Rio Tinto Group
Rio Tinto Group
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Rio Tinto has strongly scaled up its exposure to battery minerals with the commitment of $US2.4B to its 100%-owned Jadar lithium-borates project, one of the world’s largest greenfield lithium deposits on the doorstep of Europe’s fast-growing electric vehicle market in Serbia.
(INFRASTRUCTURE)
A damning report on the state of infrastructure in the United States, with critical structures being pushed to the limit and one in three bridges on interstates in need of rehabilitation or replacement, is another indictment of the lack of action by legislators that is also holding back the mining sector.
The potential for an underground development of the massive Kennecott copper operations in Utah, USA is becoming more likely with 100% owner Rio Tinto approving a $US108M investment to enable orebody access and characterisation studies.
Rio Tinto recognises Kennecott’s potential for a significant underground development targeting its declared 20Mt at 3.65% Cu and 1.62g/t Au resource with further upside potential based on drilling.
More than 30 years after its closure, Rio Tinto has agreed to be part of a joint committee investigating the environmental, pollution and health impacts of the hugely controversial Panguna copper mine in Bougainville.
The Panguna Mine Legacy Impact Assessment Committee will be established by the Autonomous Bougainville Government, the miner and the Human Rights Law Centre representing community members living downstream from the mine.
Iron ore giant Rio Tinto has lowered its full year production sights after issues from COVID-19 travel bans, heavy rainfall and shutdowns to allow replacement mines to be brought on stream impacted June qtr (Q2) production at its Western Australian operations.
Q2 production by its Pilbara operations fell to 75.9Mt, from 76.4Mt in the previous period. Shipping volumes also dropped to 76.3Mt (Q1: 77.8Mt).
South Africa’s largest mineral sands producer is halted for the second time in less than two years because of rising levels of violent opposition from local community groups.
Growing community violence has forced Rio Tinto to shut down all mining and smelting operations and declare force majeure on customer contracts at its Richards Bay Minerals heavy mineral sands project in South Africa.
RBM, 74% owned by Rio Tinto in a JV with the Blue Horizon consortium of investors and host communities as well as an employee trust, is South Africa’s largest mineral sands producer and a major contributor to the economy of KwaZulu-Natal province.
Partnering with Italian-based global heavy transport and lifting company Fagioli is opening new opportunities for Australian engineer Monadelphous, winning specialist heavy lifting and haulage services at the $US3.4B Iron Bridge magnetite mine development in the WA Pilbara for Fortescue Metals Group and Formosa Steel.
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Companies across the mining equipment, technology and services sector have been given a bit more time to come up with a solution to one of the major hurdles to improving the environmental performance and productivity of haul trucks: slow stationary recharging systems.
The Big 3 of global iron ore mining - Rio Tinto, Vale and BHP - teamed with METS industry body Austmine in May to launch the Charge On Innovation Challenge.
(ENVIRONMENTAL)
Companies across all industry sectors willing to take up the challenge to overcome one of the major hurdles to the decarbonisation of mining fleets and tackling the climate challenge have been given an extra month to show how to overcome the significant loss of productivity caused by current stationary recharging systems.