 50 per cent payout ratio but a step down from last year's $US1.77 per share. Rio Tinto's production guidance remained largely unchanged, but Pilbara shipments were tipped to fall to the lower end of the expected range because of cyclones in the first quarter. Bauxite and copper production was forecast to come in at the higher end of expectations thanks to better-than-expected mine performances and a successful ramp up at an underground mine in Mongolia. Rio's takeover of Arcadium Lithium came to $US7.6 billion. Along with property and equipment purchases, $US3.8 billion in dividends and other outgoings, this took its net debt to $US14.6 billion, swelling from $US5.5 billion at the end of 2024. Mr Cunningham was confident about Rio's books. "We feel that the balance sheet is in really good shape, and we have flexibility going forward with these sorts of levels," he told investors. "This is a cyclical industry, cash flow goes up and down what we've got to do is use the balance sheet to really make sure we can deliver against the strategy, and also deliver shareholder returns. RBC Capital Markets analysts Kaan Peker and Ben Davis said sentiment on the result would be positive. "Rio Tinto produced a good set of operational results across key divisions that was a six per cent beat at the product group level," the analysts wrote. "But this was dragged down by other items including restructuring costs at Arcadium." Looking further afield, the miner said the global economy appeared resilient, with the energy transition likely to support commodity demand growth. It was likewise optimistic about China's growth prospects, supported by ongoing domestic stimulus and Beijing's commitment to infrastructure investment to offset its ailing property sector. The US economy was holding up despite tariff impacts still feeding through to inflation and consumer sentiment but high mortgage rates, stubborn construction costs and labour shortages weighing on its housing sector. Lumbering iron ore prices and multiple cyclones have weighed on Rio Tinto's profits, but the miner's increasing diversification across other commodities has helped balance the result. Rio posted a $US4.5 billion ($A6.9 billion) net profit in the six months to June 30, a 22 per cent slip on the same period in 2024, after its Pilbara operations were affected by four cyclones. Iron ore is the group's biggest earner, and ore prices have grinded roughly 15 per cent lower from $US107 a tonne to as low as $US93 in 2025. Chief executive Jakob Stausholm, who will make way for incoming boss Simon Trott on August 25, said he had often seen higher prices at other times while at the company's helm. "But this set of results are the strongest, demonstrating real momentum in improving operational performance, real value from a more diversified portfolio, and excellence in unlocking growth projects," Mr Stausholm told investors at an results presentation in London. Positive earnings and cash flow results were buoyed by strong prices and production in aluminium and copper, which helped offset the weaker iron ore performance, chief financial officer Peter Cunningham said. "It's also important to note that going forward, over the next 10 years, we expect that 40 per cent of (iron ore) production from the majors needs to be replaced," he told investors. "And while China's steel consumption has plateaued, there is demand growth elsewhere in global steel markets often supplied by Chinese exports." The company will pay an interim ordinary dividend of $US1.48 ($A2.27) a share, worth $US2.4 billion, delivering its promised 50 per cent payout ratio but a step down from last year's $US1.77 per share. Rio Tinto's production guidance remained largely unchanged, but Pilbara shipments were tipped to fall to the lower end of the expected range because of cyclones in the first quarter. Bauxite and copper production was forecast to come in at the higher end of expectations thanks to better-than-expected mine performances and a successful ramp up at an underground mine in Mongolia. Rio's takeover of Arcadium Lithium came to $US7.6 billion. Along with property and equipment purchases, $US3.8 billion in dividends and other outgoings, this took its net debt to $US14.6 billion, swelling from $US5.5 billion at the end of 2024. Mr Cunningham was confident about Rio's books. "We feel that the balance sheet is in really good shape, and we have flexibility going forward with these sorts of levels," he told investors. "This is a cyclical industry, cash flow goes up and down what we've got to do is use the balance sheet to really make sure we can deliver against the strategy, and also deliver shareholder returns. RBC Capital Markets analysts Kaan Peker and Ben Davis said sentiment on the result would be positive. "Rio Tinto produced a good set of operational results across key divisions that was a six per cent beat at the product group level," the analysts wrote. "But this was dragged down by other items including restructuring costs at Arcadium." Looking further afield, the miner said the global economy appeared resilient, with the energy transition likely to support commodity demand growth. It was likewise optimistic about China's growth prospects, supported by ongoing domestic stimulus and Beijing's commitment to infrastructure investment to offset its ailing property sector. The US economy was holding up despite tariff impacts still feeding through to inflation and consumer sentiment but high mortgage rates, stubborn construction costs and labour shortages weighing on its housing sector. Lumbering iron ore prices and multiple cyclones have weighed on Rio Tinto's profits, but the miner's increasing diversification across other commodities has helped balance the result. Rio posted a $US4.5 billion ($A6.9 billion) net profit in the six months to June 30, a 22 per cent slip on the same period in 2024, after its Pilbara operations were affected by four cyclones. Iron ore is the group's biggest earner, and ore prices have grinded roughly 15 per cent lower from $US107 a tonne to as low as $US93 in 2025. Chief executive Jakob Stausholm, who will make way for incoming boss Simon Trott on August 25, said he had often seen higher prices at other times while at the company's helm. "But this set of results are the strongest, demonstrating real momentum in improving operational performance, real value from a more diversified portfolio, and excellence in unlocking growth projects," Mr Stausholm told investors at an results presentation in London. Positive earnings and cash flow results were buoyed by strong prices and production in aluminium and copper, which helped offset the weaker iron ore performance, chief financial officer Peter Cunningham said. "It's also important to note that going forward, over the next 10 years, we expect that 40 per cent of (iron ore) production from the majors needs to be replaced," he told investors. "And while China's steel consumption has plateaued, there is demand growth elsewhere in global steel markets often supplied by Chinese exports." The company will pay an interim ordinary dividend of $US1.48 ($A2.27) a share, worth $US2.4 billion, delivering its promised 50 per cent payout ratio but a step down from last year's $US1.77 per share. Rio Tinto's production guidance remained largely unchanged, but Pilbara shipments were tipped to fall to the lower end of the expected range because of cyclones in the first quarter. Bauxite and copper production was forecast to come in at the higher end of expectations thanks to better-than-expected mine performances and a successful ramp up at an underground mine in Mongolia. Rio's takeover of Arcadium Lithium came to $US7.6 billion. Along with property and equipment purchases, $US3.8 billion in dividends and other outgoings, this took its net debt to $US14.6 billion, swelling from $US5.5 billion at the end of 2024. Mr Cunningham was confident about Rio's books. "We feel that the balance sheet is in really good shape, and we have flexibility going forward with these sorts of levels," he told investors. "This is a cyclical industry, cash flow goes up and down what we've got to do is use the balance sheet to really make sure we can deliver against the strategy, and also deliver shareholder returns. RBC Capital Markets analysts Kaan Peker and Ben Davis said sentiment on the result would be positive. "Rio Tinto produced a good set of operational results across key divisions that was a six per cent beat at the product group level," the analysts wrote. "But this was dragged down by other items including restructuring costs at Arcadium." Looking further afield, the miner said the global economy appeared resilient, with the energy transition likely to support commodity demand growth. It was likewise optimistic about China's growth prospects, supported by ongoing domestic stimulus and Beijing's commitment to infrastructure investment to offset its ailing property sector. The US economy was holding up despite tariff impacts still feeding through to inflation and consumer sentiment but high mortgage rates, stubborn construction costs and labour shortages weighing on its housing sector. Lumbering iron ore prices and multiple cyclones have weighed on Rio Tinto's profits, but the miner's increasing diversification across other commodities has helped balance the result. Rio posted a $US4.5 billion ($A6.9 billion) net profit in the six months to June 30, a 22 per cent slip on the same period in 2024, after its Pilbara operations were affected by four cyclones. Iron ore is the group's biggest earner, and ore prices have grinded roughly 15 per cent lower from $US107 a tonne to as low as $US93 in 2025. Chief executive Jakob Stausholm, who will make way for incoming boss Simon Trott on August 25, said he had often seen higher prices at other times while at the company's helm. "But this set of results are the strongest, demonstrating real momentum in improving operational performance, real value from a more diversified portfolio, and excellence in unlocking growth projects," Mr Stausholm told investors at an results presentation in London. Positive earnings and cash flow results were buoyed by strong prices and production in aluminium and copper, which helped offset the weaker iron ore performance, chief financial officer Peter Cunningham said. "It's also important to note that going forward, over the next 10 years, we expect that 40 per cent of (iron ore) production from the majors needs to be replaced," he told investors. "And while China's steel consumption has plateaued, there is demand growth elsewhere in global steel markets often supplied by Chinese exports." The company will pay an interim ordinary dividend of $US1.48 ($A2.27) a share, worth $US2.4 billion, delivering its promised 50 per cent payout ratio but a step down from last year's $US1.77 per share. Rio Tinto's production guidance remained largely unchanged, but Pilbara shipments were tipped to fall to the lower end of the expected range because of cyclones in the first quarter. Bauxite and copper production was forecast to come in at the higher end of expectations thanks to better-than-expected mine performances and a successful ramp up at an underground mine in Mongolia. Rio's takeover of Arcadium Lithium came to $US7.6 billion. Along with property and equipment purchases, $US3.8 billion in dividends and other outgoings, this took its net debt to $US14.6 billion, swelling from $US5.5 billion at the end of 2024. Mr Cunningham was confident about Rio's books. "We feel that the balance sheet is in really good shape, and we have flexibility going forward with these sorts of levels," he told investors. "This is a cyclical industry, cash flow goes up and down what we've got to do is use the balance sheet to really make sure we can deliver against the strategy, and also deliver shareholder returns. RBC Capital Markets analysts Kaan Peker and Ben Davis said sentiment on the result would be positive. "Rio Tinto produced a good set of operational results across key divisions that was a six per cent beat at the product group level," the analysts wrote. "But this was dragged down by other items including restructuring costs at Arcadium." Looking further afield, the miner said the global economy appeared resilient, with the energy transition likely to support commodity demand growth. It was likewise optimistic about China's growth prospects, supported by ongoing domestic stimulus and Beijing's commitment to infrastructure investment to offset its ailing property sector. The US economy was holding up despite tariff impacts still feeding through to inflation and consumer sentiment but high mortgage rates, stubborn construction costs and labour shortages weighing on its housing sector.
West Australian
2 days ago
- Business
- West Australian
Rio Tinto trims dividend as Pilbara iron ore output and lithium investment weighs on bottom line
Pilbara cyclones, weaker iron ore prices and a lithium splurge have dented the dividend payout scores Rio Tinto's mum and dad shareholders are set to receive. Rio generated $US26.9 billion ($41.3b) of sales revenue during the first six months of 2025, a flat result compared to the same period a year prior. The average price Rio fetched for its most important commodity — iron ore — fell by 13 per cent year-on-year and production also went backwards after a series of cyclones in January and February savaged its key Pilbara port facilities. This was partially offset by Rio's 'improving operational performance' and a 'rising contribution' from its aluminium and copper divisions. Approximately $US6.9b of net cash was generated across Rio's global operations, down 2 per cent on the first-half 2024 result. Net debt ballooned by more than 160 per cent from $US5.5b to $US15b after Rio took on fresh loans to fund its $US6.7b purchase of Arcadium Lithium, which was completed in March. Rio progressed other lithium projects in South America and Europe during the first half. Group net profit was 22 per cent lower at $US4.5b and this cascaded through to a 16 per cent cut in the interim dividend to $US1.48. More to come . . .
