In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240526465039/en/ Komatsu battery-electric haul truck. Credit: Komatsu The two companies will work with [...]
Rio Tinto's Iron Ore Company of Canada has won the Towards Sustainable Mining Environmental Excellence Award for its contributions to the Abandoned Site Rehabilitation Partnership: Nitassinan Cleanup project. This collaborative initiative, undertaken in partnership with the First Nations of Quebec and Labrador Sustainable Development Institute , focuses on the remediation of legacy dumpsites within Nitassinan, the [...]
Rio Tinto has donated US$1.5 million to the Icelandic Red Cross to support the people and community of Grindavík in Iceland, who have been impacted by months of volcanic eruptions. Since December, a series of volcanic eruptions has left 3,800 people homeless and damaged the community's water and electricity supplies. Residents of Grindavík and neighbouring communities continue to feel social and economic impacts from [...]
Rio Tinto Chief Executive Jakob Stausholm said: "We have been deeply affected by the loss of four Diavik colleagues and two airline crew members in a plane crash in January. This tragedy has strengthened our resolve to never be complacent about safety. "We delivered stable operating results in the first quarter, including improvements at our bauxite and aluminium businesses, as we navigated seasonal challenges across our [...]
Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company's ongoing commitment to support communities where it operates. This was an increase of 5 per cent on the previous year and was spent with more than 5,800 businesses, including Australian owned and operated businesses and locally owned and managed branches of global companies. The spend [...]
Rio Tinto continues to increase its contribution in Western Australia to support local jobs and economies, with the company boosting spending with local businesses near its operations by almost 40 per cent from a year earlier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240411794818/en/ Wesfarmers Managing Director and Chief Executive Officer Rob Scott , Rio [...]
Rio Tinto is teaming up with a leading global venture studio and start-up investor to back the development and commercialisation of breakthrough technologies in the mining industry, supporting the company's efforts to find better ways to provide the materials the world needs. Rio Tinto will partner with Founders Factory and invest A$14.4 million in global pre-seed and seed stage start-ups over the next three years. The [...]
The Yinhawangka Aboriginal Corporation and Rio Tinto have collaborated to design a new program aimed at protecting and preserving Yinhawangka culture and supporting a strong, healthy and connected Yinhawangka People. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240407629590/en/ The 'Living Cultures Program' will deliver projects to record, preserve and [...]
Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group's commercial and business development activities globally. Bold will succeed Alf Barrios as Chief Commercial Officer, following his decision to retire from Rio Tinto. Bold, who is currently Chief Executive Copper, will take on accountability for business development immediately, and will relocate to Singapore to take up the role [...]
Rio Tinto will manage the Ranger Rehabilitation Project in Australia's Northern Territory on behalf of Energy Resources of Australia Ltd. , under a new Management Services Agreement signed today. The MSA will build on ERA's existing rehabilitation work with Rio Tinto's technical expertise in designing, scoping and executing closure projects. Transition to Rio Tinto management of the project will start immediately and is [...]
Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details $8.5 billion of taxes and royalties paid globally during the year. This compares to $10.8 billion in 2022, which included around $1.5 billion of Australian corporate tax payments related to prior years. In Australia, which is home to almost half of the company's global business, taxes and royalties totalling $6.6 billion were paid in 2023 [...]
Rio Tinto Exploration Canada Inc. is pleased to announce that it has acquired 108,204,112 common shares in the capital of Star Diamond Corp. in exchange for all of its interest in the Fort à la Corne joint venture . As a result, RTEC currently owns or controls, in the aggregate, 119,315,222 common shares representing a 19.9% interest in SDC. The acquisition was completed on March 26, 2024 pursuant to an exit agreement [...]