The agreement reinforces Rio Tinto’s partnership with Baowu, recognising the significant expertise and knowledge both parties bring to the joint venture.
Yesterday, Rio Tinto welcomed the Prime Minister of New Zealand to officially reopen Potline 4 at its South Island aluminium smelter.
The non-binding heads of agreement for Chinalco to acquire Rio Tinto's interest in the Simandou project has lapsed.
Hydro has withdrawn its European Commission merger filing and terminated the transaction with Rio Tinto.
The company was recognised at the 2018 Women in Resources National Awards (WIRNA) for its commitment to gender diversity and breaking the cycle of violence against women.
The soon-to-be competed bauxite project has been built using local companies with over AUS$1.5 billion worth of contracts awarded to Queensland suppliers.
Rio Tinto achieves strong set of results for first half of 2018 including US$7.2 billion of returns to shareholders.
The funds will be invested in detailed engineering work on key elements of the project, the development of a rail construction camp and the first stage of the Koodaideri accommodation camp.
Rio Tinto has become the first mining and metals company to be awarded the Chain of Custody certification by the Aluminium Stewardship Initiative.
The company’s operational performance was solid across most commodities, rounding out a strong first half performance.