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Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  43.00 0.9% 4,824.50 1,144,973 13:46:11
Bid Price Offer Price High Price Low Price Open Price
4,823.50 4,825.00 4,838.50 4,672.00 4,720.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 46,952.82 22,800.16 60,586
Last Trade Time Trade Type Trade Size Trade Price Currency
13:46:11 AT 48 4,824.50 GBX

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Date Time Title Posts
27/9/202211:37RIO TINTO-THE INVESTORS INFORMATION LINE7,772
12/8/202208:59Rio Tinto Investors thread409
11/3/202215:32RIO - TRADERS THREAD55,238
22/2/202215:55Rio Share price14
22/1/202223:01serbia scrap rio lithium mine plans...power to Novak..justice!1

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Rio Tinto (RIO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:46:114,824.50482,315.76AT
12:46:054,828.506289.71O
12:45:484,827.50854,103.38AT
12:45:484,827.00703,378.90AT
12:45:484,827.00703,378.90AT
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Rio Tinto (RIO) Top Chat Posts

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Posted at 20/9/2022 13:41 by eggbaconandbubble
.....but as usual Barclays put no time scale on when GLEN will have doubled its share price. Brokers always ready to give target prices but not so keen to put a date when such will be achieved. I'm damn certain RIO price will double and I'll be telling you "I told you so' sometime before 2030!!! You heard it here first. As they say!
Posted at 01/9/2022 08:39 by the grumpy old men
Rio Tinto to gain control of Mongolian copper mine as it snaps up remaining stake in Canadian rival for £2.9bn Oyu Tolgoi project in Mongolia is one of the world's largest copper deposits Rio Tinto's previous £2.3bn and £2.6bn bids had been rejected By Camilla Canocchi for Thisismoney.co.uk Published: 08:18 BST, 1 September 2022 | Updated: 08:18 BST, 1 September 2022 e-mail View comments Rio Tinto has agreed to buy the rest of Canadian copper miner Turquoise Hill Resources it does not already own for $3.3billion (£2.9billion). The deal will allow the dual-listed company to secure direct ownership of the Oyu Tolgoi project in Mongolia, one of the world's largest known copper deposits. Rio operates the mine but does not have direct ownership of it. Rio currently holds a 51 per cent stake in Turquoise Hill, which itself owns 66 per cent of the mine, while the remainder is controlled by the Mongolian government. Rio Tinto expects the deal to close towards the end of year, if shareholders approve it Oyu Tolgoi is vital for Rio as it looks to mine more metals used in low-carbon technology and shift away from iron ore, a key steelmaking ingredient which generates most of its revenue. Rio Tinto will pay C$43 per share in cash, which represents a more than 19 per cent premium to the stock's last close. The offer is also higher than the sweetened £2.6billion it made last month and the £2.3billion bid it made in March, both of which were rejected. Rio Tinto expects the deal to close towards the end of year if it gets the approval of 67 per cent of shareholders. Rio Tinto chief executive, Jakob Stausholm, said: 'Rio Tinto is committed to moving Oyu Tolgoi forward in direct partnership with the Government of Mongolia to realise its full potential for all stakeholders. 'This agreement represents another significant step following the recent commencement of the underground operations, and will simplify governance, improve efficiency and create greater certainty of funding for the long-term success of the Oyu Tolgoi project.' Rio Tinto shares fell 2.3 per cent at the open in London to 4,660p.
