Rio Tinto and the Australian Graduate School of Management at UNSW Business School have partnered to strengthen Indigenous leadership in the company through the School's Emerging Indigenous Executive Leaders Program . Under the partnership, the AGSM's EIELP has been tailored for Rio Tinto to focus on empowering Indigenous leaders who have an influential role in shaping the future of its business. The first group of Rio [...]
Rio Tinto and unions representing approximately 1,300 employees at the Kennecott copper operation near Salt Lake City, Utah, have reached a new Collective Bargaining Agreement. The new five-year agreement was ratified through a vote by union members held on 31 March 2022, following seven weeks of constructive negotiations. This agreement, effective 1 April 2022, delivers fair and competitive wages and enhanced benefits [...]
Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia's Foreign Investment Review Board . A binding agreement to purchase the project from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, was announced in December 2021. Rincon is a large undeveloped lithium brine project located in the [...]
Rio Tinto welcomes the release today of a joint Commonwealth Government and First Nations Heritage Protection Alliance Discussion Paper designed to strengthen state and federal cultural heritage protection laws. Rio Tinto supports strengthening safeguards for cultural heritage at both state and Commonwealth legislative levels, including the reform process currently underway to ensure an incident like the destruction of [...]
Rio Tinto has made a non-binding proposal to the Turquoise Hill Board to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently own . Under the terms of the Proposed Transaction, Turquoise Hill minority shareholders would receive C$34 in cash per Turquoise Hill share, representing a premium of 32% to Turquoise Hill's last closing share price on the Toronto [...]
Rio Tinto and peak mining unions spanning its global operations have held their biannual Steering Committee in Pittsburgh. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220309005180/en/ The Steering Committee represents a partnership between the mining and metals company and the largest mining unions in the world, including: United Steelworkers, United States [...]
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 [...]
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