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Apex Trader Funding - News

Australia's Ngarluma Country Shines Bright: Solar Project Aims to Slash Rio Tinto's CO2 Footprint

Rio Tinto Group (NYSE:RIO) and Ngarluma Aboriginal Corporation (NAC) have agreed to jointly develop an 80MW solar farm on Ngarluma Country near Karratha. The solar farm is the first project the Ngarluma people and Rio Tinto will pursue following a memorandum of understanding to explore renewable energy opportunities on Ngarluma Country. The project, adjacent to Rio Tinto’s Yurralyi Maya Power Station near Karratha, could displace up to 11% of natural gas used for generation, reducing Rio Tinto’s emissions by up to 120kT CO2e annually. This project aims to supply renewable energy to Rio Tinto’s iron ore operations in the Pilbara ...