Rio Tinto and Turquoise Hill Resources have entered into a memorandum of understanding , which provides a clear pathway to progress the financing for completion of the Oyu Tolgoi Underground Project in Mongolia and address TRQ's funding position. The MOU reflects the parties' agreement that, subject to timing, availability and terms and conditions [...]
Rio Tinto has provided additional information to the Australian Parliamentary Inquiry into the destruction of the rockshelters at the Juukan Gorge in the Pilbara region of Western Australia. The additional information relates to questions taken on notice when Rio Tinto provided evidence to the Inquiry Committee and additional questions received [...]
Rio Tinto notes Turquoise Hill Resources’ publication of its ‘2020 Oyu Tolgoi Technical Report’ in relation to the Oyu Tolgoi project in Mongolia. The 2020 OTTR has been prepared and published by TRQ in compliance with their Canadian listing obligations and provides an update on scientific and technical information related to OT. The obligation to [...]
Rio Tinto’s Kennecott site in the US is the first producer to be awarded the Copper Mark, the copper industry’s new independently assessed responsible production programme. The Kennecott operation in Utah has demonstrated it meets over 30 criteria for responsible environmental, social and governance practices. The Copper Mark is the first and only [...]
Rio Tinto today published the board review of cultural heritage management, following the destruction of the Juukan rockshelters in May 2020 . The review details what elements of Rio Tinto’s systems, decision-making processes and governance failed to work as they should have and sets out recommendations to prevent a similar incident occurring in [...]
Rio Tinto’s Kennecott mine in Utah has experienced delays to the restart of the smelter due to unexpected issues that appeared following planned maintenance. We are working closely with our customers to limit any disruptions and expect to have the smelter fully operational in two months. As a result, Rio Tinto group production guidance for refined [...]
Rio Tinto has approved an additional investment of almost $200 million to progress the next stage of the development of the lithium-borate Jadar project in Serbia. This will primarily fund the feasibility study, including the completion of detailed engineering designs, as well as permitting and land acquisition by the end of 2021, in line with the [...]
Rio Tinto Chief Executive J-S Jacques said “We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with COVID-19. Despite the challenging backdrop, we generated underlying EBITDA of $9.6 billion, with a margin of 47%, driven by our strong and stable [...]
Rio Tinto has disclosed the maiden Inferred Mineral Resource at the 100% owned Winu copper-gold project and revealed the discovery of a new zone of gold dominant mineralisation approximately 2 km east of the Winu deposit in the Paterson Province of Western Australia. The Inferred Mineral Resource, reported at a 0.2% copper equivalent cutoff, is [...]
Rio Tinto has today submitted a formal complaint to the Icelandic Competition Authority alleging abuse of market dominance by Landsvirkjun, the energy supplier to Rio Tinto’s ISAL aluminium smelter in Iceland. Rio Tinto is asking the ICA to address anti-competitive conduct by Landsvirkjun through discriminatory pricing and long-duration power [...]
Rio Tinto Chief Executive J-S Jacques said “We delivered a strong performance, particularly in iron ore and bauxite, demonstrating the underlying resilience of our business and ability to adapt in difficult conditions. Our iron ore assets are performing well in a strong pricing environment and we are on track to meet our 2020 iron ore guidance [...]
Rio Tinto will start planning for the wind-down of operations and the eventual closure of New Zealand Aluminium Smelters following the conclusion of its strategic review which has shown the business is no longer viable given high energy costs and a challenging outlook for the Aluminum industry. As a result, NZAS has given Meridian Energy notice to [...]