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The primary raw material used to make steel, which is strong, long-lasting and cost-efficient
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The lightest of all metals, it is a key element needed for low-carbon technologies
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Tough but malleable, corrosion-resistant and recyclable, and an excellent conductor of heat and transmitter of electricity
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Oyu Tolgoi
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Rincon Project
A long-life, low-cost and low-carbon lithium source
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Our nature-based solutions projects complement the work we're doing to reduce our Scope 1 and 2 emissions
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Our STARTâ„¢ initiative tracks traceability and responsible production of ÌÇÐÄvlogÈë¿Úmaterials.
We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
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The Winu Project is a copper-gold deposit located in the northern Pilbara region of Western Australia, approximately 320 kilometres east of Port Hedland.
Winu is located on the traditional lands of the Nyangumarta People, and the airstrip servicing the operation - the Karlkayn airstrip - is located on the traditional lands of the Martu People. Since discovering mineralisation at the site in 2017, we’ve been working closely with Traditional Owners and other stakeholders to develop a greenfield mining project. As temporary stewards of the land, we are already planning for responsible mine closure, considering issues like how we will manage waste, minimise disruption to the local community and economy, and remediate and manage the site and local environment after closure.
We’re also planning to power Winu largely through renewable energy sources, including solar and wind energy.
In 2023, we signed initial agreements with both Nyangumarta and Martu, securing their permission for planning of the mine to proceed, ahead of the usual formal Land Use Agreements needing to be signed. Under these agreements, all aspects of planning will be informed by Traditional Owner voices.
To proceed with mining, we must obtain consent from Nyangumarta and Martu through the project agreements, followed by the necessary environmental and regulatory approvals.
We’ve signed a Term Sheet for a joint venture with to deliver the Winu Project.
Under the Term Sheet, we’ll continue to develop and operate Winu as managing partner, and SMM will pay us $399 million for a 30% equity share of the project. This includes $195 million upfront and $204 million in deferred considerations contingent on milestones and adjustments to be agreed.
We’ll now work with SMM to finalise definitive agreements for the Winu project joint venture in the first half of 2025.
In November 2023, we started formal environmental approvals with the Environmental Protection Authority (EPA). Winu will require the highest level of environmental assessment – a Public Environmental Review. To support this process, we will submit detailed documentation outlining how we will manage and minimise our environmental impact.
We are open to community feedback about all aspects of Winu’s operations. Our Communities and Social Performance (CSP) team oversees a grievance management procedure to handle any concerns or complaints in a timely way. Read more about .
E: winucspteam@riotinto.com T: +61 474 438 557