Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 19

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 19
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 become a better operator and partner. – We are moving to a model of co-management of cultural heritage. Governance – We will explore new ways of providing support to our people, and encourage more people to speak up.

| Annual Report on Form 20-F 2024 | 11 | riotinto.com |

Strategic report | Progressing our 4 objectives

Excelling in development What we are focusing on – Advancing a range of projects across the business. – Developing options for the future through our project pipeline, exploration, mergers and acquisitions, and technology. In 2024 Project development – We made significant progress on the mine, rail and port infrastructure for the Simandou project in Guinea, in collaboration with our joint venture partners. – We completed breakthroughs of Shafts 3 and 4 at Oyu Tolgoi, key to maximising the copper mine’s underground potential. – We advanced 5 replacement iron ore mine projects in the Pilbara. At Western Range, our newest mine in the Pilbara, first ore is on plan for the first half of 2025 and we are now operating our Autonomous Haulage System trucks. Construction began on our seawater desalination plant, which will support future water supply for our coastal operations and communities in the Pilbara. – Construction began on the expansion of the AP Technology™ AP60 aluminium smelter in Quebec. AP60 smelting technology is among the most efficient and lowest-carbon technology currently available at commercial scale. – The Rincon starter plant in Argentina delivered its first lithium. Pipeline projects – We approved the expansion of the Rincon lithium project in Argentina to 60,000 tonnes per year. – We continued to advance a range of other studies, including Winu and Resolution. Exploration – We made strong progress on our advanced Exploration projects, including Kamiesburg (mineral sands), Texas (potash) and Chiri (diamonds). – Our Nuevo Cobre project in Chile’s Atacama region, a joint venture with Corporación Nacional del Cobre de Chile (Codelco), has delivered encouraging early results. Innovation – We established the Rio Tinto Innovation team to accelerate our innovation efforts, help shape our future business, and make our assets safer, more efficient and more sustainable. Our Group-wide approach enables us to focus on the highest impact projects, to innovate across and between product groups, functions and geographies, and to work with external partners to bring the outside world in. Our priorities for the future – We will carry on