A wholly owned Rio Tinto subsidiary will extend the life of its Lac Tio ilmenite mine in Quebec until 2050 and modernize its Sorel-Tracy metallurgical complex as part of a USD 800 million investment in the province over the next five years. The investment plan also includes expanding operations at the ilmenite mine in Havre-Saint-Pierre from five days a week to seven. Rio Tinto, Fer et Titane (RTFT) will continue to upgrade equipment and systems in Sorel-Tracy to improve efficiency and boost environmental performance, including a 60% decrease in sulphur dioxide emissions. The RTFT plan is aligned with Quebec’s Northern Plan, a 25-year social, environmental and economic development project with a government investment of over USD 2.1 billion over the next five years. This plan will provide access to the territory and support the training and development of a skilled local workforce.