On 2 March 2021 the Australian Taxation Office issued Rio Tinto Ltd. with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018. The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m [...]
Rio Tinto has today commenced the process of restarting operations at Richards Bay Minerals in South Africa. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as substantive engagement with host communities and their traditional authorities. Rio Tinto chief executive [...]
Rio Tinto and Sumitomo Corporation today announced a partnership to study the construction of a hydrogen pilot plant at Rio Tinto's Yarwun alumina refinery in Gladstone and explore the potential use of hydrogen at the refinery. The two global companies have signed a letter of intent that focuses on Yarwun as the location for a Gladstone hydrogen [...]
Rio Tinto is partnering with the Western Australian Government to launch a COVID-19 vaccination blitz targeting communities in the Pilbara and the fly-in fly-out workforce. Following positive discussions between Rio Tinto and the WA Department of Health, vaccination hubs will be established in the Pilbara and at a trial clinic at Perth Airport to [...]
Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks. Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable. Alf [...]
Rio Tinto has committed $2.4 billion to the Jadar lithium-borates project in Serbia, one of the world's largest greenfield lithium projects. The project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. The Jadar project would scale up [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]