Rio Tinto Supports World Bank Launch of Climate-Smart Mining Facility

WASHINGTON–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#RioTintolt;/agt;–The World Bank today launched its new Climate-Smart Mining Facility,
aimed at building partnerships to manage the role mining will play in
supplying the minerals needed for clean energy technologies to help
address climate change.

The initiative will bring together governments, private sector
companies, academic and research institutions to promote sustainable
mining practices in resource rich developing countries, with initial
support from Rio Tinto, Anglo American and the German government.

Climate-Smart Mining has been developed in concert with the broader UN
Sustainable Development Goals to ensure that the benefits from the
transition to low-carbon technologies are shared.

It will innovate and deploy financing to scale up technical assistance
and support for projects such as:

  • The integration of renewable energy into mining operations
  • The strategic use of geological data for a better understanding of
    “strategic mineral” endowments
  • Forest-smart mining preventing deforestation, supporting sustainable
    land-use practices and repurposing mine sites
  • Recycling of minerals supporting developing countries to take a
    circular economy approach and reuse minerals in a way that respects
    the environment

The Facility will also assist governments to build a robust policy,
regulatory and legal framework that promotes climate-smart mining and
creates an enabling environment for private capital.

Rio Tinto Chief Executive J-S Jacques said, “The transition to clean
energy solutions presents both a significant opportunity and
responsibility for the mining industry, as it provides the materials
that make these technologies possible. We want to be part of the
solution on climate change and the best solutions will come from
innovative partnerships across competitors, governments and
institutions. Our collaboration with the World Bank and many others is
aimed at making a real difference by promoting sustainable practices
across our industry. We look forward to supporting the Climate-Smart
Mining Facility by contributing not just funding but also expertise as a
leader in sustainable mining practices.”

World Bank Senior Director and Head of the Energy and Extractives Global
Practice Riccardo Puliti said, “The World Bank is committed to working
with Rio Tinto and all stakeholders involved in creating renewable
energy technologies. Given global demand for minerals used in energy
storage and batteries such as lithium, nickel and graphite will soar by
2050, mining for these strategic minerals must be managed responsibly
and sustainably.”

Notes for editors

For more information on the Facility visit:

For a video and infographic visit:

@RioTinto on Twitter

Media Relations, United Kingdom
Illtud Harri
M +44 7920
503 600

David Outhwaite
T +44 20 7781 1623
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Asia
Grant Donald
T +65 6679 9290
+65 9722 6028

Media Relations, Australia
Jonathan Rose
T +61 3 9283
M +61 447 028 913

Matt Chambers
T +61 (0) 3 9283 3087
M +61 433 525 739

Jesse Riseborough
T +61 8 6211 6013
M +61 436 653 412

Investor Relations, United Kingdom
John Smelt
T +44 20
7781 1654
M +44 7879 642 675

David Ovington
T +44 20 7781 2051
M +44 7920 010 978

Nick Parkinson
T +44 20 7781 1552
M +44 7810 657 556

Investor Relations, Australia
Natalie Worley
T +61 3
9283 3063
M +61 409 210 462

Rachel Storrs
T +61 3 9283 3628
M +61 417 401 018

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
T +44 20 7781 2000
Registered in England

Rio Tinto Limited
Level 7, 360 Collins Street
T +61 3 9283 3333
Registered in Australia
96 004 458 404

error: Content is protected !!