REG - Rio Tinto - Financial community visit to operations in Quebec

Rio TintoAnnouncement

24/09/2024 14:00

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RNS Number : 4720F  Rio Tinto PLC  24 September 2024

 

Notice to
ASX/LSE

 

Financial community visit to North American operations

24 September 2024

 

Rio Tinto is hosting a site visit for the financial community this week to its
Aluminium and Iron & Titanium operations in Quebec, Canada.

The visit will showcase the world-class, hydro-powered aluminium smelters in
the Saguenay, including the Shipshaw Power Station and construction progress
at the low-carbon AP60 smelter, and the Iron & Titanium facility at
Sorel-Tracy, the world's largest critical minerals and metallurgical complex.
Presentations by management, which will also cover markets, technology,
decarbonisation and Iron Ore Company of Canada, can be found on the website
at: https://www.riotinto.com/en/invest/presentations
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.riotinto.com%2Fen%2Finvest%2Fpresentations&esheet=53053356&newsitemid=20221212005859&lan=en-US&anchor=https%3A%2F%2Fwww.riotinto.com%2Fen%2Finvest%2Fpresentations&index=1&md5=f46430f34625f4fac2670de185f7903a)

Rio Tinto Aluminium Chief Executive Jérôme Pécresse said: "We are well
positioned to deliver value from the strong outlook for aluminium which is
being driven by its critical role in electrification, with global metal demand
set to rise by three per cent per year from 2023 to 2028. Recycled material is
expected to account for around half of that growth.

"We have stabilised our global footprint of low-carbon, world-class aluminium
assets and now have clear pathways to raise both the EBITDA margin and Return
on Capital Employed for our aluminium business by five percentage points by
2030.

"We expect to achieve this through our focus on operational excellence and
technology, our increasing footprint in the recycled market, from our
privileged access to North America - the world's most attractive aluminium
market - and by repowering our Pacific Aluminium operations with lower cost
renewables."

Rio Tinto's product offering has positioned the company to exceed LME
aluminium prices by ~20% over the last five years, through product and market
premiums, with the Matalco recycling joint venture to provide further upside.
Matalco is expected to generate ~$70 million of operational, sales and
marketing synergies per year by 2028.

In the presentations, Rio Tinto also sets out a targeted increase in Return on
Capital Employed at its Iron & Titanium business of nine percentage points
by 2030 and a pathway to reach total concentrate production capacity of 23
million tonnes of high-grade iron ore at Iron Ore Company of Canada.

 

 

 

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 

 

 Media Relations,        Media Relations,               Media Relations,
 United Kingdom          Australia                      Canada

 
 
 

 Matthew Klar            Matt Chambers                  Simon Letendre

 M +44 7796 630 637      M +61 433 525 739              M +1 514 796 4973

 David Outhwaite         Alyesha Anderson               Malika Cherry

 M +44 7787 597 493      M +61 434 868 118              M +1 418 592 7293

                         Michelle Lee                   Vanessa Damha

                         M +61 458 609 322              M +1 514 715 2152

                         Rachel Pupazzoni

Media Relations,
                         M +61 438 875 469              United States

 

                              Jesse Riseborough

                                                        M +1 202 394 9480

 Investor Relations,     Investor Relations,
 United Kingdom          Australia

 
 

 David Ovington          Tom Gallop

 M +44 7920 010 978      M +61 439 353 948

 Laura Brooks            Amar Jambaa

 M +44 7826 942 797      M +61 472 865 948

 Weiwei Hu

 M + 44 7825 907230

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

LEI: 213800YOEO5OQ72G2R82

 

riotinto.com

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