Rio Tinto Group (RIO)
| Market Cap | 113.46B |
| Revenue (ttm) | 54.04B |
| Net Income (ttm) | 10.06B |
| Shares Out | 1.72B |
| EPS (ttm) | 6.17 |
| PE Ratio | 10.62 |
| Forward PE | 8.68 |
| Dividend | $4.35 (6.58%) |
| Ex-Dividend Date | Mar 7, 2024 |
| Volume | 1,708,377 |
| Open | 65.46 |
| Previous Close | 66.41 |
| Day's Range | 65.30 - 66.02 |
| 52-Week Range | 58.27 - 75.09 |
| Beta | 0.65 |
| Analysts | Hold |
| Price Target | n/a |
| Earnings Date | Jul 30, 2024 |
About RIO
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining... [Read more]
Financial Performance
In 2023, RIO's revenue was $54.04 billion, a decrease of -2.72% compared to the previous year's $55.55 billion. Earnings were $10.06 billion, a decrease of -18.83%.
Financial StatementsNews
Two new solar farms for Gove Peninsula as Rio Tinto works to secure more sustainable power
NHULUNBUY, Australia--(BUSINESS WIRE)--Two new 5.25MW solar farms will be built on Gumatj and Rirratjingu country on the Gove Peninsula in the Northern Territory, as Rio Tinto works to secure a more s...
Rio Tinto completes construction of its solar power plant at Diavik Diamond Mine
YELLOWKNIFE, Canada--(BUSINESS WIRE)--Rio Tinto's Diavik Diamond Mine has completed installation of its 3.5 megawatt capacity solar power plant in Canada's Northwest Territories. The project represent...
Rio Tinto in talks to avert strike at Mongolian copper mine
Global miner Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an earlier strike in May...
Serbia's green activists rally against Rio Tinto lithium project
Scores of people in western Serbia's town of Loznica rallied on Friday to protest the contested Rio Tinto lithium project in the Balkan country, fearing its development will damage the environment.
Rio Tinto to install carbon free aluminium smelting cells using first ELYSISTM technology licence
MONTRÉAL--(BUSINESS WIRE)--Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec, Canada, using the first technology licence issued by the ELYSIS joint venture. T...
Calls of the Day: Rio Tinto, AT&T, Coca-Cola & Disney
The Investment Committee breaks down the latest Calls of the Day.
Global Boron Market Forecast Report, 2030: A Projected $2.8 Billion Opportunity Dominated by Eti Maden, Rio Tinto, and Rose Mill Co.
Dublin, June 25, 2024 (GLOBE NEWSWIRE) -- The "Boron Market Trends: Trends, Opportunities and Competitive Analysis [2024-2030]" report has been added to ResearchAndMarkets.com's offering. The future o...
Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters
Rio Tinto will acquire Mitsubishi Corp's 11.65% stake in Boyne Smelters for an undisclosed sum, the Australian mining giant said on Tuesday.
Rio Tinto to acquire Mitsubishi's 11.65% stake in Boyne aluminium smelter
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has agreed to acquire Mitsubishi Corporation's 11.65% interest in Boyne Smelters Ltd (BSL), which owns and operates the Boyne Island aluminium smelter ...
Rio Tinto invests $8 million in Pilbara conservation land management
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto will invest A$8 million over five years in a partnership with Western Australia's Department of Biodiversity, Conservation and Attractions (DBCA) on a new ...
Rio Tinto to develop $143 mln facility to test low-carbon iron-making process
Rio Tinto , will spend $143 million to develop a research and development facility in Western Australia to assess the effectiveness of its low-carbon iron-making process, the mining giant said on Tues...
Rio Tinto to develop BioIron™ R&D facility in Western Australia to test low-carbon steelmaking
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto will invest US$143 million (A$215 million) to develop a research and development facility in Western Australia to further assess the effectiveness of its l...
Rio Tinto signs deal to become sole owner of New Zealand Aluminium Smelters
Rio Tinto said on Friday it entered an agreement buy Sumitomo Chemical Co's 20.64% stake in New Zealand Aluminium Smelters (NZAS) to get full control of the country's only aluminum smelter.
BHP and Rio Tinto collaborate on battery-electric haul truck trials in the Pilbara
PERTH, Australia, May 28, 2024 (GLOBE NEWSWIRE) -- In an industry first, BHP and Rio Tinto will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Austr...
Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara
Top Australian miners Rio Tinto and BHP Group will work together for testing large battery-operated electric haul truck technology in the Pilbara region of Western Australia, Rio Tinto said on Monday.
Rio Tinto and BHP collaborate on battery-electric haul truck trials in the Pilbara
PERTH, Australia--(BUSINESS WIRE)--In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to acceler...
Rio Tinto should scrap its London listing, activist hedge fund says
Rio Tinto should scrap its London stock market listing and switch its primary listing to Sydney, in order to boost its share price by “nearly 40%”, an activist hedge fund has reportedly said.
Rio Tinto Faces Class Action Over Bougainville Mine Impact
A class action against Rio Tinto has been filed in a Papua New Guinea court in relation to a long-shuttered copper mine that it offloaded in 2016.
Rio Tinto Invokes Force Majeure on Australian Alumina Sales
The miner has declared force majeure on alumina shipments from operations in Australia's Queensland state because of a gas shortage.
Indigenous group to take fight against Arizona copper mine to Supreme Court
A Native American group said on Tuesday it will take its fight against Rio Tinto's proposed Arizona copper mine to the U.S. Supreme Court, after a federal appeals court refused to reconsider whether t...
Rio Tinto IOC recognized with Towards Sustainable Mining (TSM) Environmental Excellence Award
SEPT-ILES, Quebec--(BUSINESS WIRE)--Rio Tinto's Iron Ore Company of Canada (IOC) has won the Towards Sustainable Mining (TSM) Environmental Excellence Award for its contributions to the Abandoned Site...
Rio Tinto should not compete with BHP for Anglo American – investor says
Rio Tinto Ltd (ASX: RIO) should not compete with BHP Group Ltd (ASX: BHP) to take over Anglo American plc (LON: AAL), says Daniel Sullivan. He's a portfolio manager at Janus Henderson Investors.
Rio Tinto had considered a bid for BHP-target Anglo American, AFR says
Mining giant Rio Tinto had considered an offer for British miner Anglo American , which is now BHP Group's $39 billion takeover target, the Australian Financial Review reported on Friday.
Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid
The chair of Rio Tinto declined to comment on whether the world's second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.
Element Resources Acreage Lease at Rio Tinto U.S. Borax California Operations
LANCASTER, Calif.--(BUSINESS WIRE)-- #greenenergy--Notice of surface lease agreement between Element Resources and Rio Tinto Borax Mine for the development of green hydrogen & off-grid solar power.