Rio Tinto books electric train towards carbon goals
Trials of the locomotives will take place in 2024, the company said
Company
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Trials of the locomotives will take place in 2024, the company said
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Barton spent over 30 years at McKinsey & Company, including nine as the global managing partner and six as Asia chairman. Most recently, he has been Canada's ambassador to China since 2019
Oyu Tolgoi is one of the largest known copper and gold deposits in the world
The Wall Street bank said that while China’s ‘pull’ on industrial commodities had ‘slowed considerably’, it expects a policy shift to feed through to the country’s currently struggling property sector in the second half of next year
The Wall Street bank has cut its forecast for the iron price
Capex and opex are likely to remain higher than consensus currently assumes, said the miner
There were tears, there were disappointments at COP26, but was there any real change?
The notes will pay a coupon of 2.75% and will mature on 2 November 2051.
It plans to reduce its Scope 1 & 2 carbon emissions by 50% by 2030, more than tripling its previous target
A selection of this week's mining company stories at a glance
Third-quarter iron ore production at Pilbara was down year-on-year, partly due to "heritage management", which some of us thought Rio doesn't normally bother with
Chinese producer price index numbers have hit their highest since records began in 1996
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The UK blue-chip index jumped 66 points, or 0.92%, to end at 7,207
Day ahead: Hays, Rio Tinto, US jobs and National Express are among Thursday's features
Meanwhile, a new study by Friends of the Earth Europe and the European Environmental Bureau suggested the EU must reduce extraction of natural resources by 65% “to prevent human and ecological disaster”
Miners make up five of the six biggest forecast dividend increases in 2021, but this number dwindles to just two based on forecasts for 2022
Hard cash and reality can apparently still penetrate the mists of the big-tech world-view
The Juukan Gorge rock shelters, which were destroyed during mining operations last year, showed human habitation dating back 46,000 years
Mining titans will each hand back more than US$50bn suggests the broker