Rio Tinto JV Tomago plans A$1.1b green power push
RIO TINTO PLC reported several updates.
Rhea-AI Filing Summary
RIO TINTO PLC reported several updates. Rio Tinto plc issued and allotted 12,006 ordinary shares between 1 July and 31 July 2026 under its Global Employee Share Plan. After this, issued share capital comprised 1,256,050,704 ordinary shares, of which 897,389 are held in treasury, giving 1,255,153,315 voting rights as of 31 July 2026.
Rio Tinto highlighted its role in Tomago Aluminium, an independently managed joint venture in which it holds 51.55%. Tomago Aluminium agreed a 10‑year power purchase agreement extending electricity supply to 2038, with power from 100% renewable sources from 2033. Tomago plans A$1.1 billion of investment to 2038, including A$100 million for decarbonisation, and expects a reduction of 7.1 million tonnes of Scope 1 and 2 operating carbon emissions per year once fully supplied by renewables. The smelter can produce up to 590,000 tonnes of aluminium annually and directly employs about 1,000 people.
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Key Terms
power purchase agreement (PPA) financial
Scope 1 and 2 operating carbon emissions technical
dual listed companies (‘DLC’) merger financial
demand response services technical
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