Rio Tinto Net Worth is$110.2 B
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Company Name: Rio Tinto plc

Company Logo: Image:Rio Tinto.svg

Company Type: Public company

Traded As: RIO, RIO

Company Slogan: N/A

Foundation: 1873

Location: London, United Kingdom

Key People: Jan du Plessis, Chairman , Tom Albanese, CEO

Area Served: Worldwide

Revenue: url

Operating Income: net income

Assets: equity

Num Employees: 67,930 (2011)
Industry: Metals and Mining

Products: Iron ore, Bauxite, Alumina, Aluminium, Copper, Molybdenum, Gold, Diamonds, Coal, Uranium, Titanium Dioxide, Borates, Salt, Talc

Subsid: Rio Tinto Alcan


Intl: yes

Rio Tinto Group is a British multinational metals and mining corporation with headquarters in London, UK and a management office in Melbourne, Australia. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain from the Spanish government. Since then, the company has grown through a long series of mergers and acquisitions to place itself among the world leaders in the production of many commodities, including aluminium, iron ore, copper, uranium, coal, and diamonds. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly for refining bauxite and iron ore. The company has operations on six continents but is mainly concentrated in Australia and Canada, and owns gross assets valued at $81 billion through a complex web of wholly and partly owned subsidiaries. Its head office in the United Kingdom is in the City of Westminster, London, while its Australian head office is in the City of Melbourne.
Rio Tinto Group is a dual-listed company traded on both the London Stock Exchange where it is a component of the FTSE 100 Index and the Australian Securities Exchange where it is a component of the S&P/ASX 200 index. As of March 2009, Rio Tinto is the fourth-largest publicly listed mining company in the world with a market capitalisation of approximately $134 billion, and was listed in Fortune magazine's 2008 Global 500 ranking of largest worldwide companies by revenue at number 263. In 2007, the company was valued at $147 billion.
Since antiquity, a site along the Rio Tinto, in the Andalusian Province of Huelva in Spain has been mined for copper, silver, gold, and other minerals. Approximately 3000 BC, Iberians and Tartessians began mining the site, followed by the Phoenicians, Greeks, Romans, Visigoths, and Moors. After a period of abandonment, the mines were rediscovered in 1556 and the Spanish government began operating them

Rio Tinto Latest News

Rio Tinto No Longer 'Top Pick' At RBC, But Still Viewed Favorably

RBC Capital Markets' Tyler Broda turned slightly less bullish on Rio Tinto plc (ADR) (NYSE: RIO) by downgrading the London-listed stock rating from Top Pick to Outperform with an unchanged 4,200p price target, which implies upside from Tuesday's opening ...
Posted: August 15, 2017, 6:35 pm

Behind Rio’s Tinto’s Stock Outlook after a 52-Week High

Rio Tinto’s (RIO) stock hit a new 52-week high of $47.85 on August 7, 2017. It previously hit a 52-week high on July 31, 2017, of $47.38. Mining stock prices have been buoyant lately, backed by the strength of iron ore prices. Rio’s performance YTD ...
Posted: August 10, 2017, 1:17 pm

The lessons of Australia's iron ore successes: BHP, Rio Tinto and Fortescue

The mining investment boom has been a central pillar of Australia's economic prosperity for almost two decades. Now the dividends from the miners' massive investment in this prosperity are holding up the company reporting season. After helping Australia ...
Posted: August 23, 2017, 5:56 am

Stocks With Rising Relative Price Strength: Rio Tinto

On Thursday, Rio Tinto (RIO) hit an important performance benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 83, up from 79 the day before. XAutoplay: On | Off This exclusive rating from Investor's ...
Posted: August 17, 2017, 11:55 am

Rio Tinto downgraded to 'outperform' by Royal Bank of Canada

Royal Bank of Canada said it continues to like mining giant Rio Tinto PLC (LON:RIO), but that did not stop it from downgrading the stock. The new rating is “outperform”, and the downgrade is more to do with the greater appeal of sector peers such as ...
Posted: August 15, 2017, 3:39 am
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