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Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. By using our websites you consent to cookie based advertising. The project is a long life, scaleable resource capable of producing battery grade lithium carbonate. The Rincon project holds the potential to deliver a significant new supply of battery-grade lithium carbonate, to capture the opportunity offered by the rising demand driven by the global energy transition.

It is expected to be a long life, low-cost asset that will continue to build the strength of our Battery Materials portfolio, with our combined lithium assets spanning the US, Europe and South America. Work will be undertaken to determine the development strategy and timing, secure updates to existing Environmental Impact Assessment Permits to allow development and production, and undertake ongoing engagement with communities, the province of Salta and the Government of Argentina.

This consultation process will ensure we build a world class operation in the province of Salta. The direct lithium extraction technology proposed for the project has the potential to significantly increase lithium recoveries as compared to solar evaporation ponds. A pilot plant is currently running at the site and further work will focus on continuing to optimise the process and recoveries. Subject to this FIRB approval, the transaction is expected to be completed in the first half of View source version on businesswire.

Curiosity: to collaborate, learn and innovate We act with curiosity by inviting diverse ideas and collaborating to achieve more together than can be done alone. Our strategy We are putting the low carbon transition at the heart of our business strategy. In , we set new scope 1 and 2 greenhouse gas emissions targets, and refocused our business strategy on three areas: Accelerating our own decarbonisation, switching to renewable power, electrifying processing and running electric mobile fleets.

Prioritising growth capital in commodities that are essential to the drive to net zero, and look to grow further in copper, battery materials and high-quality iron ore. Pioneer Portal. Our business Rio Tinto is a mining and metals company operating in about 35 countries around the world Read more. Innovation Our pioneering spirit keeps us moving forward Read more.

Suppliers Working in partnership with our suppliers to manage a complex global supply chain in ways that benefit our customers, our business and our communities. Read more. Executive committee Meet our Executive Committee Read more. Board of directors Meet our Board of Directors Read more. We harness new and emerging technologies to make our operations more efficient, safer and more environmentally friendly.

Data is one of our most valuable assets. By combining it with clever analytics, artificial intelligence, machine learning and automation, we are making our business safer and more productive. We are always open to new ideas about the best way to share value from mining projects in a way that preserves and grows investor returns, creates lasting value for host governments and communities and provides the metals the world needs in an environmentally sustainable way. Today, thousands of miles from our mines, we use AI to help our controllers make better decisions.

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