Rio Tinto joins hands with Shougang to support decarbonization
2 years, 6 months ago

Rio Tinto joins hands with Shougang to support decarbonization

China Daily  

Heavy machinery at work at Rio Tinto Group's Pilbara iron ore mine in Western Australia. Global metals and mining giant Rio Tinto Group said on Thursday that it has signed a Memorandum of Understanding with Shougang Group, one of the world's top 10 steel producers, to jointly promote research, design and implementation of low-carbon solutions for the steel value chain. This deal with Shougang underlines Rio Tinto's strategic commitment to partner with customers on steel decarbonization pathways and to invest in technologies that could deliver reductions in steelmaking carbon intensity, said the company in a release. Steel is a vital material for economic growth and low-carbon infrastructure and Rio Tinto wants to play a strong role as an industry partner to support the decarbonization of steel, said Rio Tinto Chief Commercial Officer Alf Barrios.

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History of this topic

Rio Tinto, China firms keen on Guinea assets
6 months, 3 weeks ago

Rio Tinto, China firms keen on Guinea assets

China Daily  

Visitors check out Rio Tinto's booth during a supply chain expo in Beijing in December. "Our partnership with Chinese companies on the Simandou project, which will become Africa's largest integrated infrastructure and mining project once completed, is groundbreaking," said Gerard Rheinberger, managing director of Simandou, Rio Tinto. In August, Rio Tinto SimFer, a joint venture between the government of the …

Rio Tinto to further tap opportunities in nation's green transition
1 year ago

Rio Tinto to further tap opportunities in nation's green transition

China Daily  

Rio Tinto's booth is seen during the sixth China International Import Expo in Shanghai in November. Rio Tinto, the world's largest iron ore producer, has had more tie-ups and joint ventures with Chinese partners last year than ever before in its history, its top executive said, amid further opening-up and industrial reform that have provided massive business opportunities for multinational …

BlueScope, Rio Tinto and BHP join forces on plan for low carbon steel future
1 year, 1 month ago

BlueScope, Rio Tinto and BHP join forces on plan for low carbon steel future

ABC  

In short: Steelmaker BlueScope and iron ore producers Rio Tinto and BHP have joined forces hoping to fast track the production of green steel. Steelmaker BlueScope and iron ore producers Rio Tinto and BHP have joined forces hoping to fast track the production of green steel. Australia's biggest steelmaker and the nation's largest iron ore producers have announced a new …

Rio Tinto lauds country's advantages
1 year, 4 months ago

Rio Tinto lauds country's advantages

China Daily  

A view of the booth of Rio Tinto during the first China International Supply Chain Expo in Beijing, Nov 28, 2023. China's resilient supply chains have given multinational companies strong confidence to deepen their market development amid the improved business environment in the country in recent years, a top executive of Rio Tinto said. China, as a powerful engine of …

Rio Tinto agrees to loan $100 million to Energy Resources Australia for NT Ranger Mine rehabilitation
2 years, 5 months ago

Rio Tinto agrees to loan $100 million to Energy Resources Australia for NT Ranger Mine rehabilitation

ABC  

Mining giant Rio Tinto has agreed to loan $100 million to a company struggling to fund the clean-up of a decommissioned uranium mine on the edge of Kakadu National Park. Key points: Rio Tinto will loan $100 million to Energy Resources of Australia to clean up the sit of the Ranger Uranium Mine The clean up could cost up to …

BlueScope Steel and Rio Tinto join forces to investigate 'green steel'
3 years, 5 months ago

BlueScope Steel and Rio Tinto join forces to investigate 'green steel'

ABC  

BlueScope Steel and Rio Tinto have agreed to begin exploring methods of decarbonising the steel-making process — including setting up Australia's first 'green steel' plant. Key points: Bluescope Steel partners with Rio Tinto to explore 'green steel' at Port Kembla The companies sign a Memorandum of Understanding to investigate replacing coking coal with hydrogen to produce steel Bluescope is assessing …

Labour shortfall leads Rio Tinto to lower iron ore output forecasts
3 years, 5 months ago

Labour shortfall leads Rio Tinto to lower iron ore output forecasts

Daily Mail  

Rio Tinto has lowered its iron ore production forecasts for the year due to labour shortages and delays in completing new mine projects. Mineral growth: Rio Tinto expects to ship between 320 million and 325 million megatonnes of iron ore from its Pilbara operations in Western Australia this year Forecasts for mined copper, bauxite and iron ore pellet output have …

