Tinto

Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland

Retrieved on: 
Giovedì, Aprile 18, 2024
Other Philanthropy, Natural Resources, Philanthropy, Mining, Minerals, Tinto, Solidarity, Rio Tinto, Volcanic explosivity index, Red, Icelandic Red Cross, Municipality, Aluminium

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.

Key Points: 
  • 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.
  • Residents of Grindavík and neighbouring communities continue to feel social and economic impacts from these unprecedented events.
  • In the coming weeks, the Icelandic Red Cross will announce details of a project built around Rio Tinto’s contribution to provide support for impacted people and enhance the resilience of the community.
  • Rio Tinto Iceland General Manager Rannveig Rist said: “For 55 years, Rio Tinto has been an important member of Iceland’s closely knit community.

Rio Tinto celebrates WA businesses as regional and indigenous supplier spend grows

Retrieved on: 
Venerdì, Aprile 12, 2024
Environmental, Social and Governance (ESG), Natural Resources, Professional Services, Other Natural Resources, Mining, Minerals, State, Supplier, Tinto, Native title in Australia, Rio Tinto, Multimedia, Government, Iron ore

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    In 2023, Rio Tinto worked with more than 2,400 suppliers in Western Australia and spent A$8.8 billion across the State.
  • The company also increased its spend with WA Indigenous businesses by 35 per cent in 2023, compared to the year prior, with a record A$593 million spent.
  • In the Pilbara, Rio Tinto spent A$835 million with local businesses, of this A$499 million was spent with Pilbara-based Indigenous businesses.
  • Any supplier or business that has worked for Rio Tinto across its WA operations could be nominated for outstanding performance and leadership across six categories.

Rio Tinto to invest in the world’s best technology startups

Retrieved on: 
Mercoledì, Aprile 10, 2024
Technology, Natural Resources, Other Technology, Mining, Minerals, Nature, Safety, Biodiversity, State, Tinto, Partnership, Research, Carbon, Automation, Rio Tinto, Silicon, State government, Government

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.

Key Points: 
  • 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 Western Australian Government has also partnered with Founders Factory to invest in nature-tech start-ups that preserve and restore nature and biodiversity.
  • The partnerships with Rio Tinto and the Western Australian Government will support the first Australian hub of Founders Factory in Perth, Western Australia, boosting the state’s innovation credentials.
  • Rio Tinto Iron Ore Chief Executive Simon Trott said, “Technology has always been at the forefront of our industry and Western Australia can be the Silicon Valley of the global mining industry.

Rio Tinto appoints Bold Baatar as Chief Commercial Officer

Retrieved on: 
Domenica, Aprile 7, 2024
Mining, Minerals, Natural Resources, Copper, Growth, Simandou, Partnership, Tinto, Executive Committee, Commercial, Mineral, Energy, Safety, Retirement, Emphasis (typography), Marketing, Iron ore

Rio Tinto has appointed Bold Baatar to the role of Chief Commercial Officer, to lead the Group’s commercial and business development activities globally.

Key Points: 
  • 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 of Chief Commercial Officer on 1 September 2024.
  • Rio Tinto Chief Executive Jakob Stausholm said: "Bold is ideally suited to help deliver our strategy of building a stronger Rio Tinto for the future and growing with discipline, as he leads our commercial and business development activities.

Rio Tinto to manage the Ranger Rehabilitation Project for ERA

Retrieved on: 
Mercoledì, Aprile 3, 2024
Natural Resources, Energy, Other Natural Resources, Mining, Minerals, Other Energy, ERA, Native title in Australia, Environment, MSA, Partnership, Tinto, Bininj, Market access, Kakadu National Park, Ranger, Rio Tinto, Water, IBC, Rehabilitation

Rio Tinto will manage the Ranger Rehabilitation Project in Australia’s Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Management Services Agreement (MSA) signed today.

Key Points: 
  • Rio Tinto will manage the Ranger Rehabilitation Project in Australia’s Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Management Services Agreement (MSA) signed today.
  • Transition to Rio Tinto management of the project will start immediately and is expected to take about three months.
  • The agreement follows an approach to Rio Tinto from ERA’s Independent Board Committee (IBC) to submit a proposal to provide services and advice to progress the project.
  • Management of ERA matters outside the Ranger Rehabilitation Project, including corporate matters, financial affairs, assets and governance will remain the responsibility of ERA.

