Rio Tinto's R8.5 billion investment secures future of Zulti South project

Rio Tinto says investment will secure supply of zircon, rutile and ilmenite - key feedstocks for titanium dioxide

- PHILIPPA LARKIN

RIO TINTO has approved an investment of about R8.5 billion in the Zulti South project at its Richards Bay Minerals (RBM) operation in South Africa. I SUPPLIED

(SUPPLIED)

RIO TINTO has approved an investment of about R8.5 billion in the Zulti South project at its Richards Bay Minerals (RBM) operation in South Africa, lifting a suspension that has been in place since January 2020.

The project was originally halted due to escalating security concerns, community unrest and operational disruptions in KwaZulu-Natal, including violent attacks, arson and damage to company property that affected RBM’s mining operations and led to the declaration of force majeure at the time.