Rio Tinto Chief Executive Jakob Stausholm said "Government stimulus in response to ongoing COVID-19 pressures has driven strong demand for our products at a time of constrained supply resulting in a significant spike in most prices. We focused on safely running our world-class assets and supplying products to our customers. This enabled us, despite operational challenges, to deliver record financial results with free cash [...]
Rio Tinto has begun reducing production at its BC Works aluminium smelter in Kitimat, Canada due to a strike initiated by the Unifor Local 2301 union after negotiations failed to reach a new collective labour agreement. Production will be reduced to around 35 per cent of the smelter's 432,000 tonne annual capacity, so that it can safely be operated by staff and employees required under an essential services order granted [...]
Rio Tinto has signed a power purchasing agreement for a new renewable energy plant to power the operations of its QMM ilmenite mine in Fort Dauphin, Southern Madagascar. This project, which uses solar and wind energy, will significantly contribute towards Rio Tinto's operations in Madagascar achieving its carbon neutral objective by 2023. The project is part of a broader initiative to reduce the ilmenite mine's [...]
Rio Tinto has approved a $108 million investment in underground development to enable early orebody access and undertake orebody characterisation studies for underground mining at the Kennecott copper operations in the United States. The investment builds on $25 million approved in early-2020 to complete a pre-feasibility study to determine the viability of underground mining operations at Kennecott. Potential underground [...]
Rio Tinto's Richards Bay Minerals operation in South Africa will shut one of its four furnaces due to the depletion of available feedstock at the plant. This is the result of mining operations being halted following an escalation in the security situation at the operations which significantly hampered the mine's ability to operate safely. Rio Tinto declared Force Majeure on our customer contracts at RBM on 30 June 2021 [...]
Rio Tinto and Bougainville community members, represented by the Human Rights Law Centre, have reached an agreement to identify and assess legacy impacts of the former Panguna copper mine in Bougainville. This follows several months of constructive discussions facilitated by the Australian OECD National Contact Point . A joint committee of stakeholders will be formed to oversee a detailed independent assessment of the [...]
Rio Tinto Chief Executive Jakob Stausholm, said: "The global economy, in particular China, recovered strongly and we are intensely focused on servicing our customers with as much product as we can. However, we faced some challenges in the first half notably at our Pilbara operations, which were impacted by replacement mine tie-ins and materially higher rainfall. Heightened COVID-19 constraints, which resulted in numerous [...]
Rio Tinto and POSCO, the largest steel producer in South Korea and one of the world's leading steel producers, have signed a Memorandum of Understanding to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. The partnership will explore a range of technologies for decarbonisation across the entire steel value chain from iron ore mining to steelmaking, including [...]
Rio Tinto has appointed Isabelle Deschamps to succeed Barbara Levi as Chief Legal Officer & External Affairs. Isabelle, who is currently General Counsel of AkzoNobel and a member of the Executive Committee, will join Rio Tinto on 25 October 2021. Isabelle, a dual Canadian and UK citizen, has over 20 years' experience in various senior legal roles across Europe and Canada. She joined AkzoNobel in 2018 as Group General [...]
Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals in South Africa due to an escalation in the security situation at the operations. This has led to the decision to cease operations until the safety and security position improves. Rio Tinto chief executive Minerals, Sinead Kaufman, said: "The safety of our people is our top priority. We continue to offer our full support to the [...]
Rio Tinto, a leading global mining and metals company, and Schneider Electric, the leader in digital transformation of energy management and automation, have signed a memorandum of understanding for a first of its kind collaboration to develop a circular and sustainable market ecosystem for both companies and their customers. This multi-product partnership will see Schneider Electric use responsibly sourced materials [...]
Rio Tinto will deploy the world's first fully autonomous water trucks at its $2.6 billion Gudai-Darri iron ore mine in Western Australia's Pilbara region. The new vehicles, primarily used for dust suppression on site, will enhance productivity by enabling mine operations to digitally track water consumption and reduce waste. Developed through a successful collaboration with leading equipment manufacturer, Caterpillar [...]
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