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Rio Tinto Ltd (RIO.AX)

RIO.AX on Australia Stock Exchange

105.71AUD
19 Jun 2019
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Latest Key Developments (Source: Significant Developments)

USW Files Complaint With International Labour Organization Against Quebec Government
Monday, 10 Jun 2019 10:00am EDT 

June 10 (Reuters) - United Steelworkers::UNITED STEELWORKERS - FILES COMPLAINT WITH INTERNATIONAL LABOUR ORGANIZATION AGAINST QUEBEC GOVERNMENT.USW - COMPLAINT STEMS FROM QUEBEC PREMIER FRANÇOIS LEGAULT'S INTERFERENCE IN NEGOTIATIONS IN 17-MONTH LOCKOUT AT ABI ALUMINUM SMELTER IN BÉCANCOUR.  Full Article

Fleetwood Corp Updates On Extension Of Searipple Village Accommodation Agreement With Rio Tinto
Wednesday, 5 Jun 2019 04:02am EDT 

June 5 (Reuters) - Fleetwood Corp Ltd ::UPDATES ON EXTENSION OF SEARIPPLE VILLAGE ACCOMMODATION AGREEMENT WITH RIO TINTO.RIO TINTO HAS EXERCISED ITS FINAL OPTION TO EXTEND TERM OF AGREEMENT FOR A FURTHER ONE YEAR PERIOD, COMMENCING ON 1 JAN 2020.COMMERCIAL TERMS OF AGREEMENT REMAIN UNCHANGED.  Full Article

Rio Tinto Says Qtrly Pilbara Iron Ore Shipments (100 Pct Basis) 69.1 MT
Monday, 15 Apr 2019 06:49pm EDT 

April 16 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100 PERCENT BASIS) 69.1 MT VERSUS 80.3 MT A YEAR AGO.QTRLY MINED COPPER PRODUCTION 143.9 KT VERSUS 139.3 KT A YEAR AGO.2019 GUIDANCE FOR PILBARA SHIPMENTS IS REDUCED TO BETWEEN 333 AND 343 MILLION TONNES.QTRLY ALUMINIUM PRODUCTION 796 KT VERSUS 846 KT A YEAR AGO.QTRLY PILBARA IRON ORE PRODUCTION (100 PERCENT BASIS) 76.0 MT VERSUS 83.1 MT A YEAR AGO.RIO TINTO'S SHARE OF MINED COPPER PRODUCTION FOR 2019 IS EXPECTED TO BE BETWEEN 550 AND 600 THOUSAND TONNES.RIO TINTO'S PILBARA UNIT COST GUIDANCE IN 2019 REMAINS AT $13 - $14 PER TONNE.RIO TINTO'S EXPECTED SHARE OF BAUXITE PRODUCTION IN 2019 IS BETWEEN 56 AND 59 MILLION TONNES.IN 2019, ALUMINIUM PRODUCTION GUIDANCE IS BETWEEN 3.2 AND 3.4 MILLION TONNES AND ALUMINA PRODUCTION GUIDANCE IS 8.1 TO 8.4 MILLION TONNES.Q1 PRODUCTION HURT BY WEATHER DISRUPTIONS IN MARCH AND A FIRE AT CAPE LAMBERT A IN JANUARY & THESE WILL HAVE AN IMPACT ON Q2 PERFORMANCE.  Full Article

Worleyparsons Gets Contract To Perform EPCM Services For Rio Tinto's Koodaideri Iron Ore Mine
Sunday, 14 Apr 2019 09:16pm EDT 

April 15 (Reuters) - Rio Tinto Ltd ::AWARDED CONTRACT TO PERFORM EPCM SERVICES FOR RIO TINTO'S KOODAIDERI IRON ORE MINE.  Full Article

Rio Tinto Approves Additional $302 Mln Investment In Resolution Copper Project
Sunday, 14 Apr 2019 06:30pm EDT 

April 15 (Reuters) - Rio Tinto Ltd ::APPROVES AN ADDITIONAL $302 MILLION INVESTMENT IN RESOLUTION COPPER PROJECT.INVESTMENT WILL FUND ADDITIONAL DRILLING, ORE-BODY STUDIES, INFRASTRUCTURE IMPROVEMENTS AND PERMITTING ACTIVITIES.ENVIRONMENTAL IMPACT STUDY FOR RESOLUTION COPPER PROJECT ON TRACK TO BE COMPLETED NEXT YEAR ACCORDING TO REGULATORS SCHEDULE.  Full Article

