Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 100

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 100
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 biocarbon products.–Completed long-term 5% replacement trials to qualify biocarbon as a raw material at RBMand RTIT Quebec Operations.–Completed an industrial trial of replacing coke with biocarbon (25% replacement)for pelletisation.                                                                                                                                                                                                                                                                                                                                                                                                              | –Develop bioenergy supply sources (biofuel and biocarbon) tosupport the industrial ramp-up of the new joint venture ÉvolysTM.–Complete phase 2 of the BlueSmelting™ technology validation.–Complete the installation and commissioning of an electric boilerat IOC.                                                                                                                                                                                                                                                                                                   |

| Annual Report on Form 20-F 2024 | 52 | riotinto.com |

Strategic report | Our approach to ESG | Climate Action Plan

| Progress in 2024                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Action in 2025                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Nature-based solutions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| –Feasibility studies completed in Guinea, with South Africa study delayed by elections and now due inmid-2025.–Dual pilot-feasibility approach continued in Madagascar for the protection and restoration of theTsitongambarika Forest including clean cooking, reforestation and conservation activities, with learnings tobe applied to other regions in 2025.–Voluntary agreements finalised, including an investment in the Makira Natural Park REDD+ Project inNorthern Madagascar, through a partnership with the Wildlife Conservation Society and Everland.–Finalised ACCU offtake agreements for high-quality human-induced regeneration and with savanna firemanagement project developers. Invested in the Silva Carbon Origination Fund securing access to large-scale, high-integrity environmental planting ACCUs.–Published details on our project development and carbon credit sourcing strategy, including our duediligence process and planned volumes. | –Assess South Africa feasibility study and moveinto pilot phase if feasible.–Deliver first cookstoves for Guinea andMadagascar clean cooking pilots.–Begin pilot programs for reforestation in Guineaand Madagascar.–Initiate pilot-feasibility study for a sustainableagro-forestry project in Guinea.–Secure offtake agreement for Argentina nativegrasslands management carbon project.–Expand our environmental planting ACCUpipeline in Australia. |

Operational decarbonisation project tracker Milestones post-2025 are indicative, based on current goals and plans, subject to investment decisions and so they may change – there is increasing uncertainty further into the future.

| Annual Report on Form 20-F 2024 |