Rio Tinto has approved a $77 million pre-feasibility study to progress development of the Rhodes Ridge project, one of the world's best undeveloped iron ore deposits, in the East Pilbara in Western Australia. The commencement of a PFS follows completion of an Order of Magnitude study that considered development of an operation with initial capacity of up to 40 million tonnes annually, subject to relevant approvals. The [...]
Rio Tinto and Giampaolo Group have completed a transaction to form the Matalco joint venture, combining the strengths of North America's largest primary and secondary aluminium producers to meet the growing demand from manufacturers for low carbon materials. Following the receipt of all regulatory approvals, Rio Tinto has acquired a 50% equity stake in the Matalco business from Giampaolo Group for $700 million, subject to [...]
Rio Tinto has reached a court approved settlement with the Securities and Exchange Commission of a suit brought in 2017 concerning disclosure of the impairment of Rio Tinto Coal Mozambique reflected in Rio Tinto's 2012 year-end accounts. Without admitting to or denying the SEC's allegations related to its books, records and reporting requirements, Rio Tinto will pay a US$28 million penalty and retain an independent [...]
Rio Tinto and Aymium have partnered to develop and trial a renewable biocarbon product for use as an alternative resource to reduce emissions in large scale industrial processes. The product has been successfully trialled as a replacement for anthracite used in ilmenite smelting processes at Rio Tinto's metallurgical complex in Sorel-Tracy, a world leading producer of high-grade titanium dioxide feedstock as well as iron [...]
Rio Tinto has today completed the acquisition of PanAmerican Silver's stake in Agua de la Falda and entered a joint venture with Corporación Nacional del Cobre de Chile to explore and potentially develop the company's assets in Chile's prospective Atacama region. The acquisition, announced on 1 August 2023, comprises a 57.74% operating stake in Agua de la Falda for $45 million and the grant of net smelter returns [...]
Rio Tinto and cable solution provider Prysmian are partnering to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition. Power generation from renewables in the U.S. is expected to increase from 21% in 2021 to 44% in 20501, requiring significant investments in power grids and boosting demand for innovative materials used in electrification projects. To [...]
Rio Tinto and Yindjibarndi Energy Corporation have signed a memorandum of understanding to explore opportunities to collaborate on renewable energy projects on Yindjibarndi country in the Pilbara region of Western Australia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231020839231/en/ Rio Tinto and YEC will study and evaluate a range of opportunities [...]
Rio Tinto Chief Executive Jakob Stausholm said: "We delivered another quarter of progress and maintained momentum at our Pilbara iron ore operations. We continued to make good headway ramping up our Oyu Tolgoi high-grade underground copper mine, our Kitimat aluminium smelter returned to full production, and we safely restarted the smelter and refinery at Kennecott after completing the largest rebuild in its history. We [...]
The Bell Centre, home of the Montreal Canadiens, is set to introduce infinitely recyclable cups made from aluminium produced in the Saguenay - Lac-Saint-Jean region, in Québec, for use at sporting and entertainment events thanks to a new partnership between Rio Tinto and the Montreal Canadiens. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231012393009/en/ Rio [...]
Rio Tinto's Iron Ore Company of Canada has announced a major donation of CAN$4 million over two years to the Cégep de Sept-Îles in Quebec, Canada for the construction of its new pavilion for training, research and innovation in the railway, industrial maintenance and energy intelligence industries. The initiative is part of a long-standing collaboration between IOC and the local college, notably through the RAIL Centre of [...]
Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric Renewable Energy, will join Rio Tinto on 23 October 2023. Jérôme is a French citizen with over 30 years of business experience, including senior leadership roles in global companies in the mining and energy fields. He joined GE in 2015, when GE completed its [...]
Rio Tinto and First Quantum Minerals have completed a transaction to form a joint venture that will work to unlock the development of the La Granja project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at high altitude in Cajamarca, Northern Peru, that has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral [...]
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