Rio Tinto Plc
RIO.L
Rio Tinto Plc
SymbolISINCurrencyExchange
RIO.LGB0007188757GBXLondon Stock Exchange
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RNS Number: 5461 W Rio Tinto PLC 17 April 2019 17 April 2019. Rio Tinto plc- Transaction in own shares. Rio Tinto plc today announces that on 17 April 2019 it purchased the following number of ordinary shares of 10 pence each in the Company on the London Stock Exchange from J.P.
Rio Tinto Plc (RIO.L) Announced that its Group Executive Joanne Farrell has decided to retire after nearly 32 years with the company and will leave the company at the end of September 2019.
RNS Number: 4133 W Rio Tinto PLC 17 April 2019 Joanne Farrell to retire as Rio Tinto Group executive. Rio Tinto Group executive Joanne Farrell has decided to retire after nearly 32 years with Rio Tinto and will leave the company at the end of September 2019.. Joanne joined Rio Tinto in 1987 and has worked in a variety of roles across human resources, health, safety,...
RNS Number: 4031 W Rio Tinto PLC 16 April 2019 16 April 2019. Rio Tinto plc- Transaction in own shares. Rio Tinto plc today announces that on 16 April 2019 it purchased the following number of ordinary shares of 10 pence each in the Company on the London Stock Exchange from J.P.
Shares in Rio Tinto (RIO) may be on a tear so far in 2019, but operationally, the mining giant is falling far short of expectations. In a first quarter trading update, released this morning, Rio said shipments of iron ore were 14 per cent lower year-on-year, and “significantly impacted by the weather disruptions in March and the fire at Cape Lambert A in January”. In fact, these events are likely to knock second quarter production, and has led to a downgrade in full-year iron ore shipment guidance to between 333 and 343 million tonnes (from 338 to 350 million tonnes, previously). Copper, titanium dioxide, bauxite and iron ore pellet production were all up year-on-year.
Mining giant Rio Tinto has cut its 2019 guidance for its iron ore Pilbara shipments to between 333 and 343 million tons (MT), down from 338 and 350MT, after tropical cyclones struck ports in Western Australia. The company reported shipments of iron ore were 14% lower than in the first quarter of 2018. Chief Executive Officer J-S Jacques said that, elsewhere in the company, Rio’s quarterly operational performance was “generally higher than last year.”
Rio Tinto (RIO LN) 4708.5p, Mkt cap £79.99bn – Cyclone disruption to Pilbara iron ore business overshadows solid production quarter • Rio Tinto reports a solid “quarterly operational performance in our other products” in the first quarter of 2019, but the quarterly results also draw attention to Australian the iron ore business which “faced several challenges at the start of this year, particularly from tropical cyclones. As a result, and following the continuing assessment of damage at the port resulting from the cyclones and other minor disruptions, 2019 guidance for Pilbara shipments is reduced to between 333 and 343 million tonnes.” • The weather related disruption in the Pilbara was exacerbated by “a fire at Cape Lambert A in January. These events will have an impact on second quarter performance”. Overall iron ore shipments from the Pilbara declined by 21% to 69.1mt during the quarter. As previously reported, the overall impact on 2019 production is expected to be around 14mt of lost production. • Mined copper production during the quarter declined by 5% to 143,900t with an 11% increase from Oyu Tolgoi more than offset by reductions of 10% and 5% at Kennecott and Escondida respectively. Grades at Kennecott have, however improved from Q1 2018 “coupled with productivity improvements and increased plant throughput”. • Copper production guidance for 2019 remains unchanged at 550-600,000t of mined copper ”subject to grade availability”. • Bauxite production “of 12.8 million tonnes was one per cent higher than the same period of 2018. Increased production capacity following the expansion of Amrun in Queensland was partly offset by weather events throughout the quarter at Weipa, Amrun and Gove, which significantly impacted production. Amrun ramp-up is progressing well, with production rates as per plan”. • Rio Tinto is maintaining its 2019 bauxite production guidance at 56-59mt with alumina production expected to be in the range 8.1-8.4mt and aluminium metal of 3.2-3.4mt. • The company spent $124m on exploration during the quarter. Fifty-one percent of the total was incurred by “central exploration, 38 per cent by Copper & Diamonds, seven per cent by Energy & Minerals and the remainder by Iron Ore and Aluminium.” • During the quarter, Rio Tinto announced the discovery of copper/gold mineralisation at its Winu project located in the Paterson Province of W Australia about 350km southeast of Port Hedland. In our experience, the announcement of relatively early stage exploration results by a major mining company is relatively unusual and we note that today’s announcement also refers to the discovery of “copper-gold mineralisation in the Paterson Province in the far east Pilbara region of Western Australia.” Conclusion: Despite a solid performance across most of its operating divisions, the quarterly results are likely to attract attention for the iron ore production setbacks resulting from the aftermath of Cyclone Veronica in March.
