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Rio Tinto Group (RIO.L)

LSE - LSE Delayed Price. Currency in GBp (0.01 GBP)
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5,042.00-70.00 (-1.37%)
At close: 05:44PM GMT
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  • Reuters

    Rio Tinto gets C$18 million from Canada to decarbonize iron ore processing

    The funding from the government's Low-Carbon Economy Fund will enable Rio Tinto's Iron Ore Company of Canada (IOC) to reduce the amount of heavy fuel oil that is used in the production of iron ore pellets and concentrate. The government funding represents about 25% of the total cost of the project, with IOC funding the rest of the investment, Rio Tinto said. One of the world's largest iron ore producers, Rio expects to reduce about 2.2 million tonnes of greenhouse gas emissions over the lifetime of the project.

  • Reuters

    Rio Tinto gets C$18 mln from Canada to decarbonize iron ore processing

    Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West. The funding from the government's Low-Carbon Economy Fund will enable Rio Tinto's Iron Ore Company of Canada (IOC) to reduce the amount of heavy fuel oil that is used in the production of iron ore pellets and concentrate. The government funding represents about 25% of the total cost of the project, with IOC funding the rest of the investment, Rio Tinto said.

  • Business Wire

    Rio Tinto IOC and Government of Canada partner to decarbonize iron ore processing in Labrador West

    WABUSH, Canada, February 26, 2024--The Government of Canada awarded C$18.1 million from its Low Carbon Economy Fund to Rio Tinto’s Iron Ore Company of Canada (IOC) to support the decarbonization of iron ore processing at its operations in Labrador West.