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Rio Tinto <<RIO>> is pursuing a steady relationship with Russia to ensure supplies of fuel and other goods for its giant Oyu Tolgoi copper-gold mine in Mongolia, the head of the...
Calling into question the fate of its alumina joint venture with Moscow-based United Co. Rusal International PJSC.
Rio Tinto Group has joined the ranks of multinationals shunning Russia following the country’s invasion of Ukraine, calling into question the fate of its aluminum joint venture with Moscow-based United Co Rusal International PJSC. “Rio Tinto is in the process of terminating all commercial relationships it has with any Russian business,” a spokesman for the global miner said in an e-mailed statement yesterday. The London-based company operates the Queensland Alumina Ltd joint venture with Rusal, which holds a 20 percent stake. While Rio is evaluating its options regarding the partnership...
Rio Tinto will review its partnership agreement with Russian aluminium giant Rusal in Queensland in response to the invasion of Ukraine.
Rio Tinto said it will cut all ties with Russian businesses, in the wake of Moscow’s military invasion of Ukraine, reported Reuters.