Oyu Tolgoi LLC has completed an updated feasibility study and is in the process of submitting this to the Government of Mongolia. The OTFS20 has been prepared in accordance with Mongolian regulations and standards which require mining companies to submit updated feasibility studies every five years. The updated study incorporates a new mine design for Panel 0 of the Hugo Dummett North underground mine at Oyu Tolgoi. The [...]
Rio Tinto has added a new role to its executive committee as it considers the next phase of its transformation to reinforce the company’s commitment to strategy, technology and climate change in a new era. Peter Toth will become Group executive, Strategy and Development with a focus on leading Rio Tinto’s transformation efforts around portfolio, climate change, and closure, working in partnership with the product group [...]
Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State Owned Power Plant at Tavan Tolgoi. The agreement, which is a revision of the Power Source Framework Agreement signed in 2018, states that the Parties will work towards finalising a Power Purchase Agreement by the end [...]
Rio Tinto has launched a board-led review of its heritage management processes within Iron Ore following the events at Juukan Gorge, with a focus on recommending improvements to the effectiveness of its internal processes and governance. The review will be conducted by Michael L’Estrange AO, an independent non-executive director of Rio Tinto, and will seek input from Rio Tinto employees and the Puutu Kunti Kurrama and [...]
Rio Tinto’s iron ore business in Western Australia is continuing to recruit for skilled roles, apprentices, graduates and Aboriginal trainees to fill vacancies as the company progresses its development plans in the Pilbara. There are more than 300 jobs currently available including skilled operational and maintenance roles such as frontline supervisors, experienced operators of excavators, haul trucks and graders as well [...]
In order to support local community efforts to fight COVID-19 and its social and economic impacts, Rio Tinto is investing $10 million in a variety of grassroots projects across Canada and the United States. From delivering critical equipment for people working in hospitals to providing practical support to communities and families, we are contributing to efforts by our partners to help fight the pandemic. In addition, Rio [...]
Rio Tinto has introduced further measures to help combat the spread of COVID-19 in Western Australia following the start of rapid screening trials at Perth Airport. Alongside screening controls at airports including questionnaires and temperature screening, a range of other controls have already been introduced across Rio Tinto operations in the Pilbara region to help minimise transmission risk. This includes social [...]
Rio Tinto Chief Executive J-S Jacques said “In these uncertain and unprecedented times we continue to deliver products to our customers with our first priority to protect the health and safety of all our employees and communities. We are focused on maintaining a business as usual approach and have taken extensive measures to ensure we can do so safely. “All of our assets continue to operate and we achieved a very robust [...]
Rio Tinto paid $7.6 billion in taxes and royalties globally in 2019, including $4.8 billion of corporate tax, as detailed in its latest Taxes paid report, published today. The majority of its taxes were paid in Australia , home to the largest part of Rio Tinto’s business. The company also made significant payments in Chile , Mongolia , Canada , United States , the United Kingdom and South Africa . The report also outlines [...]
Rio Tinto chief executive J-S Jacques said ?Covid-19 is a human tragedy and we all have to play our part as the pandemic spreads. Rio Tinto?s first priority remains the health and safety of all of our employees and communities. During these uncertain times, we continue to deliver products to our customers supported by our global sales and marketing teams. ?We have taken extensive measures across the business to help [...]
Today, as a result of separate actions by the Premier of Quebec and the President of South Africa to contain the spread of COVID-19, Rio Tinto will slow down some of its operations. At Richards Bay Minerals in South Africa Rio Tinto will curtail production in compliance with a directive from the Government aimed at containing the spread of COVID-19. As a result, all mining operations at RBM will be halted by midnight on [...]
Rio Tinto’s Kennecott mine near Salt Lake City , Utah, was today impacted as a result of a 5.7-magnitude earthquake close to the town of Magna. All employees have been safely accounted for and evacuated from the potential risk areas. At this stage we have identified limited damage to the operation or risk to the surrounding community. A detailed inspection of the complex is currently being conducted, in conjunction [...]