Rio Tinto

Rio Tinto Group (Stock Symbols – NYSE: RIO, LSE: RIO, ASX: RIO) is one of the world’s largest mineral resource companies producing a variety of commodities for global consumption including silver, iron ore, aluminium, molybdenum, copper, diamonds, titanium, borates, gold, nickel, lead, zinc, potash, titanium dioxide, salt, and uranium.

The company’s operations are centered around four main business operations 1) Energy and Minerals, 2) Iron Ore, 3) Copper and Diamonds, and 4) Aluminum.

Rio Tinto uranium operations include the Rossing Uranium mine in Namibia, and the now closed Ranger Uranium mine in the Northern Territory of Australia.

These mines are operated under its business group Rio Tinto Energy.

The Ranger Uranium mine is located 11 miles east of Jabiru, Australia and 161 miles east of the capital city of the Northern Territory – Darwin, Australia.

The Rossing Uranium mine is 43 miles from the town of Swakopmund, Namibia located in the west-central part of the country.

This mine was first discovered in 1928 and by 1976 was in production operation.

The company also provides additional resources for the globe including alumina production, primary aluminum smelting, bauxite mining, alumina refining, and ilmenite, rutile, and zircon mining, as well as gypsum.

Rio Tinto Group was founded in 1873 after several investors got together and purchased a mine complex in Huelva, Spain and is headquartered in London, United Kingdom.

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Tweets

“Our performance this half reaffirmed the underlying qualities of Rio Tinto. It also highlighted how we need to strengthen the business for the long term.” Jakob Stausholm, chief executive

For more on our half year 2021 results: https://www.riotinto.com/news/releases/2021/In-exceptional-market-conditions-Rio-Tinto-achieves-record-financial-results-and-declares-total-interim-dividend-of-561-US-cents-per-share-75-of-underlying-earnings

This week, we committed $2.4 billion to the Jadar lithium-borates project in Serbia, a project that would position us as the largest source of European lithium for at least the next 15 years

Today we signed an agreement with #CrossBoundaryEnergy to power QIT Madagascar Minerals, our ilmenite mine in #Madagascar, using solar and wind energy. This project will contribute significantly towards achieving our goal to be carbon neutral at our Madagascar operations by 2023

We’re joining other industry players from across the value chain to study ammonia as a potential zero-carbon marine fuel.

Last year, the Human Rights Law Centre, representing 156 residents of villages in the vicinity of the former Panguna copper mine in Bougainville, filed a complaint with the AusNCP against Rio Tinto. https://www.riotinto.com/news/releases/2021/Rio-Tinto-and-Bougainville-community-residents-reach-agreement-to-assess-legacy-impacts-of-Panguna-mine

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