great news for shareholders?
Is Rio turning to a new pageRio in $2b power play for energy clean Pilbara
CLIMATE CHANGE
Peter Milne
Rio Tinto will spend about $2 billion ($US1.5 billion) on wind and solar energy in the Pilbara to slash its use of gas, marking its first step towards green steel that could eventually lead to the massive processing facilities in WA’s north being powered by renewable energy.
In October, the global mining giant announced it would halve its direct carbon emissions by 2030. For its vast Pilbara iron ore operation, that means first finding alternatives to gas for power generation and then the tougher task of replacing diesel for trucks and trains.
Rio Tinto iron ore chief executive Simon Trott said the miner would install one gigawatt of wind turbine and solar panel capacity to generate about 80 per cent of the power it needs.
Juukan Gorge Demolition, page-411
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$113.99 |
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Mkt cap ! $42.31B | |||
| Open | High | Low | Value | Volume |
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