Rio Tinto Plc (RIO.L) Announced, in its Q1 operational update, that Pilbara iron ore shipments fell 14% in Q1 2019 to 69.1 million tonnes (100% basis) from Q1 2018, as production was significantly impacted by the weather disruptions in March and a fire at Cape Lambert A in January. These events will have an impact on Q2 performance. As a result, 2019 guidance for Pilbara shipments has been revised lower to a range of 333-343 million tonnes from a previous range of 338-350 million tonnes. Bauxite production of 12.8 million tonnes in the quarter was 1% higher than the same period of 2018, despite several weather events throughout the quarter significantly impacting production at the Amrun, Weipa and Gove mines. Aluminium production of 0.8 million tonnes was in line with the first quarter of 2018. First quarter mined copper production of 144 thousand tonnes was 3% higher than the first quarter of 2018, with strong contributions from Oyu Tolgoi and Rio Tinto Kennecott. Titanium dioxide slag production of 296,000 tonnes was 1% higher than the first quarter of 2018.
RNS Number: 2716 W Rio Tinto PLC 16 April 2019. Rio Tinto releases first quarter production results. Rio Tinto chief executive J-S Jacques said "Our iron ore business faced several challenges at the start of this year, particularly from tropical cyclones.
RNS Number: 2569 W Rio Tinto PLC 15 April 2019 15 April 2019. Rio Tinto plc- Transaction in own shares. Rio Tinto plc today announces that on 15 April 2019 it purchased the following number of ordinary shares of 10 pence each in the Company on the London Stock Exchange from J.P.
Rio Tinto Plc (RIO.L) Announced that it has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as it looks to progress the project to the final stage of the project's permitting phase.
Mining group Rio Tinto has announced that it is committing a further $302m to its Resolution copper project in Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and development permits. Rio, which owns 55% of the project, says it has the potential, when fully operational, to supply nearly 25% of US copper demand.
RNS Number: 1231 W Rio Tinto PLC 15 April 2019 Rio Tinto approves an additional $302 million investment in Resolution copper project. Rio Tinto has committed $302 million of additional capital to advance its Resolution Copper project in the US state of Arizona. When fully operational, Resolution has the potential to supply nearly 25% of the United States...
RNS Number: 1112 W Rio Tinto PLC 12 April 2019 12 April 2019. Rio Tinto plc- Transaction in own shares. Rio Tinto plc today announces that on 12 April 2019 it purchased the following number of ordinary shares of 10 pence each in the Company on the London Stock Exchange from J.P.
Rio Tinto Plc (RIO.L) Announced a final dividend of $180.00c per share and a special dividend of $243.00c per share for the full year ending 31 December 2018, with its shareholders to be paid a final dividend of A$250.89c per ordinary share and a special dividend of A$338.70c per ordinary share and to its shareholders to be paid a final dividend of £135.96p per ordinary share and a special dividend of £183.55p per ordinary share. The final and special dividend will be paid to shareholders of the company and to ADR holders on 18 April 2019.
RNS Number: 9834 V Rio Tinto PLC 12 April 2019 Notice of dividend currency exchange rates- 2018 final and special dividends. On 27 February 2019, Rio Tinto announced a final dividend of 180.00 US cents per share and a special dividend of 243.00 US cents per share for the full year ending 31 December 2018, with Rio Tinto Limited shareholders to be paid:.
RNS Number: 9644 V Rio Tinto PLC 11 April 2019 11 April 2019. Rio Tinto plc- Transaction in own shares. Rio Tinto plc today announces that on 11 April 2019 it purchased the following number of ordinary shares of 10 pence each in the Company on the London Stock Exchange from J.P.
RNS Number: 8217 V Rio Tinto PLC 10 April 2019. Resolutions 1 to 16 of the Rio Tinto plc annual general meeting fall into this category, and the results of the voting on these resolutions will be announced shortly after the Rio Tinto Limited annual general meeting which will be held in Perth, Australia on 9 May 2019.. For the purposes of section 341 of the UK Companies...
RNS Number: 8192 V Rio Tinto PLC 10 April 2019 10 April 2019. Rio Tinto plc- Transaction in own shares. Rio Tinto plc today announces that on 10 April 2019 it purchased the following number of ordinary shares of 10 pence each in the Company on the London Stock Exchange from J.P.

Company Profile

Mining giant Rio Tinto may be UK-based, but its operations make it truly a global company. The group has a solid reputation, mining aluminium, copper, gold, diamond, iron and lead. The majority of earnings come from the base metal side of the group. Currencies are a big influence of earnings each year.

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Locations

HQ
6 St James Square
SW1Y 4AD
London
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