Queensland Alumina Limited

Rio Tinto signs Australia’s biggest renewable power deal as it works to repower its Gladstone operations

Retrieved on: 
Tuesday, February 20, 2024
Mining, Minerals, Environment, Alternative Energy, Natural Resources, Green Technology, Energy, Environmental Health, Rio Tinto, Mineral, PPA, Bungaban, Queensland, Queensland Alumina Limited, Carbon, Tinto, Policy, Electricity, Professional, Wind, Renewable energy

Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project.

Key Points: 
  • Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project.
  • Under the new PPA with Windlab, Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years.
  • The PPA is the second renewable power deal signed for Rio Tinto’s Gladstone operations, after the recent agreement signed with European Energy to drive development of the 1.1GW Upper Calliope solar farm.
  • “Windlab is very proud to be partnering with Rio Tinto to support the long-term sustainable future of Rio Tinto’s Gladstone operations.

As Lithium Demand Continues to Rise, the Lithium Market Projected to Reach $6.4 Billion By 2028

Retrieved on: 
Tuesday, February 6, 2024
DLE, Boron, BLM, USD, Bureau, Tesla, Inc., LCE, Webcast, PEA, Rio Tinto, Magnesium, Rio Tinto (corporation), Columbus Basin, PALM, Carbon, Hatch, Metal, Albemarle Corporation, ANT, CRC, OTCQX, Aluminium, ALB, PPA, NPV, Q&A, Technical report, Boardwalk, TSLA, NOI, Yoy, Canter and gallop, Policy, Queensland Alumina Limited, Electricity, Health, Q4, Aircraft, Lithium

The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.

Key Points: 
  • The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.
  • Furthermore, consumer electronics like watches, toys, and remote controls mainly use lithium metal batteries where lithium metal is used as an anode material.
  • Thus, the increasing demand for lithium metal batteries is expected to enhance the market for lithium metal during the forecast period.
  • A recent report from MarketsAndMarkets said that the lithium metal market is projected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a cagr 20.4% from 2023 to 2028.

Rio Tinto to drive development of Australia’s largest solar farm at Gladstone

Retrieved on: 
Tuesday, January 23, 2024
Mining, Minerals, Environment, Alternative Energy, Green Technology, Energy, Natural Resources, Tinto, Wind, Policy, Electricity, PPA, Carbon, Queensland Alumina Limited, Rio Tinto, Renewable energy

Rio Tinto will drive development of Australia’s largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW1 Upper Calliope Solar Farm to provide renewable power to Rio Tinto’s Gladstone operations.

Key Points: 
  • Rio Tinto will drive development of Australia’s largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW1 Upper Calliope Solar Farm to provide renewable power to Rio Tinto’s Gladstone operations.
  • Under a new power purchase agreement (PPA) signed with European Energy Australia, Rio Tinto will buy all power generated from the Upper Calliope solar farm for 25 years.
  • European Energy CEO Erik Andersen said “European Energy is proud to be a strategic partner in this project with Rio Tinto.
  • The Upper Calliope Solar Farm is not just a solar power project; it's a testament to our shared vision for a greener future.

Rio Tinto releases second quarter production results

Retrieved on: 
Thursday, July 14, 2022
Mining, Minerals, Natural Resources, Government, QIT Madagascar Minerals, Safety, Rio Tinto, Copper, TRQ, Record, Oyu Tolgoi mine, Turquoise Hill Resources, Committee, Kennicott, COVID-19, Cell, IOC, Health, Iron Ore Company of Canada, Queensland Alumina Limited, Australian government debt, Workforce, Richards Bay Minerals, EBITDA, Iron ore, Animal, Lithium, Security (finance), Boyne, Weipa

Our all-injury frequency rate of 0.35 is an improvement from the second quarter of 2021 (0.42), and in line with the prior quarter (0.35).

Key Points: 
  • Our all-injury frequency rate of 0.35 is an improvement from the second quarter of 2021 (0.42), and in line with the prior quarter (0.35).
  • Pilbara operations produced 78.6 million tonnes (100% basis) in the second quarter, 4% higher than the second quarter of 2021.
  • While significantly higher than average rainfall in May impacted mine production, continued focus on mine pit health and commissioning of Gudai-Darri supported a stronger second quarter.
  • In the second quarter, we continued to successfully roll out the Rio Tinto Safe Production System (RTSPS) and now have 15 deployments across the business at 11 sites, with 30 rapid improvement projects (Kaizens) either completed or in progress.

Rio Tinto calls for proposals for large-scale wind and solar power in Queensland

Retrieved on: 
Wednesday, June 8, 2022
Natural Resources, Alternative Energy, Energy, Environment, Mining, Minerals, Industry, Queensland Alumina Limited, RFP, Request for proposal, William Ewart Gladstone, Rio Tinto, Group, Tinto, Rio Tinto Aluminium, Queensland Government, Wind, Climate change, Solution, Â, Renewable energy, Central Queensland

Rio Tinto has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its climate change ambitions and further encourage renewable development and industry in the region.

Key Points: 
  • Rio Tinto has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its climate change ambitions and further encourage renewable development and industry in the region.
  • The approach, which is through a formal market Request for Proposals (RFP), is intended to support the development of multiple new wind and solar power projects that can, in parallel with firming solutions, start supplying power to Rio Tintos Gladstone assets through the Queensland grid by 2030.
  • These assets require 1140MW of reliable power to operate, which equates to at least 4000MW of quality wind or solar power with firming.
  • It also follows the signing of a Statement of Co-operation with the Queensland Government to work towards establishing more renewable energy in Central Queensland.

Rio Tinto releases first quarter production results

Retrieved on: 
Tuesday, April 19, 2022
Natural Resources, Manufacturing, Other Manufacturing, Other Natural Resources, Mining, Minerals, Carbon, IOC, Iron Ore Company of Canada, Tax, COVID-19, AGM, Tasmanian Government Railways, Government, Rio Tinto, Kennicott, Fraud, Oyu Tolgoi mine, Workforce, Collective bargaining, Collective agreement, Escondida, Australian Securities and Investments Commission v Rich, Heart, Failure, Copper, RBM, ASIC, Safety, Acquisition, Treaty of friendship and alliance between the Government of Mongolia and Tibet, Rio Tinto (corporation), Richards Bay Minerals, Health, Investment Commission, Disclosure, Queensland Alumina Limited, Bureau Veritas, Iron ore, Lithium, Kitimat, Larix laricina, Turquoise Hill Resources, Bell Bay

Pilbara shipments in the first quarter were 71.5 million tonnes (100% basis), 8% lower than the first quarter of 2021.

Key Points: 
  • Pilbara shipments in the first quarter were 71.5 million tonnes (100% basis), 8% lower than the first quarter of 2021.
  • There is good progress on the initiation of Rio Tinto Safe Production System (RTSPS) at the concentrator.
  • In the first quarter, we initiated seven more deployments of the RTSPS at five sites focusing on sustainably unlocking capacity across the Rio Tinto system.
  • As part of this court approved settlement between ASIC and Rio Tinto, there were no findings of fraud or any systemic or widespread failure by Rio Tinto.