Why rio tinto

We consider new commodities and products with an understanding of our customers' and communities' needs. We are also mindful of our potential future social and environmental impact as well as the diversity and balance of our portfolio. We assess each potential operation with a focus on risk, potential returns, and long-term sustainability and value.

Once we have approved an investment, we design and build each operation, informed by input from those stakeholders most affected. We aim to develop every potential site to achieve optimal, long-term productivity while minimising risks. We work in partnership with a growing network of stakeholders— governments, communities, customers and suppliers — who help expand our thinking, capabilities, and ultimately our ability to deliver mutual benefit.

A safe site is a productive site, and advanced technologies are playing a more important role in how we achieve both. We share best practices across our assets to create safe, environmentally responsible working practices and a high-performing culture that targets production at lower costs. At the same time, our operations aim to benefit local economies by contributing jobs, taxes and royalties, contracts with local businesses and social and community investment.

We also supported the economic diversification of regions where we are based, in alignment with national and local government plans, ensuring host communities can thrive long after our operations close. Our ambition is for our operations to reach net zero carbon emissions by By understanding and respecting our business partners, employees, communities, and the environment, we can create sustainable value for all our stakeholders. Our minerals and metals are essential to the transition to a low-carbon future and are used in a vast array of everyday products — from cars to coffee pods to smart phones.

Our Commercial team ensure that we align products in line with market and customer needs. And our network of rail, ports and ships means that we can control end-to-end logistics to deliver our products safely, efficiently and reliably.

We aim to design and run our assets to create a positive legacy once our mining activity concludes. We engage stakeholders of our sites nearing closure — including Indigenous peoples, government, employees and host communities — and actively involve them in planning. Applying this approach could entail rehabilitating the land for a nature reserve, for example, or repurposing it for light industrial use.

Each of our sites has rehabilitation plans that we review each year. We see this long-term approach — planning and operating with the future in mind — as integral to running a safe, responsible and profitable business. Meet our Executive Committee. Meet our Board of Directors. With the exception of the use of cookies, Rio Tinto generally does not seek to collect personal data through this website. However if you choose to provide personal data to Rio Tinto through this website for example, by sending us an email , we will process that personal data to answer your query and if relevant, to manage our business relationship with you or your company.

We won't process that personal data for other purposes except where required to meet our legal obligations or otherwise as authorised by law and notified to you. If you choose to subscribe to our media releases or other communications, you can unsubscribe at any time by following the instructions in the email or by contacting us.

With your consent, our website uses cookies to distinguish you from other users of our website. Simandou is a world-class iron ore exploration and mining project located in south eastern Guinea.

The project has completed initial feasibility studies and is pursuing essential mine planning exploration and study work.

Simandou has inferred resources of 2. A number of options are being reviewed to establish the most efficient and economic means of transporting the mined ore from the project.

This was done in accordance with Guinean law that requires that remaining permit area contain at best possible all of the mineralization sites identified by the company during exploration work.

Following that retrocession, the Guinean Government designated Rio Tinto's exploration and mining perimeter land area at km2 through the Convention and Concession. The Simandou concession area is located along kms of the Simandou mountain range in south eastern Guinea. Rio produces aluminium, copper, diamonds, coal, iron ore, uranium, gold and industrial minerals borates, titanium dioxide, salt, talc.

To support and deliver its long term strategy, Rio Tinto structures its medium term activities around the six core strategic pillars:. Rio seeks to expand its business by operating its assets with an emphasis on maximizing efficiency and therefore margins. Rio Tinto has a 95 percent stake in the Simandou project and the International Finance Corporation holds a five percent stake. After the death of long term ruler Lansana Conte in , a military junta under the leadership of Dadis Camara came to power.

Both Conte and Camara have regularly threatened to close down mining companies or to significantly change agreements with the companies. In August , Rio Tinto received correspondence from the Guinean Government purporting to rescind the Concession, the legality of which Rio Tinto questioned. In December , Rio's plans for the project were thrown into disarray when the government stripped it of the northern half of the mining concession, handing it to BSG Resources Guinea, a subsidiary of Israeli businessman Benny Steinmetz's BSG Resources.

Rio has engaged in top level discussions with various stakeholders in an effort to clarify the status of the project. Rio Tinto remains of the view that it has complied with all its obligations in relation to the Concession such that it is entitled to hold and retain the entire Concession. The Pacific project After 32 years, Rio Tinto to fund study of environmental damage caused by Panguna mine.

Three decades after leaving Bougainville as the island descended into civil war, the mining giant will assess impact of its former mine. Published: 21 Jul No more welcome to country for Rio Tinto, Indigenous owners say. Eastern Guruma people refuse to meet with miner for at least three months in protest over dumping of sacred site artefacts. Published: 5 Jul Indigenous investigations WA must toughen laws after revelation Rio Tinto dumped priceless Indigenous artefacts, heritage expert says.

Published: 27 Jun Investors turn ire on firms whose executives are set to cash in. Firms, including some of those that drew heavily on furlough money, now face anger from shareholders over boardroom largesse.

Published: 26 Jun Executive pay: big names that fell foul of shareholders. From supermarket group Morrisons to mining giant Rio Tinto, investors have voted against boardroom payouts in the pandemic.