Rio Tinto Share Discussion Threads

[philanderer] 11/7/2024 10:56

Date: Tuesday, 16 July 202416 July 2024

Event title:

2024 Second Quarter Operations Review

Sydney 08:30 | London 23:30 (15 July)

[philanderer] 08/7/2024 10:22

Jefferies raises Rio Tinto price target to 6,400 (6,000) pence - 'buy'

[philanderer] 04/7/2024 10:20

Barclays raises Rio Tinto price target to 6,150 (6,000) pence - 'overweight'

[craftyale] 03/7/2024 14:16

Adding last week seems to have paid off. Copper and iron ore up slightly. Some good news out of Quebec.

[nick100] 02/7/2024 19:13

Rio Tinto completes construction of its solar power plant at Diavik Diamond Mine Rio Tinto’s Diavik Diamond Mine has completed installation of its 3.5 megawatt capacity solar power plant in Canada’s Northwest Territories. The project represents the largest off-grid solar power plant across Canada’s territories.

The 6,620-panel facility is expected to generate 4.2 million kilowatt-hours of solar energy annually, reducing diesel consumption at Diavik by one million litres per year and cutting greenhouse gas (GHG) emissions by 2,900 tonnes of CO(2) equivalent. This is comparable to removing 630 cars from the road each year.

The solar power plant will provide up to 25% of Diavik’s electricity during closure work, with commercial production at the mine expected to end in 2026 and closure to run until 2029. The facility is equipped with bi-facial panels which not only generate energy from direct sunlight, but also from the light that reflects off the snow that covers Diavik for most of the year.

The solar project complements a wind power plant at Diavik, which has been operating since 2012 and is the largest wind power installation in Canada’s North, having generated over 195 million kilowatt-hours of electricity since activation.

Chief Operating Officer of Diavik Diamond Mine Matthew Breen said: “The largest off-grid solar power plant in Canada’s North is our latest commitment to the environment we live and work in, and will improve the energy efficiency of our operations at Diavik. We are proud to lead the way for large-scale renewable energy projects in Canada’s North.” The project was supported by C$3.3 million in funding from the Government of the Northwest Territories’ Large Emitters GHG Reducing Investment Grant Program.

It is the first project in the Northwest Territories to benefit from funding from the Large Emitters Grant, which sets aside a portion of carbon tax paid by large operations such as Diavik for projects that commit to GHG reduction projects in the territory.

Northwest Territories’ Minister of Infrastructure Caroline Wawzonek said: “I commend Rio Tinto for the completion of the largest off-grid solar plant in Canada’s North at the Diavik mine. The project demonstrates Rio Tinto’s leadership when it comes to reducing emissions, and signals potential for leadership in the renewable energy sector in and by the North. The Government of the Northwest Territories is proud to have contributed to the project through the Large Emitters GHG Reducing Investment Grant program, which provides funding to industry to reduce emissions as part of our made-in-the-NWT approach to the federal carbon tax.” Construction began in February 2024, contracted to Whitehorse-based Solvest Inc. and the Indigenous-owned Tłıchǫ; Investment Corporation, with support from Diavik. Approximately 30% of the construction workforce came from the Tłıchǫ; Investment Corporation.

CEO of Solvest Inc. Ben Power said: “Building off the success of their wind farm constructed in 2012, Diavik has taken another significant step forward in demonstrating the viability of renewable energy for Northern and off-grid mines. Solvest is proud to have had the opportunity to work with our partners at Tłıchǫ; Investment Corporation to construct the largest off-grid solar power plant in Canada’s North. We believe this project provides a blueprint to facilitate the integration of solar into mines across Canada and in Northern regions.” Diavik is working with the Government of the Northwest Territories and community partners to determine how its renewable energy infrastructure can best benefit the region following closure.

Rio Tinto is progressing decarbonisation initiatives across its global operations, with the aim of reducing its Scope 1 and 2 GHG emissions by 50% by 2030 and to achieve net zero across its operations by 2050.

[philanderer] 28/6/2024 17:42

So this was the news out of Canada..


MONTRÉAL, Canada - Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec, Canada, using the first technology licence issued by the ELYSIS joint venture. This investment will support the ongoing development of the breakthrough ELYSISTM technology and allow Rio Tinto to build expertise in its installation and operation.

[lammergeier] 28/6/2024 08:06

hxxps://www.msn.com/en-au/lifestyle/misc/could-this-move-unlock-40-billion-for-rio-tinto-shares/ar-BB1p2p8t?ocid=BingNewsSerp

[philanderer] 28/6/2024 00:17

Not sure what this is about

3pm uk time tomorrow


Governments of Canada and Quebec to make an announcement about Rio Tinto’s aluminium production



June 27, 2024 – Saguenay, Quebec

The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, Pierre Fitzgibbon, Quebec Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region, Andrée Laforest, Minister of Municipal Affairs and Minister Responsible for the Saguenay–Lac-Saint-Jean Region, and Sébastien Ross, Managing Director of Atlantic Operations at Rio Tinto Aluminium, will participate in a press conference on Rio Tinto’s aluminium production.

Date: Friday, June 28, 2024

Time: 10 am (ET)

Location: Saguenay, Quebec

[lammergeier] 27/6/2024 15:56

For all those wishing to invest,take some encouragement from this recent article.

A major shareholder down under also thinks they are trading 40% belw their peers in

Australia.With a high Div. yield and low debt it should be trading a lot higher.

Maybe the shorters are responsible for its £6 drop recently?

[tuftymatt] 27/6/2024 10:34

Yeah we were at 5800 a month ago!!

Good luck all 👍🏻

[garycook] 27/6/2024 10:12

5,800p will do. But RIO will be more than that,when Miners recover. Also BHP,and GLEN !

[philanderer] 27/6/2024 10:00

Berenberg cuts Rio Tinto to 'hold' (buy) - price target 5,800 (5,900) pence

[philanderer] 25/6/2024 15:00

Crafty , joined you. Added a few. :-)

[craftyale] 24/6/2024 22:10

Bought a few more. It's a bit quiet on this thread. Come on, top up everyone. :))

[craftyale] 17/6/2024 16:34

May add around these levels, see what the week brings.

[tuftymatt] 17/6/2024 14:48

Yeah it's been a tough 5 weeks or so in this sector that's for sure.

Still investing for the long term is just that and eventually the turn will come as the world needs what these companies pull from the ground.

Good luck all 👍🏻

[philanderer] 17/6/2024 13:52

In London, miners struggled on the back of mixed China data. China is a major buyer of minerals. Rio Tinto fell 1.7%, Glencore gave back 1.5% and Anglo American lost 1.0%

[goldgeezer] 17/6/2024 13:42

Happy clappy left clowns trying to destroy economies and hand the world to China. They've not no good ideas, just whinge and protest.

[goldgeezer] 16/6/2024 11:05

Perhaps a Serbian official made the GBP27M trade announced at 4:35 on Friday.