Posted at 01/9/2022 06:24 by waldron
SYDNEY--Rio Tinto PLC said it has agreed terms with Turquoise Hill Resources Ltd. to acquire the remaining shares in the Mongolia-focused copper miner that it doesn't already own. Rio Tinto said it has agreed to pay 43 Canadian dollars (US$33) in cash to acquire all of the outstanding shares of Turquoise Hill, representing an improvement on its most recent offer of C$40 per share. Turquoise Hill, which is 51%-owned by Rio Tinto, has a 66% interest in the Oyu Tolgoi copper-gold mine in Mongolia. Rio Tinto said the C$43-a-share proposal represents its best and final offer, and that it values the Turquoise Hill minority share capital at around US$3.3 billion. It has also agreed to several new measures aimed at boosting Turquoise Hill's liquidity in the near term. "This agreement represents another significant step following the recent commencement of the underground operations, and will simplify governance, improve efficiency and create greater certainty of funding for the long-term success of the Oyu Tolgoi project," said Jakob Stausholm, Rio Tinto's chief executive. If the transaction is successful Rio Tinto will hold a 66% interest in Oyu Tolgoi with the remaining 34% owned by Mongolia's government. Write to David Winning at david.winning@wsj.com (END) Dow Jones Newswires September 01, 2022 00:26 ET (04:26 GMT)
Posted at 15/8/2022 14:13 by waldron
Michele Maatouk Sharecast News 15 Aug, 2022 12:11 15 Aug, 2022 12:51 Turquoise Hill rejects $2.7bn takeover offer from Rio Tinto Miner Rio Tinto reiterated its $2.7bn takeover offer for Canada’s Turquoise Hill Resources on Monday after it was rejected. In March, Rio offered CAD34 per share for the shares of Toronto-listed Turquoise Hill it does not already own. However, the company said on Monday that the offer "does not fully and fairly reflect the fundamental and long-term strategic value" of the group’s majority ownership of the Oyu Tolgoi project. It also said the offer price was "well below a range of values implied by TD Securities’ preliminary analysis". Maryse Saint-Laurent, chair of the Special Committee of independent directors of Turquoise Hill, said: "Market conditions in the equity and copper markets have changed significantly since the receipt of Rio Tinto’s privatisation proposal in March. At the same time, the company has continued to make positive progress on the underground project. The Special Committee has considered all relevant factors in reaching its decision, including TD’s preliminary indications of value analysis. "The Special Committee will now concentrate on the other major elements of its mandate and support company management in raising at least US$650m in new equity by year-end as required under our funding agreement with Rio Tinto." Rio said it was disappointed by the decision and still believes the terms of the deal "would deliver compelling value for Turquoise Hill minority shareholders". It would also provide certainty of an all-cash offer at an attractive premium of 32% to Turquoise Hill's closing price share price on 11 March, it added.
Posted at 15/8/2022 06:32 by waldron
Turquoise Hill Resources Ltd. Monday said a special committee of independent directors found a takeover proposal from majority shareholder Rio Tinto PLC isn't in the best interest of the company or its minority shareholders. Turquoise Hill, which is 51%-owned by Rio Tinto, has a 66% interest in the Oyu Tolgoi copper-gold mine in Mongolia. In March, Rio Tinto made an all-cash offer to buy the shares it doesn't hold in Turquoise Hill for 34 Canadian dollars (US$26.57) each, a 32% premium to the last closing price before the offer was announced. This proposal valued the Turquoise Hill minority share capital at roughly US$2.7 billion. On Monday, Turquoise Hill said its special committee was terminating its review of Rio Tinto's proposal, which it said "does not fully and fairly reflect the fundamental and long-term strategic value of the company's majority ownership of the Oyu Tolgoi project." Preliminary indications of value conducted by TD Securities found Rio Tinto's offer "was well below a range of values implied by TD's preliminary analysis," Turquoise Hill said. "Engagement between the parties has not resulted in a consensus on value and price or in any improved proposal from Rio Tinto," it said. Rio Tinto couldn't immediately be reached for comment. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires August 15, 2022 01:09 ET (05:09 GMT)
