.RioTinto will invest C$737million to decarbonise its operations in Canada and to boost criticalminerals processing mining resources investment jobs technology GHG growth
PERTH – Diversified miner Rio Tinto has announced plans to invest up to C$737-million over the next eight years to decarbonise its Rio Tinto Fer et Titane operations in Sorel-Tracy, Québec, and to position the business as a centre of excellence for critical minerals processing.
The government of Canada is investing up to C$222-million over the next eight years to support these initiatives through its Strategic Innovation Fund , which supports large-scale, transformative, and collaborative projects that will help position Canada to prosper in the global knowledge-based economy.“Rio Tinto is committed to being part of a net-zero future, from decarbonising our operations to finding new ways to produce the materials needed for the transition.
If fully implemented, the BlueSmelting project has the potential to deliver a reduction of up to 70% in RTFT’s overall GHG emissions, a decrease of approximately 670 000 t of carbon dioxide equivalent based on 2021 emissions or the equivalent to removing 145 000 cars from the road. New modules will be added to the existing plant, which uses an innovative process to extract high purity scandium oxide from the waste streams of titanium dioxide production, without the need for any additional mining. The C$30-million to C$35-million plant is expected to start producing scandium oxide in 2024.
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