Rio Tinto has entered a definitive agreement to acquire Arcadium Lithium for $6.7 billion. The transaction, which will be implemented by way of a Jersey scheme of arrangement, is expected to close in mid-2025. “Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminum and copper operations to…
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Rio Tinto’s Diavik diamond mine in Canada’s Northwest Territories has moved into commercial production at its A21 underground operation, which was developed beneath the previously mined A21 open pit. Full story.
Read MoreRio Tinto in Australia has signed a new agreement with UK refinery developer Green Lithium to develop a lithium supply chain, according to a Reuters report. The new collaboration is intended to secure critical battery metal supplies for the manufacturing and automotive needs in the UK and EU. “By building our refineries, we will accelerate the adoption of EVs and…
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China’s Xuzhou Construction Machinery Group (XCMG) entered an agreement with Rio Tinto’s Simfer to supply equipment for its Simandou iron ore project in Guinea, according to a Reuters report. XCMG, headquartered in Xuzhou city, will provide core mining equipment with a total value of about 800 million yuan, or US$111.91 million. The fleet includes dozens of 230-metric ton mining trucks,…
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Rio Tinto and the Ngarluma Aboriginal Corporation (NAC) have agreed to develop an 80-megawatt solar farm on Ngarluma Country to supply renewable energy to Rio’s iron ore operations in the Pilbara region of Western Australia. The solar farm is the first proposed project the Ngarluma people and Rio Tinto will pursue after a memorandum of understanding was signed to explore…
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Rio Tinto has appointed Katie Jackson to lead its copper business arm, succeeding Bold Baatar, who will become the company’s chief commercial officer later this year.
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Rio Tinto said it shipped its four billionth tonne of iron ore from the Pilbara in Western Australia to China after half a century of working together. The shipment was loaded at Dampier Port on 19 July, bound for China Baowu Steel Group – the world’s top steel producer. “China’s strong demand for high-quality minerals such as iron ore has…
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Rio Tinto said it is working to secure a more sustainable power supply for the Gove Peninsula in the Northern Territory with two 5.25-megawatt solar farms. Following agreement with the Gumatj and Rirratjingu Traditional Owner Groups on the location of the facilities, the farms will be built on Rio Tinto leases and will help underpin a low-carbon future for the…
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Rio Tinto said it will invest A$215 million to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIron. The facility, located south of Perth in the Rockingham Strategic Industrial Area, will include a pilot plant that will be 10 times larger than its predecessor in Germany. It will also…
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Chile’s state mining firm ENAMI said it aims to start construction on its first lithium project in the country by 2028, reported Reuters. The project is part of the government’s push to boost its role in production of the battery metal. ENAMI has launched a search for a private partner to offer financial backing or operational support for the project…
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