Australia's two largest iron ore miners and its biggest steelmaker have selected the Kwinana Industrial Area, south of Perth, as the location to develop Australia's largest ironmaking electric smelting furnace1 pilot plant. The groundbreaking project combines the expertise of BlueScope, BHP and Rio Tinto to test technology to enable the use of Pilbara iron ore to produce iron without the need for traditional blast [...]
As part of a research and development program, Rio Tinto is assessing the potential for extracting and valorising gallium, a critical and strategic mineral already present in the bauxite processed in its alumina refinery in Saguenay-Lac-Saint-Jean, the only one in Canada. When the preliminary phase of technology development is conclusive, Rio Tinto plans to build a demonstration plant in Saguenay for extraction technology [...]
Rio Tinto has approved $2.5 billion1 to expand the Rincon project in Argentina, the company's first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio. Rincon's capacity of 60,000 tonnes of battery grade lithium carbonate per year is comprised of the 3,000-tonne starter plant and 57,000-tonne expansion plant. Rincon's mine life is expected to be 40 [...]
On National Day of Remembrance and Action on Violence Against Women and as part of the 16 Days of Activism against Gender-Based Violence, Rio Tinto is reinforcing its commitment to addressing domestic and family violence by extending support to local organisations across Canada. For the fifth consecutive year, Rio Tinto is partnering with organisations that provide shelters, counselling, education, training, and [...]
As a member of the Panguna Mine Legacy Impact Assessment Oversight Committee, Rio Tinto today welcomed the release of the PMLIA report as a critical step forward in building understanding of the long-term legacy impacts of the former mine in Bougainville. The independent report assesses the environmental impacts and directly connected social and human rights impacts caused by the Panguna mine since [...]
Rio Tinto has entered into a partnership agreement with the Swedish investment company Vargas, Mitsubishi Corporation and other international and local industry partners to study a low carbon aluminium greenfield opportunity in Finland. As the strategic industrial partner, Rio Tinto will provide the Arctial partnership with access to its proven industry-leading AP60 technology and assist in what would be the first AP60 [...]
Rio Tinto and Sumitomo Metal Mining have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia. Under the Term Sheet, which includes exclusivity obligations to work towards a binding Definitive Agreement, Rio Tinto will continue to develop and operate Winu as managing partner and SMM will pay Rio Tinto $399 million for a 30% equity [...]
Rio Tinto today published the findings of an independent, external Progress Review on its work to deliver sustained workplace cultural change across its global operations. Two years into a long-term cultural change program, the review found that progress is being made with promising signs of improved culture, innovation, and performance. However, it revealed mixed results, with concerning behaviours persisting in some [...]
Rio Tinto notes the announcement today by Energy Resources of Australia Ltd. in relation to the conclusion of its entitlement offer and shortfall bookbuild, which raised A$766.5 million to fund planned rehabilitation activities of the Ranger Project Area. As a result of Rio Tinto taking up its pro rata entitlements in the entitlement offer and the level of participation by other ERA shareholders, Rio Tinto will hold over [...]
Rio Tinto, Bougainville Copper Ltd. and the Autonomous Bougainville Government have signed a Memorandum of Understanding to form a Roundtable to address the findings of the Panguna Mine Legacy Impact Assessment . The independent PMLIA is based on two years of data collection overseen by an Oversight Committee that includes representatives from local communities and both Government of Papua New Guinea and ABG officials [...]
Rio Tinto has committed $16 million to the Makira Natural Park REDD+1 Project in northern Madagascar, through a new partnership with the Wildlife Conservation Society and Everland. This commitment complements Rio Tinto's investment in nature-based solutions in the south-east of the country. The Makira Natural Park REDD+ Project encompasses 372,000 hectares of dense primary forest. One of the largest remaining rainforests [...]
Rio Tinto has entered into definitive agreements with GravitHy, an early-stage industrial company, to help accelerate GravitHy's steel decarbonisation project in France. As part of this collaboration, Rio Tinto will supply high-grade direct reduction iron ore pellets from its Iron Ore Company of Canada operations to GravitHy's planned operation, as well as manage the sales and marketing of ultra-low carbon Hot Briquetted [...]
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