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RIO Rio Tinto Limited

129.49
0.02 (0.02%)
02 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Rio Tinto Limited ASX:RIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.02% 129.49 129.00 129.90 129.87 128.55 129.40 1,631,814 09:50:00

Rio Tinto to build first solar plant in Western Australia to power iron ore mine

16/02/2020 11:03pm

Business Wire


Rio Tinto (ASX:RIO)
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Rio Tinto has approved a $98 million (100 per cent basis) investment in a new solar plant at the Koodaideri mine in the Pilbara, Australia, as well as a lithium-ion battery energy storage system to help power its entire Pilbara power network.

The 34 megawatt solar photovoltaic plant is expected to supply all of Koodaideri’s electricity demand during peak solar power generation times and approximately 65 per cent of the mine’s average electricity demand.

The plant, Rio Tinto’s first company-owned solar facility, will consist of an estimated 100,000 panels, covering an area of 105 hectares. Construction is expected to begin later this year, subject to government approvals, and is due to be completed in 2021.

Complementing it will be a new 12MWh battery energy storage system in Tom Price that will provide spinning reserve generating capacity to support a stable and reliable network.

The solar plant and battery are estimated to lower annual carbon dioxide emissions by about 90,000 tonnes compared to conventional gas powered generation. This is the equivalent of taking about 28,000 cars off the road.

Rio Tinto Iron Ore chief executive Chris Salisbury said “The construction of our first solar plant in the Pilbara is a significant milestone for the business and an important step in reducing our carbon footprint in the region.

“We are investigating additional renewable energy options in the Pilbara, as well as other opportunities to reduce emissions across our entire global portfolio, building on the 43 per cent reduction in absolute greenhouse gas emissions since 2008.”

Rio Tinto is working to define new emissions reduction targets from 2020 as part of our transition to a lower carbon world.

Notes for editors

Koodaideri, 100 per cent owned by Rio Tinto, is located approximately 35 kilometres north-west of Rio Tinto's Yandicoogina mine site, and about 110 kilometres from the town of Newman.

Funding for the solar plant and battery sits within Rio Tinto’s existing guidance for sustaining capital expenditure for its iron ore business.

The $2.6 billion Koodaideri mine was approved in November last year with construction commencing earlier this year. Production capacity will be 43 million tonnes annually with first production is expected to commence by the end of 2021.

Rio Tinto's Weipa operation in Queensland sources power from an on-site solar facility.

media.enquiries@riotinto.com riotinto.com

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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

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

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

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

Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885

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: Pilbara

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