Rio Tinto strengthened its spend with Australian businesses to over A$17.7 billion in 2024, supporting both national and local suppliers. This is an increase of 9.9% from the previous year and was spent with more than 6,000 suppliers across the country. This spend has helped boost local, regional, and national economies, contributing to employment and strengthening Australian owned and managed businesses. As part of this [...]
Rio Tinto's first locally made iron ore rail car has been built in Western Australia, as it steps up its use of domestic manufacturing across its world class iron ore business. The company is investing about A$150 million to purchase 100 locally built rail cars, as well as continued investment in bearing refurbishment for its Pilbara operations. Its partnership with Gemco Rail and CRRC Qiqihar Rolling Stock Co. Ltd is [...]
The Board of Rio Tinto is issuing this statement to all shareholders ahead of the AGMs on 3 April 2025 and 1 May 2025, to address a resolution requisitioned by Palliser Capital and certain other shareholders and related reports issued by Glass Lewis and ISS. As set out in the 2025 AGM Notice of Meeting, Palliser Capital has requisitioned a resolution directing Rio Tinto Plc to form a committee of independent directors to [...]
Rio Tinto is donating A$1 million to the Australian Red Cross, a Queensland Government approved agency, to help communities recover from Tropical Cyclone Alfred. The funds will provide emergency relief, recovery assistance and long-term support services for affected communities in Queensland and Northern New South Wales. Rio Tinto Chief Executive, Australia, Kellie Parker said: "The impact of Tropical Cyclone Alfred hits [...]
Rio Tinto and Edify Energy have signed two new solar and battery hybrid services agreements to increase the supply of reliable, competitively priced electricity to Rio Tinto's Gladstone aluminium operations in Queensland. Under the agreements, Rio Tinto will purchase 90% of the power and battery storage capacity generated by the Smoky Creek & Guthrie's Gap Solar Power Stations for 20 years. Edify Energy will build, own [...]
Rio Tinto has priced US$9.0 billion of fixed and floating 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 bond offer consists of eight tranches and the principal amount, tenor and coupon for each tranche are as follows: US$500 million two-year notes priced at a fixed coupon of 4.375% maturing in [...]
Rio Tinto will invest $1.8 billion1 to develop the Brockman Syncline 1 mine project , extending the life of the Brockman region in the West Pilbara of Western Australia and sustaining production from the company's world class iron ore operations. The project has now received all necessary State and Federal Government approvals and has been developed in consultation with the Puutu Kunti Kurrama and Pinikura Traditional [...]
Rio Tinto's East Intercourse Island facility at Dampier Port in Western Australia's Pilbara region has resumed operations after being impacted by Tropical Cyclone Sean. A railcar dumper at the EII port facility was flooded when Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline, including 274mm to Karratha, on 20 January 2025. Dumper operation at EII resumed last week and the first ship was [...]
Rio Tinto today announces a number of Board changes. Rio Tinto Chair Dominic Barton said: "As we reported last year, the size of the Board peaked at 14 Directors as we retained the expertise and experience of our longer-serving Directors during a transitional period as newer Directors familiarise themselves with the Group. That transitional phase is now largely concluded so we will make the following changes to the Board [...]
Rio Tinto : Resilient financials with underlying EBITDA of $23.3 billion, despite 11% lower iron ore price*. Higher net cash generated from operating activities of $15.6 billion, driven by portfolio mix and effective working capital management. Profit after tax attributable to owners of Rio Tinto of $11.6 billion. Full year ordinary dividend of $6.5 billion, a 60% payout: nine-year track record at top end of payout range [...]
Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture from Rio Tinto's partners. Mitsui & Co. has agreed to acquire all of VOC Group Limited's 25% interest1 in the joint venture. Separately, Mitsui & Co. has entered into a heads of agreement to acquire a further 15% interest in the RRJV from AMB Holdings Pty Ltd1. Both transactions are subject to regulatory [...]
Rio Tinto's port, rail and mine operations have resumed after Tropical Cyclone Zelia passed over Western Australia's Pilbara region. All our people remained safe and unharmed during the weather event, which crossed the Pilbara coast north of Port Hedland on 14 February 2025. Ship loading resumed at Cape Lambert and Dampier Ports on 15 February and all mines are operating. Year to date, Dampier Port has been closed for 10 [...]
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