Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 201

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 201
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2023 Modern Slavery Statement. In July, the Board: – Discussed an update on the Group’s culture, results and insights from the People Survey, and the Everyday Respect Progress Review . – Reviewed an update on asset management performance. – Considered a summary of key risks to the Simandou project and mitigation actions. – Approved the Group’s 2024 half-year results statement and interim shareholder returns, which had been considered by the Audit & Risk Committee. – Approved the Boyne Smelters Limited energy strategy. – Reviewed an Ethics and Compliance, and Business Conduct Office update. – Approved the mid-year confirmation of material risks. In September, the Board: – Discussed an update on the Jadar Project and committed to continue to engage the community and other stakeholders on a fact-based dialogue about the Project. – Considered an update regarding the Energy Resources of Australia Ranger rehabilitation project. In October, the Board: – Received and considered an overview of the Arcadium Lithium business and an update on the transaction process. – Discussed the outcomes of the Everyday Respect Progress Review . – Received a progress update on the development of the 2025 Climate Action Plan. In December, the Board: – Met stakeholders, customers and suppliers in Montreal. – Visited Matalco, aluminium operations in Saguenay-Lac-Saint-Jean, and Rio Tinto Iron & Titanium Quebec Operations Sorel- Tracy plant. – Approved a proposal for $2.5 billion to expand the Rincon project in Argentina. – Considered an assessment of the Group’s material risks, associated controls, and management responses deployed in 2024. – Approved the Group’s 2025 Annual Plan. – Discussed initial results from the annual Board evaluation. Strategy and risk The Board holds dedicated two-day strategy sessions each year as part of the May and October Board meetings. A high-level summary of the main themes discussed is below: May – The global strategic context, including the division of markets and supply chain challenges, and the Group’s core projects in this context. – The evolution of the Group’s strategy and opportunities for value creation. – Analysis of the industry structure and drivers of change for products. – Global energy markets and long-term dynamics. – Opportunities to simplify. October – Delivery against the Group’s strategic objectives and the way forward. – Processes standardisation, simplification, and continuous improvement. – Detailed reviews of the strategies for the iron ore, copper, and aluminium product groups. – Learnings and levers regarding the objective to become Best Operator