RIO News: Rio Tinto (RIO) Renews Agreement for QMM Mine in Madagascar - 25th Aug 2023, 2:04am

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Rio Tinto plc RIO has renewed its fiscal arrangements pertaining to QIT Madagascar Minerals (QMM) with the government of Madagascar. They have also renewed their long-term partnership for the sustainable operation of the QMM mine.

Rio Tinto has an 80% stake in QIT Madagascar Minerals and the balance 20% is held by the government of Madagascar. The mine, located near Fort Dauphin in the Anosy region of south-eastern Madagascar, produces ilmenite. Ilmenite yields titanium dioxide, an ultra-white ...

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