Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 9

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 9
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 are also determined to realise the full potential of our existing assets, which means accelerating the drive to become Best Operator. We made good progress on this objective in 2024, achieving consistent iron ore production in the Pilbara, and reaching nameplate capacity at the Amrun bauxite mine. Of course, Best Operator is not only about production but also cost competitiveness, and we are becoming more disciplined at managing our costs. We will move further and faster on this objective in 2025, and seek to stabilise assets such as Iron Ore Company of Canada and Kennecott, which present huge opportunities to unlock value. As we go deeper into our sites with the Safe Production System (SPS), we see how much potential there is across our assets. Impeccable ESG and social licence Societal factors heavily influence our ability to operate, which is why we are continuing to move the dial on impeccable ESG and our social licence. Decarbonising our business is deeply physical and complex, but we are starting to deliver projects to reduce emissions while retaining value. We can only achieve our ambitious targets by working closely with stakeholders, so I was encouraged by the agreement with the Queensland Government to support Boyne Smelters, and our efforts to secure the long- term future of the Tiwai Point smelter in New Zealand. It is up to others to judge our progress, but I do sense we are becoming a partner of choice globally. We can win more hearts and minds by actioning our purpose, finding better ways TM , that are more sustainable and are mutually beneficial. Staying the course on culture change Culture is fundamental to how we realise the full value of our assets. The release of the Everyday Respect Progress Review in November was important, helping us understand where we are on our culture change journey. It is unacceptable that colleagues are still experiencing harmful behaviours, but we are encouraged that many believe we are heading in the right direction. We will stay the course, creating a culture where everyone feels safe, respected and empowered. Delivering growth while creating value We have considerable momentum heading into 2025, and all the building blocks for an incredibly strong, diversified and growing business. We will continue taking actions that ensure we remain strong in the short, medium and long term, while paying attractive returns to our shareholders. We will have a laser focus on unlocking the full potential of our assets as we go deeper with SPS, deliver improved cost management, and learn from executing complex projects. We will improve our culture and safety processes as part of an