Company News: Rio Tinto
Updated: 14 Sep 2009

Rio Tinto is a leading international mining group, combining Rio Tinto plc, a London listed public company headquartered in the UK, and Rio Tinto Limited, which is listed on the Australian Stock Exchange, with executive offices in Melbourne.

The two companies are joined in a dual listed companies (DLC) structure as a single economic entity, called the Rio Tinto Group.

The Group finds, mines and processes the earth's mineral resources - metals and minerals essential for making thousands of everyday products that meet society's needs and contribute to improved living standards.

Also Known as: Rio

Business Category Exploration; Mining

Regions of Operation North America; Latin America; Caribbean; Europe; Central and Northern Asia; Middle-East Asia; South-East Asia; North Africa; Central and East Africa; Southern Africa; West Africa; Australasia

Exchange Ticker RIO

Web: http://www.riotinto.com

Latest Press Releases

26 Jan 2009

Rio Tinto Alcan completes the sale of its equity stake in Ningxia aluminium smelter for US$125 million - PR709g.PDF

Rio Tinto Alcan has completed the sale of its 50 percent equity share of the Alcan Ningxia aluminium joint venture in China to Qingtongxia Aluminium Group Co Ltd (QTX) for gross cash consideration of US$125 million.

20 Jan 2009

Rio Tinto Alcan curtails production and cuts costs in response to global economic conditions - PR708g.pdf

Rio Tinto Alcan plans to implement further production curtailments to align production with customer demand.

15 Jan 2009

Fourth quarter 2008 operations review - PR709g.PDF

Chief executive Tom Albanese said: "Production for the quarter was in line with expectations. We are taking firm action in response to the global economic downturn and, given the resilience of Rio Tinto's low cost assets, expect to remain well positioned when recovery comes."

11 Dec 2008

Further update on Simandou - PR702g.PDF

Rio Tinto has received correspondence from the Guinean Minister of Mines which appears to indicate that the Council of Ministers has instructed the Ministry of Mines and Geology to effect a compulsory relinquishment of the northern half of the Simandou Mining Concession whilst confirming Rio Tinto's entitlement to the southern half of that Concession.

11 Dec 2008

Rio Tinto joint venture Richards Bay Minerals reaches agreement on 26 per cent BBBEE transaction - PR701g.pdf

Rio Tinto's South African joint venture with BHP Billiton Plc ("BHPB"), Richards Bay Minerals ("RBM"), announced that agreements with a Broad-Based Black Economic Empowerment ("BBBEE") Consortium were signed today, in which 24 per cent of RBM will be transferred to a group comprising local communities and investors with a further 2 per cent to be transferred to a trust for the benefit of RBM employees.

10 Dec 2008

Rio Tinto commits to reduce net debt by $10 billion by end of 2009 - PR700g.pdf

Rio Tinto has announced a detailed package of measures in response to the unprecedented rapidity and severity of the global economic downturn, which has caused sharp falls in commodity prices and a significantly weaker outlook. The initiatives are aimed at preserving value for shareholders by conserving cashflow and reducing levels of debt.

Previous Next