|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||65.00 - 66.00|
|52-week range||55.15 - 94.42|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||5.66|
|Forward dividend & yield||6.73 (9.84%)|
|Ex-dividend date||12 Aug 2021|
|1y target est||N/A|
Australia's securities watchdog has closed its investigation into former Rio Tinto Ltd executive Alan Davies over an alleged $10.5 million payment to a consultant in Guinea, citing insufficient evidence, according to a letter reviewed by Reuters. Davies, formerly Rio's Energy and Minerals chief executive, was terminated in late 2016 after Rio Tinto became aware of emails https://www.reuters.com/article/us-rio-tinto-guinea-terminates-idUSKBN13B2Y4 from 2011 that referred to payments to the consultant in connection with its vast Simandou iron ore project in the West African nation. According to the letter, ASIC's investigation covered directors duties like care and diligence and operating in good faith, obligations of honesty, and true and correct books and records.
(Bloomberg) -- After a bumper third quarter, the world’s No. 2 iron ore miner is cutting back on lower quality supply after prices of the steelmaking ingredient plunged.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces Japan to Confront Workplace RacismVale SA
MELBOURNE (Reuters) -Anglo-Australian miner Rio Tinto announced on Wednesday a $7.5 billion plan to reduce carbon emissions by 50% by 2030, a reduction three times greater than its previous target, but shares fell as investors reacted to the higher spend. As steel and iron ore producers continue their push to cut carbon emissions in line with global climate commitments by 2050, Rio said it sought to halve its scope 1 and 2 carbon emissions - direct emissions by the company and certain types of indirect emissions, respectively - by the end of the decade. Rio brought forward its target to 2025 for a 15% reduction in emissions from 2018 levels, five years faster than it had previously targeted.