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30 Nov

Rio Tinto to invest $3 billion/year in energy transition assets

Anglo-Australian miner Rio Tinto said Wednesday it plans to invest up to $3 billion per year in growth assets to meet demand from a decarbonising world. However, its own decarbonisation path looks somewhat sluggish, Kallanish notes. Executives told investors at a seminar that the company will prioritise growth in materials needed for the transition, targeting a comprehensive green offer with technical support, and working to deepen partnerships with end-customers…
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