Rio Tinto has successfully completed the full transition of its heavy machinery from fossil diesel to renewable diesel at its Boron, California operation, making it the first open pit mine in the world to achieve this milestone. The change to renewable diesel brings an anticipated CO2 equivalent reduction of up to 45,000 tonnes per year, comparable [...]
Rio Tinto plans to invest $395 million1 in a seawater desalination plant in the Pilbara, Western Australia, to support future water supply for the company's coastal operations and communities in the region. The proposed Dampier Seawater Desalination Plant, which remains subject to Commonwealth and State Government approvals, will be located within [...]
Rio Tinto has unveiled the latest heirloom piece of Argyle Pink DiamondsTM jewellery, featuring one of the last diamonds to be mined from the Argyle mine in the East Kimberley, Western Australia. Exclusively designed by Western Australian jeweller Solid Gold Diamonds, the Argyle RoseTM is notable for featuring a total of 3.25 carats of rare Argyle [...]
Rio Tinto has entered into a binding agreement to acquire the Platina Scandium Project, a high-grade scandium resource in New South Wales, from Platina Resources Ltd. for $14 million. The project, near Condobolin in central New South Wales, comprises a long life, high-grade scalable resource that could produce up to 40 tonnes per annum of scandium [...]
Rio Tinto Chief Executive Jakob Stausholm said: "We continue to make steady progress with our highest ever first quarter shipments achieved in the Pilbara iron ore business. Through the ongoing deployment of our Safe Production System we expect to see a sustainable lift in operating performance across our global portfolio over time, in line with [...]
Rio Tinto will support Energy Resources of Australia Ltd.'s recently disclosed plans for an Interim Entitlement Offer , which seeks to raise up to A$369 million to address funding requirements for the Ranger Rehabilitation Project in Australia's Northern Territory to the end of Q2 2024. Rio Tinto, which owns 86.3% of ERA's shares, has pre-committed [...]
Rio Tinto has published its 2022 Taxes and Royalties Paid Report, detailing $10.8 billion of global taxes and royalties paid during the year. This compares to $13.3 billion in 2021, during very strong commodity prices, and is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first annual Taxes Paid report [...]
Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at high altitude in Cajamara, Northern Peru, that has the potential to be a [...]
Rio Tinto has appointed Dean Dalla Valle and Susan Lloyd-Hurwitz as non-executive directors. Mr Dalla Valle and Ms Lloyd-Hurwitz, both Australian citizens, will join the Board on 1 June 2023 and will therefore stand for election at the annual general meetings of the company in 2024. Mr Dalla Valle brings four decades of operational and project [...]
The Prime Minister of Mongolia, Luvsannamsrain Oyun-Erdene, today joined Rio Tinto Chief Executive Jakob Stausholm 1.3 kilometres underground to celebrate the commencement of underground production from the Oyu Tolgoi copper mine in the Gobi Desert. This was followed by a ceremony with Oyu Tolgoi employees and leaders, Government of Mongolia [...]
Rio Tinto has priced US$650 million of 10-year fixed rate SEC-registered debt securities and US$1.1 billion of 30-year fixed rate SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance plc and will be fully and unconditionally guaranteed by Rio Tinto Plc and Rio Tinto Ltd.. The 10-year notes will pay a coupon of 5.000 per [...]
Rio Tinto has today resolved a previously self-disclosed investigation by the U.S. Securities and Exchange Commission into certain contractual payments made to a former consultant over a decade ago in 2011, relating to the Simandou project in the Republic of Guinea. Without admitting to or denying the SEC's findings, Rio Tinto has agreed to pay a [...]
