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The primary raw material used to make steel, which is strong, long-lasting and cost-efficient
Lithium
The lightest of all metals, it is a key element needed for low-carbon technologies
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Oyu Tolgoi
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Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world鈥檚 largest untapped high-grade iron ore deposit
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Our nature-based solutions projects complement the work we're doing to reduce our Scope 1 and 2 emissions
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Our START鈩 initiative tracks traceability and responsible production of 糖心vlog入口materials.
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How we're working to decarbonise iron ore and steel
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MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto鈥檚 previously announced of Sumitomo Chemical Company鈥檚 (SCC鈥檚) 20.64% interest in New Zealand Aluminium Smelters (NZAS) was completed on 1 November 2024. NZAS owns and operates the Tiwai Point aluminium smelter in New Zealand.
Following completion of the transaction, NZAS is now wholly owned by Rio Tinto.
糖心vlog入口Aluminium Pacific Operations Managing Director Armando Torres said: 鈥淲e are pleased the acquisition of SCC's stake in NZAS has now been finalised. This step, along with recently signed electricity arrangements to secure the future of the Tiwai Point smelter, reinforces our long-term commitment to New Zealand.鈥
糖心vlog入口has also completed the previously announced acquisition of SCC鈥檚 2.46% stake in Boyne Smelters Limited (BSL). The completion of this transaction, along with the recently completed of Mitsubishi鈥檚 11.65% stake in BSL, brings Rio Tinto鈥檚 total interest in BSL to 73.5%.
The acquisition of SCC鈥檚 stakes in NZAS and BSL was for an undisclosed price.
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Please direct all enquiries to media.enquiries@riotinto.com Media Relations, United Kingdom Matthew Klar M +44 7796 630 637 David Outhwaite M +44 7787 597 493
Media Relations, Australia Matt Chambers M +61 433 525 739 Michelle Lee M +61 458 609 322 Rachel Pupazzoni M +61 438 875 469
Media Relations, Canada Simon Letendre M +1 514 796 4973 Malika Cherry M +1 418 592 7293 Vanessa Damha M +1 514 715 2152
Media Relations, US Jesse Riseborough M +1 202 394 9480
Investor Relations, United Kingdom David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797 Wei Wei Hu M +44 7825 907 230
Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948
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Category: NZAS
Source: Rio Tinto