Rio Tinto chief executive J-S Jacques said “We finished the year with good momentum, particularly in our Pilbara iron ore operations and in bauxite, despite having experienced some operational challenges in 2019. We are increasing our investment, with $2.25 billion of high-return projects in iron ore and copper approved in the fourth quarter. We also boosted our exploration and evaluation expenditure to $624 million [...]
Rio Tinto has donated a further A$750,000 to the Red Cross’ disaster relief and recovery efforts that are supporting people affected by Australia’s bushfire crisis. It adds to the A$250,000 Rio Tinto donated to the Red Cross in November, bringing the company’s total donation to A$1 million. The funds will be used to help Red Cross emergency service teams provide vital support to impacted communities [...]
Rio Tinto has today started the process of resuming operations at Richards Bay Minerals in South Africa. This follows discussions led by the Premier of KwaZulu-Natal, Sihle Zikalala, involving all stakeholders focused on securing stability in order to address the issues in the community and provide the stable environment necessary for RBM to resume operations. A phased restart is now in progress across the operation, with [...]
Rio Tinto is now offering independently certified, responsibly produced aluminium from its smelters in Australia and New Zealand that predominantly use hydro-powered electricity. Aluminium Stewardship Initiative has granted its Performance Standard and Chain of Custody certifications to Rio Tinto’s Amrun and Weipa bauxite mines, Yarwun alumina refinery, and the Bell Bay and NZAS aluminium smelters. This strengthens [...]
Rio Tinto notes the unanimous approval by the Mongolian Parliament of a Resolution that instructs the government to look for ways to improve the implementation of the Investment Agreement of 2009, the Amended & Restated Shareholder Agreement of 2011 and to improve the Underground Mine Development & Financing Plan of 2015. The passing of this Resolution effectively re-confirms the validity of all the investment agreements [...]
Rio Tinto has decided to curtail operations at Richards Bay Minerals in South Africa to ensure the safety and security of its employees due to an escalation in violence in the communities surrounding the operations. There has been an escalation of criminal activity towards RBM employees and one was shot and seriously injured in the last few days. As a result, all mining operations at RBM have been halted and the smelters [...]
Rio Tinto has approved a $1.5 billion investment to continue production at its Kennecott copper operation in the United States. The investment over the next six years will extend operations at Kennecott to 2032. The investment will further extend strip waste rock mining and support additional infrastructure development in the second phase of the South Wall Pushback project, to allow mining to continue into a new area of [...]
The Centre of Excellence for Indigenous Minerals Development today announced Rio Tinto will be a founding partner, supporting its work for Indigenous communities that want to understand how they can engage with and participate in minerals development. The Centre is being established by Waubetek, an Indigenous development corporation in Ontario, as a unique hub of learning and research for First Nations and Indigenous [...]
Rio Tinto will work with leaders in Australia’s education and innovation sectors in a new, disruptive approach designed to tackle a looming skills gap in the nation’s future workforce. The company will invest A$10 million in a four-year national programme, targeted at school-age learners, that aims to fast-track the development of skills needed for the digital future, including critical thinking [...]
Rio Tinto’s 2019 Argyle Pink Diamonds Tender collection of 64 rare pink and red diamonds from its iconic Argyle mine has delivered strong results reflecting intense global demand for the rare diamonds. The 2019 collection, the 35th Tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine countries. Whilst bids and total values remain [...]
Rio Tinto will reduce the annual carbon footprint associated with its Kennecott Utah Copper operation by as much as 65 percent through purchasing renewable energy certificates and permanently shutting its coal power plant. Kennecott’s electricity needs will now be paired with 1.5 million megawatt hours of renewable energy certificates supplied by Rocky Mountain Power, primarily sourced from its Utah allocated [...]
The World Bank today launched its new Climate-Smart Mining Facility, aimed at building partnerships to manage the role mining will play in supplying the minerals needed for clean energy technologies to help address climate change. The initiative will bring together governments, private sector companies, academic and research institutions to promote sustainable mining practices in resource rich developing countries, with [...]
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