Anglo-Australian mining giant Rio Tinto has approved the construction of a new 25-megawatt (MW) solar plant at its Kennecott copper operation in Utah, increasing the mine’s total solar capacity to 30MW. The new solar facility will be located next to Kennecott’s existing 5MW solar plant, completed in 2023. Together, the two solar plants are expected...
READ MOREAustralia’s largest aluminium extruder, Capral, has successfully completed a trial using recycled-content billets supplied by Rio Tinto at Boyne Smelters Limited (BSL), marking a significant stride towards sustainable manufacturing. The trial involved remelting 50 to 100 tonnes of post-production aluminium scrap sourced from Capral’s Bremer Park extrusion plant in Southeast Queensland, resulting in billets containing...
READ MOREAldebaran Resources has announced an agreement with Nuton Holdings Ltd., a Rio Tinto venture, allowing Nuton to acquire a 20% indirect interest in Aldebaran’s Altar copper project in Argentina. The staged option-to-joint-venture agreement could see Nuton invest up to $250 million in exchange for this stake, with payments scheduled over several phases. The financing agreement...
READ MORERio Tinto has urged the incoming U.S. administration, under president-elect Donald Trump, to prioritize speeding up the permitting process for critical mining projects. Speaking at the Financial Times commodity summit in Singapore, Rio Tinto’s Chief Commercial Officer Bold Baatar emphasized the importance of ensuring sufficient copper supply for the energy transition, specifically highlighting the stalled...
READ MORERio Tinto has partnered with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap technology for electric haul trucks at the Oyu Tolgoi copper mine in Mongolia. The project will showcase battery swapping, which allows electric vehicles to quickly replace depleted batteries with fully charged ones, eliminating lengthy charging times. The two-year project involves...
READ MORERio Tinto Group has completed the acquisition of Sumitomo Chemical Company’s (SCC) 20.64% stake in the New Zealand Aluminium Smelters (NZAS) consortium, finalizing the deal on November 1, 2024. With this transaction, NZAS, which operates the Tiwai Point aluminium smelter in New Zealand, is now wholly owned by Rio Tinto. In addition to acquiring SCC’s...
READ MORERwanda has signed a new mineral exploration deal with Rio Tinto Mining and Exploration (RTX) Ltd, following the discovery of significant mineral potential in the country. The partnership aims to continue exploring Rwanda’s lithium reserves, expanding upon previous efforts in collaboration with local and international partners. The new agreement, approved during a recent cabinet meeting,...
READ MORERio Tinto announced its production results for January to September 2024, highlighting a 1% year-on-year increase in aluminum production, totaling 2.46 million tons. Bauxite production, the raw material for aluminum, increased by 9% to 4.32 million tons, with 30.31 million tons sold externally. However, alumina production declined by 5%, reaching 5.31 million tons. Recycled aluminum...
READ MOREFollowing a meeting involving opposition members and representatives of the associations We Won’t Give Jadar Up and the Alliance of Serbia’s Environmental Organizations (SEOS), Ecological Uprising leader Aleksandar Cuta Jovanovic announced on the evening of October 14 his support for a “nationwide people’s uprising against miner Rio Tinto.” Jovanovic called on citizens to organize blockades...
READ MORERio Tinto reported aluminum production of 809,000 tonnes for the third quarter of 2024, marking a two percent decrease from the previous quarter and a two percent decline compared to the same quarter last year. Despite the decrease, the company is maintaining its full-year aluminum production guidance of 3.2 to 3.4 million tonnes. This information...
READ MORERio Tinto and Arcadium Lithium plc have announced a definitive agreement in which Rio Tinto will acquire Arcadium in an all-cash transaction valued at $5.85 per share. The deal values Arcadium’s share capital at approximately $6.7 billion. Arcadium is a vertically integrated producer of lithium chemicals, with an annual production capacity of 75,000 tonnes of...
READ MORERio Tinto has expressed interest in acquiring Arcadium Lithium, positioning itself to become one of the largest lithium producers globally. The announcement comes at a time when global lithium prices have seen a sharp decline, largely due to economic challenges in China and a decrease in demand for electric vehicles (EVs). In a statement issued...
READ MORERio Tinto has finalized the acquisition of Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Limited (BSL), as announced on 30 September 2024. BSL operates the Boyne Island aluminium smelter in Gladstone, Australia. With this transaction, Rio Tinto’s ownership stake in BSL has increased to 71.04%. Rio Tinto expressed its commitment to collaborating with its joint...
READ MOREGreen Lithium Refining Limited, a British low-carbon lithium refinery developer, announced on Tuesday that it has signed a memorandum of understanding (MoU) with mining giant Rio Tinto. The agreement aims to establish a commercial partnership to develop a lithium supply chain that will enhance the security of supply for the UK’s and EU’s automotive and...
READ MORE
