Company
Rio Tinto Ltd
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Rio Tinto in favour for first time in two years with Deutsche Bank
Mining giant is a "high quality, cash-generative business"
Rio Tinto firing on all cylinders in Pilbara says broker
"This is a solid start for the year in its most important segment.”
Rio Tinto to update amid rebounding copper prices
Rio Tinto will update on Thursday, 20 April, as Chinese demand hangs in the balance
Rio Tinto fearing data leak after cyber attack
Rio Tinto may have suffered a data leak at the hands of a cyberattack, it warned staff in a memo
Rio Tinto in 1,400km search as radioactive capsule falls off lorry
Rio Tinto has apologised as the search for a missing radioactive capsule continues in Western Australia
Archive
FTSE 100 ends the week on a high note on signs of China recovery
London’s benchmark index finished Friday at 7,335 for a 146-point gain on the day
Rio Tinto kept at 'sell' by Berenberg as the miner remains a dividend risk on China stimulus uncertainty
The German bank's analysts noted that the 20th National Congress of the Chinese Communist Party, which will end on October 22, is expected to announce an economic stimulus, but this has not happened yet
Rio Tinto warns of 'further downside' for metals demand
The FTSE 100 mining giant acknowledged “slowing global demand” in the past quarter
Rio Tinto and BHP to reveal if the good times really are over for big mining
Rio reduced its dividend in July as all financial metrics headed lower.
Rio Tinto and Canada to invest C$737M to decarbonise Sorel-Tracy, Quebec titanium and steel operations
Rio Tinto chief executive Jakob Stausholm said the company is committed to being part of a net-zero future, including at its operations in Sorel-Tracy, Québec
Rio Tinto and China Baowu to build US$2bn WA iron ore mine
Baowu will purchase up to 126.5mln tonnes of raw material over a 13-year period
Rio Tinto enters definitive agreement to acquire full ownership of Turquoise Hill
Copper is the bellwether for the global economy and a key commodity in efforts to create more sustainability
Rio Tinto to acquire remaining Turquoise Hill shares for US$3.3bn
The FTSE 100 miner will pay C$43 per share for the remaining 49% of Turquoise Hill that it does not currently own
Archive
FTSE 100 closes deep in red as new month brings no respite from selling
FTSE 100 closed on Thursday around 135 points lower, or 1.8%, at 7,148
Rio Tinto makes improved offer for Turquoise Hill
Since Rio made its initial proposal, Turquoise’s share price has declined roughly 35%
Rio Tinto completes sale of Cortez gold royalty shortly before royalty payments due to start
Rio Tinto sold the royalty to a subsidiary of Royal Gold Inc. for US$525mln in cash
Rio Tinto PLC: After the dividend cut is the stock still a 'buy'? One leading broker has its say
RBC maintains its ‘sector perform rating’, but points out that the upside is limited
Do Rio Tinto’s poor financial numbers herald doom for the global economy?
Global consumption begins with the production of commodities by the likes of Rio
Miners drive UK dividends higher, but has Rio spoilt the party
April-June's payout was the second-largest quarterly total on record
Rio Tinto slashes interim dividend as EBITDA slumps on lower iron ore prices
“The market environment has become more challenging at the end of the period,” said chief executive Jakob Stausholm
Copper plunges as Rio Tinto warns of 'considerable' headwinds amid China slump
In a production report, the mining giant revealed iron ore output and deliveries were up 10% and 12% respectively compared to the first quarter
Iron ore slump knocks Rio Tinto as pessimism over China demand grows
Steel mill margins in China have reportedly fallen below zero, with one index of Chinese steel profits plunging by almost 90%
Rio Tinto brings first greenfield mine online in more than a decade with maiden ore delivery from Gudai-Darri
Production will continue to ramp up through the remainder of this year and is expected to reach full capacity during 2023
BHP: Here's why bank's mining team has cut its target price for stock in the big digger
Deutsche Bank has re-looked at its valuation of stock in the Anglo-Aussie giant
Rio Tinto to provide up to US$400mln in interim debt funding to Turquoise Hill for Oyu Tolgoi
Rio Tinto has made a US$2.7bn offer to buy the 49% interest it does not already hold in Canada’s Turquoise Hill Resources with the aim of moving the Oyu Tolgoi copper project forward
Rio Tinto gets AGM bloody nose on climate vote
Outgoing chair Simon Thompson repeated the company's long-held position that it cannot set scope 3 targets because it can’t control the emissions of its customers
Sell Rio and BHP as China indicator turns bearish, says broker
Rio, BHP are sells and Anglo a hold reckons Liberum
Rio Tinto downgraded as Chinese steel production expected to decline
Chinese steel production is forecast to decline 3% year-over-year in 2022, having previously been expected to be flat.
