07:22 AM EDT, 07/15/2024 (MT Newswires) -- Rio Tinto (RIO) said Monday it has partnered with Ngarluma Aboriginal Corp. to develop an 80-megawatt solar farm on Ngarluma Country, near Karratha, Australia.

The project, which will likely be adjacent to Rio Tinto's existing Yurralyi Maya Power Station, aims to deliver renewable energy to the company's iron ore operations in Western Australia's Pilbara region, it said.

The project can potentially displace up to 11% of natural gas currently used for production across Rio Tinto's integrated mining operations in the region, the company said, adding that a feasibility study will likely be completed in early 2025, with commissioning due in 2027.

Price: 68.07, Change: -0.45, Percent Change: -0.66