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Rio Tinto Ltd (RIO.AX)

RIO.AX on Australia Stock Exchange

58.04AUD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Rio Tinto says qtrly Pilbara iron ore shipments 82.2 mt
Monday, 18 Jul 2016 06:30pm EDT 

Rio Tinto Ltd : Rio Tinto releases second quarter production results . Q2 aluminium production 911 kt, +11% . Qtrly mined copper production 141.0 kt, +5% . Qtrly pilbara iron ore shipments (100% basis) 82.2 mt, +6% . For iron ore, rio tinto's expected pilbara iron ore shipments in 2016 are around 330 million tonnes (100 per cent basis), subject to weather conditions . 2016 expected share of production remains unchanged at 45 million tonnes of bauxite, 7.8 million tonnes of alumina and 3.6 million tonnes of aluminium . In 2016, Rio Tinto continues to expect its share of mined copper production to be between 575 and 625 thousand tonnes . Qtrly pilbara iron ore production (100% basis) 80.9 mt, up 8 percent . FY refined copper production is also unchanged at 220 to 250 thousand tonnes .  Full Article

Turquoise Hill Resources announces Q2 production for Oyu Tolgoi mine
Monday, 18 Jul 2016 05:00pm EDT 

Turquoise Hill Resources Ltd : Continues to expect Oyu Tolgoi to produce 175,000 to 195,000 tonnes of copper in concentrates for 2016 . Continues to expect Oyu Tolgoi to produce 255,000 to 285,000 ounces of gold in concentrates for 2016 . Copper production in Q2'16 declined 10.3% over Q1'16 . Gold production in Q2'16 declined approximately 52% over Q1'16 . Turquoise Hill announces second quarter 2016 production .In second half of 2016, lower gold production is expected as mining occurs in areas with reduced grades.  Full Article

Bougainville Copper says received notification from Rio Tinto terminating management agreement
Monday, 4 Jul 2016 10:56pm EDT 

Bougainville Copper Ltd : Independent state of papua new guinea taken up its 17.4% entitlement to Bougainville Copper shares under arrangements established by Rio Tinto .Says BCL has received notification from Rio Tinto terminating the management agreement.  Full Article

Rio Tinto transferred its 53.8 pct shareholding in Bougainville Copper
Wednesday, 29 Jun 2016 07:42pm EDT 

Rio Tinto Ltd : ABG and PNG will both hold an equal share in BCL of 36.4 per cent if the transfers are completed . Says Rio Tinto has today transferred its 53.8 per cent shareholding in Bougainville Copper Limited (BCL) to an independent trustee . ABG to receive 68 per cent of rio tinto's shareholding from the independent trustee for no consideration . Under the trust deed PNG is entitled to the remaining 32 per cent . BCL chairman peter Taylor will resign with immediate effect . Although Rio Tinto will no longer hold any interest in BCL, Rio Tinto will continue to meet its obligations under agreement during the period .  Full Article

Savannah and Rio Tinto extend joint venture long stop date
Wednesday, 29 Jun 2016 02:00am EDT 

Savannah Resources Plc :Rio Tinto and Savannah Co agreed to extend long stop date for fulfillment of conditions precedent of joint venture until Sept. 30..  Full Article

Rio Tinto paid $4.5 billion in taxes and royalties in 2015
Tuesday, 28 Jun 2016 06:26pm EDT 

Rio Tinto Ltd : Rio Tinto paid $4.5 billion in taxes and royalties in 2015 .Spent almost $18 bln buying goods and services from suppliers around world last year.  Full Article

Rio Tinto says to reduce gross debt by $3 billion
Tuesday, 21 Jun 2016 05:52am EDT 

Rio Tinto Plc : Rio tinto to reduce gross debt by $3 billion . Will reduce its gross debt after accepting for purchase $1.252 billion of debt under its maximum tender offer and $1.748 billion under any and all offer . Final aggregate principal amount of securities purchased under any and all offer that expired on 13 June 2016 was $1.748 billion .Both offers commenced on 7 June 2016 and are part of rio tinto's ongoing capital management..  Full Article

Rio Tinto announces executive team reshuffle, new structure
Tuesday, 21 Jun 2016 02:58am EDT 

Rio Tinto Plc : New organisational structure and executive team . Alfredo Barrios will remain as chief executive, of aluminium based in Montreal. . Chris Salisbury, currently acting copper & coal chief executive, will become iron ore chief executive based in Perth. . Arnaud Soirat will join executive committee as copper & diamonds chief executive . Energy & minerals re-shapes Alan Davies' portfolio, bringing together Co's coal, uranium, salt, borates, titanium dioxide, as well as iron ore co of Canada . Stephen McIntosh will take up role of growth & innovation group executive, based in Brisbane . Accountability for safety as a discrete unit will sit with an executive committee member for first time. . Joanne Farrell will take on role of group executive, health, safety & environment based in Perth .Andrew Harding, currently iron ore chief executive, will leave business with effect from July 1 2016..  Full Article

NRW receives award of $30 mln of bulk earthworks and civil works from Rio Tinto
Friday, 17 Jun 2016 01:09am EDT 

NRW Holdings Ltd :Announces award by Rio Tinto of approximately $30 million of bulk earthworks and civil works.  Full Article

Rio Tinto to purchase $1.747 billion debt under Any and All Offer
Tuesday, 14 Jun 2016 04:13am EDT 

Rio Tinto Ltd : Rio Tinto to purchase $1.747 billion debt . $804 million in aggregate principal amount of 2.250 percent notes due 2018 will be purchased at a price of $1,024.36 per $1,000 principal amount of notes . $943 million in aggregate principal amount of 6.500 per cent notes due 2018 will be purchased at price of $1,108.33 per $1,000 principal amount of notes . Says the settlement date for the Any And All Offer will be 14 June 2016 .  Full Article

Aluminum producers seek first-quarter premium of $95-$110/T from Japanese buyers: sources

TOKYO Some big aluminum producers seek a premium of $95-$110 per ton from Japanese buyers for primary metal shipments in the January to March period, up 27-47 percent from the previous quarter, five sources involved in pricing talks said on Friday.