Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric Renewable Energy, will join Rio Tinto on 23 October 2023. Jérôme is a French citizen with over 30 years of business experience, including senior leadership roles in global companies in [...]
Rio Tinto and First Quantum Minerals have completed a transaction to form a joint venture that will work to unlock the development of the La Granja project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at high altitude in Cajamarca, Northern Peru, that has the potential to be a large [...]
Rio Tinto and the Simfer1 joint venture reached an important milestone today by concluding key agreements with the Republic of Guinea and Winning Consortium Simandou2 on the trans-Guinean infrastructure for the world class Simandou iron ore project. The Co-Development Convention with the Republic of Guinea and associated agreements adjusting Simfer [...]
Rio Tinto's Diavik Diamond Mine will build the largest solar power plant across Canada's territories, featuring over 6,600 solar panels that will generate approximately 4,200 megawatt-hours of carbon-free electricity annually for the mine. The solar power plant will provide up to 25% of Diavik's electricity during closure work that will run until [...]
Rio Tinto has today disclosed detailed information on 14 of its global tailings facilities and their progress towards conformance with the Global Industry Standard on Tailings Management . These tailings facilities are those rated Very High or Extreme under GISTM classifications, based on the highest potential consequences in the extremely unlikely [...]
Rio Tinto has agreed to purchase PanAmerican Silver's stake in Agua de la Falda S.A. , a company with exploration tenements in Chile's prospective Atacama region, and to enter a joint venture with Corporación Nacional del Cobre de Chile to explore and potentially develop Agua de la Falda's assets. Under the agreement, Rio Tinto will acquire [...]
Rio Tinto has committed $150 million to create a Centre for Future Materials led by Imperial College London to find innovative ways to provide the materials the world needs for the energy transition. The 'Rio Tinto Centre for Future Materials' will fund research programmes to transform the way vital materials are produced, used and recycled, and [...]
Rio Tinto : Six months ended 30 June 2023 2022 Change Net cash generated from operating activities 6,975 10,474 % Purchases of property, plant and equipment and intangible assets 3,001 3,146 % Free cash flow1 3,769 7,146 % Consolidated sales revenue 26,667 29,775 % Underlying EBITDA1 11,728 15,597 % Profit after tax attributable to owners of Rio [...]
Rio Tinto and Giampaolo Group, one of North America's largest fully-integrated metal management businesses, have entered into an agreement to form a joint venture to manufacture and market recycled aluminium products. The transaction reflects the joint venture partners' shared commitment to meeting the increasing demand for low-carbon aluminium as [...]
Rio Tinto Chief Executive Jakob Stausholm said: "We built further momentum in our Pilbara iron ore business for the quarter, and now expect to deliver shipments in the upper half of our guidance range for the year. The ramp-up of the Oyu Tolgoi underground mine progressed ahead of plan, and we remain on track to more than triple its copper [...]
Rio Tinto and Sumitomo Corporation will build a first-of-a-kind hydrogen plant in Gladstone as part of a A$111.1 million program aimed at lowering carbon emissions from the alumina refining process. The Yarwun Hydrogen Calcination Pilot Demonstration Program received the green light after a A$32.1 million co-funding boost from the federal [...]
Western Australian businesses have so far been awarded contracts totalling A$1 billion as construction progresses at the Western Range mine in the Pilbara, a joint venture between Rio Tinto and China Baowu Steel Group Co. Ltd . These include: Civmec: awarded a contract valued at more than A$330 million for the construction of a new Run of Mine pad [...]