Rio Tinto Group (RIO)
| Market Cap | 109.02B |
| Revenue (ttm) | 54.04B |
| Net Income (ttm) | 10.06B |
| Shares Out | 1.68B |
| EPS (ttm) | 6.17 |
| PE Ratio | 10.62 |
| Forward PE | 8.68 |
| Dividend | $4.35 (6.68%) |
| Ex-Dividend Date | Mar 7, 2024 |
| Volume | 2,153,541 |
| Open | 65.13 |
| Previous Close | 64.33 |
| Day's Range | 64.62 - 65.45 |
| 52-Week Range | 58.27 - 75.09 |
| Beta | 0.64 |
| Analysts | Buy |
| 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
Chile sees interest from Rio Tinto, LG, BYD and others for Altoandinos lithium site
Rio Tinto , BYD , LG Energy , Eramet and Posco are among the 12 companies that submitted proposals to develop a lithium project in Chile's Altoandinos salt flats, the state-run mining company ENAMI sa...
Rio Tinto class action over Bougainville mine damage set for October hearing
The first hearing date has been set in a class action against miner Rio Tinto for historical environmental and social damage caused by the Bougainville copper mine in Papua New Guinea that it operated...
Rio Tinto IOC donates CAN$200,000 to support the people and communities of Labrador West
LABRADOR CITY, Newfoundland and Labrador--(BUSINESS WIRE)--Rio Tinto's Iron Ore Company of Canada (IOC) has donated CAN$125,000 to the Canadian Red Cross to support relief efforts following the recent...
Rio Tinto ships 4 billion tonnes of iron ore to China
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto today celebrates the shipment of 4 billion tonnes of iron ore from the Pilbara in Western Australia to China. The shipment was loaded at Dampier Port on 19...
Major M&A deals are 'the only way' for mining companies like BHP and Rio Tinto to grow, says analyst
Hayden Bairstow, executive director and head of research at Argonaut, says volume growth for both companies is still "fairly muted."
Rio Tinto appoints new Copper Chief Executive
LONDON--(BUSINESS WIRE)--Rio Tinto has appointed Katie Jackson to lead its Copper business, succeeding Bold Baatar, who as previously announced, will become Chief Commercial Officer later this year. K...
Rio Tinto welcomes Serbia's reinstatement of Jadar lithium project licence
Mining group Rio Tinto , welcomed on Tuesday a Serbian government statement that it would reinstate a spatial plan licence for its Jadar project, a first step towards resuming development of Europe's ...
Rio Tinto releases second quarter production results
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Jakob Stausholm said: “Our operational performance continues to progress. While there are still significant improvements ahead, we are ...
Rio Tinto shuts iron ore mine in eastern Canada amid wildfires
Rio Tinto on Monday said it has initiated a "coordinated shutdown" at the Iron Ore Company of Canada in Newfoundland and Labrador in response to an evacuation order issued by the local government over...
Australia's Rio Tinto to pursue development of solar farm for WA iron ore ops
Australia's Rio Tinto said on Monday it has agreed to develop an 80 megawatt (MW) solar farm to facilitate the supply of renewable energy to its operations in Western Australia's Pilbara region.
Vale, Sir Roderick Carnegie AC – Rio Tinto statement
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto extends its condolences and deepest sympathies to the family of former Conzinc Riotinto of Australia Limited (CRA) Chief Executive, Chairman and Managi...
Ngarluma and Rio Tinto to progress renewable energy project
PERTH, Australia--(BUSINESS WIRE)--Ngarluma Aboriginal Corporation (NAC) and Rio Tinto have agreed to pursue the development of an 80MW solar farm on Ngarluma Country, near Karratha, to supply renewab...
Rio Tinto considers $32 billion acquisition of Canadian mining giant Teck Resources
In a move that could significantly reshape the mining industry, Rio Tinto, the global mining giant listed in London and Sydney, is reportedly considering buying Teck Resources. Following BHP's unsucc...
Rio Tinto contributes A$40 million towards Paraburdoo and Tom Price Hospitals
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto will contribute A$20 million to the Western Australian Government towards the major redevelopment of the Paraburdoo Hospital, in the state's Pilbara region...
SAGA Metals and Rio Tinto Sign Option to Joint Venture Agreement for Lithium Asset in Eastern James Bay, Québec
VANCOUVER, British Columbia, July 03, 2024 (GLOBE NEWSWIRE) -- Saga Metals Corp. (the “Company” or “Saga”), a North American exploration company focused on critical mineral discovery in Canada, is ple...
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 ...