Once developed and approved, the Upper Calliope solar farm will have the potential to cut down Rio's operating carbon emissions by 1.8 million tonnes per year.

The specific contacts to be launched with ShFE were still under discussion.

The rise follows a restriction imposed by Britain on entities and individuals taking physical delivery of Russian-made base metals.

The Gulf state has revised upwards estimates for its untapped mineral resources to $2.5 trillion.

About 10% of the increase in estimate comes from the addition of rare earths minerals.

The plant, one of Alcoa’s first three Western Australia alumina refineries, has been operating below nameplate capacity for the past year.

Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond repayments.

The Biden administration wants to continue negotiations on measures to address overcapacity and low-carbon production.