Rio Tinto swears by Chinese market
4 years, 4 months ago

Rio Tinto swears by Chinese market

China Daily  

A metallurgical engineer at Rio Tinto Group checks the pressure in a vat inside the company's plant in Melbourne, Australia. Global mining giant Rio Tinto Group Plc said it will continue investing in China and deepen its partnerships with local players as the country accounted for more than half of its global revenue last year. China Baowu Steel Group Corporation …

Rio Tinto NT mine production suspended amid safety concerns
5 years, 9 months ago

Rio Tinto NT mine production suspended amid safety concerns

ABC  

Production at a remote Rio Tinto mine site was temporarily suspended last week after a union investigation raised safety concerns at the operation. Key points: Production at Rio Tinto's East Arnhem Land bauxite mine was paused due to issues with lighting at its ship-loading facility The site has been the centre of union and worker concerns over safety in recent …

Rio Tinto sells its stake in Namibian mine to CNUC
6 years, 4 months ago

Rio Tinto sells its stake in Namibian mine to CNUC

China Daily  

A metallurgical engineer at Rio Tinto Group checks the pressure in a vat inside the company's plant in Melbourne, Australia. Mining giant Rio Tinto will sell its entire 68.62 percent stake in Rossing Uranium Ltd in Namibia for $106.5 million to China National Uranium Corporation Ltd, in order to focus on its core assets including iron, copper and aluminum, the …

Rio Tinto optimistic on China growth
7 years ago

Rio Tinto optimistic on China growth

China Daily  

A metallurgical engineer at Rio Tinto Group checks the pressure in a vat inside the company's plant in Melbourne, Australia. The nation's efforts to reduce overcapacity in the steel industry will benefit global mining giant Rio Tinto Group Plc and others, rather than hurt their business interests, according to its CEO Jean-Sebastien Jacques. On the other hand, eyeing the rapid …

Rio Tinto completes its exit from coal with sale of Queensland mine
7 years ago

Rio Tinto completes its exit from coal with sale of Queensland mine

ABC  

Mining giant Rio Tinto has struck a deal to sell its last coal mine — its third asset sale in just over a week. Rio's stake in the Kestrel underground coal mine in central Queensland will be sold to a consortium which includes private equity manager EMR Capital and Indonesian company Adaro Energy for $2.9 billion. Rio Tinto chief executive …

Rio Tinto says it will win, others to lose from China's shift towards high-grade iron ore
7 years, 3 months ago

Rio Tinto says it will win, others to lose from China's shift towards high-grade iron ore

ABC  

Australia's second biggest iron ore miner Rio Tinto believes it will be a big winner from China's increasing demand for high-grade iron ore, but it could spell trouble for the likes of Fortescue Metals. Rio Tinto's iron ore boss Chris Salisbury told ABC's The Business that this trend was showing up in a growing price gap between high and lower …

Rio Tinto's NSW coal mines taken over by China-backed Yancoal
7 years, 9 months ago

Rio Tinto's NSW coal mines taken over by China-backed Yancoal

ABC  

After a protracted bidding war, Rio Tinto shareholders have finally decided to sell its NSW coal assets to China-backed miner Yancoal. Key points: Yancoal is a Chinese-backed mining company, with a subsidiary listed on the ASX Rio Tinto sold its Hunter Valley coal mines to Yancoal for $3.5 billion The majority of this coal is currently sold to South Korea …

Bidding war intensifies for Rio Tinto's Hunter Valley coal mines
7 years, 9 months ago

Bidding war intensifies for Rio Tinto's Hunter Valley coal mines

ABC  

Rio Tinto is currently in a dilemma on who it should sell its Hunter Valley mines to - the Swiss or the Chinese. The assets on the block are Rio's Hunter Valley operations - the Warkworth/Mount Thorley thermal and semi-soft coking coal mines and a major stake in the Port Waratah coal loading facility in Newcastle. "We believe the Glencore …

Capacity cuts seen as opportunities for Rio
7 years, 10 months ago

Capacity cuts seen as opportunities for Rio

China Daily  

Jean-Sebastien Jacques, chief executive officer of Rio Tinto. PROVIDED TO CHINA DAILY China's moves on steel expected to swing focus onto high-quality raw materials Rio Tinto Chief Executive Jean-Sebastien Jacques said he was not concerned that China's continuing fight against overcapacity in its steel sector would hurt the business of the mining behemoth. "I'm optimistic about Rio Tinto's business in …

Capacity cuts seen as opportunities for Rio
7 years, 10 months ago

Capacity cuts seen as opportunities for Rio

China Daily  

Jean-Sebastien Jacques, chief executive officer of Rio Tinto. PROVIDED TO CHINA DAILY China's moves on steel expected to swing focus onto high-quality raw materials Rio Tinto Chief Executive Jean-Sebastien Jacques said he was not concerned that China's continuing fight against overcapacity in its steel sector would hurt the business of the mining behemoth. "I'm optimistic about Rio Tinto's business in …

