The multinational company Rio Tinto published its production results for the third quarter of the year, which translates into improved results compared to the second quarter of 2022. Rio Tinto CEO Jakob Stausholm said of the report, “Delivering the full potential of our assets remains a priority: production improved compared to the previous quarter at most of our sites, particularly where we have implemented the Rio Tinto Safe Production System (RTSPS). We advanced our goal of development excellence, commissioning some major projects and progressing the next tranche of Pilbara mines, agreeing to enter into a joint venture with Baowu to develop the Western Range and upgrading the joint venture covering the Rhodes Ridge project in the East Pilbara.”
“We continue to deliver our strategy with decarbonization at its core. Last week we announced a partnership with the Government of Canada to invest up to C$737 million over eight years to decarbonize our Rio Tinto Fer et Titane operations in Quebec, and to position the business as a center of excellence for critical minerals processing,” he added.
Bauxite production of 13.7 million tons was 2% lower than in the third quarter of 2021 due to equipment reliability issues at Gove.
Aluminum production of 0.8 million tons was 2% lower than Q3 2021, and 4% higher than the previous quarter, as the Kitimat smelter continues to ramp up and Boyne smelter cell recovery efforts progress as expected.
On the other hand, mined copper production of 138 thousand tonnes was 10% higher than in the third quarter of 2021 due to higher grades and recoveries at Kennecott, partially offset by lower grades and recoveries at Oyu Tolgoi as a result of planned mine sequencing.
In addition, the Government of Canada is investing up to $222 million over the next eight years through its Strategic Innovation Fund that supports large-scale, transformative and collaborative projects that will help position Canada to thrive in the global knowledge-based economy.
RIO TINTO AND CANADIAN GOVERNMENT PARTNER TO DECARBONIZE RTFT AND BOOST CRITICAL MINERALS PROCESSING
AKZONOBEL REPORTS SECOND QUARTER RESULTS
UNITED STATES STEEL CORPORATION PROVIDES RECORD GUIDANCE FOR SECOND QUARTER 2022
PRIMARY ALUMINUM PRODUCTION IN RUSSIA AND EASTERN EUROPE REBOUNDS IN MARCH
CROWN HOLDINGS ANNOUNCES STRONG FIRST QUARTER 2022 RESULTS
RIO TINTO INVESTS $87 MILLION TO INCREASE ITS LOW-CARBON ALUMINUM PRODUCTION IN CANADA
RIO TINTO AND BLUESCOPE EXPLORE AVENUES FOR LOW-CARBON STEEL PRODUCTION
