Recycling is a priority for the world if it wants to achieve net-zero emissions by 2050.
Project Black Finch advances Rio’s interests in metal recycling this year.
When aluminium products are recycled, the mining and refining stages can be bypassed.
Rio Tinto will make a billion-dollar push into the metal recycling industry as the mining giant seeks to put decarbonisation at the heart of its strategy.
Rio has spent the past week in advanced talks with private Canadian company Giampaolo Group and the parties were understood to be close to a deal on Friday evening AEST.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
