at the very Core of it all … is Content!
Rio Tinto has entered into a binding agreement with Whitehaven Coal Limited for the sale of its entire 75 per cent interest in the Winchester South coal development project in Queensland, Australia, for $200 million. Total consideration is comprised of $150 million payable to Rio Tinto by Whitehaven on the date of completion and a …
Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, for $1.7 billion. The sale includes Rio Tinto’s 82.0 per cent interest in the Hail Creek operating mine and its 71.2 per cent …
Rio Tinto is further strengthening its presence in Mongolia, underscoring its commitment to the country. Rio Tinto will establish a new office in Ulaanbaatar and expand its national employee numbers to around 80 through the course of 2018. The new Rio Tinto office will support the company’s exploration programme and technology centre and have a …
Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500 million, subject to final adjustments. In accordance with French law, Rio Tinto will launch a consultation process with employees, relevant European works councils and other stakeholders in relation to the bid. Subject …
Rio Tinto will expand its fleet of autonomous haul trucks at its world-class iron ore operations in the Pilbara by more than 50 per cent by 2019 after signing agreements with leading manufacturers Caterpillar Inc. and Komatsu Ltd. to convert traditional trucks to autonomous vehicles. A total of 29 Komatsu haul trucks will be retrofitted …
Rio Tinto has further strengthened its partnership with China’s Tsinghua University, extending the tenure of the Tsinghua-Rio Tinto Joint Research Centre for Resources, Energy and Sustainable Development. Rio Tinto and Tsinghua University established the Joint Research Centre in 2012 to bring together leading experts from China and around the world to study, generate and share …
Rio Tinto and Minmetals have today signed a Technical Collaboration Agreement, formalising a collaborative partnership in mineral exploration. It follows a Heads of Agreement on Global Exploration Collaboration signed in June this year, which set out the principles and framework for the parties to conduct potential collaboration in global mineral exploration. The signing of Technical …
Rio Tinto and China’s Sinosteel Corporation have agreed to extend their historic Channar Mining Joint Venture. This third extension of the joint venture, confirmed in Beijing by Rio Tinto chief executive J-S Jacques and Sinosteel chairman Xu Siwei, will see an additional 10 million tonnes of iron ore delivered into the joint venture from Western …
Rio Tinto has reinforced its focus on driving value across the business from mine to market with the appointment of Simon Trott as chief commercial officer (CCO). In this newly created role, Simon will report to the chief executive and also join Rio Tinto’s Executive Committee. Simon, currently Salt, Uranium & Borates managing director, will …
Rio Tinto has been notified by the US Securities and Exchange Commission (SEC) that it has filed a complaint today in relation to Rio Tinto’s disclosures and timing of the impairment of Rio Tinto Coal Mozambique (RTCM). The impairment was reflected in Rio Tinto’s 2012 year-end accounts. Rio Tinto intends to vigorously defend itself against …