Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland

Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland

 

Rio Tinto has donated US$1.5 million to the Icelandic Red Cross to support the people and community of Grindavík in Iceland, who have been impacted by months of volcanic eruptions.

 

Since December, a series of volcanic eruptions has left 3,800 people homeless and damaged the community's water and electricity supplies. Residents of Grindavík and neighbouring communities continue to feel social and economic impacts from these unprecedented events.

 

In the coming weeks, the Icelandic Red Cross will announce details of a project built around Rio Tinto's contribution to provide support for impacted people and enhance the resilience of the community. The project will be managed in close collaboration with the Municipality of Grindavík and other affected stakeholders.

 

Rio Tinto Iceland General Manager Rannveig Rist said: "For 55 years, Rio Tinto has been an important member of Iceland's closely knit community. We deeply empathize with those affected by the catastrophic eruptions in the Reykjanes peninsula, including some of our own employees. This is the largest donation Rio Tinto has made in Iceland and we are very proud to partner with the Icelandic Red Cross and the Municipality of Grindavík to bring relief to the community in this time of need."

 

Icelandic Red Cross General Manager Kristín S. Hjálmtýsdóttir said: "This donation will enable the Red Cross to make a real difference for the people of Grindavík. A contribution of this magnitude to the Red Cross from a private company is unprecedented for projects in Iceland. It is an example of corporate social responsibility and how important it can be for society. The Red Cross and the Municipality of Grindavík have stood side by side through these difficult times and will continue to do so. There are indications that volcanic activity will continue to shape the lives of people in the Reykjanes peninsula into the future. This donation will help us better support the community and strengthen its resilience through this difficult period as it adapts to a new reality."

 

Grindavík Mayor Fannar Jónasson said: "We would like to thank Rio Tinto for this initiative and this generous donation. The ISAL team has shown us great care and solidarity, stepping up to the plate when we need it most. We do not control the course of natural forces, but this kind of support helps us deal with their consequences and the pressing issues facing our community at present."

 

  About ISAL  

 

Rio Tinto's ISAL aluminium smelter is located in Straumsvík, approximately 30 km from Grindavík, and has not been directly affected by the volcanic eruptions.

 

ISAL has been a major part of the Icelandic economy and the community in Reykjanes Peninsula since 1969.

 

Today, the smelter employs 380 people and produces 209,000 tonnes of high-quality aluminium billets with one of the lowest carbon footprints in the world. ISAL is entirely powered by clean, renewable hydroelectricity supplied by Iceland's national power company Landsvirkjun.

 

  

  

Please direct all enquiries to: media.enquiries@riotinto.com  

 

  Media Relations,  
United Kingdom  
Matthew Klar  
M +44 7796 630 637
David Outhwaite  
M +44 7787 597 493

 

  Media Relations,  
Australia  
Matt Chambers  
M +61 433 525 739
Jesse Riseborough  
M +61 436 653 412
Alyesha Anderson  
M +61 434 868 118
Michelle Lee  
M +61 458 609 322

 

  Investor Relations,  
United Kingdom  
Menno Sanderse  
M +44 7825 195 178
David Ovington  
M +44 7920 010 978
Laura Brooks  
M +44 7826 942 797

 

  Media Relations,  
Americas  
Simon Letendre  
M +1 514 796 4973
Malika Cherry  
M +1 418 592 7293
Vanessa Damha  
M +1 514 715 2152

 

  Investor Relations,  
Australia  
Tom Gallop  
M +61 439 353 948
Amar Jambaa  
M +61 472 865 948

 

  Rio Tinto plc  
6 St James's Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

 

  Rio Tinto Limited  
Level 43, 120 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

 

  riotinto.com  

 

Category: ISAL

 

News Provided by Business Wire via QuoteMedia

RIO:AU
The Conversation (0)
Rio Tinto invests $8 million in Pilbara conservation land management

Rio Tinto invests $8 million in Pilbara conservation land management

 

Rio Tinto will invest A$8 million over five years in a partnership with Western Australia's Department of Biodiversity, Conservation and Attractions (DBCA) on a new project to enhance conservation land management and support Traditional Owner ranger programs in Karijini and Millstream Chichester National Parks.

 

The Pilbara Conservation Project will protect areas of high conservation value and integrate Traditional Owners' knowledge of the land into conservation land management. This includes weed management, feral animal control and bushfire management at Karijini, Millstream Chichester and other high conservation value Pilbara sites, through implementation of the Pilbara Conservation Strategy.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Rio Tinto to develop BioIron R&D facility in Western Australia to test low-carbon steelmaking

Rio Tinto to develop BioIron R&D facility in Western Australia to test low-carbon steelmaking

 

Rio Tinto will invest US$143 million (A$215 million) to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIron TM , to support decarbonising the global steel value chain.

