RIO.L - Rio Tinto plc

LSE - LSE Delayed price. Currency in GBp
3,654.00
-55.50 (-1.50%)
As of 11:53AM BST. Market open.
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Previous close3,709.50
Open3,701.00
Bid3,653.50 x 30000
Ask3,654.00 x 26800
Day's range3,648.50 - 3,730.50
52-week range2,588.50 - 4,110.29
Volume1,408,357
Avg. volume4,359,768
Market cap65.08B
Beta1.66
PE ratio (TTM)10.65
EPS (TTM)N/A
Earnings dateN/A
Dividend & yield2.33 (4.80%)
Ex-dividend date2017-08-10
1y target estN/A
  • Rio Tinto on Track for Record Iron Ore Shipments
    Bloomberg Videoyesterday

    Rio Tinto on Track for Record Iron Ore Shipments

    Oct.16 -- Rio Tinto Group is on track for record annual shipments of iron ore as the world’s second-largest exporter’s rail capacity increases and imports by China’s steel mills keep surging. Bloomberg's David Stringer reports on "Bloomberg Daybreak: Asia."

  • Reuters40 minutes ago

    Factbox: Excerpts from U.S. SEC fraud filing against Rio Tinto former top executives

    Thomas Albanese, 60, was chief executive of Rio Tinto from May 2007 until January 2013, when he was forced out after the company announced massive impairments. Guy Robert Elliott, 61, was chief financial officer of Rio Tinto from 2002 to April 2013. "There is no truth in any of these charges," Albanese said in a statement following publication of the SEC fraud case.

  • U.S. SEC charges Rio Tinto, former top executives with fraud
    Reuters40 minutes ago

    U.S. SEC charges Rio Tinto, former top executives with fraud

    SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc (RIO.L) (RIO.AX) and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. The U.K.'s Financial Conduct Authority (FCA) also said on Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million ($35.6 million) to settle claims that it breached accounting rules in connection with the Mozambique assets. The Mozambican coal business, which relied on barging the product down the Zambezi River to port, was acquired for $3.7 billion in 2011 from Riversdale Mining and sold a few years later for $50 million.

  • Reuters40 minutes ago

    Factbox: Excerpts from U.S. SEC fraud filing against Rio Tinto former top executives

    Thomas Albanese, 60, was chief executive of Rio Tinto from May 2007 until January 2013, when he was forced out after the company announced massive impairments. Guy Robert Elliott, 61, was chief financial officer of Rio Tinto from 2002 to April 2013. "There is no truth in any of these charges," Albanese said in a statement following publication of the SEC fraud case.

  • Reuters42 minutes ago

    U.S. SEC charges Rio Tinto, former top executives with fraud

    SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc (RIO.L) (RIO.AX) and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. The U.K.'s Financial Conduct Authority (FCA) also said on Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million to settle claims that it breached accounting rules in connection with the Mozambique assets. The Mozambican coal business, which relied on barging the product down the Zambezi River to export via a planned port on the coast, was acquired for $3.7 billion in 2011 from Riversdale Mining and sold a few years later for $50 million.

  • MarketWatch1 hour ago

    FTSE 100 rises as weak wages keep pound under pressure

    A continued pullback in the pound helped push U.K. stocks higher Wednesday, as lackluster figures on British wages may help shape the Bank of England’s thinking on an interest-rate hike.

  • Reuters3 hours ago

    Timeline: Rio Tinto faces fraud charges over Mozambique coal investment

    The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique ...

  • Mining giant Rio Tinto fined record £27m by FCA
    Sky News4 hours ago

    Mining giant Rio Tinto fined record £27m by FCA

    FTSE 100 mining giant Rio Tinto (Hanover: CRA1.HA - news) has been fined a record £27m by the City watchdog over "inaccurate and misleading" financial statements after an African coal investment turned sour. The Financial Conduct Authority (FCA) said it was the highest fine it had issued to date for a breach of rules under which listed firms operate. Rio Tinto said it intended to "vigorously defend itself" against the "unwarranted" US charges and said that the action in the UK by the FCA had made "no findings of fraud, or of any systemic or widespread failure" by the company.

  • Rio Tinto's Scramble for Africa
    Bloomberg5 hours ago

    Rio Tinto's Scramble for Africa

    An SEC complaint is a reminder of the value of spending discipline in the mining industry.

  • Mining giant Rio Tinto, two ex-chiefs charged with fraud
    AFP8 hours ago

    Mining giant Rio Tinto, two ex-chiefs charged with fraud

    Rio Tinto, the world's second biggest miner, has denied allegations of fraud made by US regulators

  • Barrons.com9 hours ago

    Rio Tinto to Vigorously Defend Fraud Allegations

    Rio Tinto (RIO.AU) said it will vigorously defend itself against fraud allegations over the timing of the impairment in relation to its failed acquisition of the Australian-listed, Mozambique-focused coking coal explorer Riversdale Mining. The U.S Securities and Exchange Commission has charged Rio Tinto, its former CEO Thomas Albanese, and its former CFO Guy Elliott with fraud for inflating the value of the Mozambique coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s complaint, which was filed in federal court in Manhattan, alleges that the miner and and the two former executives failed to follow accounting standards and company policies to accurately value and record its assets. “As alleged in our complaint, Rio Tinto’s top executives allegedly breached their disclosure obligations and corporate duties by hiding from their board, auditor, and investors the crucial fact that a multi-billion dollar transaction was a failure,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.

  • The Wall Street Journal11 hours ago

    [$$] SEC Sues Rio Tinto, Two Former Executives

    U.S. regulators sued Rio Tinto PLC and two former top executives over claims they misled investors about the value of Mozambique coal assets obtained in a disastrous acquisition that caused huge losses ...

