RIO.L - Rio Tinto plc

LSE - LSE Delayed price. Currency in GBp
4,242.00
-33.00 (-0.77%)
At close: 5:10PM BST
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Previous close4,275.00
Open4,302.00
Bid4,210.00 x 30000
Ask4,350.00 x 26800
Day's range4,241.00 - 4,345.00
52-week range2,970.00 - 4,428.50
Volume4,304,224
Avg. volume5,008,847
Market cap73.474B
Beta1.33
PE ratio (TTM)8.71
EPS (TTM)486.90
Earnings dateN/A
Forward dividend & yield2.13 (4.90%)
Ex-dividend date2018-03-01
1y target est56.80
  • Rio Tinto Ready to Accept Grasberg Deal
    Bloomberg Video2 days ago

    Rio Tinto Ready to Accept Grasberg Deal

    May.22 -- Rio Tinto Group is ready to accept a $3.5 billion deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions. Bloomberg's David Stringer reports on "Bloomberg Daybreak: Asia."

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    In the previous article, we looked at some of Alcoa’s (AA) bullish drivers. Chinese overcapacity is still among the biggest challenges for aluminum producers such as Rio Tinto (RIO) and Norsk Hydro (NHYDY). Chinese aluminum exports have been elevated this year despite President Donald Trump’s Section 232 tariffs.

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  • Freeport-McMoRan Faces a $3.5 Billion Question
    Market Realist12 hours ago

    Freeport-McMoRan Faces a $3.5 Billion Question

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue? According to Reuters, citing a statement from Rio Tinto (RIO) (TRQ), the miner is in talks with Indonesia’s Inalum to sell its stake in Grasberg for $3.5 billion.* Grasberg is the second-largest copper mine after Escondida, which is operated by BHP Billiton (BHP). According to the statement, “No agreement has been reached and there is no certainty that a binding agreement with Indonesia’s state mining holding company Inalum will be signed.” Freeport-McMoRan (FCX) is also separately negotiating a stake sale with the Indonesian government (EIDO).

  • Reuters13 hours ago

    Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

    A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc (FCX.N) and its partner Rio Tinto (RIO.AX), according to government and company officials. In April, in follow-up action to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste, or tailings, at Grasberg, the world's second-biggest copper mine.

  • Reuters19 hours ago

    Deadly protests land a blow to Indian resources magnate Agarwal's ambitions

    Indian billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources (VED.L) into a global resources giant. The struggle with opponents took a particularly ugly turn on Tuesday when police opened fire on protesters seeking to shut down Vedanta's copper smelter in the southern Indian port city of Thoothukudi, killing 10.

  • Freeport-McMoRan Stock Upgraded: What You Need to Know
    Motley Foolyesterday

    Freeport-McMoRan Stock Upgraded: What You Need to Know

    Rio Tinto's Indonesian exit sets an "attractive valuation marker" on Freeport.

  • Reutersyesterday

    Rio Tinto negotiates Grasberg copper exit

    MELBOURNE/JAKARTA (Reuters) - Global miner Rio Tinto Ltd (RIO.AX) confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5 billion (2.6 billion pounds) purchase price. Jakarta-based spokesmen for Inalum and Freeport declined to comment on the matter.

  • Reuters - UK Focusyesterday

    Rio Tinto negotiates Grasberg copper exit

    MELBOURNE/JAKARTA, May 23 (Reuters) - Global miner Rio Tinto (Hanover: CRA1.HA - news) Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5 billion purchase price.

  • Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?
    Market Realistyesterday

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?

    Freeport-McMoRan (FCX), the leading US-based copper miner, is having a nice run in May. The stock has risen 12.9% so far this month based on May 22 closing prices. Thanks to the upwards price action this month, Freeport has narrowed its 2018 losses to 9.2%. Overall, 2018 has been a somber year for Freeport. On the macro front, copper prices have fallen from their 2017 highs as expectations of a supply deficit are now fast eroding.

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  • Freeport’s Grasberg Jujitsu Move Will Pay Off in the End
    Bloomberg2 days ago

    Freeport’s Grasberg Jujitsu Move Will Pay Off in the End

    There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out. The game plan isn’t so different to the plot of the recent Matthew McConaughey film “Gold” – a promise of great wealth turning to ruin with the protagonists ending up brawling in the mud surrounded by fraud, violence and shady political involvement. For several years, Freeport-McMoRan Inc.’s tussle with Jakarta over the world’s biggest gold deposit and third-biggest copper reserve at Grasberg in the New Guinea highlands has seemed to be headed in a similarly disastrous direction.

