Rio Tinto has reached an agreement on a new electricity agreement with Meridian Energy that allows New Zealand’s Aluminium Smelter to continue operating the Tiwai Point aluminium smelter until December 31, 2024. The extension provides certainty to employees, the local community and customers while providing more time for all stakeholders to plan [...]
Rio Tinto and the Puutu Kunti Kurrama and Pinikura people confirm they have taken initial steps in rebuilding their relationship following the events at Juukan Gorge in May 2020. PKKP in co-operation with Rio Tinto have been involved in remedial works at Juukan Gorge. These works will continue. A joint session of the PKKP and Rio Tinto boards has [...]
Rio Tinto’s 2020 Argyle Pink Diamonds Tender collection of 62 rare pink, red, blue and violet diamonds from its Argyle mine in Australia has delivered a record result, reflecting their extraordinary rarity and unique provenance. The 2020 collection continued its trajectory of double digit price growth and a record number of participants with [...]
Rio Tinto has appointed Jakob Stausholm as chief executive, effective 1 January 2021. Since joining Rio Tinto as an executive director and chief financial officer in 2018, Mr Stausholm has played a leading role in the Group’s strong performance, maintaining capital allocation discipline and delivering significant shareholder returns, while [...]
Rio Tinto has committed to invest $10 million with the world’s largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research. This investment is the next step in advancing the partnership formed between Rio Tinto, China Baowu and Tsinghua University in 2019 to develop and implement new [...]
Rio Tinto today unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world. The definitive estimate details how Oyu Tolgoi underground will achieve sustainable production for Panel 0 by October 2022 for development capital of $6.75 billion. Rio [...]
Rio Tinto, a leading global mining and metals company, and Nippon Steel Corporation, Japan’s largest steel producer, have signed a Memorandum of Understanding to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. Rio Tinto and Nippon Steel share a long history of working together, with [...]
Rio Tinto’s partnership with South Metropolitan TAFE and the Western Australian State Government has been globally recognised at the World Federation of Colleges and Polytechnics 2020 Awards of Excellence. The partnership won Gold in the ‘Partnership with Industry’ category for its work in developing and deploying the first nationally recognised [...]
Rio Tinto has today disclosed to the Australian Securities Exchange a maiden Ore Reserve and updated Mineral Resource at the 100% owned Jadar lithium-borates project in western Serbia. The Ore Reserve is 16.6 Mt at 1.81% Li2O and 13.4% B2O3 The Mineral Resource underlying the maiden Ore Reserve has been updated to incorporate additional drilling [...]
Rio Tinto acknowledges the release today of the Joint Standing Committee on Northern Australia’s interim report following its inquiry into the destruction of rockshelters at Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people in the Pilbara region of Western Australia. Rio Tinto reiterates its apology to the Traditional Owners [...]
David Constable will step down as a non-executive director of Rio Tinto with effect from 31 December 2020. Mr Constable, who has served on the Rio Tinto Board since 2017, is stepping down in order to concentrate on his new role as chief executive officer of Fluor Corporation. Rio Tinto chairman Simon Thompson said “I would like to thank David for [...]
Rio Tinto Chief Executive J-S Jacques said “We have delivered a good operational performance across most of our assets catching up on planned maintenance activity, particularly in iron ore, and continuing to adapt to new operating conditions as we learn to live with COVID-19. We have maintained our capex guidance and our 2020 production guidance [...]
