Industry News

Rio Tinto wins legal battle against another leading aluminium powerhouse

Views : 78
Update time : 2024-02-05 18:25:04
In a landmark decision, the Federal Court upheld Rio Tinto's discernment in navigating the complex web of international sanctions in 2022. The esteemed court, presided over by Justice Michael O'Bryan, dismissed claims made by subsidiaries of a Leading Russian Aluminium Producer, challenging Rio's refusal to continue collaboration.

In 2022, amidst the geopolitical upheaval following Russia's invasion of Ukraine, Rio Tinto demonstrated sagacity by severing ties with the Russian aluminium producer's subsidiaries, holding a 20% stake in Queensland Alumina Limited (QAL). This strategic move encompassed halting the supply of bauxite and alumina to the Russian giant, ultimately invoking emergency step-in rights to prevent any economic benefit from flowing to the sanctioned entities.

Related News
Read More >>
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Mar .07.2025
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Mar .07.2025
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Mar .07.2025
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban
Mar .07.2025
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban