Rio Tinto is today providing an update at its Investor Seminar on progress against its long-term strategy to strengthen the business, grow in a decarbonising world and continue to deliver attractive shareholder returns. Updates will include Rio Tinto's market outlook, with the energy transition expected to add as much as 25% in new demand above traditional sources on a copper equivalent basis across the Group's key [...]
Rio Tinto is planning to invest a further $600 million in renewable energy assets in the Pilbara as part of the company's efforts to decarbonise its Western Australian iron ore operations. The investment will fund the construction of two 100MW solar power facilities as well as 200MWh of on-grid battery storage in the Pilbara by 2026. This is in addition to the 34MW of solar power installed at the recently commissioned [...]
The Puutu Kunti Kurrama and Pinikura Aboriginal Corporation and Rio Tinto have agreed to create the Juukan Gorge Legacy Foundation after signing a remedy agreement regarding the tragic destruction of two ancient rock shelters at Juukan Gorge in the Pilbara region of Western Australia in 2020. In accordance with the right to self-determination, the agreement reflects the desire of the Traditional Owners to create a [...]
Rio Tinto has marked the start of this year's 16 Days of Activism against Gender-Based Violence with an increase in its support for local organisations that help people experiencing domestic violence. For the third consecutive year, Rio Tinto is supporting organisations across Canada that provide shelters, counselling, education, training, workshops, and activities to help women, children, and members of the LGBTQ [...]
Rio Tinto acknowledges the release of the Australian Federal Government's response to the Joint Standing Committee on Northern Australia's report into the destruction of rock shelters in Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people in the Pilbara Region of Western Australia. Rio Tinto Chief Executive Jakob Stausholm said, "Since the tragic events of May 2020, we have been tirelessly focused on [...]
Rio Tinto has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonise the steel value chain. The process, known as BioIron™, uses raw biomass instead of metallurgical coal as a reductant and microwave energy to [...]
Rio Tinto is building on its more than 50 years of work to help create thriving and resilient communities across Western Australia with a A$250 million commitment to the State Government's new Resources Community Investment Initiative. The initiative announced by Western Australian Premier Mark McGowan MLA today provides a platform for direct contributions from resources companies to iconic infrastructure projects in the [...]
Rio Tinto has carefully considered the concerns raised by minority shareholders of Turquoise Hill Resources Ltd. in relation to the dissent and dispute resolution provisions in the agreements it entered into with certain funds and other entities related to Pentwater Capital Management LP and SailingStone Capital Partners LLC that were previously announced on 1 November 2022. Rio Tinto in good faith has been negotiating [...]
Rio Tinto, BHP and Fortescue are launching an innovative pilot program aimed at helping to eliminate disrespectful behaviour in the resources industry including sexual harassment, bullying and racism. The launch comes after the three companies formed a partnership in October last year as part of their combined response to reports of unacceptable sexual harassment in the mining industry. The three companies have worked [...]
Rio Tinto and Yindjibarndi Aboriginal Corporation have signed an updated agreement aimed at strengthening ties and delivering improved social and economic outcomes for the Yindjibarndi people for generations to come. The updated agreement, delivered as part of Rio Tinto's commitment to modernise its relationships with Traditional Owners, was signed yesterday on Yindjibarndi Country at Jirndawirrinha , a location that is [...]
CR Minerals Company, LLC today announced that they have reached an agreement with Rio Tinto , on the production of pozzolans from waste materials at the U.S. Borax facility in Boron, CA. Using mine waste materials to create low carbon alternatives to cement. CR Minerals intends to use waste tailings present onsite to produce pozzolans that can be used as a cement replacement in concrete. The pozzolans will be manufactured [...]
Rio Tinto has entered into agreements with certain funds and other entities related to Pentwater Capital Management LP and SailingStone Capital Partners LLC in relation to the special meeting of Turquoise Hill Resources Ltd. shareholders to vote on Rio Tinto's acquisition by way of plan of arrangement of the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not own for C$43.00 [...]
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