Business Description

Rio Tinto carries out the exploration, mining, and processing of various mineral resources. Its portfolio of products includes aluminum, copper, diamonds, industrial minerals (borax, titanium dioxide, and salt), gold, iron ore and uranium.

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R&D Overview

Research and development (R&D) focus on discovering new minerals and metals by capitalizing on new technologies, which could deliver the projects and optimize its operations. It also entered into a partnership with ELYSIS and completed the construction of the Research & Development Center at Complexe Jonquiere in Saguenay, Quebec, Canada. In FY2021, it spent US$65 million on R&D, which accounted for 0.1% of the company’s revenue.

Business Segments

Overview

Produces bauxite, alumina, and aluminum. Operates fully-integrated facilities, including bauxite mines, large-scale alumina refineries, and aluminum smelters. Also, operates mines and smelters in Australia, Brazil, France, Canada, Guinea, Iceland, New Zealand and Oman. Mining assets include CBG Sangaredi, Gove, Weipa/Ely and MRN Porto Trombetas. Some of its refinery assets include Amrun, Yarwun, Porto Trombetas, Alouette, Arvida, Kemano, Dunkerque, Sangaredi, ISAL and Sohar. Operates R&D facilities in France, Canada and Australia.

Performance

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Overview

Offers mineral products such as copper and by-products of copper such as gold, silver and molybdenum. Owns interests in copper-gold mines at Kennecott, Oyu Tolgoi, Escondida, and Grasberg, in Chile, Indonesia, Mongolia, and the US. Also, carries out production, mining, manufacturing, selling and marketing of diamonds. Diamond mining asset comprises the Diavik Diamond Mine in Canada. Focuses on producing high-quality gems from Diavik mine until 2025.

Performance

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Overview

Comprises mining and refining operations of borates and uranium. Operates processing plants, and commercial and research facilities. Also, operates borates refineries and shipping facilities in the US, Australia, Guinea, Canada, Madagascar, Mozambique, Namibia, Serbia and South Africa. Produces industrial salt by solar evaporation of seawater at Dampier and Port Hedland, and from underground brine at Lake MacLeod. Operates Simandou iron ore project in Guinea; a concentrator and pelletizing plant in Newfoundland and Labrador; port facilities in Sept-lles; and a railroad that connects the mine to the port. Also, carries out high-grade titanium dioxide feed stocks; and operates other refineries such as Richards Bay Minerals (RBM) in South Africa; and QIT Madagascar Minerals (QMM) in Madagascar. Focuses on completing the Wabush 3 open-pit mine at the Iron Ore Company of Canada (IOC). Also, intends to maximize the productivity of the furnaces in operation, and restart idle furnaces for improving value over volume. Plans to carry out feasibility study for expanding Zulti South mine at RBM.

Performance

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Overview

Supplies seaborne iron ore and operates integrated iron ore mines at Pilbara regions in Western Australia. Operates port facilities, a privately-owned heavy freight railway in Australia, and supporting infrastructure including the Operations Center in Perth. Major mining assets include Brockman 2, Brockman 4, Marandoo, Nammuldi, Mount Tom Price, Paraburdoo, Silvergrass, Western Turner Syncline and Yandicoogina. Also, carries out salt and gypsum production in Western Australia.

Performance

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Overview

Comprises the company’s exploration, and technology and innovation business groups. Operates projects such as AutoHaul and Oyu Tolgoi. Intends to support industrial and operational technology to enhance profitability.

Performance

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Geographical Segments

Target Markets

India, Singapore, Malaysia, Indonesia, Hong Kong, Mongolia, Kazakhstan, Laos and Philippines

Performance

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Performance

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Performance

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Performance

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Target Markets

Germany, Sweden, the Netherlands, Italy, Serbia, Turkey, Belgium, Bermuda, Spain, Jersey, France, Luxembourg, Iceland, France and Switzerland

Performance

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Performance

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Target Markets

Mozambique, Peru, Chile, Gabon, Zambia, Brazil, Mexico, Venezuela, New Zealand, Papua New Guinea, Madagascar, Namibia, South Africa, Mauritius, UAE, Russia, Republic of Korea, Morocco

Performance

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Performance

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Performance

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