Modernising Agreements and Transition to Renewables

Broad-based funding model for decarbonisation Capital expenditure ~$7.5bn over 2022-30 Pilbara energy system | ELYSIST implementation capital | MACC projects Operating expenditure New capability | Energy efficiency | R&D Long-term contracts Pacific Aluminium smelters and refineries Kennecott Partnerships* Green steel: 25 existing R&D partnerships - more targeted Examples provided under each category of funding is not an exhaustive list and options for decarbonisation will continue to evolve. *Funding model to be determined. MACC = Marginal Abatement Cost Curve Rio Tinto ©2021, Rio Tinto, All Rights Reserved 71

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