Posted at 27/7/2022 08:18 by waldron
Rio Tinto PLC said its first-half profit fell by 28% as iron-ore prices weren't as strong and it grappled with rising costs, prompting a sharp cut in its midyear payout to shareholders. The world's second-biggest mining company by market value reported net earnings of $8.91 billion for the six months through June, down from $12.31 billion a year earlier. Underlying earnings fell by 29% to $8.63 billion, surpassing an $8.37-billion estimate compiled by Visible Alpha from 13 analysts' forecasts. Rio Tinto said it would pay investors an ordinary dividend of $2.67 a share. The miner paid out $5.61 a share at the same time a year ago, which included a special dividend that wasn't repeated. "The market environment has become more challenging at the end of the period," Chief Executive Jakob Stausholm said. Rio Tinto's first-half iron-ore shipments from its Australian operations were 2% weaker than a year ago, and the price received for its ore was sharply lower, the company said earlier this month. Rio Tinto received an average $110.90 a wet metric ton for the commodity in the first six months of the year, compared to $154.90 a ton in the first half of 2021. Iron-ore prices tumbled during the second quarter of the year as Covid-19 restrictions in China sapped steel demand. Rio Tinto is the world's top producer of iron ore, the main ingredient in steel, and sales of the commodity account for most of its earnings. Rio Tinto benefited from a sharp rise in the value of aluminum during the period, as well as higher copper prices. The price of its aluminum surged by 45% year-on-year amid fears of disruption to Russian production, although the miner's own output fell due to reduced capacity at a smelter in British Columbia that followed a labor strike. Rio Tinto stuck by its full-year targets on operating costs but said inflation and higher energy prices had left their mark. The company said swings in energy prices cut underlying earnings before interest, tax, depreciation and amortization--or Ebitda--by $560 million in the half, mainly due to the higher cost of fuelling its trucks, trains and ships with diesel. General inflation cut the company's underlying Ebitda by $595 million. Companies industry-wide have been grappling with cost inflation in recent quarters, as prices for energy, labor and essential raw materials increase. Producers of aluminum have been especially challenged, with first-half index prices for natural gas and caustic soda double levels of a year earlier. Still, a weaker Australian dollar aided Rio Tinto, which has a large operational footprint in Australia but reports its earnings in U.S. dollars, the company said. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires July 27, 2022 02:55 ET (06:55 GMT)
Posted at 27/7/2022 07:38 by waldron
CHEERS mET Dividend The 2021 final dividend and special dividend was paid on 21 April 2022 to holders of Rio Tinto plc and Rio Tinto Limited ordinary shares and Rio Tinto plc ADR holders. The 2021 final dividend, equivalent to 417 US cents per share and the 2021 special dividend, equivalent to 62 US cents, was determined by the board on 22 February 2022. Rio Tinto plc shareholders received 306.72 pence per share for the final dividend and 45.60 pence per share for the special dividend and Rio Tinto Limited shareholders received 577.04 Australian cents per share for the final dividend and 85.80 Australian cents per share for the special dividend based on the applicable exchange rates on 22 February 2022. ADR holders receive dividends at the declared rate in US dollars. The 2022 interim dividend, equivalent to 267 US cents per share will be paid on 22 September 2022 to Rio Tinto Limited, Rio Tinto plc and Rio Tinto plc ADR shareholders on the register at the close of business on 12 August 2022. The ex-dividend date for the 2022 interim dividend for Rio Tinto Limited, Rio Tinto plc and Rio Tinto plc ADR shareholders is 11 August 2022. Rio Tinto plc shareholders will receive 221.63 pence per share for the interim dividend and Rio Tinto Limited shareholders will receive 383.70 Australian cents per share for the interim dividend based on the applicable exchange rates on 26 July 2022. ADR holders receive dividends at the declared rate in US dollars.
