SAGUENAY, Canada--(BUSINESS WIRE)--Rio Tinto will invest $1.1 billion (CAN$1.4 billion) to expand its state-of-the-art AP60 aluminium smelter equipped with low-carbon technology at Complexe Jonquière in Canada. The total investment includes up to $113 million (CAN$150 million) of financial support from the Quebec government.
In the Pilbara, we produced 77.9 million tonnes (Rio Tinto share 66.1 million tonnes) in the first quarter, 2% lower than the corresponding period of 2023. Compared to the first quarter in 2023, planned ore depletion, predominantly at Yandicoogina, was partially offset by productivity gains across other operations.
ULAANBAATAR, Mongolia-- (BUSINESS WIRE)-- The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, today joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometres underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert. This was followed by a …
PERTH, Australia--(BUSINESS WIRE)--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 invests to maintain anode production at Grande-Baie smelter 18 June 2024 SAGUENAY – Rio Tinto will invest US$165 million (CA$226 million) in its Grande-Baie smelter to refurbish two anode baking furnaces that have reached the end of their useful life. The company will also carry out feasibility studies for the eventual replacement ...
Total copper equivalent commodity demand growth of ~4% CAGR is expected between 2022 and 2035 under a <2°C scenario4, with attractive long-term fundamentals across Rio Tinto's product mix. Rio Tinto's share of capital investment is expected to be around $10 billion per year from 2024 to 2026, including up to $3 billion per year of growth ...
Rio Tinto has agreed to cancel US$77 million in advances made to the Government of Madagascar to finance their funding of QMM. The State will now hold a 15% free carry ownership of QMM and maintain its 20% voting right, with no obligation to contribute to capital funding or exposure to dilution. QMM will also increase support for …
At Rio Tinto, we know our future is even brighter than our past. Our values. Care. For people, communities, environment. Courage. To try new things, speak up, do what is right. Curiosity. To collaborate, learn, innovate. Our values – care, courage and curiosity – guide how we work and how we treat each other.
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions. Over the past decade, Rio Tinto has developed a laboratory-proven process ...
Key points from the presentation include: Rio Tinto is targeting a 50% reduction in scope 1&2 emissions by 2030 and a 15% reduction by 2025 from a 2018 baseline of 32.6Mt (CO2equivalent – equity basis). ~$7.5 billion in direct capital expenditure decarbonising Rio Tinto's assets from 2022 to 2030, with a focus on renewable power for iron ...