Rio Tinto Plc (RIO.L), (RIO.AX) said on Tuesday it would buy the Rincon lithium project in Argentina for $825 million as the global miner builds its battery materials business. Rio’s purchase comes at a time when lithium is in strong demand globally as a vital ingredient in batteries for electric cars, while another expected mining […]
Rio Tinto announces bold $7.5 bln spend to halve carbon emissions by 2030
MELBOURNE : Anglo-Australian miner Rio Tinto (RIO.AX) announced on Wednesday a $7.5 billion plan to reduce carbon emissions by 50% by 2030, a reduction three times greater than its previous target, but shares fell as investors reacted to the higher spend. As steel and iron ore producers continue their push to cut carbon emissions in […]
