Rio Tinto has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its climate change ambitions and further encourage renewable development and industry in the region. The approach, which is through a formal market Request for Proposals , is intended to support the development of multiple new wind and solar power projects that can, in [...]
More than 3000 women across Australia and New Zealand have applied for roles with Rio Tinto, following the launch of recruitment campaigns targeting women who had not previously worked in the mining industry. In Western Australia, the Transferable Pathways campaign, which launched last month, attracted about 1,600 responses. This was roughly the same number received for the Women in Leadership program at Rio Tinto's [...]
Rio Tinto and the Salzgitter Group have signed a Memorandum of Understanding to work together towards carbon-free steelmaking by studying optimisation of Rio Tinto's high-quality Canadian and Australian iron ore products for use in Salzgitter's SALCOS green steel project in Germany. Under the MOU, Rio Tinto and Salzgitter will explore optimisation of iron ore pellets, lump and fines for use in hydrogen direct reduction [...]
Rio Tinto and bp have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto's marine fleet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220523005404/en/ The RTM Tasman berthed for loading at Iron Ore Company of Canada's Sept-Îles port in Quebec, as part of its first trial voyage using bp's biofuel. Under the [...]
Rio Tinto has agreed to amend the previously agreed funding plan with Turquoise Hill Resources in order to provide liquidity of up to $400 million in short-term early advances, while the Special Committee of TRQ evaluates Rio Tinto's C$34 per share all-cash proposal to acquire the approximately 49% of the issued and outstanding shares of TRQ that Rio Tinto does not currently own. Subject to the satisfaction of certain [...]
Rio Tinto has started producing tellurium at its Kennecott copper operation in Utah, becoming one of only two U.S. producers of the critical mineral used in advanced thin film photovoltaic solar panels. The tellurium will be refined in North America by 5N Plus, a leading global producer of specialty semiconductors and performance materials, under a commercial agreement between 5N Plus and Rio Tinto. The refined tellurium [...]
Rio Tinto Chief Executive Jakob Stausholm, said: "We made notable progress during the quarter with the commencement of underground mining at Oyu Tolgoi following a comprehensive agreement reached with the Government of Mongolia, completed the acquisition of the Rincon lithium project in Argentina, and signed a framework agreement at the Simandou iron ore project in Guinea. These projects are all aligned with our strategy [...]
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 [...]
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