Asia Pacific > Rio Tinto makes $800-mln write down on Australian alumina refineries due to Safeguard Mechanism

Rio Tinto makes $800-mln write down on Australian alumina refineries due to Safeguard Mechanism

Published 06:19 on July 27, 2023  /  Last updated at 08:23 on July 27, 2023  / /  Asia Pacific, Australia

Miner Rio Tinto has written down the value of its Australian alumina refineries as it factors in the cost of buying Australian Carbon Credit Units (ACCUs) under the government’s reformed Safeguard Mechanism, saying it will continue to need to rely on offsets to meet its decarbonisation targets.
Miner Rio Tinto has written down the value of its Australian alumina refineries as it factors in the cost of buying Australian Carbon Credit Units (ACCUs) under the government’s reformed Safeguard Mechanism, saying it will continue to need to rely on offsets to meet its decarbonisation targets.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.