Capacity cuts seen as opportunities for Rio
7 years, 10 months ago

Capacity cuts seen as opportunities for Rio

China Daily  

Jean-Sebastien Jacques, chief executive officer of Rio Tinto. PROVIDED TO CHINA DAILY China's moves on steel expected to swing focus onto high-quality raw materials Rio Tinto Chief Executive Jean-Sebastien Jacques said he was not concerned that China's continuing fight against overcapacity in its steel sector would hurt the business of the mining behemoth. "I'm optimistic about Rio Tinto's business in …

Capacity cuts seen as opportunities for Rio
7 years, 10 months ago

Capacity cuts seen as opportunities for Rio

China Daily  

Jean-Sebastien Jacques, chief executive officer of Rio Tinto. PROVIDED TO CHINA DAILY China's moves on steel expected to swing focus onto high-quality raw materials Rio Tinto Chief Executive Jean-Sebastien Jacques said he was not concerned that China's continuing fight against overcapacity in its steel sector would hurt the business of the mining behemoth. "I'm optimistic about Rio Tinto's business in …

Yancoal secures FIRB approval for $2.5b purchase of Rio Tinto coal mines
7 years, 11 months ago

Yancoal secures FIRB approval for $2.5b purchase of Rio Tinto coal mines

China Daily  

A mineworker looks at a train loader at the Rio Tinto West Angelas iron ore mine in the Pilbara, northwest of Perth, Australia. SYDNEY - A $2.5 billion deal between mining giants Yancoal and Rio Tinto was approved by Australia's Foreign Investment Review Board on Thursday. "Today's FIRB approval is a positive step forward for Yancoal, its shareholders and the …

Rio Tinto sells mines to China's Yancoal
8 years, 2 months ago

Rio Tinto sells mines to China's Yancoal

China Daily  

A coal mining site in Australia. SYDNEY - Australian mining juggernaut Rio Tinto has struck the biggest ever single asset sale in their company's history, agreeing terms with Yancoal Australia, owned by Chinese company Yanzhou Coal Mining, for $2.45 billion sale of their News South Wales business, Coal & Allied, late Tuesday. Rio Tinto said the sale came after all …

Rio Tinto agrees to sell Australian coal unit to China's Yancoal for $3.2b
8 years, 2 months ago

Rio Tinto agrees to sell Australian coal unit to China's Yancoal for $3.2b

ABC  

Global miner Rio Tinto has cut a deal to sell its Australian coal assets to China's Yancoal for $3.2 billion — if the sale is approved by the Federal Government. Key points: Yancoal Australia is owned by Chinese company Yanzhou Coal Mining, which already runs other mines in the Hunter Valley region Local leaders are hopeful this is a vote …

Rio Tinto boosting extra cash flow by $5 billion over next five years
8 years, 4 months ago

Rio Tinto boosting extra cash flow by $5 billion over next five years

ABC  

Mining giant Rio Tinto says it intends to generate $5 billion of further free cash flow by the end of 2021, as it ramps up efforts to raise productivity across its $50 billion portfolio of assets. "We have placed our assets at the heart of the business to drive improved performance and ensure our resilience through the cycle," Rio Tinto …

Rio Tinto, Sinosteel extend Aussie venture
8 years, 11 months ago

Rio Tinto, Sinosteel extend Aussie venture

China Daily  

Mining giant Rio Tinto Plc and China's Sinosteel Corp have extended their Australian joint venture to supply another 70 million metric tons of iron ore over the next five years, expanding one of the longest-running partnerships in the two countries' trade relationship. The extension, the second in the 29 years of the Channar joint venture that has provided for the …

Rio Tinto, Sinosteel extend Aussie venture
8 years, 11 months ago

Rio Tinto, Sinosteel extend Aussie venture

China Daily  

Mining giant Rio Tinto Plc and China's Sinosteel Corp have extended their Australian joint venture to supply another 70 million metric tons of iron ore over the next five years, expanding one of the longest-running partnerships in the two countries' trade relationship. The extension, the second in the 29 years of the Channar joint venture that has provided for the …

Rio Tinto eyes uranium business for growth[1]- Chinadaily.com.cn
9 years ago

Rio Tinto eyes uranium business for growth[1]- Chinadaily.com.cn

China Daily  

A workshop of Sanway Steel Building Co in Tengzhou, Shandong province. Global mining giant Rio Tinto Group is looking into opportunities for growth in uranium business, predicting an uptick in the industry driven by China's rising demand for the nuclear fuel. "Uranium has been a tough business since the Fukushima nuclear disaster in Japan, but the uranium market will recover …

