Rio Tinto’s A$2b Boyne Deal Extends Smelting And Supports Low Carbon Shift
Rio Tinto Group (LSE:RIO) has agreed a A$2b support package with the Queensland and Commonwealth governments. The partnership is intended to keep the Boyne aluminium smelter operating through to at least 2040. The deal includes plans to transition the smelter’s power supply toward renewable energy sources over the next decade. For you as an investor, the agreement ties directly into Rio Tinto’s core role as a major aluminium producer and long term operator in Australia. Aluminium is central...
Rio Tinto Group (LSE:RIO) has agreed a A$2b support package with the Queensland and Commonwealth governments. The partnership is intended to keep the Boyne aluminium smelter operating through to at least 2040. The deal includes plans to transition the smelter’s power supply toward renewable energy sources over the next decade. For you as an investor, the agreement ties directly into Rio Tinto’s core role as a major aluminium producer and long term operator in Australia. Aluminium is central...