  • Rio Tinto Ready to Accept Grasberg Deal
    Bloomberg2 days ago

    Rio Tinto Ready to Accept Grasberg Deal

    Rio Tinto Group is ready to accept a $3.5 billion deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions. Bloomberg's David ...

  • Reuters - UK Focus2 days ago

    Rio Tinto in talks with Inalum, Freeport for Grasberg stake sale

    Global miner Rio Tinto Ltd (Hanover: CRA1.HA - news) on Wednesday confirmed it was in discussions with Inalum and Freeport-McMoRan regarding Inalum's potential purchase of Rio's stake in the Grasberg mine, including the price of the deal. No agreement has been reached and there is no certainty that binding agreements would be signed, Rio said in a statement noting reports of the potential purchase by Indonesia's state mining holding company Inalum of Rio's interest in Grasberg for $3.5 billion. In early May, Inalum said Freeport's divestment of a controlling interest in Grasberg, the world's second-biggest copper mine, was still planned for 2018, even though the price and some contract terms were still to be agreed.

  • Rio Tinto's Arnaud Soirat Sees Copper Under-Supplied by 2021
    Bloomberg2 days ago

    Rio Tinto's Arnaud Soirat Sees Copper Under-Supplied by 2021

    Rio Tinto Copper and Diamond CEO Arnaud Soirat says the market for copper will be under-supplied by 2021 and that we will see prices increase. Soirat spoke with Bloomberg TV Mongolia anchor Odgerel Oyungerel ...

  • Rio Tinto Is Ready to Accept $3.5 Billion Deal to Exit Grasberg
    Bloomberg2 days ago

    Rio Tinto Is Ready to Accept $3.5 Billion Deal to Exit Grasberg

    Rio Tinto Group is ready to accept a $3.5 billion deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions. A deal for Rio’s exit still depends on Freeport-McMoRan Inc. striking an agreement to transfer some of its stake to a local firm, according to the people, who asked not be identified because the matter is confidential. Shares in Freeport surged on the news, while Rio pared a loss in New York Tuesday.

  • Rio Tinto presses Mongolia to shore up copper investment
    Reuters3 days ago

    Rio Tinto presses Mongolia to shore up copper investment

    ULAANBAATAR/LONDON (Reuters) - Rio Tinto (RIO.L) (RIO.AX) on Tuesday called on the Mongolian government to honour the contracts that underpin its Oyu Tolgoi copper project and said the mining world was watching, as anxiety mounts after a series of high-profile arrests. Mongolia's anti-corruption agency has arrested two former prime ministers and a former finance minister over an investigation into suspected misuse of power by officials during negotiations linked to Oyu Tolgoi contracts. Investigators have not said Oyu Tolgoi operator Rio Tinto has done anything wrong and some analysts say the allegations are politically motivated.

  • Reuters - UK Focus3 days ago

    Rio Tinto presses Mongolia to shore up copper investment

    ULAANBAATAR/LONDON, May 22 (Reuters) - Rio Tinto on Tuesday called on the Mongolian government to honour the contracts that underpin its Oyu Tolgoi copper project and said the mining world was watching, as anxiety mounts after a series of high-profile arrests. Mongolia's anti-corruption agency has arrested two former prime ministers and a former finance minister over an investigation into suspected misuse of power by officials during negotiations linked to Oyu Tolgoi contracts. Investigators have not said Oyu Tolgoi operator Rio Tinto has done anything wrong and some analysts say the allegations are politically motivated.

  • What’s Making Carl Icahn Bearish on Freeport-McMoRan?
    Market Realist7 days ago

    What’s Making Carl Icahn Bearish on Freeport-McMoRan?

    According to recent regulatory filings, activist investor Carl Icahn cut his holdings in Freeport-McMoRan (FCX). Icahn built his position in Freeport-McMoRan in 2015, when miners including BHP Billiton (BHP), Glencore (GLNCY), and Rio Tinto (RIO) were battling a commodity price slowdown.

  • Reuters8 days ago

    Insight: How Rusal escaped the noose of U.S. sanctions

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  • How Analysts Rate Antofagasta in 2Q18
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