Rio Tinto to spend $9.4 billion on Simandou

January 24, 2024

Rio Tinto held its 2023 investor seminar on December 6, where executives provided updates on the company’s long-term strategy to strengthen operations and continue decarbonisation.


Notably, the major miner announced its initial share of capital expenditure to build blocks 3 and 4 of the Simandou iron ore mine, alongside associated rail and port infrastructure, will cost about $US6.2 billion ($9.4 billion).


“We are continuing to work closely with the Government of Guinea, Chinalco, Baowu and WCS towards full sanction of this world-class project by all partners,” Rio Tinto executive committee lead for Guinea Bold Baatar said.


“Simandou will deliver a significant new source of high-grade iron ore that will strengthen Rio Tinto’s portfolio for the decarbonisation of the steel industry, along with trans-Guinean rail and port infrastructure that can make a significant contribution to the country’s economic development.”


Alongside the major iron ore move, Rio Tinto’s market outlook highlighted how it could capitalise on commodity demands driven by decarbonisation, including its copper equivalent production being expected to increase by four per cent between 2022–35.


To meet the demand, Rio Tinto’s share of capital investment is expected to be about $10 billion per year from 2024­­–26, including up to $3 billion per year of growth investment.


The largest investment over the next three years is expected to be Rio’s equity share of the Simandou project once it’s approved by the company board.


The remaining investment will focus on other copper and lithium projects, some of which are currently awaiting approvals.


“We strongly believe we are well positioned in an opportunity-rich world,” Rio Tinto chief executive officer Jakob Stausholm said. “There has never been greater demand for what we do, from mining to processing, and the work we are doing today is creating a stronger Rio Tinto for years to come.”


Stausholm praised the company’s progress in achieving and sustaining mid-term annual capacity of 345–360 million tonnes from Rio’s Pilbara iron ore business, including a pre-feasibility study for the Rhodes Ridge project currently underway.


He also highlighted the production ramp up at the Oyu Tolgoi mine in Mongolia, which is expected to deliver an average 500,000 tonnes of copper per year during the 2028–36 period.


“The performance at our Pilbara iron ore and Oyu Tolgoi copper operations shows our path towards becoming (the) best operator, and we are focused on driving continuous improvement across our global portfolio,” he said.


Earlier this week, Rio Tinto and Giampaolo Group signed a deal to form the Matalco recycled aluminium joint venture in Canada.


“We are making real progress in shaping our portfolio for the future, through entering new markets like recycled aluminium in North America, developments in technology and one of the most exciting exploration pipelines we’ve had for many years,” Stausholm said.


“Our purpose and long-term strategy make more sense than ever, as we ensure Rio Tinto remains a strong investment proposition. Profitable growth enables us to invest for the future while also paying attractive returns.”


Like last year, Rio Tinto remains committed to meeting its decarbonisation goal of halving its Scope 1 and 2 emissions by 2030 and to reach net-zero by 2050, and it updated its total capital guidance on decarbonisation to $5–6 billion for the period to 2030, having been about $7.5 billion previously.



“This reflects factors including the use of commercial partnerships outside of capital expenditure, such as renewable power purchase agreements and biofuel contracts, to accelerate decarbonisation, and aligning the timing of investment in the second phase of Pilbara renewable infrastructure to beyond 2030 when it will be needed to support fleet electrification,” the company said.



Source: https://www.australianmining.com.au/rio-tinto-to-spend-9-4-billion-on-simandou/

