LSE:RIOMetals and Mining
Rio Tinto Weighs Solar Decarbonisation Gains Against Fresh ESG Concerns
Rio Tinto Group (LSE:RIO) has agreed a 30 year power purchase agreement with Yindjibarndi Energy Corporation for the Jinbi Solar Project in Western Australia.
The deal is aimed at supplying renewable power to support decarbonisation of Rio Tinto's Pilbara Iron Ore operations.
At the same time, concerns over the company’s water extraction near a sacred Aboriginal waterhole have prompted new environmental mitigation efforts.
For investors watching LSE:RIO at around £79.27, this combination of...