Edition:
United States

Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

3,220.00GBp
12:06pm EDT
Change (% chg)

88.00 (+2.81%)
Prev Close
3,132.00
Open
3,175.00
Day's High
3,235.50
Day's Low
3,146.00
Volume
4,644,839
Avg. Vol
4,727,164
52-wk High
3,718.50
52-wk Low
1,845.00

Latest Key Developments (Source: Significant Developments)

Rio Tinto says Jan du Plessis to retire as chairman
Thursday, 9 Mar 2017 02:05am EST 

Rio Tinto Plc : Says chairman Jan du Plessis has informed board that he intends to retire as chairman after completion of an orderly succession process . Planning for chair succession by board commenced in June 2016 after announcement of appointment of J-S Jacques as CEO . Senior independent director John Varley is leading process to appoint a new chairman . Says successor expected to be announced before end of 2017 . Du Plessis retiring as chairman by no later than 2018 annual general meeting in australia .Du Plessis will join BT Group board as a non-executive director on June 1, 2017 and become chairman of BT effective Nov 1, 2017.  Full Article

Rio Tinto enters non-discretionary irrevocable instructions with banks on share-repurchase of up to £160 mln
Wednesday, 1 Mar 2017 02:00am EST 

Rio Tinto Ltd :Entered non-discretionary irrevocable instructions with each of Deutsche Bank AG, J.P. Morgan Securities in relation to repurchase of shares from today until 28 July for up to £160 million.  Full Article

Rio Tinto says full-year net earnings $4.62 bln
Wednesday, 8 Feb 2017 01:00am EST 

Rio Tinto Ltd : Operating cash cost improvements (including exploration and evaluation savings) of $2.0 billion (pre- tax) over 2016 and 2017, in line with previous guidance . Rio tinto ltd says full-year net earnings $4.617 billion versus loss of $866 million a year ago . fy underlying earnings $5.1 billion versus $4.54 billion a year ago . Final dividend of 125 us cents per share ($2.3 billion) will be paid in april 2017 . Capital expenditure expected to be around $5.0 billion in 2017 and around $5.5 billion in each of 2018 and 2019 . "Gearing ratio of 20 to 30 per cent through cycle." . production guidance is unchanged from q4 operations review. . effective tax rate on underlying earnings of approximately 27 to 30 per cent expected in 2017. . "gearing ratio of 20 to 30 per cent through cycle." . Net debt as of dec 31 reduced to $9.6 billion . Additional free cash flow of $5.0 billion by end of 2021 from productivity improvements. . Full year dividend of 170 us cents per share . "expects total cash returns to shareholders over longer term to be in a range of 40 to 60 per cent of underlying earnings in aggregate through cycle." . share buy-back of $0.5 billion in rio tinto plc shares over course of 2017 ."regulatory investigations could ultimately "expose group to material financial cost".  Full Article

Arianne Phosphate Inc signs project agreement with Rio Tinto to review potential maritime services sharing
Wednesday, 25 Jan 2017 07:30am EST 

Arianne Phosphate Inc : Arianne Phosphate Inc says signing of a project agreement with Rio Tinto to review potential maritime services sharing . Arianne Phosphate - agreement provides for discussions on co's use of ships serving Rio Tinto to deliver phosphate concentrate to international markets .Arianne Phosphate Inc - project agreement also focuses on sharing of common services such as ship towing on Saguenay River.  Full Article

Rio Tinto's qtrly Pilbara iron ore shipments 87.7 Mt vs 80.9 Mt in prior quarter
Monday, 16 Jan 2017 05:01pm EST 

Rio Tinto Ltd : Qtrly pilbara iron ore shipments 87.7 mt versus 80.9 mt in prior quarter . Rio tinto ltd says qtrly pilbara iron ore production 85.5 mt versus 83.2 mt in prior quarter . Qtrly aluminium production 925 kt versus 924 kt in prior quarter . Qtrly mined copper production 133.8 kt versus 133.3 kt in prior quarter . Rio tinto's pilbara shipments in 2017 are expected to be between 330 and 340 million tonnes . In 2017, Rio Tinto's share of mined copper production is expected to be between 525 and 665 thousand tonnes . For 2017, Rio Tinto's share of production in 2017 is expected to be 48 to 50 million tonnes of bauxite .Rio Tinto's share of production in 2017 is expected to be 8.0 to 8.2 million tonnes of alumina and 3.5 to 3.7 million tonnes of aluminium.  Full Article

Rio Tinto responds to press speculation regarding SEC investigation
Thursday, 1 Dec 2016 02:00am EST 

Rio Tinto Ltd : Response to press speculation . confirms it is cooperating with inquiries from relevant authorities relating to impairment included in company's 2012 accounts in respect of rio tinto coal mozambique ."as sec investigation, which started in april 2013, remains ongoing it would be inappropriate to comment further at this time".  Full Article

Rio Tinto comments on press speculation over U.S. SEC probe
Thursday, 1 Dec 2016 02:00am EST 

Rio Tinto Plc : Response to press speculation . In response to press reports regarding a U.S. SEC investigation, Rio Tinto confirms that it is cooperating with inquiries from relevant authorities . Inquiries relating to impairment included in company's 2012 accounts in respect of Rio Tinto Coal Mozambique (RTCM) .SEC investigation, which started in April 2013, remains ongoing it would be inappropriate to comment further.  Full Article

Roll-Royce says Alan Davies steps down as non-exec director
Friday, 18 Nov 2016 07:00am EST 

Rolls-Royce Holdings Plc : Alan Davies steps down as non-executive director .Alan Davies has resigned as a non-executive director and is stepping down from board with immediate effect.  Full Article

Rio Tinto terminate contracts of executive Alan Davies and Debra Valentine
Wednesday, 16 Nov 2016 05:30pm EST 

Rio Tinto Ltd : Senior management changes . Terminated contracts of Energy & Minerals chief executive Alan Davies and legal & regulatory affairs group executive Debra Valentine . Board concluded that executives failed to maintain standards expected of them under our global code of conduct . Alan Davies will be replaced by Bold Baatar . Reviewed findings to date of an internal investigation into 2011 contractual arrangements with a consultant . Board reviewed findings to date of an internal investigation into 2011 contractual arrangements with a consultant .Chief financial officer Chris Lynch has temporarily assumed accountability for corporate legal & regulatory affairs function.  Full Article

Rio Tinto says prices cash tender offers
Tuesday, 11 Oct 2016 12:51pm EDT 

Rio Tinto Plc : Rio Tinto prices cash tender offers .Rio Tinto - consideration payable in connection with offer set at $1,076.38 for its 3.5 percent notes due 2022; at $1,046.37 for 2.875 percent notes due 2022.  Full Article

More From Around the Web

REFILE-HIGHLIGHTS-Top trading houses at commodities conference

LAUSANNE, Switzerland, March 28 Top executives from the world's largest commodity trading houses discuss trends in trading at the FT Commodities Global Summit in Lausanne, Switzerland, this week.