Tinto

Rio Tinto appoints Bold Baatar as Chief Commercial Officer

Retrieved on: 
Sunday, April 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: 
Wednesday, April 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: 
Thursday, March 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: 
Tuesday, March 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: 
Wednesday, February 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: 
Wednesday, February 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: 
Tuesday, February 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.

Rio Tinto to drive development of Australia’s largest solar farm at Gladstone

Retrieved on: 
Tuesday, January 23, 2024
Mining, Minerals, Environment, Alternative Energy, Green Technology, Energy, Natural Resources, Tinto, Wind, Policy, Electricity, PPA, Carbon, Queensland Alumina Limited, Rio Tinto, Renewable energy

Rio Tinto will drive development of Australia’s largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW1 Upper Calliope Solar Farm to provide renewable power to Rio Tinto’s Gladstone operations.

Key Points: 
  • Rio Tinto will drive development of Australia’s largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW1 Upper Calliope Solar Farm to provide renewable power to Rio Tinto’s Gladstone operations.
  • Under a new power purchase agreement (PPA) signed with European Energy Australia, Rio Tinto will buy all power generated from the Upper Calliope solar farm for 25 years.
  • European Energy CEO Erik Andersen said “European Energy is proud to be a strategic partner in this project with Rio Tinto.
  • The Upper Calliope Solar Farm is not just a solar power project; it's a testament to our shared vision for a greener future.

Rio Tinto Board changes

Retrieved on: 
Friday, December 22, 2023
Mining, Minerals, Natural Resources, Prostate Cancer UK, Rio Tinto, Social Progress Imperative, Confederation, Prostate cancer, Classification, State, Chassis Brakes International, Tinto, Financial Conduct Authority, Imerys, ThyssenKrupp, Lufthansa, Supervisory board, Volvo, Robert Bosch GmbH

Martina also has extensive listed company experience, currently serving on the Board of AB Volvo and the Supervisory Board of Siemens AG.

Key Points: 
  • Martina also has extensive listed company experience, currently serving on the Board of AB Volvo and the Supervisory Board of Siemens AG.
  • Rio Tinto Chair Dominic Barton said: “Martina has extensive leadership experience in handling cyclical businesses, navigating the energy transition and decarbonisation initiatives, and leading innovation and R&D efforts.
  • This expertise, combined with significant board experience as a non-executive director, make her a valuable addition to the Rio Tinto Board.
  • I am very pleased to welcome Sharon to our Board.”
    Martina Merz said: “I am pleased to be joining Rio Tinto at an exciting time for the company.

Rio Tinto Board change

Retrieved on: 
Friday, December 15, 2023
Mining, Minerals, Natural Resources, State, Classification, Tinto, Rio Tinto

Rio Tinto confirms that Dr Megan Clark has stepped down as a non-executive director on 15 December 2023, having served for nine years on the Board of Directors.

Key Points: 
  • Rio Tinto confirms that Dr Megan Clark has stepped down as a non-executive director on 15 December 2023, having served for nine years on the Board of Directors.
  • Rio Tinto Chair Dominic Barton said, “I would like to express my sincere thanks to Megan for her contribution to Rio Tinto.
  • On behalf of the Board, I wish Megan well for the future.”
    This announcement is made in fulfilment of the Company's obligation under UK LR 9.6.11.
  • This announcement is authorised for release to the market by Andy Hodges, Rio Tinto’s Group Company Secretary.