Rio Tinto and Aluminum Corporation of China Limited have entered into a definitive agreement with Votorantim to acquire, through a joint venture to be owned 33% by Rio Tinto and 67% by Chalco , Votorantim's 68.596% controlling shareholding in Companhia Brasileira de Alumínio . The Transaction, at an all cash consideration of R$10.50 per share in CBA, represents a premium of approximately 21.2% over the R$8.67 per share [...]
Rio Tinto Chief Executive Simon Trott said: "Our operations delivered exceptional production performance, both on a quarter-on-quarter and full year basis, as we leverage our strong foundation of operating excellence and project delivery across our portfolio. "We achieved record quarterly iron ore production in the Pilbara, with a strong recovery from the extreme weather interruptions earlier in the year. At Simandou, we [...]
Rio Tinto has energized a new 25-megawatt solar plant at its Kennecott copper operations in Utah, showcasing a circular critical-minerals supply chain in which tellurium produced at the site is used to manufacture the panels now powering it. Together with the 5MW solar plant completed in 2023, Kennecott now has 30MW of solar capacity-enough to power approximately 1,026 average American homes annually and reduce [...]
Rio Tinto today announces a strategic collaboration with Amazon Web Services that will see AWS become Nuton® Technology's first customer following the breakthrough industrial-scale deployment of the innovative bioleaching technology at the Johnson Camp copper mine in the U.S. last month. Under the two-year agreement, AWS will use the first Nuton copper ever produced in components of its U.S. data centres, while also [...]
Rio Tinto and BHP have agreed to work together to extract up to 200 million tonnes of iron ore at their neighbouring Yandicoogina and Yandi iron ore operations in the Pilbara. Under two non-binding Memoranda of Understanding , the companies will explore the potential for: Collaboration on the development of Rio Tinto's Wunbye deposit; and BHP to supply its Yandi Lower Channel Deposit ore to Rio Tinto for processing at its [...]
Rio Tinto Plc and Rio Tinto Ltd. note the announcement by Glencore and confirm that Rio Tinto and Glencore have been engaging in preliminary discussions about a possible combination of some or all of their businesses, which could include an all-share merger between Rio Tinto and Glencore. The parties' current expectation is that any merger transaction would be effected through the acquisition of Glencore by Rio Tinto by [...]
The Rhodes Ridge Joint Venture has approved a $191 million feasibility study to progress development of the first phase of the Rhodes Ridge project, one of the world's best undeveloped iron ore deposits, in Western Australia's Pilbara. The feasibility study will assess development of an operation with initial annual production capacity of 40 to 50 million tonnes of iron ore. The joint venture partners intend to invest a [...]
Yinhawangka Aboriginal Corporation and Rio Tinto have signed an Interim Modernised Agreement, marking an important step in their long-standing relationship. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251211420422/en/ Yinhawangka Aboriginal Corporation and Rio Tinto representatives sign Interim Modernised Agreement This interim agreement builds on the 2013 [...]
Rio Tinto's first Pilbara-made iron ore rail car has rolled off the production line in Karratha, as part of a A$150 million partnership with Australian rail industry supplier Gemco Rail to build 100 rail cars in Western Australia and to support local manufacturing. The first Karratha-made rail car follows the completion of 40 Western Australian-made iron ore rail cars under the partnership at Gemco Rail's Perth facility [...]
Australia's first Cat® 793 XE Early Learner battery-electric haul trucks have arrived at BHP's Jimblebar iron ore mine in the Pilbara, marking the start of on-site testing, in collaboration with Rio Tinto, of Caterpillar's battery-electric heavy haulage technology in the region that powers the nation's economy. This press release features multimedia. View the full release here [...]
Rio Tinto has successfully produced the first copper from the Johnson Camp mine in Arizona using its Nuton® Technology, marking a pivotal step forward in the development of this innovative copper processing technology. After more than 30 years of research and development, the first copper cathode using Rio Tinto's proprietary bioleaching technology, which relies on microorganisms grown on site, was produced at Gunnison [...]
Rio Tinto will today outline its strategy to deliver industry leading returns by becoming stronger, sharper and simpler, at its 2025 Capital Markets Day. Chief Executive Simon Trott and members of the executive team will detail how Rio Tinto will unlock its full potential to become the most valued metals and mining business through a strategy that starts with having the right assets in the right markets, supported by a [...]