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Rio Tinto PLC (RIO.L)

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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

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

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 Discoveres Copper-Gold Mineralisation At Winu Project
Wednesday, 27 Feb 2019 01:33am EST 

Feb 27 (Reuters) - Rio Tinto Ltd ::DISCOVERED COPPER-GOLD MINERALISATION AT WINU PROJECT IN YENEENA BASIN OF PATERSON PROVINCE IN WESTERN AUSTRALIA.ASSAY RESULTS TO DATE INDICATE RELATIVELY WIDE INTERSECTIONS OF COPPER MINERALISATION ASSOCIATED WITH GOLD AND SILVER.RIO TINTO - RIO TINTO EXPLORATION WILL CONTINUE TO EXPLORE ITS ADJACENT WHOLLY OWNED LICENCES AND JOINT VENTURE LICENCES WITHIN PATERSON PROVINCE.  Full Article

Rio Tinto Discloses Details On Tailings Facilities
Wednesday, 20 Feb 2019 08:53am EST 

Feb 20 (Reuters) - Rio Tinto Ltd ::100 TAILINGS FACILITIES ACROSS 32 SITES, AND HAS A FURTHER 36 TAILINGS FACILITIES THAT ARE CLOSED OR UNDER REHABILITATION.AGAIN REVIEWING GLOBAL STANDARD AND, IN PARTICULAR, ASSESSING HOW IT CAN FURTHER STRENGTHEN EXISTING EXTERNAL AUDIT OF FACILITIES.  Full Article

Rio Tinto Q4 Pilbara Iron Ore Shipments 87.4 MT Vs 90.0 MT
Thursday, 17 Jan 2019 04:40pm EST 

Jan 18 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100 PERCENT BASIS) 87.4 MT VERSUS 90.0 MT A YEAR AGO.Q4 MINED COPPER PRODUCTION 177.8 KT VERSUS 148.6 KT.RIO TINTO'S PILBARA SHIPMENTS IN 2019 ARE EXPECTED TO BE BETWEEN 338 AND 350 MILLION TONNES, (100 PER CENT BASIS).QTRLY PILBARA IRON ORE PRODUCTION (100 PERCENT BASIS) 86.6 MT VERSUS 87.9 MT A YEAR AGO.Q4 ALUMINIUM PRODUCTION 874 KT VERSUS 887 KT.RIO TINTO'S SHARE OF MINED COPPER PRODUCTION FOR 2019 IS EXPECTED TO BE BETWEEN 550 AND 600 THOUSAND TONNES.RIO TINTO'S EXPECTED SHARE OF BAUXITE PRODUCTION IN 2019 IS BETWEEN 56 AND 59 MILLION TONNES.RIO TINTO'S EXPECTED SHARE OF ALUMINIUM PRODUCTION GUIDANCE IS BETWEEN 3.2 AND 3.4 MILLION TONNES IN 2019.FOLLOWING PLANT FIRE AT PORT OF CAPE LAMBERT CO EXPECTS LIMITED DISRUPTION TO ROBE VALLEY LUMP AND FINES SHIPMENTS.  Full Article

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Namibia says China can buy Rio's uranium stake if it respects laws

WINDHOEK Namibia's mines and energy minister said he has no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws.