The Naskapi Nation of Kawawachikamach and the Iron Ore Company of Canada today signed an agreement to establish a mutually beneficial relationship based on dialogue, collaboration and trust between the company and the community over the coming decades. The agreement was named "Aganow", which refers to "iron ore" in the Naskapi language. This socio-economic agreement aims to create opportunities for greater participation [...]
Rio Tinto venture Nuton LLC has completed an arm's length non-brokered private placement financing with Regulus for a strategic investment of US$15 million . Pursuant to the Financing, Nuton was issued 20,058,974 common shares in the capital of the Company at an issuance price equal to C$1.02 per Common Share. Upon completion of the Financing, Nuton acquired beneficial ownership and control over 20,058,974 Common Shares [...]
Rio Tinto Chief Executive Jakob Stausholm, said: "We were fatality free for the fourth consecutive year, as we continue to put safety at the forefront of everything we do. A number of operational records were achieved in the second half across the Pilbara iron ore mine and rail system. Deployment of our Safe Production System resulted in improved performance at those sites and overall production was higher versus 2021 [...]
Rio Tinto has donated $2 million to the Lord Mayor's Distress Relief Fund to support Kimberley communities left devastated by the catastophic flooding event generated by ex-Tropical Cyclone Ellie. Employee donations to the Lord Mayor's Distress Relief Fund, which opened today, will also be matched dollar-for-dollar by Rio Tinto. Rio Tinto Iron Ore Chief Executive Simon Trott, said "With our strong connection with the [...]
Rio Tinto has appointed Kaisa Hietala as a non-executive director. Ms Hietala, a Finnish citizen, will join the Board on 1 March 2023. Ms Hietala is an experienced executive with a strong track record of helping companies transform the challenges of environmental megatrends into business opportunities and growth. She began her career in upstream oil and gas exploration and, as Executive Vice President of Renewable [...]
Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd. for a consideration of approximately $3.1 billion1, simplifying its ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto's copper portfolio, and demonstrating its long-term commitment to the project and Mongolia. Rio Tinto now holds a 66% direct interest in the Oyu Tolgoi project with the remaining 34% owned [...]
Today, Rio Tinto held a site visit for the financial community to our Bundoora Technical Development Centre in Melbourne, Australia. The associated presentation can be found on our website via the link below: https://www.riotinto.com/en/invest/presentations View source version on businesswire.com: https://www.businesswire.com/news/home/20221212005859/en/ Contact Please direct all enquiries to media.enquiries@riotinto.com [...]
Rio Tinto has received the required support from Turquoise Hill Resources Ltd. shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own. Given the transaction is being conducted by way of a Canadian plan of arrangement, it remains subject to the final approval of the Supreme Court of Yukon with a hearing scheduled for 14 [...]
Rio Tinto is today providing an update at its Investor Seminar on progress against its long-term strategy to strengthen the business, grow in a decarbonising world and continue to deliver attractive shareholder returns. Updates will include Rio Tinto's market outlook, with the energy transition expected to add as much as 25% in new demand above traditional sources on a copper equivalent basis across the Group's key [...]
Rio Tinto is planning to invest a further $600 million in renewable energy assets in the Pilbara as part of the company's efforts to decarbonise its Western Australian iron ore operations. The investment will fund the construction of two 100MW solar power facilities as well as 200MWh of on-grid battery storage in the Pilbara by 2026. This is in addition to the 34MW of solar power installed at the recently commissioned [...]
The Puutu Kunti Kurrama and Pinikura Aboriginal Corporation and Rio Tinto have agreed to create the Juukan Gorge Legacy Foundation after signing a remedy agreement regarding the tragic destruction of two ancient rock shelters at Juukan Gorge in the Pilbara region of Western Australia in 2020. In accordance with the right to self-determination, the agreement reflects the desire of the Traditional Owners to create a [...]
Rio Tinto has marked the start of this year's 16 Days of Activism against Gender-Based Violence with an increase in its support for local organisations that help people experiencing domestic violence. For the third consecutive year, Rio Tinto is supporting organisations across Canada that provide shelters, counselling, education, training, workshops, and activities to help women, children, and members of the LGBTQ [...]
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