Rio Tinto will conduct a strategic review of the ISAL smelter in Iceland, to determine the operation’s ongoing viability and explore options to improve its competitive position. ISAL is expected to remain unprofitable in the short to medium term in the challenging conditions facing the aluminium industry, due to the smelter’s uncompetitive energy costs and historically low aluminium prices. Rio Tinto will [...]
Join Ellis Martin for a conversation with David Watkinson, the President and CEO of Emgold Mining Corp. . Emgold is a gold, silver, and base metal exploration company focused on Nevada and Quebec. The Company's strategy is to look for asset acquisitions in a buyer's market, add value to the acquisitions through computerization and remodeling of historic exploration data, new exploration, and application of modern [...]
Rio Tinto has donated US$1 million to the Chinese Red Cross Foundation to contribute to China’s nationwide medical effort to support those impacted by the novel coronavirus outbreak. The funds will be used by the Red Cross Foundation, the Chinese Government’s preferred foreign donor, to support hospital upgrades and the purchase of medical supplies in the areas most affected by the outbreak. The Foundation [...]
Rio Tinto is committed to paying small and medium business suppliers with up to $1 million of annual expenditure within 30 days of receipt of invoice. This is in line with the Australian Supplier Payment Code. Rio Tinto is continually striving to improve supplier experiences, and our on-time supplier payments rate, which currently stands at approximately 96 per cent. Last year, Rio Tinto introduced a voluntary online [...]
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 [...]
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