Rio Tinto eyes uranium business for growth[1]- Chinadaily.com.cn
9 years ago

Rio Tinto eyes uranium business for growth[1]- Chinadaily.com.cn

China Daily  

A workshop of Sanway Steel Building Co in Tengzhou, Shandong province. Global mining giant Rio Tinto Group is looking into opportunities for growth in uranium business, predicting an uptick in the industry driven by China's rising demand for the nuclear fuel. "Uranium has been a tough business since the Fukushima nuclear disaster in Japan, but the uranium market will recover …

Rio Tinto replaces Sam Walsh with former Tata Steel strategist as CEO
9 years ago

Rio Tinto replaces Sam Walsh with former Tata Steel strategist as CEO

Live Mint  

Sydney: Rio Tinto has named its copper and coal division head, Jean-Sébastien Jacques, as its chief executive, replacing veteran Sam Walsh and marking a shift for the Anglo-Australian mining major that has long focused on iron ore. Walsh, 66, was placed at the helm three years ago after the abrupt ousting of Rio’s then boss Tom Albanese. Rio has in …

Cape York traditional owners urge Rio Tinto to prevent 'heartbreaking waste' of timber
9 years, 3 months ago

Cape York traditional owners urge Rio Tinto to prevent 'heartbreaking waste' of timber

ABC  

Traditional owners on Cape York are urging mining giant Rio Tinto to finalise an agreement which would ensure that timber worth hundreds of millions of dollars is salvaged and not burnt. Four years ago, the Queensland Government granted Wik Timber Holdings Ltd a permit to salvage and sell timber on Rio Tinto's lease which would otherwise be clear-felled and burnt …

Rio Tinto's $2.6b expansion of bauxite operations in far north Queensland to create 1,400 permanent jobs
9 years, 4 months ago

Rio Tinto's $2.6b expansion of bauxite operations in far north Queensland to create 1,400 permanent jobs

ABC  

Rio Tinto's bauxite operations on Cape York in far north Queensland will be extended for another 40 years after its board approved a $2.6 billion expansion. It will replace the East Weipa mine, extending Rio Tinto's Cape York bauxite operations by four decades. Rio Tinto CEO Sam Walsh said the project would provide 1,400 permanent jobs and 1,100 in the …

Rio Tinto keeps ramping up iron ore production even as prices slump
10 years, 2 months ago

Rio Tinto keeps ramping up iron ore production even as prices slump

ABC  

Anglo-Australian mining giant Rio Tinto has again increased its iron ore output, even as prices plunged during 2014. The miner increased iron ore shipments by 13 per cent in the December quarter compared with the same period last year, and shipped off 17 per cent more ore in 2014 than over the previous year. The company's iron ore production was …

Rio Tinto, BHP Billiton iron ore strategy crushes Colin Barnett
10 years, 5 months ago

Rio Tinto, BHP Billiton iron ore strategy crushes Colin Barnett

ABC  

Rio Tinto boss Sam Walsh has just directed a Caterpillar earthmoving monster over Colin Barnett's budget target, crushing it and West Australia's state revenues in the process. "I find it a strange policy, indeed a flawed policy, that the major iron ore producers would be putting more and more product into a declining, soft market," he told WA's Parliament. Given …

Rio Tinto chief quits after heavy write-downs
12 years, 2 months ago

Rio Tinto chief quits after heavy write-downs

ABC  

Mining company Rio Tinto has announced the sudden resignation of its chief executive Tom Albanese. The projects were two of Mr Abanese's most significant acquisitions, and Rio Tinto chairman Jan du Plessis has described the results as "unacceptable". Rio says the non-cash impairments in its 2012 results include a charge of around $3 billion relating to the Mozambique business, as …

Losing their shine: Rio Tinto plans to sell flagging diamond mines for up to $2bn
13 years ago

Losing their shine: Rio Tinto plans to sell flagging diamond mines for up to $2bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rio Tinto yesterday declared diamonds …

Rio Tinto chief backs stake buy
16 years ago

Rio Tinto chief backs stake buy

China Daily  

进入英语学习论坛下载音频 Rio Tinto shareholders and Australian regulators are sure to approve Aluminum Corp of China's, or Chinalco's, proposed $19.5-billion investment in the company, its chief executive told China Daily in London. It is still subject to approvals by Rio Tinto shareholders and Australia's Foreign Investment Review Board, which announced last week that it would extend by 90 days its probe …

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