Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 264

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 264
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 which, for the purposes of the Australian Corporations Act 2001 , forms part of this Directors’ report. Dual-listed structure and constitutional documents The dual-listed companies (DLC) structure of Rio Tinto plc and Rio Tinto Limited, and their constitutional provisions and voting arrangements – including restrictions that may apply to the shares of either company under specified circumstances – are described on pages 325 - 326 . Operating and financial review Rio Tinto’s principal activities during 2024 were mining minerals and metals throughout the lifecycle from exploration, development, mining and processing, marketing, and repurposing and renewing our assets to create a positive legacy. Subsidiary and associated undertakings, principally affecting the profits or net assets of the Group in the year, are listed in notes 30-32 to the financial statements. The following significant changes and events affected the Group during 2024 and up to the date of this report: – In January 2024, we announced that, under a new power purchase agreement (PPA) with European Energy Australia, we had agreed to buy all electricity from the 1.1GW Upper Calliope Solar Farm to provide renewable energy to Rio Tinto’s Gladstone operations. – In January 2024, we were informed by authorities that a plane on its way to our Diavik mine, carrying a number of our people, crashed near Fort Smith, Northwest Territories, Canada, resulting in fatalities. The fatalities included 4 colleagues and 2 airline crew. – In February 2024, we announced we had signed Australia's largest renewable PPA to date to supply the Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab's planned 1.4GW Bungaban wind energy project. – In February 2024, we announced that Simon McKeon would step down as a Non-Executive Director at the conclusion of the Rio Tinto Limited annual general meeting on 2 May 2024. – In April 2024, we announced that Bold Baatar was appointed to the role of Chief Commercial Officer, with effect from 1 September 2024, to lead the Group's commercial and business development activities globally. – In June 2024, we announced that we will install carbon free aluminium smelting technology at our Arvida smelter in Québec, Canada, using the first technology licence issued by the ELYSIS joint venture. This investment will support the ongoing development of the breakthrough ELYSIS TM technology and