Articles for tag: Australia, biofuel, completes, Rio, Tinto, trial

March 9, 2025

Ron Finklestien

mining

Rio Tinto Successfully Concludes Maiden Biofuel Trial in Australia

Rio Tinto Completes Initial Biofuel Trial to Decarbonize Operations Rio Tinto (ASX, LON: RIO) announced on Wednesday the successful completion of its first biofuel trial across its network of ports, railways, and mines in Western Australia. This initiative is part of the company’s strategy to decarbonize its iron ore operations. The trial was carried out over four weeks, from January to February, in collaboration with Neste, a Finland-based renewable diesel producer, and Australian fuel supplier Viva Energy. During the trial, Neste provided 10 million litres of renewable diesel sourced from used cooking oil. The fuel was transported from Singapore to

October 10, 2024

Ron Finklestien

mining

Rio Tinto’s Strategic Move to Acquire Arcadium Elevates its Lithium Standing

A Game-Changing Acquisition Rio Tinto, the second-largest miner globally, has announced its acquisition of United States-based lithium company Arcadium for $5.85 per share—a substantial 90% premium over Arcadium’s recent stock closing price of $3.08 on October 4. Rio Tinto’s New Lithium Frontier By purchasing Arcadium, Rio Tinto sets its sights on becoming one of the top lithium producers worldwide, trailing only behind Albemarle and SQM. The deal will grant Rio Tinto access to lithium mines in Argentina and Australia, coupled with processing facilities spanning the US, China, Japan, and the UK. Notably, its client roster includes industry heavyweights like Tesla,

May 30, 2024

Ron Finklestien

mining

BHP, Rio Tinto to fast-track electric haul truck trials

Caterpillar and Komatsu will each provide two trucks to both mining giants for these trials. BHP will trial the Caterpillar trucks, while Rio Tinto will test the Komatsu trucks. The CAT 793 trucks’ trails will be begin in the second half of 2024. The two Komatsu 930 haul trucks will be tested from 2026. “There is no clear path to net zero without zero-emissions haulage, so it’s important that we work together to get there as quickly and efficiently as we can,” Rio Tinto Iron Ore boss, Simon Trott, said in a statement. “Operational decarbonization relies on breakthroughs in technology

April 23, 2024

Ron Finklestien

mining

Rio Tinto donates $875,000 to Missouri University to research critical minerals recovery from waste

 “There is currently little-to-no production of these two elements in the United States, and we rely to an alarming extent on importing them,” Alagha says. “If successfully implemented, our research could lead to a much stronger domestic supply of these important resources.”  She says recovering gallium and germanium from the wastes created when processing copper is an unconventional approach, but this type of out-of-the-box thinking is necessary for the U.S. to have a more resilient supply of critical minerals.  Both gallium and germanium are more often recovered as a byproduct of other metal refining process, such as with aluminum, zinc and lead, but

April 23, 2024

Ron Finklestien

mining

Rio, Eramet seek winning Chile’s lithium mining tech deals

“It is crucial for Enami to learn about processes that contribute to the creation of projects with the lowest possible environmental impact,” the ore-processing company said in a statement. “We seek to collaborate in the construction of a sustainable future, where the production of critical minerals plays a key role in the energy transition and development,” it added. Enami will now consider carrying out tests with one or more of the bidding companies, it said.  The Chilean miner is one of two entities assigned to represent the state under President Gabriel Boric’s new public-private model for tapping the country’s lithium reserves,

April 20, 2024

Ron Finklestien

mining

Rio Tinto’s Emphasis on Developing Copper Mines over Acquisitions Rio Tinto’s Emphasis on Developing Copper Mines over Acquisitions

Amidst the fervor of copper production expansion, Rio Tinto is steering its focus towards the development of mines in Mongolia, Utah, and beyond, amplifying its global exploratory endeavors. The mining giant has forged a noteworthy partnership with Codelco, the titan of copper production based in Chile, marking a strategic move in the lucrative realm of copper mining. Asserting an organic growth trajectory, Arnaud Soirat, Rio Tinto’s impending chief commercial officer, underlines a future rooted in advancing in-house production. “For us, the focus is organic growth, supply growth and where in projects can we partner rather than necessarily acquiring an existing