Rio Tinto turning a darker shade of green
Rio Tinto untangles its ESG credentials ahead of site visits
Stay updated with breaking news from Simandou. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rio Tinto untangles its ESG credentials ahead of site visits
Rio says the amount of low-grade iron ore it ships over the next few years will depend on how quickly it can get replacement mines approved in Western Australia.
Rio Tinto is progressing towards mining the massive Simandou iron ore deposit in Guinea, viewing it as a potential solution to its share price slump and regulatory challenges.
Rio Tinto has demonstrated strong faith in its Simandou partners by providing $US100 million of liquidity to the project until formal funding deals are struck.
Chairman Dominic Barton says the mining giant will widen the net in its hunt for materials for the energy transition. He also talked up Rio’s ambitions in aluminium and lithium.