July 8, 2024
Dendra has evolved its aerial seeding technology to the point that it can cover up to 44 hectares per day – a 10-fold increase in just a decade. The Australian mining industry is beginning to understand the gravity of the environmental, social and governance (ESG) movement and what it means for a company’s bottom line. Regulators, investors and other stakeholders are increasingly taking ESG into account when making decisions that affect a mine’s financing and development. Dendra is enabling ESG compliance in the local resources sector by empowering miners and contractors to implement better ecosystem-restoration practices, leading to improved land treatment and relationships with Traditional Owners. As an important component of ecosystem restoration, aerial seeding sees drone fleets disperse various seed types and combinations onto disused mining areas, providing the foundation for ecosystem restoration, reducing erosion hazards, and suppressing the growth of invasive plant species. Aerial seeding usurps traditional ‘boots-on-the-ground’ methods, with drones able to seed larger and harder-to-access areas faster. In fact, Dendra is able to seed up to 44 hectares per day through its current aerial seeding processes – a 10-fold scale increase from a decade ago. Dendra has not only been able to expand the scale of its offerings but also improve the quality of its technology to handle a wider range of seed types. “In Australia, seed types range from grains to grass and everything in between,” Dendra engineering group manager Ashwin Chandrasekaran told Australian Mining. “This is where Dendra comes in – we’ve pioneered new technology that can help spread far more fibrous and difficult seed types. And we do this with a focus on operational safety and efficiency.” Dendra Australia engineering manager Alec Lewandowski said Dendra’s technology is ever evolving. “We are always adapting our system to new seed types,” he told Australian Mining. “When we receive a seed that’s outside of our capability, we perform some R&D (research and development) and get the system working again to a good level. “This is a testament to how our company works; no matter the customer request, we push to make it work.” Dendra sees new capabilities entering the drone technology sector all the time. It’s one thing to adopt a new technology, but it’s another thing to adapt it. “Every year new aircraft enters the market that has more agility or carries heavier weights,” Chandrasekaran said. “Dendra builds a system that can adapt to these aircraft. Just because an aircraft can carry ‘X’ amount of weight doesn’t mean it is better, because you still need to be able to accurately disperse a certain amount of seed per hectare.” The continued expansion of Dendra’s aerial seeding solution reflects both the growth of drone technology over the years and the company’s ability to evolve with that growth and tailor its solutions to current environmental needs. Chandrasekaran said when a mining customer in Western Australia requested its mining operation be seeded by “one of Australia’s most difficult seed types”, Dendra went to work. “The first time we saw the seed, we instantly knew it was going to be a difficult seed to work with; the seed could be compared to a bale of hay,” he said. “But we quickly made some modifications to our system and patented a new technology that focuses on how different seed types can efficiently pass through our system. “We’ve been able to improve our technology little by little, making it more and more efficient, and we’re now at the stage where we’re doing an extensive project. “We started aerial seeding about five hectares for this client. This year we’ll be doing 500 hectares.” Dendra has achieved greater scale and scope with its aerial seeding solution. The company is also changing the way undulating and difficult-to-access terrains can be rehabilitated. “Much of the mining environment is very treacherous terrain – it’s rarely flat,” Chandrasekaran said. “While traditional methods often involve trucks, tractors or teams of people on ground manually completing seeding tasks, this is not possible or safe in many mining landscapes. “This is where our aerial solution comes into effect. There is no terrain we cannot seed, which means we can easily scale because we only need to add more aircraft to increase the size of the area we’re trying to spread. “And even if the terrain is accessible, if you consider the cost per hectare, buying another drone is a lot more economical than buying another tractor to seed the same area.” Dendra makes seeding simple, with the mobility of its unmanned aerial vehicles (UAVs) meaning solutions can be quickly mobilised to a mine site. “Some of the mine sites we work with are so remote that it isn’t always practical to get machinery on-site in a short space of time,” Chandrasekaran said. “But we’re able to quickly deploy our UAVs, go out and complete hundreds of hectares of seeding over a couple of weeks. “We’re efficient, we’re safe, and we’re fully capable of being able to deliver seeding solutions at scale in a short period of time, which saves mining companies a lot of time and money.” While Dendra has already achieved so much with its aerial seeding solution, there is so much more potential for this technology to grow and evolve. Lewandowski said the company is always pushing to achieve greater volume. “The more volume an aircraft can hold, the more seeds you can hold in one flight,” he said. “This means less fly backs, less filling up of the aircraft, which means more spread and more hectares covered per day.” Dendra has a passion for technology and a passion for the environment, two critical linchpins in determining the mining sector’s ESG future.  And as Dendra establishes a stronger presence in the Australian mining sector, the company will continue to drive greater innovation and unearth safer, more efficient and more cost-effective ecosystem restoration practices. Source: https://www.australianmining.com.au/inspired-tech-and-faster-rehabilitation/
July 4, 2024
The MagneW PLUS+ electromagnetic flowmeters from Azbil Corporation are designed to measure every sort of liquid, including water, chemicals, slurries, and corrosive liquids. The standard model has a mirror-smooth PFA (perfluoroalkoxy) liner for excellent adhesion resistance that enables outstanding durability even in long-term use. It is available in an integrated type and a remote type and can be used in a wide range of settings, including explosion-proof and outdoor environments. The Azbil magnetic flowmeters offer the following features: Improved performance and greater stability Suppression of flow noise is 3.5 times that of the conventional model for excellent stability in the presence of noise. Achieves more reliable measurement in individual applications through features such as an excitation frequency change function, an optional auto spike cutoff setting, travel averaging, and manual zero adjustment. Improved factory data memory function to facilitate checking after shipment In addition to the serial number and production date on the product tag plate at shipment, the human machine interface enables checking in maintenance mode. Statuses that may be difficult to read on the product tag plate are backed up as electronic data. High-speed batch function for batch applications A high-speed response function with a damping time constant of 0.1 second can be selected as an option. This enables compatibility with high-speed batch applications, allowing use with a pulse frequency of up to 3000 hertz. Compatible with HART and CommPad communicators as a standard feature Communication with CommPad is supported as in previous models. Communication superimposed on the analogue signal can be used by selecting the HART communicator function.  For further information, contact AMS Instrumentation & Calibration , Azbil’s Australian distributor. Source: https://www.australianmining.com.au/introducing-azbils-new-electromagnetic-flowmeters/