ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

RIO Rio Tinto Plc

5,037.00
61.50 (1.24%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  61.50 1.24% 5,037.00 1,837,769 16:35:02
Bid Price Offer Price High Price Low Price Open Price
5,030.00 5,032.00 5,085.00 5,010.00 5,041.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 54.86B USD 10.06B USD 6.1815 8.14 80.96B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 O 2,623 5,037.00 GBX

Rio Tinto (RIO) Latest News (1)

Rio Tinto (RIO) Discussions and Chat

Rio Tinto Forums and Chat

Date Time Title Posts
26/7/202405:48RIO TINTO-THE INVESTORS INFORMATION LINE8,681
08/3/202416:02RIO - TRADERS THREAD55,240
24/2/202313:42Rio Tinto Investors thread410
22/2/202215:55Rio Share price14
22/1/202223:01serbia scrap rio lithium mine plans...power to Novak..justice!1

Add a New Thread

Rio Tinto (RIO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:025,037.002,623132,120.51O
2024-07-26 15:35:025,037.0082841,706.36O
2024-07-26 15:35:025,037.0080040,296.00AT
2024-07-26 15:35:025,037.0073637,072.32AT
2024-07-26 15:35:025,037.00643,223.68AT

Rio Tinto (RIO) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Rio Tinto Daily Update
Rio Tinto Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker RIO. The last closing price for Rio Tinto was 4,975.50p.
Rio Tinto currently has 1,627,108,312 shares in issue. The market capitalisation of Rio Tinto is £81,859,819,177.
Rio Tinto has a price to earnings ratio (PE ratio) of 8.14.
This morning RIO shares opened at 5,041p
Posted at 24/7/2024 14:37 by philanderer
MELBOURNE - The first hearing date has been set in a class action against miner Rio Tinto RIO.AX for historical environmental and social damage caused by the Bougainville copper mine in Papua New Guinea that it operated in the 1970s and 1980s, lawyers said
Posted at 17/7/2024 10:01 by philanderer
Berenberg cuts Rio Tinto price target to 5,700 (5,800) pence - 'hold'

JPMorgan cuts Rio Tinto price target to 6,500 (6,650) pence - 'overweight'

DZ Bank cuts fair value for Rio Tinto to 5,300 (5,500) pence - 'hold'
Posted at 16/7/2024 18:51 by philanderer
Crafty, re the dividend. This from 'ii' today...


The update, which was posted ahead of half-year results due on 31 July, left Rio Tinto shares down 170p to their lowest level since April at 5021p.

The company’s policy is to pay a dividend between 40% and 60% of its earnings through the cycle, with UBS forecasting an award of $3.1 billion or 193 US cents (148.8p) share for a 50% ratio.

The award had been 376 US cents in August 2021, when Rio also included a special dividend of 185 US cents for a total distribution of $9.1 billion equivalent to a 75% payout ratio.

UBS said: “Looking at the last eight reporting periods, Rio typically pays out 50% of earnings at the interim; the final dividend is typically sufficient to get the full-year payout ratio up to 70-80%, although this has ranged from 60% to 160%.”
Posted at 02/7/2024 19:13 by nick100
Rio Tinto completes construction of its solar power plant at Diavik Diamond Mine 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 represents the largest off-grid solar power plant across Canada’s territories.

The 6,620-panel facility is expected to generate 4.2 million kilowatt-hours of solar energy annually, reducing diesel consumption at Diavik by one million litres per year and cutting greenhouse gas (GHG) emissions by 2,900 tonnes of CO(2) equivalent. This is comparable to removing 630 cars from the road each year.

The solar power plant will provide up to 25% of Diavik’s electricity during closure work, with commercial production at the mine expected to end in 2026 and closure to run until 2029. The facility is equipped with bi-facial panels which not only generate energy from direct sunlight, but also from the light that reflects off the snow that covers Diavik for most of the year.

The solar project complements a wind power plant at Diavik, which has been operating since 2012 and is the largest wind power installation in Canada’s North, having generated over 195 million kilowatt-hours of electricity since activation.

