Rio Tinto Plc (ADR)

Rio Tinto has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane metallurgical complex in Sorel-Tracy, Quebec. The $6 million project, in which the Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals, was completed on time and on budget, less than six months [...]

Rio Tinto has appointed Peter Cunningham as Chief Financial Officer with immediate effect. Peter, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executive director at the same time. Peter was previously Group Controller and has held a number of senior financial and non-financial leadership positions across Rio Tinto in Australia and the UK. In a career spanning [...]

Rio Tinto has partnered with the Australian Renewable Energy Agency to study whether hydrogen can replace natural gas in alumina refineries to reduce emissions. Rio Tinto will conduct a $1.2 million feasibility study, equally funded with ARENA through a $580,000 grant, into using clean hydrogen to replace natural gas in the calcination process of refining at the Yarwun aumina refinery in Gladstone. The study program [...]

Rio Tinto has appointed Ben Wyatt as a non-executive director. Mr Wyatt, an Australian citizen, will join the Board on 1 September 2021. Mr Wyatt brings extensive public policy, regulatory and international trade experience to the Board from his time as Treasurer and Aboriginal Affairs Minister in the Western Australian Government. Before entering the State Parliament in 2006, Mr Wyatt was a barrister and solicitor. Rio [...]

Rio Tinto and InoBat, a European battery technology and manufacturing company, have signed a Memorandum of Understanding to work together to accelerate the establishment of a "cradle to cradle" battery manufacturing and recycling value chain in Serbia. The partnership will cover the full commodity life-cycle from mining through to recycling of lithium. Rio Tinto's Jadar project in Serbia, one of the largest greenfield [...]

Rio Tinto's ISAL smelter in Iceland has been certified by the Aluminium Stewardship Initiative for meeting the highest internationally recognised standards for responsible aluminium production. The certification continues Rio Tinto's leadership of the industry on responsible aluminium production from mine to metal, and means customers can be assured aluminium produced at ISAL meets independent environmental, social and [...]

Rio Tinto today released updated information in relation to its global tailings facilities to align with the requirements of the Global Industry Standard for Tailings Management released in August 2020, an initiative co-convened by the International Council on Mining and Metals, United Nations Environment Programme and the Principles for Responsible Investment. The latest disclosure at http://www.riotinto.com/tailings [...]

Barbara Levi, Chief Legal Officer & External Affairs, has accepted the position of Group General Counsel at UBS and will leave Rio Tinto by the end of October 2021. A thorough search has commenced to identify a suitable successor. Jakob Stausholm, Chief Executive said "Barbara has made a significant contribution during her time with Rio Tinto and we will be saddened to see her leave. We offer her our very best wishes for [...]

Rio Tinto Chief Executive Jakob Stausholm said: "We achieved an overall solid operating performance in the first quarter. We have maintained guidance ranges in all our products, with site teams successfully managing the effects of significant rainfall, in particular at our Australian iron ore assets. "It has been a period of deep reflection for the company, and I have personally spent a significant amount of time [...]

Rio Tinto has entered into a binding Heads of Agreement with Turquoise Hill Resources for an updated funding plan for the completion of the Oyu Tolgoi Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion1, building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered [...]