Rio Tinto: Richards Bay Minerals to Shut a Furnace as Stockpiles Depleted
21 July 2021 - 4:56PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC on Wednesday said one of four furnaces at
the Richards Bay Minerals mineral-sands business in South Africa
will be shut off, as stockpiles of feedstock are depleted after
mining was stopped amid escalating security issues.
Mining operations at Richards Bay Minerals, in which Rio Tinto
has a 74% stake, were halted last month because of concerns about
safety that followed the fatal shooting of a senior manager a month
earlier. The world's second-biggest miner by market value declared
force majeure on customer contracts.
"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," Rio Tinto said Wednesday.
On May 24, Nico Swart, a general manager for mining operational
services at Richards Bay Minerals, was fatally shot on his way to
work, an earlier statement from the Rio Tinto subsidiary said. The
operations subsequently faced problems with arson attacks and
theft.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 21, 2021 02:46 ET (06:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Rio Tinto (ASX:RIOCD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rio Tinto (ASX:RIOCD)
Historical Stock Chart
From Apr 2023 to Apr 2024