LONDON: 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 Jackson is currently President of National Grid Ventures, responsible for the development and operation of large-scale infrastructure energy assets. She will join Rio Tinto on 1 September…
Sovereign Metals Limited (ASX: SVM) announced that Rio Tinto Mining and Exploration Limited has exercised all its share options to increase its shareholding in Sovereign Metals to 19.76%.
SYDNEY: Rio Tinto has announced a strategic partnership with Founders Factory, a leading global venture studio. This collaboration is set to fuel the development and commercialization of pioneering technologies, marking a significant commitment by Rio Tinto to enhance the mining industry’s efficiency and sustainability. Over the next three years, Rio Tinto will channel A$14.4 million…
SYDNEY, AUSTRALIA: 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 Baatar 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…
LONDON, UK: Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project. The agreement, which follows the company announcement last month of a PPA for the Upper Calliope solar farm in Queensland,…
MELBOURNE, AUSTRALIA: Rio Tinto will drive development of Australia’s largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW Upper Calliope Solar Farm to provide renewable power to Rio Tinto’s Gladstone operations. The agreement will bring more renewable power into one of Australia’s most important industrial hubs and marks another…
LONDON: Rio Tinto has settled a lawsuit with the SEC over its disclosure of the value of Rio Tinto Coal Mozambique (RTCM) in its 2012 financial statements. The SEC had accused Rio Tinto of violating its accounting and reporting rules related to the impairment of RTCM, which Rio Tinto bought in 2011 and sold in…
LONDON, UK: Rio Tinto, the global mining giant, has announced strong half-year results, with a 5% increase in production volumes and a 2% rise in underlying earnings. The company also declared an interim dividend of 177 US cents per share, in line with its 50% payout policy. The company said it generated net cash from…
LONDON, UK: Rio Tinto (ASX: RIO) has agreed to invest A$40.4 million in Sovereign Metals Limited (ASX: SVM) to acquire an initial 15% stake in the company and support the development of its Kasiya Rutile-Graphite Project in Malawi. The investment will enable Sovereign to advance the Kasiya project, which hosts a large-scale, high-grade, low-cost and…
LONDON, UK: Rio Tinto, a global mining company, has announced that it is investing in its Kennecott copper mine near Salt Lake City, Utah, to increase its production from underground mining and improve its processing facilities. The company said on Tuesday that it has approved $498 million of funding to develop an area known as…
SYDNEY, AUSTRALIA: Rio Tinto has agreed to acquire Rincon Mining Pty Limited, which owns the Salar del Rincón Project in Argentina; and Lithium Extraction Technologies (Australia) Pty which holds certain intellectual property which may be applied in conjunction with lithium projects. Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project…
SYDNEY, AUSTRALIA: Austin Engineering Limited (ASX: ANG) signed a five-year mining products and service supply contract with Rio Tinto Services Ltd (Rio Tinto). Austin Engineering is a global leader in mining equipment, design and manufacture. The contract is for the supply of dump bodies, lightweight trays for ore trucks, heavy machinery buckets, water bodies and…