Rio Tinto Plc (ADR)

Rio Tinto has reached a settlement with the Australian Securities and Investment Commission regarding the disclosure of the impairment of Rio Tinto Coal Mozambique , which was reflected in Rio Tinto's 2012 year-end accounts. As part of this court approved settlement, Rio Tinto will pay a A$750,000 penalty for a single contravention of its continuous disclosure obligations in the period 21 December 2012 to 17 January 2013 [...]

Rio Tinto has donated A$1.5 million to disaster relief and recovery efforts supporting people affected by widespread floods in Queensland and New South Wales. The funds will help provide vital support to impacted communities and comprise of: A$750,000 to the Australian Red Cross' Floods Appeal which enables volunteers and staff to help with evacuation and relief centres, as well as supporting people and communities to [...]

Hinda Gharbi has notified the Board of her intention to step down as a non-executive director of Rio Tinto at the conclusion of the Rio Tinto Plc AGM on 8 April 2022. Ms Gharbi, who has served on the Rio Tinto Board since 2020, is stepping down in order to concentrate on joining Bureau Veritas, initially as Chief Operating Officer and transitioning in 2023 to the position of Chief Executive Officer. Rio Tinto chairman [...]

Rio Tinto Chief Executive Jakob Stausholm said: "Our people have continued to safely run our world-class assets and are working hard to improve our operational performance, despite challenging operating conditions from prolonged COVID-19 disruptions. The recovery of the global economy, driven by industrial production, resulted in significant price strength for our major commodities, which we were able to capture [...]

The Tasmanian Government and Rio Tinto will work together to ensure a strong and sustainable future economy for George Town, the Tamar Valley region and Tasmania, in a new partnership signed today at the Bell Bay Aluminium smelter. The partnership will seek to drive economic growth and employment outcomes in the State and support the Tasmanian Government's target of doubling renewable electricity generation by 2040. Under [...]

The US Department of Energy has awarded $2.2 million of funding to a Rio Tinto-led team to explore carbon storage potential at the Tamarack nickel joint venture in central Minnesota. Rio Tinto has assembled a team of climate innovation and research leaders to explore new approaches in carbon mineralisation technology as a way to safely and permanently store carbon as rock. Rio Tinto will contribute $4 million in funding [...]

Yinhawangka Aboriginal Corporation and Rio Tinto have agreed on a new co-designed management plan to ensure the protection of significant social and cultural heritage values as part of Rio Tinto's proposed development of the Western Range iron ore project in the Pilbara region of Western Australia. The Social, Cultural Heritage Management Plan is the result of strong collaboration over the past year between the [...]

Rio Tinto notes Energy Resources of Australia Ltd. today released the preliminary findings from its reforecast of the cost and schedule for the Ranger rehabilitation project in Australia's Northern Territory, which have been subject to independent review . This release follows ERA's announcements on 27 September 2021, 8 October 2021 and 19 November 2021 where ERA forecast cost and schedule overruns for the Ranger [...]

Rio Tinto today published a comprehensive external review of its workplace culture, commissioned as part of its commitment to ensure sustained cultural change across its global operations. The review, which was carried out by former Australian Sex Discrimination Commissioner Elizabeth Broderick, identified disturbing findings of bullying, sexual harassment, racism and other forms of discrimination throughout the company [...]

Rio Tinto, Turquoise Hill Resources and the Government of Mongolia have reached an agreement that will move the Oyu Tolgoi project forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia. As a result, the OT Board, comprised of representatives of Rio Tinto, TRQ and Erdenes Oyu Tolgoi which is wholly owned by the Government of Mongolia, has unanimously approved [...]