Chief Operating Officer of Diavik Diamond Mine Matthew Breen said: “The largest off-grid solar power plant in Canada’s North is our latest commitment to the environment we live and work in, and will improve the energy efficiency of our operations at Diavik. We are proud to lead the way for large-scale renewable energy projects in Canada’s North.” The project was supported by C$3.3 million in funding from the Government of the Northwest Territories’ Large Emitters GHG Reducing Investment Grant Program.

It is the first project in the Northwest Territories to benefit from funding from the Large Emitters Grant, which sets aside a portion of carbon tax paid by large operations such as Diavik for projects that commit to GHG reduction projects in the territory.

Northwest Territories’ Minister of Infrastructure Caroline Wawzonek said: “I commend Rio Tinto for the completion of the largest off-grid solar plant in Canada’s North at the Diavik mine. The project demonstrates Rio Tinto’s leadership when it comes to reducing emissions, and signals potential for leadership in the renewable energy sector in and by the North. The Government of the Northwest Territories is proud to have contributed to the project through the Large Emitters GHG Reducing Investment Grant program, which provides funding to industry to reduce emissions as part of our made-in-the-NWT approach to the federal carbon tax.” Construction began in February 2024, contracted to Whitehorse-based Solvest Inc. and the Indigenous-owned Tłıchǫ; Investment Corporation, with support from Diavik. Approximately 30% of the construction workforce came from the Tłıchǫ; Investment Corporation.

CEO of Solvest Inc. Ben Power said: “Building off the success of their wind farm constructed in 2012, Diavik has taken another significant step forward in demonstrating the viability of renewable energy for Northern and off-grid mines. Solvest is proud to have had the opportunity to work with our partners at Tłıchǫ; Investment Corporation to construct the largest off-grid solar power plant in Canada’s North. We believe this project provides a blueprint to facilitate the integration of solar into mines across Canada and in Northern regions.” Diavik is working with the Government of the Northwest Territories and community partners to determine how its renewable energy infrastructure can best benefit the region following closure.

Rio Tinto is progressing decarbonisation initiatives across its global operations, with the aim of reducing its Scope 1 and 2 GHG emissions by 50% by 2030 and to achieve net zero across its operations by 2050.
Posted at 28/6/2024 00:17 by philanderer
Not sure what this is about

3pm uk time tomorrow


Governments of Canada and Quebec to make an announcement about Rio Tinto’s aluminium production



June 27, 2024 – Saguenay, Quebec

The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, Pierre Fitzgibbon, Quebec Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region, Andrée Laforest, Minister of Municipal Affairs and Minister Responsible for the Saguenay–Lac-Saint-Jean Region, and Sébastien Ross, Managing Director of Atlantic Operations at Rio Tinto Aluminium, will participate in a press conference on Rio Tinto’s aluminium production.

Date: Friday, June 28, 2024

Time: 10 am (ET)

Location: Saguenay, Quebec
Posted at 22/5/2024 04:22 by greendig
Rio Tinto has declared force majeure on its Queensland smelters stating that it will take longer to repair gas supplies after a fire in March. This only affects third party contracts and Rio’s own smelters are unaffected.

Won’t this mean a protracted restriction in third party aluminium production potentially increasing prices while Rio’s own production is unaffected?

Sounds like it should be good for Rio?
Posted at 20/5/2024 14:36 by philanderer
Citi downgrades Rio Tinto on rising China concerns


Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.

As for Friday's closing price of 5,785p, the stock had risen by around 27% since last August, but its deep discount to the wider sector has "now eroded", Citi said.

"We still have China macro concerns. We are unlikely to see any meaningful support for steel demand from recently announced property easing; all property indicators are still in deep contraction," the bank said.

"While the recent Politburo meeting pledged to support the property sector through supply and inventory management (to stabilise house prices and sales), Citi thinks this is unlikely to stimulate incremental steel demand."