Rio Tinto releases details of $8.5 billion of taxes and royalties paid in 2023

Retrieved on: 
Giovedì, Marzo 28, 2024
Mining, Minerals, Natural Resources, Tax, Tinto, Mineral, Rio Tinto

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.

Key Points: 
  • 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 (A$10.0 billion) were paid in 2023, including corporate tax paid of $4.1 billion (A$6.2 billion).
  • Rio Tinto also made significant tax and royalty payments in Canada ($601 million), Chile ($477 million), Mongolia ($371 million) and the United States ($123 million).

Rio Tinto commits $10 million to boost Tom Price sports and recreation

Retrieved on: 
Martedì, Marzo 26, 2024
Other Sports, Natural Resources, Sports, Mining, Minerals, Health, Tinto, Inspiration, CLIP, Life, Rio Tinto, Recreation, Core Services

Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price.

Key Points: 
  • Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price.
  • These facilities will be used by local sporting organisations and the adjacent North Tom Price Primary school.
  • The Minna Oval Development Project was identified as an important community project through the Shire of Ashburton’s Community Lifestyle Infrastructure Plan (CLIP), which Rio Tinto provided $1 million towards.
  • Rio Tinto's generous contribution of $10 million underlines their dedication to fostering community development and supporting initiatives that promote health, well-being, and recreation.

Rio Tinto Board changes

Retrieved on: 
Mercoledì, Febbraio 21, 2024
Mining, Minerals, Natural Resources, Classification, Senior, State, Workforce, Designation (law), Tinto

Rio Tinto announces that Simon McKeon will step down as a Non-Executive Director at the conclusion of the Rio Tinto Limited annual general meeting on 2 May 2024.

Key Points: 
  • Rio Tinto announces that Simon McKeon will step down as a Non-Executive Director at the conclusion of the Rio Tinto Limited annual general meeting on 2 May 2024.
  • Over the course of 2023, we announced the appointments of five new Non-Executive Directors as we continue to refresh the composition of the Board.
  • Rio Tinto Chair Dominic Barton said, “I am extremely grateful to Simon for his invaluable contribution.
  • Having regard for his roles as Rio Tinto Limited's Senior Independent Director and the Designated Director for workforce engagement, Simon has taken a particular interest in Rio Tinto's revitalised approach to engagement with the broader Australian community as well as the company's cultural reset.

Production growth of 3% from focused investment in the health of our business; underlying EBITDA of $23.9 billion and full year ordinary dividend of 435 US cents per share

Retrieved on: 
Mercoledì, Febbraio 21, 2024
Natural Resources, Manufacturing, Mining, Minerals, Steel, Copper, BHP, Rio Tinto, Electricity, Oyu Tolgoi mine, ESF, Growth, Female, Carbon accounting, Renewable energy, ESG, AP60, Tiwai Point Aluminium Smelter, Fatality, Climate change, Carbon, Safety, Health, Crash, CO2, Tinto, Tax, Microsoft Excel, Simandou, Boron, Heart, BlueScope, Cropping system, Wind, Partnership

We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.

Key Points: 
  • We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.
  • This tragedy strengthens our resolve to never be complacent about safety, so that we continue to learn and improve.
  • Our balance sheet strength enables us to continue to invest with discipline while also paying an ordinary dividend of $7.1 billion, a 60% payout.
  • As part of our focus on Best Operator, we continue to roll out the Safe Production System across our business.

Rio Tinto signs Australia’s biggest renewable power deal as it works to repower its Gladstone operations

Retrieved on: 
Martedì, Febbraio 20, 2024
Mining, Minerals, Environment, Alternative Energy, Natural Resources, Green Technology, Energy, Environmental Health, Rio Tinto, Mineral, PPA, Bungaban, Queensland, Queensland Alumina Limited, Carbon, Tinto, Policy, Electricity, Professional, Wind, Renewable energy

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.

Key Points: 
  • 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.
  • Under the new PPA with Windlab, Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years.
  • The PPA is the second renewable power deal signed for Rio Tinto’s Gladstone operations, after the recent agreement signed with European Energy to drive development of the 1.1GW Upper Calliope solar farm.
  • “Windlab is very proud to be partnering with Rio Tinto to support the long-term sustainable future of Rio Tinto’s Gladstone operations.