Rio Tinto
Rio Tinto increased iron ore supply by 16% y/y in the first quarter

Compared to the fourth quarter of 2022, shipments decreased by 6%
China’s Baowu Steel seeks to expand ties with Rio Tinto

In 2022, the companies created a joint venture to develop the Western Range project
Rio Tinto in 2022 kept iron ore shipments at the level of 2021

In 2021, iron ore production increased by 1% y/y – 324.1 million tons
China’s new state agency will become a powerful buyer of iron ore

CMRG consolidates raw material purchases of about 20 of the largest Chinese steel producers

Rio Tinto
Rio Tinto to invest $600 million in the development of renewable energy in the Pilbara

Investments will be directed to the construction of two solar power plants with a capacity of 100 MWh and a battery for 200 MWh
Rio Tinto increased iron ore shipments by 4% in the third quarter of 2022

The company confirmed the iron ore shipment forecast for 2022 at the level of 320-335 million tons

Rio Tinto and Scania have agreed to develop unmanned quarry dump trucks

Rio Tinto plans to phase out new diesel dump trucks by 2030
Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Rio Tinto increased iron ore shipments by 12% in Q2 2022

Ore mining in April-June increased by 10%, reaching 78.6 million tons

Why sanctions against Russian steel export didn’t work

Voluntary exclusion of Russian products from the supply chain of companies can be more significant than country-level sanctions