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Rio Tinto backs Queensland biochar facility plans

Rio Tinto backs Queensland biochar facility plans

Rio Tinto is moving to test locally produced bana grass bio pellets as a partial replacement for coal in its Gladstone alumina refineries, aiming to cut fossil fuel use amid the Bayer process’s high thermal demands. A five-year offtake agreement with SuperChar would deliver tens of thousands of tonnes of bio pellets in 2028, with trials showing potential coal displacement of up to 30% and feasibility for blends up to 50%.

Jul 22, 2026

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  • Barometer Expands Global Equity Stakes Across FirmsBarometer Capital Management Inc. boosted stakes in five companies in Q1: Rio Tinto (RIO) with 21,600 shares (~$2.0 million), SPDR S&P Oil & Gas Equipment & Services ETF (XES) with 5,100 shares (~$593,000), Korea Electric Power Corporation (KEP) with 71,600 shares (~$1.02 million), POSCO (PKX) with 23,800 shares (~$1.39 million), and HudBay Minerals (HBM) with 33,750 shares (~$705,000). These moves reflect broader hedge-fund activity as other institutions also adjusted positions across these equities, signaling a reshaping of portfolios among energy, utilities, and mining names.25 src · Jul 22, 2026