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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
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2,112,327
52-wk High
$75.14
52-wk Low
$56.72

Latest Key Developments (Source: Significant Developments)

Shell ‍says Guy Elliott stood down as non-executive director of company
Wednesday, 18 Oct 2017 02:20am EDT 

Oct 18 (Reuters) - Shell ::‍GUY ELLIOTT HAS STOOD DOWN AS A NON-EXECUTIVE DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT​.SHELL SAYS GUY'S DECISION IS RELATED TO HIS INVOLVEMENT IN LEGAL PROCEEDINGS REGARDING HIS FORMER EMPLOYMENT AT RIO TINTO​.  Full Article

Rio Tinto responds to SEC's claims in relation to Rio Tinto Coal Mozambique
Tuesday, 17 Oct 2017 06:18pm EDT 

Oct 18 (Reuters) - Rio Tinto Ltd :‍notified by SEC it filed a complaint in relation to rio tinto's disclosures and timing of impairment of Rio Tinto Coal Mozambique (RTCM​)​.says it intends to vigorously defend itself against such allegations​.‍believes that SEC case is unwarranted​.‍reached a settlement with United Kingdom's financial conduct authority (FCA) in relation to timing of impairment of RTCM​."‍when all facts are considered by court, or if necessary by a jury, SEC's claims will be rejected."​.‍FCA made no findings of fraud, or of any systemic or widespread failure by Rio Tinto, case is now closed​.‍Australian Securities And Investments Commission is also reviewing rtcm impairment​.  Full Article

UK FCA says Rio Tinto fined 27 million stg for breaching disclosure and transparency rules‍​
Tuesday, 17 Oct 2017 05:27pm EDT 

Oct 17 (Reuters) - :UK FCA says Rio Tinto Plc fined 27 million stg for breaching disclosure and transparency rules‍​.UK FCA says it found Rio Tinto failed to carry out impairment test and recognise impairment loss on value of Mozambique mining assets which it bought in 2011.  Full Article

Rio Tinto says qtrly Pilbara iron ore shipments rose 6 pct
Monday, 16 Oct 2017 05:20pm EDT 

Oct 17 (Reuters) - Rio Tinto Ltd ::Qtrly Pilbara iron ore shipments (100 percent basis) ‍85.8​ mt versus 80.9 mt a year ago.Qtrly mined copper production ‍120.6​ kt versus 133.3 kt a year ago.Qtrly Pilbara iron ore production (100 percent basis) ‍85.0​ mt versus 83.2 mt a year ago.Qtrly aluminium production ‍887​ kt versus 924 kt a year ago.‍Rio Tinto's expected share of mined copper production for 2017 is revised to between 460 and 480 thousand tonnes​.‍Rio Tinto's expected Pilbara shipments in 2017, subject to weather, remain unchanged at around 330 million tonnes on a 100 per cent basis​.‍"Rio Tinto's share of production in 2017 is revised to between 50 and 51 million tonnes of bauxite (previously 48 to 50 million tonnes)"​.  Full Article

Rio Tinto in talks to sell Australasian aluminium assets to GFG Alliance - FT
Monday, 16 Oct 2017 10:33am EDT 

Oct 16 (Reuters) - :Rio Tinto in talks to sell Australasian aluminium assets to GFG Alliance - FT, citing sources‍​.  Full Article

Monadelphous Group secures maintenance and construction contract worth $220 mln
Tuesday, 26 Sep 2017 02:39am EDT 

Sept 26 (Reuters) - Monadelphous Group Ltd ::Secured new maintenance and construction work in mining and minerals and oil and gas sectors.Contracts for ‍combined value of about $220 million​.New maintenance work includes 2-year contract to supply fixed plant maintenance services for Rio Tinto.  Full Article

Rio Tinto ‍adopts global paid parental leave standard, starting with U.S. operations​
Thursday, 21 Sep 2017 12:23pm EDT 

Sept 21 (Reuters) - Rio Tinto Ltd ::Rio Tinto PLC says ‍adopts global paid parental leave standard, starting with U.S. operations​.Will implement a new global minimum standard for paid parental leave for all employees​.New global minimum standard provides 18 weeks of paid parental leave at full pay following birth or adoption of a child to all employees​.‍18 weeks leave will be granted to an employee designated as child's primary caregiver; it is not gender specific​.  Full Article

Rio Tinto to commence additional $2.5 billion share buy-back
Thursday, 21 Sep 2017 12:00pm EDT 

Sept 21 (Reuters) - Rio Tinto Plc ::RIO TINTO - TO COMMENCE ADDITIONAL $2.5 BILLION SHARE BUY-BACK PROGRAMME, RETURNING PROCEEDS OF SALE OF COAL & ALLIED TO ITS SHAREHOLDERS​.RIO TINTO - ‍CAPITAL RETURN PROGRAMME WILL BE EXECUTED THROUGH A COMBINATION OF AN OFF-MARKET BUY-BACK TENDER, TARGETING A$700 MILLION OF CO SHARES​.NEW ON-MARKET PURCHASES BY RIO TINTO PLC WILL COMMENCE ON 27 DECEMBER 2017 AND WILL BE COMPLETED NO LATER THAN 31 DECEMBER 2018.RIO TINTO - ‍BALANCE OF $1.9 BILLION OF ADDITIONAL FUNDS BEING ALLOCATED TO RIO TINTO'S EXISTING ON- MARKET PURCHASES OF CO ORDINARY SHARES OF 10P EACH​.MAXIMUM NUMBER OF SHARES THAT MAY BE PURCHASED BY RIO TINTO PLC UNDER PROGRAMME IS 100 MILLION.  Full Article

Rio Tinto finance boss Chris Lynch to retire by end of September 2018
Friday, 15 Sep 2017 10:15am EDT 

Sept 15 (Reuters) - RIO TINTO PLC ::‍CHRIS LYNCH TO RETIRE AS RIO TINTO CHIEF FINANCIAL OFFICER​.‍RIO TINTO CHIEF FINANCIAL OFFICER CHRIS LYNCH HAS INFORMED BOARD THAT HE INTENDS TO RETIRE FROM HIS ROLE BY END OF SEPTEMBER 2018​.‍PLANNING FOR CHIEF FINANCIAL OFFICER SUCCESSION HAS BEEN IN PROGRESS AND A REPLACEMENT WILL BE ANNOUNCED IN DUE COURSE​.  Full Article

Turquoise Hill appoints Luke Colton as CFO effective Oct 9, 2017
Monday, 11 Sep 2017 05:00pm EDT 

Sept 12 (Reuters) - Turquoise Hill Resources Ltd :Turquoise Hill Resources Ltd - appointed Luke Colton as company's chief financial officer effective October 9, 2017.Turquoise Hill Resources Ltd - Colton has previously been with Rio Tinto.  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