Rio Tinto Restart At Zulti South Extends Mineral Sands Supply Story
Rio Tinto Group (LSE:RIO) is resuming the Zulti South project at Richards Bay Minerals in South Africa after a suspension that started in January 2020. The company plans to invest $473 million in the restart, with the project expected to extend the operational life of Richards Bay Minerals through to 2050. The decision affects Rio Tinto’s mineral supply plans, regional footprint, and long-term role in critical raw materials. Rio Tinto is a global mining group with exposure to iron ore,...
Rio Tinto Group (LSE:RIO) is resuming the Zulti South project at Richards Bay Minerals in South Africa after a suspension that started in January 2020. The company plans to invest $473 million in the restart, with the project expected to extend the operational life of Richards Bay Minerals through to 2050. The decision affects Rio Tinto’s mineral supply plans, regional footprint, and long-term role in critical raw materials. Rio Tinto is a global mining group with exposure to iron ore,...