Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company's ongoing commitment to support communities where it operates. This was an increase of 5 per cent on the previous year and was spent with more than 5,800 businesses, including Australian owned and operated businesses and locally owned and managed branches of global companies. The spend [...]
Rio Tinto continues to increase its contribution in Western Australia to support local jobs and economies, with the company boosting spending with local businesses near its operations by almost 40 per cent from a year earlier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240411794818/en/ Wesfarmers Managing Director and Chief Executive Officer Rob Scott , Rio [...]
Rio Tinto is teaming up with a leading global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the mining industry, supporting the company's efforts to find better ways to provide the materials the world needs. Rio Tinto will partner with Founders Factory and invest A$14.4 million in global pre-seed and seed stage start-ups over the next three years. The [...]
The Yinhawangka Aboriginal Corporation and Rio Tinto have collaborated to design a new program aimed at protecting and preserving Yinhawangka culture and supporting a strong, healthy and connected Yinhawangka People. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240407629590/en/ The 'Living Cultures Program' will deliver projects to record, preserve and [...]
Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group's commercial and business development activities globally. Bold will succeed Alf Barrios as Chief Commercial Officer, following his decision to retire from Rio Tinto. Bold, who is currently Chief Executive Copper, will take on accountability for business development immediately, and will relocate to Singapore to take up the role [...]
Rio Tinto will manage the Ranger Rehabilitation Project in Australia's Northern Territory on behalf of Energy Resources of Australia Ltd. , under a new Management Services Agreement signed today. The MSA will build on ERA's existing rehabilitation work with Rio Tinto's technical expertise in designing, scoping and executing closure projects. Transition to Rio Tinto management of the project will start immediately and is [...]
Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details $8.5 billion of taxes and royalties paid globally during the year. This compares to $10.8 billion in 2022, which included around $1.5 billion of Australian corporate tax payments related to prior years. In Australia, which is home to almost half of the company's global business, taxes and royalties totalling $6.6 billion were paid in 2023 [...]
Rio Tinto Exploration Canada Inc. is pleased to announce that it has acquired 108,204,112 common shares in the capital of Star Diamond Corp. in exchange for all of its interest in the Fort à la Corne joint venture . As a result, RTEC currently owns or controls, in the aggregate, 119,315,222 common shares representing a 19.9% interest in SDC. The acquisition was completed on March 26, 2024 pursuant to an exit agreement [...]
Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price. The project includes the development of a clubhouse, undercover sports viewing areas, changerooms and toilets, a commercial kitchen and kiosk, and a new shaded playground. These facilities will be used by local sporting organisations and the adjacent North Tom Price Primary school. The Minna Oval [...]
The Government of Canada awarded C$18.1 million from its Low Carbon Economy Fund to Rio Tinto's Iron Ore Company of Canada to support the decarbonization of iron ore processing at its operations in Labrador West. The funding will enable IOC to reduce the amount of heavy fuel oil that is consumed in the production of iron ore pellets and concentrate. The company will install an electric boiler to displace emissions from [...]
Rio Tinto announces that Simon McKeon will step down as a Non-Executive Director at the conclusion of the Rio Tinto Ltd. annual general meeting on 2 May 2024. Over the course of 2023, we announced the appointments of five new Non-Executive Directors as we continue to refresh the composition of the Board. As part of that phased transition, Simon McKeon has agreed to step down as a Director at the conclusion of our annual [...]
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