Rio Tinto has agreed to acquire Mitsubishi Corporation's 11.65% interest in Boyne Smelters Ltd , which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. On completion of this transaction, and the recent agreement to acquire Sumitomo Chemical Company's 2.46% interest in BSL, Rio Tinto's interest in BSL will increase to 73.5%. The acquisition, which is for an undisclosed price, is subject to [...]
Richards Bay Minerals has signed a renewable power purchase agreement with Khangela Emoyeni Wind Farm Ltd to secure 140MW of wind energy from a new wind farm situated in the Western and Northern Cape Province. The project is expected to reduce RBM's annual carbon emissions by 20%. Parties to the 20-year PPA include African Clean Energy Developments Ltd , The IDEAS Fund , investment holding company Reatile Group, and Rand [...]
Rio Tinto will invest A$8 million over five years in a partnership with Western Australia's Department of Biodiversity, Conservation and Attractions on a new project to enhance conservation land management and support Traditional Owner ranger programs in Karijini and Millstream Chichester National Parks. The Pilbara Conservation Project will protect areas of high conservation value and integrate Traditional Owners [...]
Rio Tinto will invest US$143 million to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIronTM, to support decarbonising the global steel value chain. The development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial Area, south of Perth, follows successful trials of the innovative ironmaking [...]
New Zealand Aluminium Smelters has signed 20-year electricity arrangements that secure the future of the Tiwai Point aluminium smelter to continue competitively producing high-purity, low-carbon metal, backed by a diversified mix of renewable electricity from New Zealand's South Island. NZAS, which owns and operates Tiwai Point, has signed contracts with electricity generators Meridian Energy, Contact Energy and Mercury [...]
In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240526465039/en/ Komatsu battery-electric haul truck. Credit: Komatsu The two companies will work with [...]
Rio Tinto's Iron Ore Company of Canada has won the Towards Sustainable Mining Environmental Excellence Award for its contributions to the Abandoned Site Rehabilitation Partnership: Nitassinan Cleanup project. This collaborative initiative, undertaken in partnership with the First Nations of Quebec and Labrador Sustainable Development Institute , focuses on the remediation of legacy dumpsites within Nitassinan, the [...]
Rio Tinto has donated US$1.5 million to the Icelandic Red Cross to support the people and community of Grindavík in Iceland, who have been impacted by months of volcanic eruptions. Since December, a series of volcanic eruptions has left 3,800 people homeless and damaged the community's water and electricity supplies. Residents of Grindavík and neighbouring communities continue to feel social and economic impacts from [...]
Rio Tinto Chief Executive Jakob Stausholm said: "We have been deeply affected by the loss of four Diavik colleagues and two airline crew members in a plane crash in January. This tragedy has strengthened our resolve to never be complacent about safety. "We delivered stable operating results in the first quarter, including improvements at our bauxite and aluminium businesses, as we navigated seasonal challenges across our [...]
Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company's ongoing commitment to support communities where it operates. This was an increase of 5 per cent on the previous year and was spent with more than 5,800 businesses, including Australian owned and operated businesses and locally owned and managed branches of global companies. The spend [...]
Rio Tinto continues to increase its contribution in Western Australia to support local jobs and economies, with the company boosting spending with local businesses near its operations by almost 40 per cent from a year earlier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240411794818/en/ Wesfarmers Managing Director and Chief Executive Officer Rob Scott , Rio [...]
Rio Tinto is teaming up with a leading global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the mining industry, supporting the company's efforts to find better ways to provide the materials the world needs. Rio Tinto will partner with Founders Factory and invest A$14.4 million in global pre-seed and seed stage start-ups over the next three years. The [...]
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