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 [...]
Oyu Tolgoi LLC has completed an updated feasibility study and is in the process of submitting this to the Government of Mongolia. The OTFS20 has been prepared in accordance with Mongolian regulations and standards which require mining companies to submit updated feasibility studies every five years. The updated study incorporates a new mine design [...]
Rio Tinto has added a new role to its executive committee as it considers the next phase of its transformation to reinforce the company’s commitment to strategy, technology and climate change in a new era. Peter Toth will become Group executive, Strategy and Development with a focus on leading Rio Tinto’s transformation efforts around portfolio [...]
Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State Owned Power Plant at Tavan Tolgoi. The agreement, which is a revision of the Power Source Framework Agreement signed in 2018, states that the [...]
Rio Tinto has launched a board-led review of its heritage management processes within Iron Ore following the events at Juukan Gorge, with a focus on recommending improvements to the effectiveness of its internal processes and governance. The review will be conducted by Michael L’Estrange AO, an independent non-executive director of Rio Tinto, and [...]
Rio Tinto’s iron ore business in Western Australia is continuing to recruit for skilled roles, apprentices, graduates and Aboriginal trainees to fill vacancies as the company progresses its development plans in the Pilbara. There are more than 300 jobs currently available including skilled operational and maintenance roles such as frontline [...]
In order to support local community efforts to fight COVID-19 and its social and economic impacts, Rio Tinto is investing $10 million in a variety of grassroots projects across Canada and the United States. From delivering critical equipment for people working in hospitals to providing practical support to communities and families, we are [...]
Rio Tinto has introduced further measures to help combat the spread of COVID-19 in Western Australia following the start of rapid screening trials at Perth Airport. Alongside screening controls at airports including questionnaires and temperature screening, a range of other controls have already been introduced across Rio Tinto operations in the [...]
Rio Tinto Chief Executive J-S Jacques said “In these uncertain and unprecedented times we continue to deliver products to our customers with our first priority to protect the health and safety of all our employees and communities. We are focused on maintaining a business as usual approach and have taken extensive measures to ensure we can do so [...]
Rio Tinto paid $7.6 billion in taxes and royalties globally in 2019, including $4.8 billion of corporate tax, as detailed in its latest Taxes paid report, published today. The majority of its taxes were paid in Australia , home to the largest part of Rio Tinto’s business. The company also made significant payments in Chile , Mongolia , Canada [...]