Profile: Rio Tinto PLC (RIO)
8 Dec 2016
Rio Tinto plc, incorporated on March 30, 1962, is a mining company. The Company focuses on finding, mining, processing and marketing the Earth's mineral resources. The Company's segments include aluminum, copper & coal, diamonds & minerals, iron ore and Other Operations.
The Company's aluminum business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. Its alumina refineries are located in Australia, Brazil and Canada. Its smelters are concentrated in Canada. The Company also has plants located in France, Australia, New Zealand, Iceland, the United Kingdom and Oman.
Copper & Coal
The Company's copper and coal business includes approximately four copper operating assets, including in the United States, Mongolia, Chile and Indonesia, and over six coal operations in Australia and South Africa, as well as development projects. The Company also produces gold, silver and molybdenum as co-products of its copper production. It produces coking or metallurgical coal, which produces steel when mixed in furnaces with iron ore. The Company's copper properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Its greenfield projects include La Granja project, which is located in northern Peru, and Resolution Copper project, which is located in Arizona, the United States.
Diamonds & Minerals
The Company's diamonds and minerals businesses include mining, refining and marketing operations across approximately five sectors. The Company's Rio Tinto Diamonds manufactures, sells and markets diamonds from its mines in Australia and Canada. The Company, through Rio Tinto Minerals, is involved in borates business, with a mine in the United States, processing plants, and commercial and research facilities. Its Rio Tinto Iron & Titanium is engaged in high-grade titanium dioxide feedstocks with operations in Canada, Madagascar and South Africa.
The Company produces a range of diamonds in terms of size, quality and color distribution. Its titanium metal is used in medical applications, as well as in the aerospace industry. Its borates are used in glass and ceramic applications, including fiberglass, television screens, floor and wall tiles, and heat-resistant glass. Other products from the diamonds and minerals business include salt, uranium, high purity iron, metal powders and zircon. It also includes the Simandou iron ore project in Guinea. Its development projects include Jadar project and Roughrider project.
The Company's Rio Tinto's diamonds assets consist of the Argyle Diamond Mine in Australia, the Diavik Diamond Mine in Canada and the Bunder diamond project in India. The Uranium business comprises Energy Resources of Australia Ltd, which operates the Ranger Mine in the Northern Territory of Australia and Rossing Uranium Limited in Namibia, together with the Roughrider project in Canada's Athabasca Basin.
The Company operates an iron ore portfolio, supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
Rio Tinto PLC
6 St. James's Square
LONDON SW1Y 4JU
Company Web Links
- Companies need to work harder to gain societies' trust-Rio chairman
- Rio Tinto says target of SEC probe over Mozambique coal
- U.S. authorities scrutinize Rio's 2013 coal writedown: sources
- U.S. authorities scrutinise Rio's 2013 coal writedown - sources
- Rio seeks iron ore premium from China mills in likely pricing war revival: sources