Finding better ways to provide the materials the world needs
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The drive for innovation and continuous improvement is at the heart of our purpose
Business Strategy
Climate change is at the heart of our business strategy
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We supply the metals and minerals used to help the world grow and decarbonise
Iron Ore
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
Copper
Tough but malleable, corrosion-resistant and recyclable, and an excellent conductor of heat and transmitter of electricity
Bringing to market materials critical to urbanisation and the transition to a low-carbon economy
Oyu Tolgoi
One of the most modern, safe and sustainable operations in the world
Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world’s largest untapped high-grade iron ore deposit
Providing materials the world needs in a responsible way
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We’re targeting net zero emissions by 2050
Tailings
Details of our tailings facilities can be found on our interactive tailings disclosure map
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We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
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Investment in high integrity ACCUs
While prioritising our decarbonisation programmes, we are investing in high quality carbon credits
Reducing titanium oxide's carbon footprint
Our BlueSmelting technology could drastically reduce carbon emissions during ore processing
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LONDON--(BUSINESS WIRE)-- Rio Tinto notes Turquoise Hill Resources’ (TRQ) publication of its ‘2020 Oyu Tolgoi Technical Report’ (2020 OTTR) in relation to the Oyu Tolgoi (OT) project in Mongolia. The 2020 OTTR has been prepared and published by TRQ in compliance with their Canadian listing obligations (National Instrument 43-101 – Standards of Disclosure for Mineral Projects) and provides an update on scientific and technical information related to OT. The obligation to publish the 2020 OTTR was triggered by TRQ’s disclosure on 2 July, 2020, of updated Mineral Resources and Ore Reserves for OT, reflecting the new mine design for Panel 0 of the underground development.
All estimates are subject to potential changes once Rio Tinto completes the definitive estimate, which is still expected later in 2020. Rio Tinto continues to target first sustainable production from the OT underground project between October 2022 and June 2023 and development capital of $6.6 to $7.1 billion, based on the updated mine design of Panel 01. These estimates remain subject to any scheduling delays or increases in capital costs arising from the impacts of the COVID-19 pandemic.
This announcement is authorised for release to the market by Rio Tinto’s Group Company Secretary.
1 The level of accuracy of these estimates is preliminary in nature and subject to a range of variables, in line with previous guidance. The confidence level of these estimates is at a level associated with a Pre-Feasibility Study, and further work is required between now and the second half of 2020 to refine the mine design options and study them to a level of confidence and accuracy associated with Feasibility Study quality estimates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200828005376/en/
media.enquiries@riotinto.com riotinto.com
Media Relations, United Kingdom Illtud Harri M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 Media Relations, Americas Matthew Klar T +1 514 608 4429 Media Relations, Asia Grant Donald T +65 6679 9290 M +65 9722 6028 Media Relations, Australia Jonathan Rose T +61 3 9283 3088 M +61 447 028 913 Matt Chambers T +61 3 9283 3087 M +61 433 525 739 Jesse Riseborough T +61 8 6211 6013 M +61 436 653 412 Investor Relations, United Kingdom Menno Sanderse T: +44 20 7781 1517 M: +44 7825 195 178
David Ovington T +44 20 7781 2051 M +44 7920 010 978 Clare Peever M: +44 7788 967 877 Investor Relations, Australia Natalie Worley T +61 3 9283 3063 M +61 409 210 462
Amar Jambaa T +61 3 9283 3627 M +61 472 865 948 Group Company Secretary Steve Allen Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 Joint Company Secretary Tim Paine Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 Category: Oyu Tolgoi
Source: Rio Tinto
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