Rio Tinto target cut on China steel worries
Switch into Anglo American which derives 26% of its revenue from China versus Rio’s 57%
Rio Tinto iron ore output slips 15% in 'challenging' quarter
Downside risks include a prolonged war and other geopolitical tensions, extended labour and supply shortages
Miners at a discount as Goldman Sachs sees 'multi-year unprecedented metals bull cycle'
On spot metals prices, the EU mining sector is trading at around a 20% FCF yield, “a meaningful discount vs history”, analysts said
AGM season: no shareholder's voice too small to make an impact
Investors do not need to attend the AGM to vote in support or against the resolutions tabled at the meeting
Rio Tinto warned over Simandou iron ore mine by Guinea
In a video statement, Guinea's presidency said "the framework agreement gives Guinea a very precise schedule with extremely severe penalties, including the revocation of the miner's license."
Rio Tinto completes purchase of Rincon lithium project
The deal was completed for a total cost of US$825mln
Rio Tinto makes US$2.7bn offer for Turquoise Hill to move Mongolian copper project forward
The offer "would enable Rio Tinto to work directly with the government of Mongolia to move the Oyu Tolgoi project forward with a simpler and more efficient ownership and governance structure", said Rio Tinto CEO Jakob Stausholm
Rio Tinto to become first major miner to cut ties with Russian businesses
Rio Tinto’s majority-owned Queensland Alumina Ltd is 20% owned by Russia’s Rusal and its Oyu Tolgoi copper project in Mongolia relies on Russian fuel
Rio Tinto to pay small penalty to settle ASIC allegations over Mozambique coal resources
The penalty is tiny compared to the £27.4mln fine issued by the UK Financial Conduct Authority in 2017 relating to the same RTCM impairment
Is this as good as it gets for Rio Tinto, and by extension, its shareholders?
Rio is one of the biggest mining companies in the world
Rio Tinto posts record full-year results, highest ever dividend
It also set a new target to reduce its Scope 1 and 2 carbon emissions by 50% by 2030, more than tripling its previous goal
Rio Tinto to keep its crown as king of the dividends
Resource companies, drugs companies, insurers, "sin stocks" and consumer goods giants dominate the list of big dividend payers
Rio Tinto to work with Yinhawangka Aboriginal people on proposed iron ore project
The mining giant suffered a major backlash after it destroyed sacred aboriginal sites at Juukan Gorge in the Pilbara in May 2020
Archive
Today's Market View - Petra Diamonds, Rio Tinto, Sandfire Resources and more...
Anglo American (LON:AAL LN) – De Beers reports robust demand for rough diamonds as buyers replenish post-holiday inventories Bluejay Mining* (LON:JAY) – Disko-Nuussuaq video podcast Glencore (LON:GLEN) – Glencore 2021 production largely in
Copper key to big miners as China recovers says Credit Suisse
Rio Tinto and Anglo American are its top picks with shares in both up strongly today.
Rio Tinto 'deeply disturbed' by report that reveals widespread bullying, sexism and racism
Nearly half of the 10,000 staff that took part in the survey said they had experienced bullying
Rio Tinto blinks at Oyu Tolgoi after eviction from Serbia
Rio Tinto's shares have been on an upward trend in recent years, but its public relations effort has struggled
Rio Tinto and Mongolian government settle Oyu Tolgoi payments dispute
"It's a major relief. It's a huge step forward for us," said Rio's CEO
Archive
Today's Market View - Tertiary Minerals, Rio Tinto, OreCorp and more...
