Rio Tinto Shelve Coal Project

Projects - Rio Tinto

The deposit is located on the doorstep of the European Union, one of the fastest growing electric vehicle markets in the world. Jadarite was discovered in 2004 by Rio Tinto geologists near the city of Loznica, Serbia. In 2020, we approved an additional investment of almost $200 million to continue to progress the lithium-borate Jadar project.

Rio Tinto completes sale of remaining coal assets

Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion. The transactions include the sale of Rio Tinto’s interests in the Hail Creek coal mine and Valeria coal development project to Glencore for $1.7 billion, and its interest in the Kestrel underground coal mine to a consortium comprising private equity manager EMR Capital and PT Adaro ...

Energy Giants Ditch Oil and Coal Projects. Smaller Rivals ...

Apr 21, 2021· Major oil companies such as BP PLC and Royal Dutch Shell PLC are selling billions of dollars of assets to bolster their finances and reduce carbon emissions, while mining companies including Anglo American PLC and Rio Tinto PLC have exited coal projects.

Indonesia's Salim buys huge Australian coal project from ...

Jan 26, 2016· Global miner Rio Tinto Plc <RIO.L> <RIO.AX> has agreed to sell one of its remaining coal mines in Australia to a group owned by Indonesia's …

Exit stage left: the big miners moving away from coal

Jan 21, 2020· Anglo-Australian mining major Rio Tinto is the world’s second-largest mining company, and the first big mining company to divest from coal. It completed its exit from coal in August 2018 with the sale of its assets in Queensland, Australia.. The company sold its interests in the Hail Creek coal mine and Valeria coal development project to British-Swiss multinational Glencore for A$1.7bn, as ...

Glencore to acquire Rio coal assets in QLD for $US1.7bn ...

Mar 21, 2018· In 2017, the Hail Creek mine produced 9.4 million tonnes (Mt) of saleable coal, comprising 5.25Mt of hard coking coal and 4.13Mt of thermal coal. Rio Tinto chief executive Jean-Sébastien Jacques ...

Energy Giants Ditch Oil and Coal Projects. Smaller Rivals ...

Apr 21, 2021· Energy Giants Ditch Oil and Coal Projects. Smaller Rivals Want Them. BP, Rio Tinto and others sell assets for financial and environmental reasons, in …

Sengwa Coal Mine | RioZim

Sengwa Coal Mine. Background. Sengwa started out as a JV Agreement between Rio Tinto Zimbabwe Limited and RTZ Mining & Exploration Limited, signed on 22 April 1994. The JV would focus on all activities directed toward ascertaining the existence, location, quality and quantity or commercial value of deposits or products at the Sengwa site.

Rio Tinto produces battery grade lithium in the US ...

Apr 07, 2021· If the project proves to be successful, Rio Tinto will invest $50 million in a plant with annual capacity of 5,000 tonnes of lithium a year — enough for around 15,000 Tesla Model S batteries

Rio Tinto: Corporate Rap Sheet | Corporate Research Project

Sep 26, 2020· In January 2013 Rio Tinto's chief executive was forced to resign after the company took a $14 billion write-down on the value of aluminum and coal mining assets. In 2020 another of the company's CEOs resigned in the wake of a controversy over the company's destruction of prehistoric aboriginal caves in Australia to get at the iron ore below.

Indonesia's Salim buys huge Australian coal project from ...

Jan 26, 2016· Global miner Rio Tinto Plc <RIO.L> <RIO.AX> has agreed to sell one of its remaining coal mines in Australia to a group owned by Indonesia's …

Rio Tinto avoids footing $1bn bill for new power plant in ...

Rio Tinto has been spared from footing the bill for a $1bn coal-fired power station in Mongolia, where the miner is developing a huge underground copper deposit in the Gobi Desert.

Exit stage left: the big miners moving away from coal

Jan 21, 2020· Anglo-Australian mining major Rio Tinto is the world’s second-largest mining company, and the first big mining company to divest from coal. It completed its exit from coal in August 2018 with the sale of its assets in Queensland, Australia.. The company sold its interests in the Hail Creek coal mine and Valeria coal development project to British-Swiss multinational Glencore for A$1.7bn, as ...

Rio Tinto shelves iron ore project in Guinea - YouTube

Jul 05, 2016· Global mining giant Rio Tinto has reportedly shelved a 20 billion dollar iron ore project in Guinea, following a sustained slump in the price of the metal. T...

Glencore to acquire Rio coal assets in QLD for $US1.7bn ...

Mar 21, 2018· In 2017, the Hail Creek mine produced 9.4 million tonnes (Mt) of saleable coal, comprising 5.25Mt of hard coking coal and 4.13Mt of thermal coal. Rio Tinto chief executive Jean-Sébastien Jacques ...

Sengwa Coal Mine | RioZim

Sengwa Coal Mine. Background. Sengwa started out as a JV Agreement between Rio Tinto Zimbabwe Limited and RTZ Mining & Exploration Limited, signed on 22 April 1994. The JV would focus on all activities directed toward ascertaining the existence, location, quality and quantity or commercial value of deposits or products at the Sengwa site.

BHP and Rio Tinto are quietly exiting coal

Dec 02, 2015· Coal divestment group 350 Australia has taken Rio Tinto and BHP Billiton off its target list, saying the global miners are unlikely to approve new coal projects …

Energy - Rio Tinto Kennecott

By retiring four coal-fired boilers since 2016, we will eliminate 6,000 tons of PM 2.5 and precursors annually from our airshed. This is an important milestone in achieving Rio Tinto…

Rio Tinto partners with InoBat to explore innovative ...

