Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 398

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 398
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, which is recognised at 100% according to WRJV’s

contractual obligations, with a corresponding 46% receivable from China Baowu Group, for the co-owner’s share.

(b) Although the Group has an 80% interest in Queensland Alumina Limited, decisions about activities that significantly affect the returns that are generated require agreement of both parties to

the joint arrangement, giving rise to joint control.

(c) Queensland Alumina Limited and Pechiney Reynolds Quebec Inc. are joint arrangements that are primarily designed for the provision of output to the parties sharing joint control. This

indicates that the parties have rights to substantially all the economic benefits of the assets. The liabilities of the arrangements are in substance satisfied by cash flows received from the

parties. This dependence indicates that the parties in effect have obligations for the liabilities. It is these facts and circumstances that give rise to the classification of these entities as joint

operations.

(d) Pechiney Reynolds Quebec Inc., an entity incorporated in the United States, has a 50.1% interest in the Aluminerie de Bécancour, Inc. aluminium smelter , which is located in Canada. As Rio

Tinto owns 50.2% of Pechiney Reynolds Quebec Inc our effective ownership of the Bécancour smelter is 25.2% .

| Annual Report on Form 20-F 2024 | 220 | riotinto.com |

Financial statements | Notes to the consolidated fin ancial statements

31 Principal joint operations continued

| Other relevant judgements - accounting for the Pilbara Iron ArrangementsA number of arrangements are in place amongst the Australian Iron Ore operations, managed by Rio Tinto, which allow their respectiveassets to be operated as a single integrated network across the Pilbara region. In assessing the Pilbara Iron Arrangements, it has beenconcluded that they collectively constitute a joint operation on the basis that decisions about relevant activities require unanimous consent.The resulting efficiencies are shared between Rio Tinto and Robe River Iron Associates (Robe River), and the parties fund all of the cashflow requirements of Pilbara Iron (Company) Services Pty Ltd and Pilbara Iron Pty Ltd.Each of the partners in the joint operation is able to request the other to construct assets on their tenure to increase the capacity of the railand port infrastructure network. The requesting partner’s (Asset User’s) share of the capacity of the network will increase by the capacity ofthe newly constructed asset, but generally that