Rio Tinto to invest $165 million in Quebec aluminum smelter renovation
The miner asaid it will offset the carbon emissions related to the construction project through initiatives like planting trees near the aluminium smelter.
The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went ballistic.
Chinese rules and regulations alongside resistance from competitor Shanghai Futures Exchange have frustrated LME's attempts to expand its network to China.
Once developed and approved, the Upper Calliope solar farm will have the potential to cut down Rio's operating carbon emissions by 1.8 million tonnes per year.