at the very Core of it all … is Content!
Rio Tinto will invest an incremental $338 million to complete the development of the Silvergrass mine in its world-class Pilbara iron ore operations in Western Australia. The brownfield expansion of the high-grade Silvergrass mine offers attractive returns, with an expected internal rate of return for this investment well in excess of 100 per cent1 and …
Rio Tinto has today transferred its 53.8 per cent shareholding in Bougainville Copper Limited (BCL) to an independent trustee. Equity Trustees Limited will manage the distribution of these shares between the Autonomous Bougainville Government (ABG) for the benefit of all the Panguna landowners and the people of Bougainville, and the Independent State of Papua New …
Rio Tinto will reduce its gross debt by a further $3 billion after accepting for purchase a total of $1.252 billion of debt under its Maximum Tender Offer and $1.748 billion under its Any and All Offer. Both offers commenced on 7 June 2016 and are part of Rio Tinto’s ongoing capital management. The final …
Rio Tinto will strengthen its organisational structure to continue to drive performance under its new chief executive Jean-Sébastien Jacques. From 2 July 2016, Rio Tinto’s product group structure will be adjusted to better align the Group’s assets with the business strategy to help drive further efficiencies and optimise performance. The Group’s world-class assets will be …
Rio Tinto and its partners, the Government of Mongolia and Turquoise Hill Resources, have approved the next stage in the development of the world-class Oyu Tolgoi copper and gold mine in Mongolia. The development of the underground mine will start in mid-2016 following the approval of a $5.3 billion investment by the partners and the …
Rio Tinto will reduce its near term maturing gross debt by $1.5 billion after accepting for purchase a total of $141 million of debt under its Dutch Auction Offer and $1.359 billion under its Any and All Offer. The final aggregate principal amount of Securities purchased under the Any and All Offer that expired on …
Rio Tinto has progressed plans to reduce gross debt through the early repayment of some near term maturing debt, today pricing its Any and All Offer. The total consideration payable in connection with the Any and All Offer by Rio Tinto Finance (USA) plc pursuant to the Offer to Purchase dated 21 April 2016 has …
Rio Tinto is using its strong liquidity position to reduce gross debt through the early repayment of some near term maturing debt, by today commencing cash tender offers to purchase its 2017 and 2018 notes. Rio Tinto Finance (USA) plc and Rio Tinto Finance (USA) Limited (each a “Company” and together, the “Companies”) are making …
Rio Tinto chief executive Sam Walsh will retire from the business on 1 July 2016 and will be succeeded by Copper & Coal chief executive Jean-Sébastien Jacques. To ensure a smooth transition, Jean-Sébastien, will join the board and become deputy chief executive with immediate effect. During more than three years on Rio Tinto’s executive committee, …
Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation Limited for US$616.7 million1. Rio Tinto has now announced or completed US$4.7 billion2 of divestments since January 2013. A change to the ownership structure of Coal & Allied completed on 3 …