Posted at 15/7/2022 07:23 by waldron
TOP NEWS: Rio Tinto interim aluminium output drops on Canada strikes Fri, 15th Jul 2022 07:07 Alliance News (Alliance News) - Rio Tinto PLC on Friday reported it produced less aluminium in the first half of 2022 due to strikes in Canada, while titanium dioxide slag production fell due to cyclones in Madagascar. The Anglo-Australian miner produced 1.5 million tonnes of aluminium for the six months ended June 30, down 9% from the same period a year before. Following this, it lowered its aluminium production guidance for 2022 to 3.0 to 3.1 million tonnes from 3.1 to 3.2 million tonnes in its previous guidance. "Aluminium production of 700,000 tonnes was 10% lower than the second quarter of 2021 due to reduced capacity at our Kitimat smelter in British Columbia following the strike which commenced in July 2021. A controlled restart began at the end of the second quarter of 2022 with ramp-up progressing subject to plant stability," Rio Tinto explains. Meanwhile, its titanium dioxide slag production fell 2% to 566,000 tonnes for the first half, due to operational disruptions following cyclones in Madagascar. Pilbara iron ore production decreased 1% to 150.3 million tonnes due to stronger rainfall in May in Pilbara, Australia. For the second quarter, Pilbara production was up 4% year-on-year to 78.6 million tonnes as production volumes ramped up. Rio Tinto mined 7% more copper in the first half of 2022, at 252,000 tonnes. "Higher rates of inflation have increased our closure liabilities with an impact to underlying earnings. In the first half of 2022, this resulted in increased charges of approximately USD400 million pre-tax within underlying earnings compared with the first half of 2021, including a USD300 million increase in amortisation of discount, with the remainder impacting earnings before interest, tax , depreciation and amortisation" the company said. "We made progress against our four objectives during the first half and we are determined to further strengthen Rio Tinto while investing to grow in the commodities needed for the energy transition, decarbonise our portfolio, be a partner and employer of choice, maintain our tight capital allocation and continue to pay attractive dividends," said Chief Executive Officer Jakob Stausholm. Shares in Rio Tinto were down 2.1% at AUD93.96 on Friday in Sydney. By Tom Budszus; tombudszus@alliancenews.com
Posted at 15/7/2022 05:48 by waldron
Rio Tinto PLC on Friday sounded a cautious note on the global economic outlook, even as it reported a lift in shipments of its flagship product iron ore, the main ingredient in steel. The Anglo-Australian mining company highlighted concerns about a growing risk of a recession, and said the trade disruptions, food protectionism and energy crisis squeezing supply chains will need to ease significantly before inflation pressures subside. "The economic outlook is weakening due to the Russia-Ukraine war, tighter monetary policy to curb rising inflation, and targeted Covid-19 restrictions in China," said Rio Tinto, the world's second largest mining company. Higher rates of inflation have increased the miner's closure liabilities, it said. Rio Tinto estimated a roughly US$400 million pretax hit to underlying earnings in its first fiscal half. Faced with falling commodity prices, Chief Executive Jakob Stausholm sought to reassure investors on the miner's strategy. "We are determined to further strengthen Rio Tinto while investing to grow in the commodities needed for the energy transition, decarbonize our portfolio, be a partner and employer of choice, maintain our tight capital allocation and continue to pay attractive dividends," he said. The company on Friday said it produced more iron ore and copper in its fiscal second quarter versus a year earlier, but downgraded full-year goals for aluminum and diamond output. It reported shipments of 79.9 million metric tons from its mammoth iron-ore operations in Australia's Pilbara during the three months through June, up 5% on a year ago. Alongside Brazil's Vale SA, Rio Tinto is the world's top producer of the steel ingredient. Its full-year estimate for Australian iron-ore shipments is unchanged, at 320 million-335 million tons, although Rio Tinto cautioned on potential impacts from the Covid-19 pandemic. It also said guidance is dependent on a smooth ramp-up of its new Gudai-Darri operation and the availability of skilled labor, as worker shortages challenge the industry. The miner also recorded a 9% year-on-year rise in second-quarter mined copper output, to 126,000 tons, and a 3% increase in bauxite production, to 14.1 million tons. However, second-quarter aluminum output tumbled by 10%, to 731,000 tons, after a labor strike reduced capacity at its Kitimat smelter in British Columbia. "A controlled restart began at the end of the second quarter of 2022, with ramp-up progressing subject to plant stability," the miner said. Production at the Boyne smelter in Australia's Queensland state was impacted by Covid-19-related absenteeism. Rio Tinto cut its fiscal-year aluminum production goal to 3.0 million-3.1 million tons, from 3.1 million-3.2 million previously. It pared its alumina guidance to 7.6 million-7.8 million tons, from 8.0 million-8.4 million. The miner also reduced its full-year diamonds production estimate to 4.5 million-5.0 million carats, from 5.0 million-6.0 million. A build up of maintenance and impacts from the Covid-19 pandemic impacted performance during the half, it said. Rio Tinto said it continues to negotiate the restart of work at the Simandou iron ore project in Guinea. The military junta in Guinea Conakry has suspended Rio Tinto and the Winning Consortium Simandou from mining activities on the iron-ore deposit after a deadline to create a joint venture was missed. Rio Tinto is also "continuing to explore all options" for its Jadar lithium project in Serbia. Officials in January revoked Rio Tinto's licenses for the project following community protests over environmental concerns. