Rio Tinto is hosting a site visit for the financial community this week to its Aluminium and Iron & Titanium operations in Quebec, Canada. The visit will showcase the world-class, hydro-powered aluminium smelters in the Saguenay, including the Shipshaw Power Station and construction progress at the low-carbon AP60 smelter, and the Iron & Titanium facility at Sorel-Tracy, the world's largest critical minerals and [...]
Rio Tinto will develop Pongamia seed farms in Australia as part of a new biofuels pilot. The project will explore the potential of Pongamia seed oil as a feedstock for renewable diesel, a cleaner alternative to traditional fossil fuels. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917551538/en/ Rio Tinto Chief Decarbonisation Officer Jonathon McCarthy [...]
Art enthusiasts from Western Australia and beyond are invited to experience the stories and culture of Pilbara Aboriginal artists at the annual Colours of our Country exhibition. Now in its 19th year, the exhibition will be held at the Central Park building in Perth, from Monday, 16 September, to Friday, 27 September. It will showcase a vibrant collection of 160 unique Aboriginal artworks from 43 artists. This year's [...]
Rio Tinto's Iron Ore Company of Canada is celebrating its 70th anniversary, marking seven decades as a leading North American producer and exporter of premium iron ore pellets and high-grade concentrate. Over its history, IOC has been a pioneer in responsible iron ore production, making substantial contributions to the economy and local communities. This milestone reflects a legacy of innovation, excellence, and enduring [...]
The Queensland Government and Rio Tinto will work together to safeguard a pillar of the State's heavy industrial manufacturing base around Gladstone under a partnership to support investment in renewable energy projects. The agreement announced today represents an important step towards securing a long-term future for Australia's second-largest aluminium smelter, Boyne Smelters Limited and thousands of jobs in central [...]
Rio Tinto : Underlying EBITDA of $12.1 billion. Net cash generated from operating activities of $7.1 billion. Profit after tax attributable to owners of Rio Tinto of $5.8 billion. Underlying earnings of $5.8 billion, leading to an interim ordinary dividend of $2.9 billion, a 50% payout. Six months ended 30 June 2024 2023 Change Net cash generated from operating activities 7,056 6,975 1% Purchases of property, plant and [...]
Rio Tinto and Aymium have formed a new joint venture named Évolys Québec Inc. to manufacture a renewable metallurgical biocarbon product to reduce carbon emissions in large scale industrial processes. This biocarbon, sourced from biomass residues, offers an alternative for anthracite currently used in ilmenite smelting processes at Rio Tinto's metallurgical complex in Sorel-Tracy. The joint venture will be established on [...]
Rio Tinto's Iron Ore Company of Canada has donated CAN$125,000 to the Canadian Red Cross to support relief efforts following the recent wildfires in the Labrador West region and has committed an additional CAN$75,000 to support community organizations assisting with the recovery phase. As wildfires forced residents of Labrador City to evacuate, including more than 2,000 IOC employees, this marks the second such evacuation [...]
Rio Tinto today celebrates the shipment of 4 billion tonnes of iron ore from the Pilbara in Western Australia to China. The shipment was loaded at Dampier Port on 19th July, bound for China Baowu Steel Group, the world's top steel producer. This milestone comes 51 years after the first shipment of almost 22,000 tonnes of Pilbara iron ore was sent from Dampier Port to China's Shanghai No.1 Steel Mill, which has since [...]
Rio Tinto has appointed Katie Jackson to lead its Copper business, succeeding Bold Baatar, who as previously announced, will become Chief Commercial Officer later this year. Katie is currently President of National Grid Ventures, responsible for the development and operation of large-scale energy infrastructure assets. She will join Rio Tinto on 1 September 2024 and be based in London. Katie has strong international [...]
Rio Tinto Chief Executive Jakob Stausholm said: "Our operational performance continues to progress. While there are still significant improvements ahead, we are beginning to see a step-change in production, including from our Queensland bauxite business following the roll-out of the Safe Production System. "We are growing with discipline in the materials the world needs for the energy transition. Construction of the [...]
All conditions have now been satisfied for Rio Tinto's investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction is expected to complete during the week of 15 July 2024. Along with the recent approval by the Board of Simfer1, this allows Simfer to invest in and fund its share of co-developed rail and port [...]