May 25, 2021· In 2020, Rio Tinto approved an investment of almost US$200 million to complete the final phase of study at the Jadar project, which is expected to …

Mining scandals: four incidents that shook the industry

Mar 11, 2019· Then in 2013, coal prices dropped to below $100 per tonne from a peak of $130 per tonne in 2011, severely undermining the project’s financial potential. Managers at the Benga mine said that the project was worth negative $680m, and Rio Tinto wrote off $3.5bn on the operation. The company eventually sold the mine in 2014 for just $50m.

Rio Tinto partners with InoBat | Global Mining Review

May 25, 2021· Rio Tinto’s Jadar project in Serbia, one of the largest greenfield lithium projects in development, has the potential to produce approximately 55 000 t of battery grade lithium carbonate in Europe, one of the world’s largest growing electric vehicles markets.

Rio Tinto shelves billions in projects

May 05, 2010· Rio Tinto shelves billions in projects Tax response: Rio Tinto has shelved plans to spend $11 billion on expanding its WA iron ore operations. By Andrew Burrell And Dennis Shanahan

Why Rio Tinto Is Shelving The Simandou Project | Nasdaq

Jul 06, 2016· Given the uncertainty over the long-term strength of iron ore prices, Rio Tinto's new management has decided to shelve the Simandou iron ore project. Had Rio Tinto opted to develop the Simandou ...

Glencore snaps up Rio Tinto's Hail Creek coal mine ...

Mar 20, 2018· Glencore is buying Rio Tinto's Hail Creek coal mine and the Valeria coal project in Australia for $1.7 billion, tightening the Swiss trading and mining giant's grip on coal as …

Mongolia offers Rio Tinto surprise proposal to build coal ...

May 18, 2020· The cost of expanding Rio Tinto's (RIO +8.3%) Oyu Tolgoi copper project could decline by nearly US$1B under a surprise Mongolian government plan …

Exit stage left: the big miners moving away from coal

Jan 21, 2020· Anglo-Australian mining major Rio Tinto is the world’s second-largest mining company, and the first big mining company to divest from coal. It completed its exit from coal in August 2018 with the sale of its assets in Queensland, Australia.. The company sold its interests in the Hail Creek coal mine and Valeria coal development project to British-Swiss multinational Glencore for A$1.7bn, as ...

Why Rio Tinto Is Shelving The Simandou Project | Nasdaq

Jul 06, 2016· Given the uncertainty over the long-term strength of iron ore prices, Rio Tinto's new management has decided to shelve the Simandou iron ore project. Had Rio Tinto opted to develop the Simandou ...

Rio Tinto shelves iron ore project in Guinea - YouTube

Jul 05, 2016· Global mining giant Rio Tinto has reportedly shelved a 20 billion dollar iron ore project in Guinea, following a sustained slump in the price of the metal. T...

Energy - Rio Tinto Kennecott

By retiring four coal-fired boilers since 2016, we will eliminate 6,000 tons of PM 2.5 and precursors annually from our airshed. This is an important milestone in achieving Rio Tinto…

Glencore snaps up Rio Tinto's Hail Creek coal mine ...

Mar 20, 2018· Glencore is buying Rio Tinto's Hail Creek coal mine and the Valeria coal project in Australia for $1.7 billion, tightening the Swiss trading and mining giant's grip on coal as …

Rio Tinto completes its exit from coal with sale of ...

Mar 28, 2018· The long-anticipated coal exit leaves Rio Tinto focused on iron ore, aluminium, copper and bauxite. UBS analysts said the miner was "now leaner and greener" following the sale of the last coal …

Sengwa Coal Mine | RioZim

Sengwa Coal Mine. Background. Sengwa started out as a JV Agreement between Rio Tinto Zimbabwe Limited and RTZ Mining & Exploration Limited, signed on 22 April 1994. The JV would focus on all activities directed toward ascertaining the existence, location, quality and quantity or commercial value of deposits or products at the Sengwa site.

Rio Tinto partners with InoBat to explore innovative ...

May 25, 2021· In 2020, Rio Tinto approved an investment of almost US$200 million to complete the final phase of study at the Jadar project, which is expected to …

Mining scandals: four incidents that shook the industry

Mar 11, 2019· Then in 2013, coal prices dropped to below $100 per tonne from a peak of $130 per tonne in 2011, severely undermining the project’s financial potential. Managers at the Benga mine said that the project was worth negative $680m, and Rio Tinto wrote off $3.5bn on the operation. The company eventually sold the mine in 2014 for just $50m.

Rio Tinto invests $1.5 billion to continue production at ...

Dec 03, 2019· With this project, Rio Tinto has invested more than $5.0 billion in modernisation, environmental stewardship and mine-life extension initiatives since it acquired Kennecott in 1989. Rio Tinto chief executive J-S Jacques said “This is an attractive, high value and low risk investment that will ensure Kennecott produces copper and other ...

Rio Tinto sells its last Australian coalmine for $2.25bn ...

Mar 28, 2018· Rio Tinto sells its last Australian coalmine for $2.25bn This article is more than 2 years old The sale of the Kestrel mine makes Rio now the only major global company with no coal assets

Rio takes massive loss on Mozambique sale - afr.com

Jul 30, 2014· Rio takes massive loss on Mozambique sale. Rio Tinto has washed its hands of the disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal …

Rio Tinto sells stake at South African anthracite mine

Sep 06, 2016· Rio Tinto acquired the mine in 2010 when the group paid $3.9 billion to take over Riversdale Mining at the height of the global boom in coking coal. Rio Tinto was only interested in acquiring the Mozambique coal assets and resources owned by Riversdale but the deal turned out to be one of the worst the group had ever done because it ended up ...