RIO TINTO LTD (RTNTF) Form 6-K — Sep 1, 2026
Rio Tinto has welcomed a tripartite agreement between Tomago Aluminium, the Australian Government and the New South Wales Government securing the long-term future of Australia's largest aluminium smelter, in which Rio Tinto holds 51.55 per cent. The deal includes a 10-year power purchase agreement delivering internationally competitive electricity through 2038, starting after the current AGL contract expires on 31 December 2028, with 100 per cent renewable supply from 2033. Tomago Aluminium will invest A$1.1 billion in the smelter through 2038, including A$100 million for decarbonisation.
Key figures
- Ppa term
- 10 years, supplying power through 2038
- Ppa start
- Following 31 December 2028 expiry of the current AGL electricity contract
- Treasury shares
- 897389
- Tomago employees
- Around 1,000 direct employees plus 200 FTE contractors and an estimated 5,000 indirect jobs
- Smelter investment
- A$1.1 billion (real terms) in Tomago Aluminium between now and 2038
- Emissions reduction
- 7.1 million tonnes per year of Scope 1 and 2 emissions once fully renewable
- Renewable power from
- 2033 (100 per cent renewable supply)
- Rio tinto tomago stake
- 51.55%
- Tomago ownership split
- Rio Tinto 51.55%, Gove Aluminium Finance Ltd 36.05%, Norsk Hydro 12.4%
- Decarbonisation investment
- A$100 million
- Tomago production capacity
- Up to 590,000 tonnes of aluminium per year (~40% of Australia's annual production)
- Shares issued employee plan
- 12006
- Rio tinto limited shares in issue
- 371821214
- Total voting rights rio tinto plc
- 1255153315
- Issued share capital rio tinto plc
- 1256050704
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