Rio Tinto Updates On Tropical Cyclone Veronica
Sunday, 31 Mar 2019 05:31pm EDT 

April 1 (Reuters) - Rio Tinto Ltd ::UPDATE ON TROPICAL CYCLONE VERONICA.RIO TINTO'S PILBARA SHIPMENTS IN 2019 ARE EXPECTED TO BE AT LOWER END OF 338 AND 350 MILLION TONNES (100 PER CENT BASIS.IRON ORE OPERATIONS IN PILBARA, WESTERN AUSTRALIA, ARE RESUMING FOLLOWING PASSING OF TROPICAL CYCLONE VERONICA.IMPACT OF DISRUPTION WILL RESULT IN A LOSS OF APPROXIMATELY 14 MILLION TONNES OF PRODUCTION IN 2019.INITIAL INSPECTIONS UNCOVERED SOME DAMAGE TO CAPE LAMBERT A PORT FACILITY DUE TO CYCLONE.RIO TINTO HAS DECLARED FORCE MAJEURE ON CERTAIN CONTRACTS AND IS WORKING WITH ITS CUSTOMERS TO MINIMISE ANY DISRUPTION IN SUPPLY.  Full Article

Rio Tinto Says Faces Considerable Geopolitical Uncertainties In 2019
Wednesday, 27 Feb 2019 04:15pm EST 

Feb 28 (Reuters) - Rio Tinto Ltd ::RIO TINTO SAYS IT FACES CONSIDERABLE GEOPOLITICAL UNCERTAINTIES IN 2019, IN RELATION TO TRADE, & EXPECTS A YEAR OF VOLATILE COMMODITY PRICES.  Full Article

Rio Tinto Updates On Share Buy-Back Programme
Wednesday, 27 Feb 2019 11:54am EST 

Feb 27 (Reuters) - Rio Tinto Ltd ::SHARE BUY-BACK PROGRAMME.ENTERED NON-DISCRETIONARY IRREVOCABLE INSTRUCTION WITH J.P. MORGAN SECURITIES, ACTING AS RISKLESS PRINCIPAL, IN RELATION TO SHARE PURCHASE.IRREVOCABLE INSTRUCTION ON BUYBACK, MAKING TRADING DECISIONS INDEPENDANTLY OF CO FOR PERIOD BETWEEN 28 FEB AND 17 MAY FOR UP TO $240 MILLION.  Full Article

Rio Tinto Launches Climate Change Report
Wednesday, 27 Feb 2019 01:43am EST 

Feb 27 (Reuters) - Rio Tinto Ltd ::LAUNCHES CLIMATE CHANGE REPORT.ON TRACK TO BEAT TARGET OF REDUCING EMISSIONS INTENSITY BY 24 PER CENT FROM 2008 LEVELS BY 2020.  Full Article

Rio Tinto FY Underlying Earnings $8,808 Mln Vs $8,627 Mln
Wednesday, 27 Feb 2019 01:41am EST 

Feb 27 (Reuters) - Rio Tinto Ltd ::2019 PRODUCTION GUIDANCE IS UNCHANGED FROM OUR Q4 OPERATIONS REVIEW.FY NET EARNINGS $ 13,638 MILLION VERSUS $8,762 MILLION.FY UNDERLYING EARNINGS $8,808 MILLION VERSUS $8,627 MILLION.FINAL DIVIDEND OF 180 US CENTS PER SHARE.CAPITAL EXPENDITURE TO STAY AT AROUND $6.0 BILLION IN 2019 AND AROUND $6.5 BILLION IN 2020.EFFECTIVE TAX RATE ON UNDERLYING EARNINGS OF APPROXIMATELY 30% IN 2019.GLOBAL TRADE IN SCRAP COPPER DISRUPTED BY CHINA'S LOW-QUALITY SCRAP IMPORT RESTRICTIONS, AND DISRUPTIONS ARE LIKELY TO CONTINUE INTO 2019.PILBARA UNIT CASH COSTS OF $13-14 PER WET METRIC TONNE (EXCLUDING FREIGHT) IN 2019.IN 2021, WE EXPECT TO INVEST $6.5 BILLION IN OUR BUSINESS.MARKET EXPECTS TOTAL COPPER DEMAND TO BE SOLID AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF AROUND 2% PER YEAR (2019-2023)."WE CONTINUE TO EXPECT IMPACT OF SECTION 232 ON CHINA TO BE MINIMAL".EXPECT LIMITED DISRUPTION TO ROBE VALLEY LUMP AND FINES SHIPMENTS.SPECIAL DIVIDEND OF 243 US CENTS PER SHARE.ENCOURAGING COPPER MINERALISATION DISCOVERED IN PILBARA, WESTERN AUSTRALIA; COMMENCED PHASE 2 DRILLING TO ASCERTAIN SCALE.NET CASH AS AT DEC 31, 2018 $255 MLN VS NET DEBT OF $3,845 MLN AS AT DEC 31, 2017.  Full Article

Rio Tinto cuts iron ore shipments forecast from hub in Pilbara region

Rio Tinto Ltd said on Wednesday it was experiencing iron ore mine operational problems, particularly in the Greater Brockman hub in the Pilbara region in Australia, leading the miner to cut its shipments forecast from the area for 2019.