Rio Tinto plc: Richards Bay Minerals shuts furnace as engagement continues
MELBOURNE, Australia--(BUSINESS WIRE)--July 21, 2021--Rio Tinto’s Richards Bay Minerals (RBM) operation in South Africa will shut one of its four furnaces due to the depletion of available feedstock at the plant. This is the result of mining operations being halted following an escalation in the security situation at the operations which significantly hampered the mine’s ability to operate safely. Rio Tinto declared Force Majeure on our customer contracts at RBM on 30 June 2021.
“We continue to work with national and provincial governments as well as community structures to find a lasting solution to the current situation so that operations can resume as soon as it is possible to safely do so.”Tweet this
“We continue to work with national and provincial governments as well as community structures to find a lasting solution to the current situation so that operations can resume as soon as it is possible to safely do so.”
The four furnaces at RBM are dependent on a stockpile of feedstock, which is being steadily depleted. RBM’s decision to shut one furnace will reduce the call on the stockpile and limit the long-term impacts of a shutdown on the RBM’s furnaces.
Rio Tinto chief executive Minerals, Sinead Kaufman, said: “Shutting a furnace has a major impact on the business and broader community and it not a decision we have taken lighty. However, we will not put production ahead of the safety of our people and there are still fundamental criteria that must be met before we can resume operations in a sustainable manner.
RBM will regularly reassess the situation to make further decisions on any potential restart or the shutting of the other furnaces, depending on when the safety and security position improves.
RBM is one of the largest businesses in KwaZulu-Natal, with a workforce of some 5,000 people and the largest taxpayer in KwaZulu-Natal. The company contributed R8 billion to the national economy in 2020.
All operations at RBM remain halted until further notice.
This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.
Please direct all enquiries to email@example.com
Media Relations, UKIlltud HarriM +44 7920 503 600
David OuthwaiteM +44 7787 597 493
Media Relations, AmericasMatthew KlarT +1 514 608 4429
Media Relations, AustraliaJonathan RoseM +61 447 028 913
Matt ChambersM +61 433 525 739
Jesse RiseboroughM +61 436 653 412
Investor Relations, UKMenno SanderseM: +44 7825 195 178
David OvingtonM +44 7920 010 978
Clare PeeverM +44 7788 967 877
Investor Relations, AustraliaNatalie WorleyM +61 409 210 462
Amar JambaaM +61 472 865 948
Rio Tinto plc6 St James’s SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885
Rio Tinto LimitedLevel 7, 360 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404
Category: RBMCategory: General
© 2020 MDO Data Online Inc.
© 2019 MDO Data Online Inc.