Citi added that China steel mills are now loss-making again and we are entering into a period of seasonal weakness for mining equities.

The bank has left its 6,000p target price unchanged, which suggests very little upside to the stock, which was up 0.3% at 5,801p by 0935 BST.


Sharecast.com
Posted at 12/4/2024 08:22 by spud
Notice of dividend currency exchange rates - 2023 final dividend12 April 2024 On 21 February 2024, Rio Tinto announced a final dividend of 258.00 US cents per share for the full year ended 31 December 2023, with Rio Tinto Limited shareholders to be paid a final dividend of 392.78 Australian cents per ordinary share and Rio Tinto plc shareholders to be paid a final dividend of 203.77 British pence per ordinary share. American Depositary Receipt (ADR) holders will receive the dividends in US dollars as announced on 21 February 2024. The currency exchange rates which apply to Rio Tinto Limited shareholders who elect to receive the final dividend in pounds sterling or New Zealand dollars and Rio Tinto plc shareholders who elect to receive the final dividend in Australian dollars or New Zealand dollars are the currency exchange rates applicable on 11 April 2024. spud
Posted at 23/1/2024 09:33 by anhar
Prices nearly all move randomly in the short term. People then ascribe what they see as reasons for this but there is no explanation in most cases. Thus Morgan Stanley was not responsible for the above mentioned fall, nor is China the reason for the above mentioned rise so far today.

The reason that there's no reason is that big cap share prices are the net effect of institutional trades at any point. Because they all have different individual motives to buy or sell, this means that taken together there is no single reason for a price change, mostly.

I get that it's hard for many to accept that randomness rules, not just share prices but a lot of events in life, but imo that is the way it is.

As purely an income investor I've held RIO and many other shares in my port for a very long time, having decades ago ceased trying to score from trading. Long term, prices tend to reflect company performance, short term it's just a random gamble which one is very unlikely to win over time and many trades.
Posted at 19/8/2023 12:16 by misca2
7% dividend yields! 2 FTSE 100 shares I’m considering buying following the recent mini-crash

These FTSE 100 shares offer spectacular all-round value. Here’s why I’m aiming to snap them up for my portfolio when I next have cash to invest.

Royston Wild❯

Published 19 August, 7:31 am BST



As a value investor I’m always looking for opportunities to buy beaten-down bargains. So a sudden fall in the value of many FTSE 100 shares in recent days has grabbed my attention.

Mounting concerns over China’s economy have driven the FTSE’s fresh decline. But I’m confident that the index will eventually recover, and that individuals who invested at current levels could make a packet. It’s a strategy that billionaire investor Warren Buffett has used to build his incredible wealth.


The past isn’t always a reliable guide to what comes next. However, history shows us that economic crises come and go, and that stock markets always bounce back strongly following periods of weakness.


With this in mind, here are two FTSE 100 stocks I’m thinking of buying today. I believe they could soar in value over the next decade.



1. Rio Tinto

Property firm Evergrande’s claim for US bankruptcy protection shook the share prices of mining stocks again last week. The application has reignited fears over China’s property sector and darkened the outlook for future commodities demand.

Rio Tinto (LSE:RIO) is one of many metals producers whose share prices have toppled in the gloom. The company’s reliance on iron ore — a key steelmaking ingredient — to drive profits leaves it especially vulnerable to a construction industry collapse.

But at current prices I still find the FTSE share very attractive. Not only does it trade on a forward price-to-earnings (P/E) ratio of 8.6 times, it also carries a mighty 7% dividend yield at a current price of £45.65.

At these levels, I think the threat of a sharp slowdown in Chinese commodities demand is baked in. In fact, continued monetary support from Beijing suggests that a painful downturn could be averted altogether.

I think Rio Tinto shares are attractive for long-term investors like me. As the green economy takes off, demand for industrial metals could rise strongly over the next decade. Rapid emerging market urbanisation and rising digitalisation could also push commodities consumption skywards, pulling Rio’s share price with it.
Rio Tinto share price data is direct from the London Stock Exchange