  • Reuters - UK Focus12 hours ago

    U.S. SEC charges Rio Tinto, former top executives with fraud

    NEW YORK, Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million. The U.K.'s Financial Conduct Authority also said Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million ($35.6 million) to settle claims that it breached accounting rules in connection with the Mozambique assets. In a lawsuit filed in U.S. federal court in Manhattan, the SEC (Shanghai: 603988.SS - news) said Rio Tinto, former Chief Executive Officer Thomas Albanese, and former Chief Financial Officer Guy Elliott failed to follow accounting standards and company policies to accurately value and record the assets.

  • Reuters13 hours ago

    Rio Tinto says will vigorously defend itself against SEC charges

    Rio Tinto (RIO.AX) (RIO.L) said on Wednesday it intends to "vigorously defend itself" against charges by the U.S. Securities and Exchange Commission that the company inflated the value of coal assets in Mozambique acquired for $3.7 billion (2.81 billion pounds) and sold a few years later for $50 million. "Rio Tinto believes that the SEC case is unwarranted and that, when all the facts are considered by the court, or if necessary by a jury, the SEC’s claims will be rejected," Rio said in a statement to the Australian stock exchange. In a lawsuit filed in federal court in Manhattan, the SEC said Rio Tinto, its former Chief Executive Officer Thomas Albanese and former Chief Financial Officer Guy Elliott failed to follow accounting standards and company policies to accurately value and record the assets.

  • Reuters13 hours ago

    Rio Tinto says will vigorously defend itself against SEC charges

    Rio Tinto said on Wednesday it intends to "vigorously defend itself" against charges by the U.S. Securities and Exchange Commission that the company inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million. In a lawsuit filed in federal court in Manhattan, the SEC said Rio Tinto, its former Chief Executive Officer Thomas Albanese and former Chief Financial Officer Guy Elliott failed to follow accounting standards and company policies to accurately value and record the assets.

  • Reuters - UK Focus13 hours ago

    Rio Tinto says will vigorously defend itself against SEC charges

    Rio Tinto said on Wednesday it intends to "vigorously defend itself" against charges by the U.S. Securities and Exchange Commission that the company inflated the value of coal assets in Mozambique ...

  • MarketWatch13 hours ago

    Two former Rio Tinto executives charged with fraud

    Two former top executives from mining conglomerate Rio Tinto PLC have been charged with fraud, according to a Securities and Exchange Commission announcement Tuesday. The SEC has accused former Chief Executive ...

  • Reuters13 hours ago

    U.S. SEC charges Rio Tinto, former top executives with fraud

    The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc (RIO.L) (RIO.AX) and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion (2.81 billion pounds)and sold a few years later for $50 million. The U.K.'s Financial Conduct Authority also said Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million to settle claims that it breached accounting rules in connection with the Mozambique assets. In a lawsuit filed in U.S. federal court in Manhattan, the SEC said Rio Tinto, former Chief Executive Officer Thomas Albanese, and former Chief Financial Officer Guy Elliott failed to follow accounting standards and company policies to accurately value and record the assets.

  • Rio, Ex-CEO Face Fraud Charges on $3.7 Billion Coal Calamity
    Bloomberg14 hours ago

    Rio, Ex-CEO Face Fraud Charges on $3.7 Billion Coal Calamity

    Rio Tinto Group’s calamitous $3.7 billion coal deal in Mozambique, involving a plan to barge the fuel hundreds of kilometers down the Zambezi River, keeps coming back to haunt the world’s second-biggest ...

  • FTSE inches down, Merlin collapses on poor summer trading
    Reuters19 hours ago

    FTSE inches down, Merlin collapses on poor summer trading

    British shares edged lower on Tuesday, with a flurry of trading updates driving sharp swings in individual stocks including tourist attractions operator Merlin Entertainments, which plummeted after disappointing summer sales. The FTSE (.FTSE) ended the day 0.1 percent lower, weighed down by a pullback in mining stocks as metals slipped from three-year peaks hit on Monday. The index was driven higher earlier, when the pound slipped after Bank of England policymakers speaking in parliament were interpreted by the market as broadly dovish and indicating internal debate over a November rate hike.

  • Reuters - UK Focus20 hours ago

    Rio Tinto declares force majeure on copper from U.S. mine

    Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - Global miner Rio Tinto (Hanover: CRA1.HA - news) declared force majeure last Friday on shipments of refined copper from its Kennecott mine in the United States following the death of a worker, a spokesman said on Tuesday. There was no timeline for when the force majeure would be lifted, spokesman Kyle Bennett said. A force majeure is usually implemented by companies during unforeseen events.

  • Market Realist23 hours ago

    How CLF’s Asia-Pacific Segment Could Perform amid Weakening Iron Ore

    Cleveland-Cliffs achieved EBITDA of $3 million in 2Q17.

  • Fool.co.ukyesterday

    One FTSE 100 dividend stock I’d buy more of today

    Roland Head looks at the latest figures from this FTSE 100 (INDEXFTSE:UKX) stock and a smaller alternative.

  • Reutersyesterday

    Rio Tinto iron ore shipments climb on rail upgrade, on track for annual target

    Global miner Rio Tinto on Tuesday said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia's outback, but cut its production target for copper due to delays at a major mine in Chile. Rio Tinto, which competes with Vale SA and BHP Billiton Ltd in the seaborne-traded iron ore market, maintained its target to ship 330 million tonnes of the steelmaking ingredient in 2017. The strong quarter comes after a sluggish first half when bad weather and rail track maintenance crimped iron ore production.

  • The Wall Street Journalyesterday

    [$$] Rio Tinto Reduces Mined Copper Guidance

    Rio Tinto has scaled back its forecast for mined copper this year after delays in the planned ramp-up of production at the part-owned Escondida operation in Chile’s Atacama Desert.

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