 

The development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial Area, south of Perth, follows successful trials of the innovative ironmaking process in a small-scale pilot plant in Germany.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Long-term future for New Zealand's Tiwai Point aluminium smelter secured with new power deals

Long-term future for New Zealand's Tiwai Point aluminium smelter secured with new power deals

 

New Zealand Aluminium Smelters (NZAS) has signed 20-year electricity arrangements that secure the future of the Tiwai Point aluminium smelter to continue competitively producing high-purity, low-carbon metal, backed by a diversified mix of renewable electricity from New Zealand's South Island.

 

NZAS, which owns and operates Tiwai Point, has signed contracts with electricity generators Meridian Energy, Contact Energy and Mercury NZ to set pricing for an aggregate of 572 megawatts (MW) of electricity to meet the smelter's full electricity needs.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Rio Tinto and BHP collaborate on battery-electric haul truck trials in the Pilbara

Rio Tinto and BHP collaborate on battery-electric haul truck trials in the Pilbara

 

In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240526465039/en/  

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Rio Tinto IOC recognized with Towards Sustainable Mining  Environmental Excellence Award

Rio Tinto IOC recognized with Towards Sustainable Mining Environmental Excellence Award

 

Rio Tinto's Iron Ore Company of Canada (IOC) has won the Towards Sustainable Mining (TSM) Environmental Excellence Award for its contributions to the Abandoned Site Rehabilitation Partnership: Nitassinan Cleanup project. This collaborative initiative, undertaken in partnership with the First Nations of Quebec and Labrador Sustainable Development Institute (FNQLSDI), focuses on the remediation of legacy dumpsites within Nitassinan, the ancestral territory of Innu Nation of Uashat Mak Mani-Utenam, which were not the result of IOC activities, with the goal of restoring the land to its original state.

 

FNQLSDI environmental specialists, alongside members of the Uashat Mak Mani-Utenam community, are actively engaged in dismantling decommissioned structures and clearing abandoned sites. Leveraging rail cars and the extensive QNS&L Railway spanning 418 kilometers to Sept-Îles, the project facilitates the safe and efficient removal and relocation of materials, showcasing IOC's commitment to environmental care and community collaboration by utilizing its resources to support sustainable development initiatives outside its core operations.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Angkor Resources Meets Ministry To Expand Boundary Of Oil & Gas Block VIII, Cambodia

Angkor Resources Meets Ministry To Expand Boundary Of Oil & Gas Block VIII, Cambodia

 

(TheNewswire)

 
      
  Angkor Resources Corp. 
             
 

GRANDE PRAIRIE, ALBERTA TheNewswire - July 29, 2025 - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") met with officials from the Ministry of Mines and Energy ("MME") and the General Department of Petroleum ("GDP") to request an additional 220 square kilometers as part of Block VIII to include a potential sub-basin for exploration of oil and gas.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Capital Raising Update

Vertex Minerals Limited Capital Raising Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) confirms that on 28 July 2025 it received A$3.9 million (before costs) through the issuance of new ordinary Shares as part of the A$11 million capital raising ("Capital Raising") announced by the Company on 12 May 2025 and approved at the General Meeting which took place on 21 July 2025.

The Capital Raising had also included the earlier issuance of A$3.5 million in Convertible Loans, bringing total proceeds received to date from the financing initiative to approximately A$7.5 million.

With respect to the A$3.9 million secured on 28 July 2025, 18,377,562 fully paid ordinary shares were issued by the Company ("Shares") at A$0.21 per Share.

At the commencement of the Capital Raising, associates of the Company's cornerstone investor and largest shareholder with 17% of the shares on issue (Gleneden Nominees Pty Ltd) committed to subscribe for A$3.6 million of Shares. Timing for receipt of these funds has now been revised to on or before 15 September 2025, as is provided for in an agreement entered on 27 July 2025 between the Company and Gleneden Nominees Pty Ltd.

The Company has also retained its ability to place the remaining A$3.6 million to other interested investors (on the same terms as the Capital Raising).

Receipt of the A$3.9 million, along with the $3.5 million Convertible Loan component of the Capital Raising, has provided the Company with financial liquidity for the near-term restart of the high-grade Hill End Gold Project, at a time of an historically strong A$ gold price.

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Scoping Study Highlights Potential of Tennant Creek Project

Scoping Study Highlights Potential of Tennant Creek Project

CuFe Limited (CUF:AU) has announced Scoping Study Highlights Potential of Tennant Creek Project

Download the PDF here.

Latest Press Releases

Related News

×