Rio Tinto Ltd.

Rio Tinto : Underlying EBITDA of $12.1 billion. Net cash generated from operating activities of $7.1 billion. Profit after tax attributable to owners of Rio Tinto of $5.8 billion. Underlying earnings of $5.8 billion, leading to an interim ordinary dividend of $2.9 billion, a 50% payout. Six months ended 30 June 2024 2023 Change Net cash generated from operating activities 7,056 6,975 1% Purchases of property, plant and [...]

Rio Tinto and Aymium have formed a new joint venture named Évolys Québec Inc. to manufacture a renewable metallurgical biocarbon product to reduce carbon emissions in large scale industrial processes. This biocarbon, sourced from biomass residues, offers an alternative for anthracite currently used in ilmenite smelting processes at Rio Tinto's metallurgical complex in Sorel-Tracy. The joint venture will be established on [...]

Rio Tinto's Iron Ore Company of Canada has donated CAN$125,000 to the Canadian Red Cross to support relief efforts following the recent wildfires in the Labrador West region and has committed an additional CAN$75,000 to support community organizations assisting with the recovery phase. As wildfires forced residents of Labrador City to evacuate, including more than 2,000 IOC employees, this marks the second such evacuation [...]

Rio Tinto today celebrates the shipment of 4 billion tonnes of iron ore from the Pilbara in Western Australia to China. The shipment was loaded at Dampier Port on 19th July, bound for China Baowu Steel Group, the world's top steel producer. This milestone comes 51 years after the first shipment of almost 22,000 tonnes of Pilbara iron ore was sent from Dampier Port to China's Shanghai No.1 Steel Mill, which has since [...]

Rio Tinto has appointed Katie Jackson to lead its Copper business, succeeding Bold Baatar, who as previously announced, will become Chief Commercial Officer later this year. Katie is currently President of National Grid Ventures, responsible for the development and operation of large-scale energy infrastructure assets. She will join Rio Tinto on 1 September 2024 and be based in London. Katie has strong international [...]

Rio Tinto Chief Executive Jakob Stausholm said: "Our operational performance continues to progress. While there are still significant improvements ahead, we are beginning to see a step-change in production, including from our Queensland bauxite business following the roll-out of the Safe Production System. "We are growing with discipline in the materials the world needs for the energy transition. Construction of the [...]

All conditions have now been satisfied for Rio Tinto's investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction is expected to complete during the week of 15 July 2024. Along with the recent approval by the Board of Simfer1, this allows Simfer to invest in and fund its share of co-developed rail and port [...]

Rio Tinto extends its condolences and deepest sympathies to the family of former Conzinc Riotinto of Australia Limited Chief Executive, Chairman and Managing Director Sir Roderick Carnegie AC, who passed away on 14 July 2024 in Melbourne, aged 91. Sir Rod made a profound contribution to Rio Tinto throughout his time with the company. Under his leadership in the 1970s and 1980s, Rio Tinto discovered the Argyle Diamond Mine [...]

Ngarluma Aboriginal Corporation and Rio Tinto have agreed to pursue the development of an 80MW solar farm on Ngarluma Country, near Karratha, to supply renewable energy to the company's iron ore operations in Western Australia's Pilbara region. The solar farm is the first proposed project the Ngarluma people and Rio Tinto will pursue after a memorandum of understanding was signed to explore opportunities for renewable [...]

Rio Tinto will contribute A$20 million to the Western Australian Government towards the major redevelopment of the Paraburdoo Hospital, in the state's Pilbara region. The partnership will see the ageing Paraburdoo Hospital upgraded with contemporary purpose-built facilities to support medical services for the local community, including new rooms for the GP. Rio Tinto's contribution to the Paraburdoo Hospital will come [...]