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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.34 | 1.03% | 130.85 | 129.51 | 130.99 | 131.175 | 128.98 | 130.37 | 1,812,454 | 09:50:00 |
From Apr 2019 to Apr 2024
Shares in Rio Tinto PLC (RIO.LN) rose 2.3% in London on Thursday after the Anglo-Australian mining company launched a $3.2 billion share buyback, a market move that helped boost exchange-traded fund PICK.
--According to fund issuer BlackRock, Rio Tinto accounts for 7.37% of the total PICK ETF, behind rival BHP Billiton Ltd. (BHP.AU), which represents 9.46%.
--The ETF, iShares MSCI Global Metals & Mining Producers (PICK), has net assets of $384.2 million. Its shares rose 2.3% in early trade at $32.55.
--Rio Tinto's share buyback is part of a move to return proceeds from the sale of coal assets to its shareholders. Its London-traded shares at 1351 GMT rose 84.50 pence to 3,807 pence.
--Investment bank Jefferies said it also expects proceeds from the $3.5 billion sale of its Grasberg mine in Indonesia to be returned to shareholders.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
September 20, 2018 10:16 ET (14:16 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Rio Tinto Chart |
1 Month Rio Tinto Chart |
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