Tag Archives: Rio Tinto

Northwest Territories Diamond Mines Unite to Auction Unique Pendant for Local Families in Need

(IN BRIEF) The Northwest Territories’ three diamond mines—Diavik, Gahcho Kué, and Ekati—have created a one-of-a-kind pendant with diamonds from each mine, set in a Northern-inspired caribou antler design. This unique pendant, valued at over C$12,000, will be auctioned at the … Read the full press release

Bell Centre and Montreal Canadiens Partner with Rio Tinto to Introduce Infinitely Recyclable Aluminum Cups, Eliminating Plastic Waste

(IN BRIEF) The Bell Centre, home to the Montreal Canadiens, is joining forces with Rio Tinto to introduce infinitely recyclable cups made from aluminum produced in Quebec’s Saguenay – Lac-Saint-Jean region. This five-year partnership aligns with the Montreal Canadiens’ “The … Read the full press release

Rio Tinto Boosts Australia-Japan Collaboration with $1.7 Million Investment in Innovation Fund

(IN BRIEF) Rio Tinto has pledged an additional A$1.7 million to the Australia-Japan Innovation Fund (AJIF) during the 60th Australia-Japan Annual Joint Business Conference in Melbourne. This funding will support research projects and strengthen collaboration between Australia and Japan in … Read the full press release

Glencore joins Alunorte, MRN joint ventures with Hydro after stake acquisition

(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release

Rio Tinto Diamonds: despite unprecedented challenges due to COVID-19 pandemic the company safeguards the livelihoods of many in the industry

(PRESS RELEASE) LONDON, 23-Jul-2020 — /EuropaWire/ — Leading global metals and mining corporation Rio Tinto has announced it continued to produce and market its diamonds throughout the challenges posed by the COVID-19 pandemic. Rio Tinto, 100 per cent owner of … Read the full press release

Rio Tinto to return to full operations at Richards Bay Minerals in South Africa in January 2020

(PRESS RELEASE) LONDON, 30-Dec-2019 — /EuropaWire/ — Rio Tinto started the process of resuming operations at Richards Bay Minerals (RBM) in South Africa. Following discussions led by the Premier of KwaZulu-Natal, Sihle Zikalala, with all stakeholders about securing stability to … Read the full press release

Base Element and Cognigy Announce Strategic Partnership

LONDON, 16-Nov-2018 — /EuropaWire/ — Base Element, a European digital agency, and Cognigy, a leading conversational AI platform software provider have entered to a strategic partnership agreement. This partnership will enable the design and implementation of cutting-edge conversational AI solutions for … Read the full press release

Rio Tinto completes lease and sale of wharf and land in Kitimat, British Columbia to LNG Canada

LONDON, 12-Nov-2018 — /EuropaWire/ — Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million. LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi … Read the full press release

Rio Tinto completes sale of remaining coal assets in Queensland, Australia for $3.95 billion

LONDON, 03-Aug-2018 — /EuropaWire/ — Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion. The transactions include the sale of Rio Tinto’s interests in the Hail Creek coal mine and Valeria coal … Read the full press release

Rio Tinto completes the sale of its 75 per cent stake in the Winchester South coal development project in Queensland to Whitehaven Coal Limited

LONDON, 07-Jun-2018 — /EuropaWire/ — Rio Tinto has completed the sale of its 75 per cent interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Limited. Total consideration of $200 million is comprised of $150 … Read the full press release

Rio Tinto launches bond purchase and redemption plan for up to $2.25 billion

LONDON, 22-Mar-2018 — /EuropaWire/ — Rio Tinto will use some of its surplus liquidity to further reduce gross debt, today launching a bond purchase and redemption plan for up to $2.25 billion. Under the plan, Rio Tinto has issued redemption notices … Read the full press release

Rio Tinto to sell its entire interests in Hail Creek coal mine and Valeria coal development project in Australia to Glencore

LONDON, 22-Mar-2018 — /EuropaWire/ — 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 … Read the full press release

Rio Tinto and the Government of Mongolia strengthen relationship by setting up a joint working group to create long-term sustainable solutions

LONDON, 25-Jan-2018 — /EuropaWire/ — The Prime Minister of Mongolia U. Khurelsukh and other government representatives and Rio Tinto chief executive J-S Jacques met in Ulaanbaatar today to progress their partnership. The two sides discussed ways to strengthen the relationship by … Read the full press release

Rio Tinto appoints Munkhtushig Dul to lead its new office in Ulaanbaatar, Mongolia

LONDON, 25-Jan-2018 — /EuropaWire/ — 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 … Read the full press release

Rio Tinto dividends and share buy-backs cash returns to shareholders reaches $8.2 billion in 2017

LONDON, 28-Dec-2017 — /EuropaWire/ — Rio Tinto has successfully completed its $1.5 billion buy-back of Rio Tinto plc shares, comprised of the $500 million and $1 billion on-market share buy-back programmes announced on 8 February 2017 and 2 August 2017 … Read the full press release

Rio Tinto suspends Energy & Minerals chief executive Alan Davies over Simandou project investigation

LONDON, 09-Nov-2016 — /EuropaWire/ — On 29 August 2016, Rio Tinto became aware of email correspondence from 2011 relating to contractual payments totalling US$10.5 million made to a consultant providing advisory services on the Simandou project in Guinea. The company launched … Read the full press release

50 years since Rio Tinto’s first contracted shipment of iron ore left for Japan

LONDON, 23-Aug-2016 — /EuropaWire/ — Today marks 50 years since Rio Tinto’s first contracted shipment of our iron ore departed Dampier for the Yawata Iron and Steel Company in Japan. Ahead of this milestone, thousands of Australian contractors and suppliers laid … Read the full press release

Rio Tinto: Oyu Tolgoi underground mine in Mongolia signs US$4.4 billion project financing agreement

LONDON, 18-12-2015 — /EuropaWire/ — The development of the Oyu Tolgoi underground mine in Mongolia took an important step forward today with the signing of a US$4.4 billion project financing agreement. Oyu Tolgoi has secured Project Finance for the underground … Read the full press release

Rio Tinto CEO Sam Walsh: We continue to deliver efficient production, rigorous cost control and sound allocation of capital

LONDON, 21-10-2015 — /EuropaWire/ — Rio Tinto chief executive Sam Walsh said “We continue to deliver efficient production, rigorous cost control and sound allocation of capital. This approach is ensuring that our tier one assets generate substantial free cash flow … Read the full press release

Rio Tinto to demonstrate at investor seminar in Sydney how the completion of its world-class iron ore project in Western Australia will deliver significant shareholder value

SYDNEY, Australia, 3-9-2015 — /EuropaWire/ — Rio Tinto has demonstrated how the completion of its world-class iron ore expansion project in Western Australia will deliver significant shareholder value as the sector transitions through the ongoing volatility in global commodity markets. At an … Read the full press release