Rio Tinto to strengthen performance, decarbonise and grow
20 Octubre 2021 - 12:21AM
Business Wire
Today, Rio Tinto is outlining the actions being taken to
strengthen the business and improve performance. It is also
unveiling a longer-term strategy to ensure it thrives in a
decarbonising world and continues to deliver attractive shareholder
returns, in line with its policy.
The deployment of the Rio Tinto Safe Production System is
underway to ensure the Group regains its position as Best Operator.
The Group is combining systematic long-term programmes with rapid
improvement activities targeted at bottlenecks in order to reduce
operational variability and increase resilience.
Governments are setting more ambitious targets and accelerating
actions on climate change. Society at large is also demanding
companies take more action to decarbonise. To meet the challenge,
stay relevant and capture the opportunity Rio Tinto is raising its
ambition and taking actions.
The Group is unveiling a new target to reduce its Scope 1 &
2 carbon emissions by 50 per cent by 2030, more than tripling its
previous target. A 15 per cent reduction in emissions is now
targeted for 2025, five years earlier than previously. These
targets are supported by around $7.5 billion of direct investments
to lower emissions between 2022 and 2030.
In recognition of the broader carbon footprint of the
commodities it produces, Rio Tinto will accelerate its investment
in R&D and development of technologies that enable its
customers to decarbonise. Working in partnership with governments,
suppliers, customers, academia and others Rio Tinto will continue
to develop technologies like ELYSISTM for carbon-free aluminium and
multiple pathways to produce green steel.
To meet additional demand created by the global drive to net
zero emissions, Rio Tinto will prioritise growth capital in
commodities vital for this transition with an ambition to double
growth capex to about $3 billion a year from 2023.
Rio Tinto can decarbonise, pursue growth and continue to deliver
attractive returns to shareholders due to its strong balance sheet,
world-class assets and focus on capital discipline.
Rio Tinto Chief Executive Jakob Stausholm said “Rio Tinto is
taking action to strengthen our business and improve our
performance by unleashing the full potential of our people and
assets, working in partnership with a broad range of
stakeholders.
“All our commodities are vital for the energy transition and
continue to benefit from ongoing urbanisation. We have a clear
pathway to decarbonise our business and are actively developing
technologies that will enable our customers and our customers’
customers to decarbonise.
“We are able to do this, while continuing to provide attractive
returns to our shareholders in line with our policy, because we
have a strong balance sheet and world-class assets that deliver
strong free cash flows through the cycle.”
Key points from the presentation include:
- Rio Tinto is targeting a 50% reduction in scope 1&2
emissions by 2030 and a 15% reduction by 2025 from a 2018 baseline
of 32.6Mt (CO2 equivalent – equity basis).
- ~$7.5 billion in direct capital expenditure decarbonising Rio
Tinto’s assets from 2022 to 2030, with a focus on renewable power
for iron ore in the Pilbara and for the Australian aluminium
smelters, including $0.5 billion per year from 2022 to 2024.
- ~$200 million of incremental operating expenditure on building
new capabilities, energy efficiency initiatives and R&D.
- Overall capital guidance of ~$7.5 billion in 2021 (unchanged),
~$8 billion in 2022 (previously ~$7.5 billion) and an ambition to
spend between $9 billion and $10 billion per year in 2023 and 2024.
This includes sustaining capital of ~$3.5 billion a year
(previously $3.0-3.5 billion), of which $1.5 billion a year relates
to Pilbara Iron Ore.
Iron ore
- Medium-term Pilbara iron ore system capacity of between 345
million and 360 million tonnes per year (on a 100% basis)1.
- Decarbonisation of the Pilbara will be accelerated by targeting
the rapid deployment of 1GW of wind and solar power. This would
abate around 1 million tonnes of CO2, replace natural gas power for
plant and infrastructure and support early electrification of
mining equipment.
- Full electrification of our Pilbara system, including all
trucks, mobile equipment and rail operations, will require further
gigawatt-scale renewable deployment and advances in fleet
technologies.
- Options to provide a greener steelmaking pathway for Pilbara
iron ore are being investigated, including with biomass and
hydrogen.
Aluminium
- Rio Tinto Aluminium is the most profitable integrated aluminium
business with an advantaged position in renewable energy.
- Options are progressing to switch the Boyne Island and Tomago
smelters in Australia to renewable energy, which will require an
estimated ~5GW (equity basis) of solar and wind power, along with a
robust firming solution.
- A potential attractive structural change in the aluminium
market driven by continued demand growth and supply-side
constraints including ongoing pressures on fossil-fuel sourced
energy.
- Development of ELYSISTM to eliminate carbon emissions from the
smelting process is progressing, with commercial scale technology
on track for 2024.
1 Mid-term defined as upon completion of the next tranche of new
and replacement mines including Western Range, Bedded Hill Top and
Hope Downs 2 and Brockman Syncline to reach and sustain capacity.
These mines are expected to start commissioning from 2025. To reach
and sustain the upper end of the range requires the next tranche of
replacement mines due between 2025 and 2027.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211019006262/en/
Please direct all enquiries to
media.enquiries@riotinto.com
Media Relations, UK
Illtud Harri M +44 7920 503 600
David Outhwaite M +44 7787 597 493
Media Relations, Americas
Matthew Klar T +1 514 608 4429
Media Relations, Australia
Jonathan Rose M +61 447 028 913
Matt Chambers M +61 433 525 739
Jesse Riseborough M +61 436 653 412
Investor Relations, UK
Menno Sanderse M: +44
7825 195 178
David Ovington M +44 7920 010 978
Clare Peever M +44 7788 967 877
Investor Relations, Australia
Natalie Worley M +61 409 210 462
Amar Jambaa M +61 472 865 948
Rio Tinto plc
6 St James’s Square London SW1Y 4AD United Kingdom
T +44 20 7781 2000 Registered in England No. 719885
Rio Tinto Limited
Level 7, 360 Collins Street Melbourne 3000 Australia
T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
riotinto.com
This announcement is authorised for release to the market by
Steve Allen, Rio Tinto’s Group Company Secretary.
Category: general
Rio Tinto (ASX:RIO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rio Tinto (ASX:RIO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024