Ivan Vella, Chief Executive, Aluminium, has accepted a new position outside of Rio Tinto and will leave in December 2023. He will continue to lead Aluminium while a robust process to identify his successor is undertaken but has stepped down from the Group's executive committee with immediate effect. Rio Tinto Chief Executive Jakob Stausholm said, "Ivan has made a significant contribution during his 20-year career with Rio [...]
Rio Tinto will invest $1.1 billion to expand its state-of-the-art AP60 aluminium smelter equipped with low-carbon technology at Complexe Jonquière in Canada. The total investment includes up to $113 million of financial support from the Quebec government. This expansion, which will coincide with the gradual closure of potrooms at the Arvida smelter on the same site, will enable Rio Tinto to continue meeting customers [...]
China Baowu, the world's biggest steelmaker, and Rio Tinto, the world's largest iron ore producer, have signed a Memorandum of Understanding to explore a range of industry leading new projects in China and Australia to help decarbonise the steel value chain. Under the MoU, China Baowu and Rio Tinto plan to jointly advance specific decarbonisation projects, demonstrating their commitment to play a leading role in the [...]
Rio Tinto has successfully completed the full transition of its heavy machinery from fossil diesel to renewable diesel at its Boron, California operation, making it the first open pit mine in the world to achieve this milestone. The change to renewable diesel brings an anticipated CO2 equivalent reduction of up to 45,000 tonnes per year, comparable to eliminating the annual emissions of approximately 9,600 cars. Rio Tinto [...]
Rio Tinto plans to invest $395 million1 in a seawater desalination plant in the Pilbara, Western Australia, to support future water supply for the company's coastal operations and communities in the region. The proposed Dampier Seawater Desalination Plant, which remains subject to Commonwealth and State Government approvals, will be located within Rio Tinto's existing iron ore port operations at Parker Point. It will have [...]
Rio Tinto has unveiled the latest heirloom piece of Argyle Pink DiamondsTM jewellery, featuring one of the last diamonds to be mined from the Argyle mine in the East Kimberley, Western Australia. Exclusively designed by Western Australian jeweller Solid Gold Diamonds, the Argyle RoseTM is notable for featuring a total of 3.25 carats of rare Argyle pink and blue diamonds encrusted in a rose motif, surrounded by white [...]
Rio Tinto has entered into a binding agreement to acquire the Platina Scandium Project, a high-grade scandium resource in New South Wales, from Platina Resources Ltd. for $14 million. The project, near Condobolin in central New South Wales, comprises a long life, high-grade scalable resource that could produce up to 40 tonnes per annum of scandium oxide, for an estimated period of 30 years. Rio Tinto currently produces [...]
Rio Tinto Chief Executive Jakob Stausholm said: "We continue to make steady progress with our highest ever first quarter shipments achieved in the Pilbara iron ore business. Through the ongoing deployment of our Safe Production System we expect to see a sustainable lift in operating performance across our global portfolio over time, in line with improvements already achieved. "We remain focused on disciplined growth in [...]
Rio Tinto will support Energy Resources of Australia Ltd.'s recently disclosed plans for an Interim Entitlement Offer , which seeks to raise up to A$369 million to address funding requirements for the Ranger Rehabilitation Project in Australia's Northern Territory to the end of Q2 2024. Rio Tinto, which owns 86.3% of ERA's shares, has pre-committed to subscribe for its full entitlements under the terms of the IEO, at a [...]
Rio Tinto has published its 2022 Taxes and Royalties Paid Report, detailing $10.8 billion of global taxes and royalties paid during the year. This compares to $13.3 billion in 2021, during very strong commodity prices, and is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first annual Taxes Paid report, for 2010. In Australia, which is home to almost half of the company's [...]
Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at high altitude in Cajamara, Northern Peru, that has the potential to be a large, long-life operation, with a published Indicated and Inferred Mineral [...]
Rio Tinto has appointed Dean Dalla Valle and Susan Lloyd-Hurwitz as non-executive directors. Mr Dalla Valle and Ms Lloyd-Hurwitz, both Australian citizens, will join the Board on 1 June 2023 and will therefore stand for election at the annual general meetings of the company in 2024. Mr Dalla Valle brings four decades of operational and project management experience in the resources and infrastructure sectors, having [...]
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