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Stock impact report

Rio Tinto’s A$100m boost for essential service worker housing in the Pilbara

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Business Wire
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto will invest A$100 million to support the Western Australian Government’s building of more than 500 homes for regional frontline workers, as part of its new Seven Cities Vision for regional WA.The state’s Government Regional Officer Housing (GROH) program will deliver new homes to Karratha, where many Rio Tinto employees live and work, as well as the company’s regional fly-in fly-out hubs of Broome, Geraldton and Albany.As the biggest private sector contribution to the program, Rio Tinto’s funding will also deliver new homes across the heartland of its Pilbara operations - Wickham, Tom Price, Paraburdoo and Roebourne - providing accommodation for government employees who serve these regional communities.The Western Australian Government will lead the construction of these new Pilbara homes to meet GROH needs to 2030.Rio Tinto Iron Ore Chief Executive Matthew Holcz said: “Rio Tinto has a long and deep connection to regional WA, directly s Show less Read more
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