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires July 14, 2022 19:59 ET (23:59 GMT)
Posted at 26/5/2022 15:13 by maywillow
Rio Tinto and bp sign one-year trial of marine biofuels Oil & GasDownstreamRefining & Processing By NS Energy Staff Writer 24 May 2022 Under the trial, bp is supplying Rio Tinto with marine biofuel for approximately 12 months rio-tinto-press-release.png.img.750.medium Rio Tinto and bp sign one-year trial of marine biofuels. (Credit: BP p.l.c.) Rio Tinto and bp have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto’s marine fleet. Under the trial, bp is supplying Rio Tinto with marine biofuel for approximately 12 months. The fuel will be trialled on Rio Tinto’s RTM Tasman vessel on a mix of Transatlantic and Atlantic-Pacific routes, in one of the longest-duration marine biofuel trials to date. The results of the trial will help Rio Tinto study ways to reduce its carbon emissions from its marine fleet and inform its future biofuel strategy. Sven Boss-Walker, senior vice president refining & products trading said: “Sustainable biofuels are important to help decarbonise the shipping industry in the near- and mid-term as we transition towards longer term net zero solutions. We’re proud to be working with Rio Tinto to support their work to decarbonise. These trials are part of our ongoing efforts to help accelerate the shipping industry’s energy transition.” Rio Tinto Head of Commercial Operations, Laure Baratgin said “Sustainable biofuels have the potential to be an important transition fuel on the way to net-zero marine emissions and we are pleased to be working with bp to carry out this long-term trial. “A longer-duration trial will provide important information on the potential role and wide scale use of biofuels, and aligns with our goals to reduce marine emissions across our value chain and support efforts to decarbonise the maritime industry. “Our ambition is to reach net-zero emissions from shipping of our products to customers by 2050 and to introduce net-zero carbon vessels into our portfolio by 2030. We know that we won’t meet these ambitions alone and along the way will need to work with capable and experienced companies such as bp.” Sven Boss-Walker, senior vice president refining & products trading, bp said “Sustainable biofuels are important to help decarbonise the shipping industry in the near- and mid-term as we transition towards longer term net zero solutions. We’re proud to be working with Rio Tinto to support their work to decarbonise. These trials are part of our ongoing efforts to help accelerate the shipping industry’s energy transition.” The extended trial agreement follows a successful journey on the RTM Tasman after it refuelled with biofuel in Rotterdam in March 2022 for the first time and then picked up its first load of the trial at the Iron Ore Company of Canada’s Sept-Îles port in Quebec in April. All biofuel refuelling during the trial will be at Rotterdam. The trial is using a bp-manufactured B30 biofuel blend composed of 30% fatty acid methyl esters (FAME) blended with very low sulphur fuel oil (VLSFO). This B30 biofuel blend can reduce lifecycle carbon dioxide emissions by up to 26% compared to standard marine fuel oil. FAME is a renewable alternative fuel (biodiesel) largely produced from recycled cooking oils and renewable oil sources. It has physical properties similar to conventional diesel, and is a ‘drop in fuel’, requiring no modifications to the engine or vessel. The origination and production of the feedstocks used to produce the FAME is certified for its sustainability to internationally recognized standards. Working with bp and the ship managers Anglo Eastern, the trial will analyse a series of engine and fuel performance factors, including engine efficiency and fuel consumption, corrosion and degradation, microbial growth, temperature impact, fuel switching impacts and fuel stability. Rio Tinto is also accelerating the delivery of its climate commitments on shipping. It has delivered a 30% intensity reduction on its owned and time-chartered fleet from a 2008 baseline, and is on track to meet the International Maritime Organisation’s 2030 targets of a 40% reduction in emissions five years early, by 2025. bp is working with companies in key industrial sectors such as shipping, that have significant carbon emissions to manage, supporting their work to decarbonize. Source: Company Press Release
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