Tag Archives: Rio Tinto

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

Rio Tinto’s spectacular Argyle Pink Diamonds Tender launched during world exclusive preview at the Sydney Opera House

LONDON, 26-6-2015 — /EuropaWire/ — Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds … Read the full press release

Rio Tinto demonstrated how its portfolio of world-class operations are positioned to generate healthy free cash flow and shareholder returns at investor seminar in London

LONDON, 5-12-2014 — /EuropaWire/ — Rio Tinto today (04 December 2014) demonstrated how its superior portfolio of world-class operations, with industry-leading EBITDA margins and significant growth potential, are positioned to generate healthy free cash flow and shareholder returns. Citing sector-leading … Read the full press release

Rio Tinto confirms no discussions taking place with Glencore

The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore. The Rio Tinto board confirms that no discussions are taking place with Glencore. In July 2014, Glencore contacted Rio Tinto regarding … Read the full press release

Rio Tinto completes sale of Rio Tinto Coal Mozambique to International Coal Ventures Private Limited

LONDON, 10-10-2014 — /EuropaWire/ — Rio Tinto has completed the sale of Rio Tinto Coal Mozambique to International Coal Ventures Private Limited following the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals. The sale, announced on … Read the full press release

Rio Tinto completed $3.5 billion of non-core asset sales and sets new production records in 2013

London, UK, 21-1-2014 — /EuropaWire/ — Rio Tinto chief executive Sam Walsh said “These are excellent fourth quarter operational results, demonstrating continued delivery on our commitments. We have set new records for iron ore production and shipments as we ramp up … Read the full press release

Rio Tinto sold its 50.1% interest in the Clermont Joint Venture to Glencore Xstrata and Sumitomo owned GS Coal Pty Ltd for US$1.015 billion

London, United Kingdom, 30-10-2013 — /EuropaWire/ — Rio Tinto has reached a binding agreement for the sale of its 50.1 per cent interest in the Clermont Joint Venture to GS Coal Pty Ltd, a company jointly owned by Glencore Xstrata and Sumitomo … Read the full press release

Rio Tinto’s Mongolian Oyu Tolgoi copper-gold mine made its first shipment of copper concentrate to China

23-7-2013 — /EuropaWire/ — Rio Tinto chief executive Sam Walsh said “A new milestone was reached in Mongolia, with the Oyu Tolgoi copper-gold mine making its first shipment of copper concentrate to China. Our iron ore operations continue their impressive performance, … Read the full press release