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 [...]
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 [...]
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 [...]
Rio Tinto and peak mining unions spanning its global operations have held their biannual Steering Committee in Pittsburgh. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220309005180/en/ The Steering Committee represents a partnership between the mining and metals company and the largest [...]
Rio Tinto has reached a settlement with the Australian Securities and Investment Commission regarding the disclosure of the impairment of Rio Tinto Coal Mozambique , which was reflected in Rio Tinto's 2012 year-end accounts. As part of this court approved settlement, Rio Tinto will pay a A$750,000 penalty for a single contravention of its [...]
Rio Tinto has donated A$1.5 million to disaster relief and recovery efforts supporting people affected by widespread floods in Queensland and New South Wales. The funds will help provide vital support to impacted communities and comprise of: A$750,000 to the Australian Red Cross' Floods Appeal which enables volunteers and staff to help with [...]
Hinda Gharbi has notified the Board of her intention to step down as a non-executive director of Rio Tinto at the conclusion of the Rio Tinto Plc AGM on 8 April 2022. Ms Gharbi, who has served on the Rio Tinto Board since 2020, is stepping down in order to concentrate on joining Bureau Veritas, initially as Chief Operating Officer and transitioning [...]
Rio Tinto Chief Executive Jakob Stausholm said: "Our people have continued to safely run our world-class assets and are working hard to improve our operational performance, despite challenging operating conditions from prolonged COVID-19 disruptions. The recovery of the global economy, driven by industrial production, resulted in significant price [...]
The Tasmanian Government and Rio Tinto will work together to ensure a strong and sustainable future economy for George Town, the Tamar Valley region and Tasmania, in a new partnership signed today at the Bell Bay Aluminium smelter. The partnership will seek to drive economic growth and employment outcomes in the State and support the Tasmanian [...]
The US Department of Energy has awarded $2.2 million of funding to a Rio Tinto-led team to explore carbon storage potential at the Tamarack nickel joint venture in central Minnesota. Rio Tinto has assembled a team of climate innovation and research leaders to explore new approaches in carbon mineralisation technology as a way to safely and [...]
Yinhawangka Aboriginal Corporation and Rio Tinto have agreed on a new co-designed management plan to ensure the protection of significant social and cultural heritage values as part of Rio Tinto's proposed development of the Western Range iron ore project in the Pilbara region of Western Australia. The Social, Cultural Heritage Management Plan is [...]
Rio Tinto notes Energy Resources of Australia Ltd. today released the preliminary findings from its reforecast of the cost and schedule for the Ranger rehabilitation project in Australia's Northern Territory, which have been subject to independent review . This release follows ERA's announcements on 27 September 2021, 8 October 2021 and 19 November [...]
