Rio Tinto

Rio Tinto, established in 1873, is a global mining company headquartered in London, UK. It specializes in the discovery, mining, and processing of a wide array of mineral resources, including aluminum, copper, diamonds, gold, iron ore, and titanium dioxide. The company's operations span from bauxite mining and alumina refining to primary aluminum smelting and the production of various other minerals and metals. Rio Tinto's products are integral to numerous industries, such as construction, manufacturing, and technology, contributing to the creation of everyday items like steel, aluminum, and copper-based products.

Robyne Chambers

Global Treasury Business Partner | Commercial Treasury

Chris Salisbury

Managing Director

Jakob Stausholm

CEO

Past deals in Steel

Electra

Series B in 2025
Electra is a company dedicated to revolutionizing iron and steel production by significantly reducing carbon dioxide emissions. It specializes in alternative steelmaking technology that employs innovative electrochemical and hydrometallurgical processes. By electrifying and decarbonizing the steelmaking process, Electra enables the production of low-carbon clean iron from various ores and renewable energy sources. This approach not only minimizes the environmental impact associated with traditional steel production but also helps companies lower energy intensity and costs, promoting sustainability within the industry.

GravitHy

Venture Round in 2025
GravitHy is a sustainable iron and steel company dedicated to decarbonizing steel production through innovative technologies. It specializes in the production of low CO₂ Direct Reduced Iron (DRI) using renewable hydrogen, aiming to significantly lower the carbon footprint associated with steel manufacturing. By leveraging green hydrogen, GravitHy facilitates the creation of zero-carbon steel, addressing the increasing demand for environmentally friendly industrial practices. The company's initiatives support a transition towards a greener industrial sector, positioning it as a leader in the effort to revolutionize steel production sustainably.

Electric Hydrogen

Series C in 2023
Electric Hydrogen is a company focused on deep decarbonization by developing low-cost, high-efficiency systems for producing fossil-free hydrogen. The company targets industrial sectors such as ammonia and steel production, which contribute significantly to global greenhouse gas emissions. By rethinking electrolysis technology from scratch, Electric Hydrogen aims to make clean hydrogen competitive with traditional methods in terms of cost and scale. Their advanced PEM (Proton Exchange Membrane) technology uses renewable electricity to generate clean hydrogen gas, reducing industrial pollution and dependence on fossil fuels. The company's leadership team brings extensive experience from pioneering clean energy companies like Tesla and First Solar, positioning Electric Hydrogen as a strong contender in the quest for zero-emission industrial processes.

Electric Hydrogen

Series B in 2022
Electric Hydrogen is a company focused on deep decarbonization by developing low-cost, high-efficiency systems for producing fossil-free hydrogen. The company targets industrial sectors such as ammonia and steel production, which contribute significantly to global greenhouse gas emissions. By rethinking electrolysis technology from scratch, Electric Hydrogen aims to make clean hydrogen competitive with traditional methods in terms of cost and scale. Their advanced PEM (Proton Exchange Membrane) technology uses renewable electricity to generate clean hydrogen gas, reducing industrial pollution and dependence on fossil fuels. The company's leadership team brings extensive experience from pioneering clean energy companies like Tesla and First Solar, positioning Electric Hydrogen as a strong contender in the quest for zero-emission industrial processes.

Iron Ore Company of Canada

Acquisition in 2013
The Iron Ore Company of Canada (IOC) is a prominent Canadian producer of iron ore pellets and concentrates, headquartered in Montreal. The company specializes in the extraction of iron ore and processes it into iron pellets, which are suitable for use in blast furnaces and the production of steel. IOC serves a global customer base, contributing significantly to the iron and steel industry by providing high-quality raw materials essential for steel manufacturing.

North Limited

Acquisition in 2000
North Limited explores and extracts iron ore, uranium, copper-gold, and gold from its mines.
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