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Rio Tinto Ltd (RIO.AX)

RIO.AX on Australia Stock Exchange

69.64AUD
15 Dec 2017
Change (% chg)

$-0.14 (-0.21%)
Prev Close
$69.78
Open
$69.56
Day's High
$70.17
Day's Low
$69.55
Volume
994,425
Avg. Vol
2,112,327
52-wk High
$75.14
52-wk Low
$56.72

Latest Key Developments (Source: Significant Developments)

Rio Tinto Sees 2018 Mined Copper Production At 510-610 KT
Thursday, 14 Dec 2017 01:35am EST 

Dec 14 (Reuters) - Rio Tinto Ltd ::SEES 2018 MINED COPPER PRODUCTION AT 510-610 KT , SEES 2018 REFINED COPPER PRODUCTION AT 225-265 KT.  Full Article

Rio Tinto Says Capital Expenditure Expected To Be Less Than $4.5 Bln In 2017​​
Sunday, 3 Dec 2017 05:32pm EST 

Dec 4 (Reuters) - Rio Tinto Ltd ::‍"$5 BILLION PRODUCTIVITY PROGRAMME WILL HELP DRIVE VALUE OVER NEXT FIVE YEARS"​.‍GROUP TARGET OF $1.5 BILLION OF ANNUAL ADDITIONAL FREE CASH FLOW FROM 2021​.‍CAPITAL EXPENDITURE EXPECTED TO BE LESS THAN $4.5 BILLION IN 2017​.‍CAPEX GUIDANCE OF $5.5 BILLION IN 2018 AND $6 BILLION IN BOTH 2019 AND 2020.​.‍IS TARGETING $5 BILLION IN ADDITIONAL FREE CASH FLOW FROM ITS FIVE-YEAR PRODUCTIVITY PROGRAMME FROM 2017-2021.​.‍ON TRACK TO DELIVER ADDITIONAL FREE CASH FLOW OF $300 MILLION FROM PRODUCTIVITY IMPROVEMENTS IN 2017 AND A CUMULATIVE $900 MILLION BY END OF 2018​.‍SUSTAINING CAPITAL EXPENDITURE IN PILBARA IS EXPECTED TO BE AROUND $1 BILLION A YEAR OVER NEXT THREE YEARS​.‍PILBARA SHIPMENT GUIDANCE OF 330-340 MILLION TONNES OF IRON ORE FOR 2018​.‍$1.9 BILLION PLC SHARE BUYBACK TO BE COMPLETED BY END OF 2018​.  Full Article

Rio Tinto Appoints Simon Thompson As Chairman
Sunday, 3 Dec 2017 04:27pm EST 

Dec 4 (Reuters) - Rio Tinto Ltd ::SIMON THOMPSON TO SUCCEED JAN DU PLESSIS AS CHAIRMAN.‍THOMPSON, WHO JOINED RIO TINTO BOARD AS A NON- EXECUTIVE DIRECTOR IN 2014, WILL BECOME CHAIRMAN ON 5 MARCH 2018​.‍SAM LAIDLAW WILL SUCCEED THOMPSON AS CHAIR OF RIO TINTO REMUNERATION COMMITTEE WITH EFFECT FROM 5 MARCH 2018​.  Full Article

Rio Tinto signs mineral exploration agreement with Minmetals​
Friday, 24 Nov 2017 06:46am EST 

Nov 24 (Reuters) - Rio Tinto Ltd :‍CO AND MINMETALS HAVE SIGNED A TECHNICAL COLLABORATION AGREEMENT, FORMALISING A COLLABORATIVE PARTNERSHIP IN MINERAL EXPLORATION.​.  Full Article

Rio Tinto says Co and Sinosteel Corporation agree to extend Channar Mining Joint Venture
Thursday, 23 Nov 2017 04:39pm EST 

Nov 24 (Reuters) - Rio Tinto Ltd ::Rio Tinto and Sinosteel extend Channar Mining joint venture.‍Rio Tinto and China's Sinosteel Corporation have agreed to extend their historic channar mining joint venture.​.Extension of JV will see an additional 10 million tonnes of iron ore delivered into joint venture from Western Australia.​.‍Extension will see Sinosteel make an upfront payment of US$15 million to Rio Tinto as well as production royalties linked to iron ore price​.Extension is conditional upon approvals from Western Australian, Australian and Chinese governments..‍This third extension will increase life of joint venture to cover production totalling 290 mln tonnes​​.  Full Article

Rio Tinto completes A$750 mln off-market buy-back
Sunday, 12 Nov 2017 04:21pm EST 

Nov 13 (Reuters) - Rio Tinto Ltd ::Rio Tinto Limited completes A$750m off-market buy-back.Buy-back price was A$63.67 per share, representing a discount of 14 per cent to market price​.Portion of programme relating to on-market buy-back of Rio Tinto Plc shares to total max amount of US$1,925 million and to commence on Dec 27.  Full Article

Rio Tinto says ‍market price for buy-back of co's shares is A$74.0293 per share​
Friday, 10 Nov 2017 01:38am EST 

Nov 10 (Reuters) - Rio Tinto Ltd ::Rio tinto says ‍market price for off-market buy-back of co's shares announced on Sept 22 is A$74.0293 per share​.  Full Article

Freeport, Indonesia "highly motivated" on Grasberg deal
Wednesday, 25 Oct 2017 11:14am EDT 

Oct 25 (Reuters) - :Freeport <<>> sees "significant" deficits for copper in future, Chief Executive Richard Adkerson .Freeport-McMoRan CEO says both company and Indonesia government are "highly motivated" to come to agreement on Grasberg mine contract.In discussions with Indonesian government, Freeport is insisting on maintaining operational control of the Grasberg mine, CEO says.Freeport, Indonesia government are "actively" involved in producing documentation required for the framework agreement reached - Freeport CEO.Freeport CEO says goal is to work cooperatively with Indonesia government, wants to avoid going to arbitration over Indonesia contract.Freeport CEO says will not concede to "unreasonable" demands from Indonesian government, will relentlessly represent shareholders.Freeport CEO says goal is to reach a "comprehensive and final" agreement with Indonesia by year-end.Freeport's stake in Indonesia unit, PT-FI, will drop to around 29 pct after joint venture agreement with Rio Tinto <<>>, <<>>, divestiture to government take effect - Freeport CEO.Freeport CEO says in talks with Indonesian group PT Amman Mineral Internasional on becoming partner in smelter that Amman may build.  Full Article

Rio Tinto's former top executive steps down from Britain's Takeover Panel​
Friday, 20 Oct 2017 04:30am EDT 

Oct 20 (Reuters) - UK Takeover Panel:‍GUY ELLIOTT SUBMITTED HIS RESIGNATION TO FOCUS HIS ATTENTION ON LEGAL PROCEEDINGS REGARDING HIS FORMER EMPLOYMENT WITH RIO TINTO​.  Full Article

CGI and Rio Tinto expand outsourcing partnership
Thursday, 19 Oct 2017 02:00pm EDT 

Oct 19 (Reuters) - CGI Group Inc ::Says CGI and Rio Tinto expand outsourcing partnership to include industry 4.0 digital transformation initiatives.Says ‍renewal, expansion of 30+ year partnership with Rio Tinto Aluminium; estimated value of contract renewals and expansion is about $30 million​.  Full Article

REFILE-Morning News Call - India, December 4

(Refiles to fix link) To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12042017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 6:00 pm: Economic Advisory Council Member Surjit Bhalla at "The New Wealth of Nations" panel discussion in Mumbai. 6:00 pm: Finance Minister Arun Jaitley at Directorat