OreCorp (ASX:ORR) A$0.8, Mkt Cap A$316m – Quarterly update Works on the Nyanzaga DFS continued during the quarter on track for completion in Q2/22. The project is located in the Lake Victorian Goldfields in Tanzania and hosts ~3.1moz at 4.0
Rio Tinto shares tumble after Serbia revokes lithium exploration licence
The Australian miner had planned to invest US$2.4bn in the project as part of a move to build its battery materials business
Rio Tinto raises iron ore forecast but Serbian lithium project pushed back
The Jadar project in Serbia has faced intense local criticism over the possible environmental damage
Archive
Rio Tinto, THG and unemployment numbers up for scrutiny on Tuesday
Ahead of its trading update THG, recently provided a dossier of data to the UK financial watchdog to back up its claims of an "aggressive short attack" by hedge funds on its shares last year
Rio Tinto kicks off what might be tricky year ahead for big mining
Alongside Rio, JPM sees Glencore as having the biggest scope to hand out cash
Miners might be a value trap according to UBS
UBS is sceptical over the prospect of Chinese demand driving a further upsurge
Rio Tinto books electric train towards carbon goals
Trials of the locomotives will take place in 2024, the company said
Archive
Today's Market View - Rio Tinto, Atlantic Lithium, CATL and more...
Atlantic Lithium* (LON:ALL) / formerly IronRidge* (IRR LN) – Completion of Ricca resources demerger CATL seeking to regain NIO business with new 'ultrahigh' nickel' battery Rio Tinto (LON:RIO) – Rio to pause Jadar development after protests
Rio Tinto picks Dominic Barton to succeed Simon Thompson as chair
Barton spent over 30 years at McKinsey & Company, including nine as the global managing partner and six as Asia chairman. Most recently, he has been Canada's ambassador to China since 2019
Mongolia says Rio Tinto agrees to cancel country's $2.3bn debt for Oyu Tolgoi copper mine
Oyu Tolgoi is one of the largest known copper and gold deposits in the world
Morgan Stanley spies tactical opportunity as it upgrades Rio Tinto
The Wall Street bank said that while China’s ‘pull’ on industrial commodities had ‘slowed considerably’, it expects a policy shift to feed through to the country’s currently struggling property sector in the second half of next year
How does JP Morgan's view on the iron ore price affect its valuations of Rio Tinto, Glencore and Anglo American?
The Wall Street bank has cut its forecast for the iron price
Rio Tinto flags higher capex and costs at broker meet
Capex and opex are likely to remain higher than consensus currently assumes, said the miner
Is coal going to COP it? Not likely
There were tears, there were disappointments at COP26, but was there any real change?
Rio Tinto to raise US$1.25bn through bond issue
The notes will pay a coupon of 2.75% and will mature on 2 November 2051.
Rio Tinto unveils more ambitious targets to reduce carbon emissions
It plans to reduce its Scope 1 & 2 carbon emissions by 50% by 2030, more than tripling its previous target
Archive
Proactive weekly mining highlights: Rio Tinto, Greatland Gold, Tharisa...
A selection of this week's mining company stories at a glance
Rio Tinto lowers production guidance as the tight labour market in Western Australia bites
Third-quarter iron ore production at Pilbara was down year-on-year, partly due to "heritage management", which some of us thought Rio doesn't normally bother with
China a go-go? Share price movements in Glencore, Rio, BHP and Anglo are a bellwether for future economic trends
Chinese producer price index numbers have hit their highest since records began in 1996
Archive
FTSE 100 closes higher as investors shrug off inflation fears
The UK blue-chip index jumped 66 points, or 0.92%, to end at 7,207
Jobs in focus again as Hays reports while iron ore rebound should boost Rio Tinto
Day ahead: Hays, Rio Tinto, US jobs and National Express are among Thursday's features
World’s miners commit to net-zero emissions amid rising coal popularity
Meanwhile, a new study by Friends of the Earth Europe and the European Environmental Bureau suggested the EU must reduce extraction of natural resources by 65% “to prevent human and ecological disaster”
FTSE 100 dividend to rise close to all-time highs in 2021 and 2022
Miners make up five of the six biggest forecast dividend increases in 2021, but this number dwindles to just two based on forecasts for 2022