Rio Tinto to sever ties with Russian businesses over Ukraine war

As it severs ties with Russia, Rio Tinto says it is reviewing its joint venture with Rusal in Queensland Alumina Ltd, which runs an alumina refinery in Gladstone. Photograph: Richard Wainwright/AAP

Global mining company Rio Tinto says it is severing its ties with Russia, throwing into doubt an aluminium joint venture between it and Rusal, which was founded by oligarch Oleg Deripaska.

In a one-line statement, Rio Tinto said it was “in the process of terminating all commercial relationships it has with any Russian business”.