Rio Tinto has priced US$9.0 billion of fixed and floating rate SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance plc and will be fully and unconditionally guaranteed by Rio Tinto Plc and Rio Tinto Ltd.. The bond offer consists of eight tranches and the principal amount, tenor and coupon for each tranche are as follows: US$500 million two-year notes priced at a fixed coupon of 4.375% maturing in [...]
Rio Tinto will invest $1.8 billion1 to develop the Brockman Syncline 1 mine project , extending the life of the Brockman region in the West Pilbara of Western Australia and sustaining production from the company's world class iron ore operations. The project has now received all necessary State and Federal Government approvals and has been developed in consultation with the Puutu Kunti Kurrama and Pinikura Traditional [...]
Rio Tinto's East Intercourse Island facility at Dampier Port in Western Australia's Pilbara region has resumed operations after being impacted by Tropical Cyclone Sean. A railcar dumper at the EII port facility was flooded when Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline, including 274mm to Karratha, on 20 January 2025. Dumper operation at EII resumed last week and the first ship was [...]
Rio Tinto today announces a number of Board changes. Rio Tinto Chair Dominic Barton said: "As we reported last year, the size of the Board peaked at 14 Directors as we retained the expertise and experience of our longer-serving Directors during a transitional period as newer Directors familiarise themselves with the Group. That transitional phase is now largely concluded so we will make the following changes to the Board [...]
Rio Tinto : Resilient financials with underlying EBITDA of $23.3 billion, despite 11% lower iron ore price*. Higher net cash generated from operating activities of $15.6 billion, driven by portfolio mix and effective working capital management. Profit after tax attributable to owners of Rio Tinto of $11.6 billion. Full year ordinary dividend of $6.5 billion, a 60% payout: nine-year track record at top end of payout range [...]
Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture from Rio Tinto's partners. Mitsui & Co. has agreed to acquire all of VOC Group Limited's 25% interest1 in the joint venture. Separately, Mitsui & Co. has entered into a heads of agreement to acquire a further 15% interest in the RRJV from AMB Holdings Pty Ltd1. Both transactions are subject to regulatory [...]
Rio Tinto's port, rail and mine operations have resumed after Tropical Cyclone Zelia passed over Western Australia's Pilbara region. All our people remained safe and unharmed during the weather event, which crossed the Pilbara coast north of Port Hedland on 14 February 2025. Ship loading resumed at Cape Lambert and Dampier Ports on 15 February and all mines are operating. Year to date, Dampier Port has been closed for 10 [...]
Arcadium Lithium has now received all required pre-closing regulatory approvals in connection with the proposed acquisition of Arcadium Lithium by Rio Tinto. This includes merger control clearance being satisfied or waived in Australia, Canada, China, Japan, South Korea, the United Kingdom and the United States, as well as investment screening approval being satisfied in Australia, Canada, Italy, the United Kingdom and [...]
Rio Tinto is prioritising the safety of its people as Tropical Cyclone Zelia heads toward the Pilbara region of Western Australia. Tropical Cyclone Zelia has intensified to a Category 5 system, with the Bureau of Meteorology forecasting it will cross the coast between Port Hedland and Karratha on Friday, local time. Cape Lambert and Dampier Ports have been cleared and there are no longer any ships or trains operating at [...]
Rio Tinto has donated A$750,000 to support disaster relief efforts for those impacted by the widespread floods in North Queensland. The funds will support the work of key organisations, including the Queensland Royal Flying Doctors Service and the Queensland Red Cross, which are providing medical care, running evacuation centres and helping people recover from the disaster. Rio Tinto Chief Executive, Australia, Kellie [...]
Rio Tinto's U.S. Borax has donated $600,000 to three organisations to support relief efforts for communities directly impacted by the recent wildfires in Los Angeles region. The Kern County Fire Department, Los Angeles Fire Department Foundation and the Los Angeles Regional Food Bank will each receive a donation of $200,000. The funds will help support immediate disaster response services, including providing emergency [...]
Rio Tinto and Hydro will join forces to identify and evaluate available carbon capture technologies for future implementation in the aluminium electrolysis process. The companies have signed a partnership agreement that provides for the sharing of certain information, results and costs covering specific R&D activities from lab tests with external suppliers to larger, on-site pilots, with the aim of creating improved [...]