Rio Tinto Ltd.

Rio Tinto's Diavik Diamond Mine will build the largest solar power plant across Canada's territories, featuring over 6,600 solar panels that will generate approximately 4,200 megawatt-hours of carbon-free electricity annually for the mine. The solar power plant will provide up to 25% of Diavik's electricity during closure work that will run until 2029, with commercial production from the operation expected to end in early [...]

Rio Tinto has today disclosed detailed information on 14 of its global tailings facilities and their progress towards conformance with the Global Industry Standard on Tailings Management . These tailings facilities are those rated Very High or Extreme under GISTM classifications, based on the highest potential consequences in the extremely unlikely event of a failure. Rio Tinto Chief Technology Officer Mark Davies said [...]

Rio Tinto has agreed to purchase PanAmerican Silver's stake in Agua de la Falda S.A. , a company with exploration tenements in Chile's prospective Atacama region, and to enter a joint venture with Corporación Nacional del Cobre de Chile to explore and potentially develop Agua de la Falda's assets. Under the agreement, Rio Tinto will acquire PanAmerican Silver's 57.74% operating stake in Agua de la Falda for $45 million [...]

Rio Tinto has committed $150 million to create a Centre for Future Materials led by Imperial College London to find innovative ways to provide the materials the world needs for the energy transition. The 'Rio Tinto Centre for Future Materials' will fund research programmes to transform the way vital materials are produced, used and recycled, and make them more environmentally, economically and socially sustainable. Under [...]

Rio Tinto : Six months ended 30 June 2023 2022 Change Net cash generated from operating activities 6,975 10,474 % Purchases of property, plant and equipment and intangible assets 3,001 3,146 % Free cash flow1 3,769 7,146 % Consolidated sales revenue 26,667 29,775 % Underlying EBITDA1 11,728 15,597 % Profit after tax attributable to owners of Rio Tinto 2 5,117 8,943 % Underlying earnings per share 1 2 352.9 534.9 [...]

Rio Tinto and Giampaolo Group, one of North America's largest fully-integrated metal management businesses, have entered into an agreement to form a joint venture to manufacture and market recycled aluminium products. The transaction reflects the joint venture partners' shared commitment to meeting the increasing demand for low-carbon aluminium as a key material in the energy transition. Under the terms of the agreement [...]

Rio Tinto Chief Executive Jakob Stausholm said: "We built further momentum in our Pilbara iron ore business for the quarter, and now expect to deliver shipments in the upper half of our guidance range for the year. The ramp-up of the Oyu Tolgoi underground mine progressed ahead of plan, and we remain on track to more than triple its copper production by the end of the decade. Production downgrades during the quarter [...]

Rio Tinto and Sumitomo Corporation will build a first-of-a-kind hydrogen plant in Gladstone as part of a A$111.1 million program aimed at lowering carbon emissions from the alumina refining process. The Yarwun Hydrogen Calcination Pilot Demonstration Program received the green light after a A$32.1 million co-funding boost from the federal government's Australian Renewable Energy Agency . The program is aimed at [...]

Western Australian businesses have so far been awarded contracts totalling A$1 billion as construction progresses at the Western Range mine in the Pilbara, a joint venture between Rio Tinto and China Baowu Steel Group Co. Ltd . These include: Civmec: awarded a contract valued at more than A$330 million for the construction of a new Run of Mine pad, primary crushing facility, overland conveying circuit, and modifications [...]

Rio Tinto is investing in its Kennecott operation near Salt Lake City, Utah, to strengthen its supply of copper in the United States by increasing production from underground mining and improving the health of key assets. $498 million1 of funding has been approved to deliver underground development and infrastructure for an area known as the North Rim Skarn2 . Production from the NRS will commence in 2024 and is expected [...]